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Industrial Machine Vision Lens Market, by Deployment

RA00168

Industrial Machine Vision Lens Market, by Deployment (General Machine Vision System and Robotic Cell), Product Type (Smart Camera Based and PC-Based), Offering(Software and Hardware), Application (Quality Assurance & Inspection, Positioning & Guidance, Measurement, Identification and Predictive Maintenance), Regional Outlook (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026

RA00168

Pages: NA

Apr 2020

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Impact of covid-19 on Industrial Machine Vision Lens Market

Global Industry Insights of Industrial Machine Vision Lens 2026:

Industrial Machine Vision Lens Market accounted for $5,900.0 million in 2018 and is predicted to generate a revenue of $9,537.4 million by 2026 with a CAGR of 6.1% over the forecast period.Asia-Pacific market was $1,480.9 million in 2018 and is predicted to grow with a CAGR of 6.9% over the forecast period. Rise in the adoption of industrial machine vision lens is predicted to be the major driving factor for the growth of the industrial machine vision lens market.

Machine vision lens are the technology used to provide imagesthrough the lens in the output device for analysis and inspection in various industrial applications. With the help of the machine vision lens, one can extract the exact information of the operational flow in the organization through the form of image in an automated machine. The images are mostly extracted for vehicles guidance technology and security monitoring. Machine vision lensare mostly a combination of smart cameras and smart sensors. 

Driving Factors: Increase in the adoption of industrial machines lens are predicted to drive the Industrial Machine Vision Lens Market

Rise in the need for analysis and inspection of the operational flow in the organization is predicted to be the major driving factor for the industrial machine vision lens market. Technology is the major aspect in industries to monitor the flow of work and workers for the work they perform. Moreover, rise in the adoption of inspection in many industries is predicted to drive Industrial Machine Vision Lens Marketover the forecast period.

Market Restraint: Lack of skilled labor is predicted to be the biggest restraint for the growth ofIndustrial Machine Vision Lens Market

The unavailability of skilled professionals is predicted to hamper to the growth of the market in the forecast period. The technology has been continuously developing and experiencing innovation since its emergence. The professional needs to be updated about the requirement of the technology; if not,this can turn out to be the biggest restraint for the industrial machine vision lens market over the forecast period.
 

Robotic cell is predicted to have the highest growth rate in the forecast period. Robotic cell deployment segment made $2,660.9 million in 2018 and is predicted to grow with a CAGR of 7.1% over the forecast period. Robotic cell deployment types are the most cost effective and reduce the workforce for inspection & analysis which helps in increasing the production. Moreover, the robot cells deployment helps in consistent and more accurate field of view through camera which is anticipatedto boost the overall industrial machine vision lens market over the forecast period

Smart camera product type is predicted to grow enormously over the forecast period.Smart camera product type accounted for $2,554.7 million in 2018 and is predicted to grow with a CAGR of 8.4% over the forecast period. Smart camera product type is a self-contained unit. Smart camera product type are more flexible and are inherently capable of self-programming through various algorithms and application functions which gives the output appropriately. This is predicted to drive the smart camera product type in the industrial machine vision lens market over the forecast period

Software component segment accounted for $2,424.9 million in 2018 and is predicted to grow with a CAGR of 7.7% over the forecast period.Software component segment is predicted to grow because it helps in adjustment of image size, aspect ratio adjustment, rotating of images and many more so that it can be implement in many possible way. Moreover, software component segment is also used to inspect the software and robot program is predicted to drive the Software component segment in industrial machine vision lens market over the forecast period.

Predictive maintenance segment is anticipated to have the highest growth rate over the forecast period.Predictive maintenance segment accounted for $1,274.4 million in 2018 and is predicted to grow with a CAGR of 6.8% over the forecast period. The predictive maintenance is projected to grow due to the segment enabling cost effectiveness for the organization as compared to other segments in application type.

