Global Industrial Machine Vision Camera Market Is Valued At 1383 Million USD In 2017
Industrial Machine Vision Camera refers to the Industrial camera for machine vision system.
Industrial cameras are a key component in machine vision systems. The most essential function is to convert optical signals into ordered electrical signals. Industrial Camera is a camera which has been designed to high-performance with repeatable performance and robust to withstand the demand of harsh industrial environments. These are commonly referred to as machine vision cameras as they are used on manufacturing processes for inspection/quality control.
Industrial Machine Vision Camera plays a valuable role in many industries. The large downstream demand drives Industrial Machine Vision Camera industries developing. The key Sales markets locate at European countries. After sweeping Europe, Asia-Pacific and the North America have the same strong purchasing market.
According to the report, the global Industrial Machine Vision Camera market
is valued at 1383 million USD in 2017 and is expected to reach 3433.8 million USD by the end of 2025, growing at a CAGR of 12.03% between 2017 and 2025. Europe region is the largest consumption of Industrial Machine Vision Camera, with a revenue market share nearly 35.3% in 2017.
The market is not only influenced by the price, but also influenced by the product performance. The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take most of the market share of high-end market.
Among all applications, Manufacturing is the largest consumption of Industrial Machine Vision Camera, with a sales market share nearly 66.98% in 2017. Looking to the future years, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
There are also some risks we should consider. Despite a predicted increase in market growth, some manufacturers were skeptical of this: though users are not about to defect en masse to the Asian market, most of manufacturers see competition from this region as a threat. In addition, others are still concerned about the risks relating to embedded vision, like industrial cameras being replaced by specific embedded solutions, as well as changes to traditional business models.
Because of the growth and ongoing development of machine vision technologies, the classical roles for manufacturers, integrators, and users are evolving and being constantly challenged. Embedded vision and the use of imaging technology in nearly every industry points to fragmentation, users need and want specific solutions for their integrated systems and OEM solutions. This scenario is an opportunity for consulting distributors and system integrators to demonstrate their role as both advisors and partners in the development and implementation of individual and modular embedded vision solutions, far removed from the traditional industrial camera.