Asia-Pacific market is predicted to have the highest growth rate over the forecast period.Asia-Pacific marketmade $1,480.9 million in 2018 and is predicted to grow with a CAGR of 6.9% over the forecast period.The Asia-Pacific market is predicted to grow with the presence of large number of manufacturing units in the region due to the availability of the labor at a cheaper rate. Europe market accounted for $1,705.1 million in 2018 and is predicted to grow with a CAGR of 6.4% over the forecast period. The Europe market is estimated to rise due to lower production cost and lower capital equipment cost also accounting for the inspection, gauging and measurement of the workforce output.

Key Participants in the Industrial Machine Vision Lens Market:

The major key players in the industrial machine vision lens market areISRA VISION AG, Intel Corporation,Teledyne Technologies Incorporated, Sony Corporation, National Instruments, KEYENCE CORPORATION, OMRON Corporation, AlphaTechSys Automation LLP and COGNEX CORPORATION among others.

Porter’s Five Forces Analysis for Industrial Machine Vision Lens Market:

  • Bargaining Power of Suppliers: The switching cost from one supplier to another isprojected to be low.
    The bargaining power of suppliers is very low.

  • Bargaining Power of Consumers: In this market, the concentration of buyers is high. 
    The bargaining power of consumers is high.

  • The threat of New Entrants: Huge initial investments are essential to start a new industrial machine vision lens market.
    The threat of new entrants is low.

  • The threat of Substitutes: This market has a numerous alternatives of productsmoreover technology is alsooffers high switching costs for clients. 
    The threat of substitutes is high.

  • Competitive Rivalry in the Market: The industrial machine vision lens market has only major players to sell their products it becomes difficult for small and medium enterprises and local manufacturer to get into the market. Many major players are following several strategies, and product differentiation among them.
    The competitive rivalry in the industry is high

 

Aspect

Particulars

  Historical Market Estimations

  2018-2019

  Base Year for Market Estimation

  2018

  Forecast timeline for Market Projection

  2019-2026

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Deployment

  • General Machine Vision System
  • Robotic Cell Machine Vision System

  Segmentation by Product type

  • Smart Camera Vision System
  • PC-Based Vision System

  Segmentation by Component

  • Software
  • Hardware

  Segmentation by Application

  • Quality Assurance & Inspection
  • Positioning & Guidance
  • Measurement
  • Identification
  • Predictive Maintenance

  Key Countries Covered

U.S., Canada, Mexico Germany, France, UK, Italy, Japan, China, India, South Korea, Australia, Latin America, Middle East, Africa

Key Companies Profiled

  • ISRA VISION AG
  • Intel Corporation
  • Teledyne Technologies Incorporated
  • Sony Corporation
  • National Instruments
  • KEYENCE CORPORATION
  • OMRON Corporation
  • AlphaTechSys Automation LLP
  • COGNEX CORPORATION

 

  •  

FREQUENTLY ASKED QUESTIONS?
 

A. The global Industrial Machine Vision Lens Market size was over $5,900.0 million in 2018, and is predicted to grow with a CAGR of 6.1% over the forecast period.

A. Sony Corporation, National Instrumentsare some of the key players in the global Industrial Machine Vision Lens Market.

A. Asia-Pacific possesses great investment opportunities for the investors to witness the most promising growth in the coming years.

A. Asia-PacificIndustrial Machine Vision Lens Market is projected to grow at 6.9% CAGR during the forecast period.

A. Product development is the key strategies opted by the operating companies in this Industrial Machine Vision Lens Market.

A. Sony Corporation is the company investing more on R&D activities for developing new products and technologies.

1.Research Methodology

1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters

1.4.1.Assumptions
1.4.2.Forecast parameters

1.5.Data sources

1.5.1.Primary
1.5.2.Secondary

2.Executive Summary

2.1.360° summary
2.2.Deployment trends
2.3.Product type trends
2.4.Component trends
2.5.Application trends

3.Market overview

3.1.Market segmentation & definitions
3.2.Key takeaways

3.2.1.Top investment pockets
3.2.2.Top winning strategies

3.3.Porter’s five forces analysis

3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market

3.4.Market dynamics

3.4.1.Drivers
3.4.2.Restraints
3.4.3.Opportunities

3.5.Technology landscape
3.6.Regulatory landscape
3.7.Patent landscape
3.8.Strategic overview

4.Industrial Machine Vision Lens Market, byDeployment

4.1.General Machine Vision System

4.1.1.Market size and forecast, by region, 2019-2026
4.1.2.Comparative market share analysis, 2019-2026

4.2.Robotic Cell Machine Vision System

4.2.1.Market size and forecast, by region, 2019-2026
4.2.2.Comparative market share analysis, 2019-2026

5.Industrial Machine Vision Lens Market, by Product Type

5.1.Smart Camera Vision System

5.1.1.Market size and forecast, by region, 2019-2026
5.1.2.Comparative market share analysis, 2019-2026

5.2.PC Based Vision System

5.2.1.Market size and forecast, by region, 2019-2026
5.2.2.Comparative market share analysis, 2019-2026

6.Industrial Machine Vision Lens Market, by Component

6.1.Software

6.1.1.Market size and forecast, by region, 2019-2026
6.1.2.Comparative market share analysis, 2019-2026

6.2.Hardware

6.2.1.Market size and forecast, by region, 2019-2026
6.2.2.Comparative market share analysis, 2019-2026

7.Industrial Machine Vision Lens Market, by Application

7.1.Quality Assurance & Inspection

7.1.1.Market size and forecast, by region, 2019-2026
7.1.2.Comparative market share analysis, 2019-2026

7.2.Positioning & Guidance

7.2.1.Market size and forecast, by region, 2019-2026
7.2.2.Comparative market share analysis, 2019-2026

7.3.Measurement 

7.3.1.Market size and forecast, by region, 2019-2026
7.3.2.Comparative market share analysis, 2019-2026

7.4.Identification

7.4.1.Market size and forecast, by region, 2019-2026
7.4.2.Comparative market share analysis, 2019-2026

7.5.Predictive Management

7.5.1.Market size and forecast, by region, 2019-2026
7.5.2.Comparative market share analysis, 2019-2026

8.Industrial Machine Vision Lens Market, by Region

8.1.North Region

8.1.1.Market size and forecast, by component, 2019-2026
8.1.2.Market size and forecast, by deployment, 2019-2026
8.1.3.Market size and forecast, by product type, 2019-2026
8.1.4.Market size and forecast, by application, 2019-2026
8.1.5.Market size and forecast, by country, 2019-2026
8.1.6.Comparative market share analysis, 2019-2026
8.1.7.U.S

8.1.7.1.Market size and forecast, by component, 2019-2026
8.1.7.2.Market size and forecast, by deployment, 2019-2026
8.1.7.3.Market size and forecast, by product type, 2019-2026
8.1.7.4.Market size and forecast, by application, 2019-2026

8.1.8.Canada

8.1.8.1.Market size and forecast, by component, 2019-2026
8.1.8.2.Market size and forecast, by deployment, 2019-2026
8.1.8.3.Market size and forecast, by product type, 2019-2026
8.1.8.4.Market size and forecast, by application, 2019-2026

8.1.9.Mexico

1.1.1.Market size and forecast, by component, 2019-2026
1.1.2.Market size and forecast, by deployment, 2019-2026
1.1.3.Market size and forecast, by product type, 2019-2026
1.1.4.Market size and forecast, by application, 2019-2026

1.2.Europe

1.2.1.Market size and forecast, by component, 2019-2026
1.2.2.Market size and forecast, by deployment, 2019-2026
1.2.3.Market size and forecast, by product type, 2019-2026
1.2.4.Market size and forecast, by application, 2019-2026
1.2.5.Market size and forecast, by country, 2019-2026
1.2.6.Comparative market share analysis, 2019-2026
1.2.7.UK

1.2.7.1.Market size and forecast, by component, 2019-2026
1.2.7.2.Market size and forecast, by deployment, 2019-2026
1.2.7.3.Market size and forecast, by product type, 2019-2026
1.2.7.4.Market size and forecast, by application, 2019-2026
1.2.7.5.Comparative market share analysis, 2019-2026

1.2.8.Germany

1.2.8.1.Market size and forecast, by component, 2019-2026
1.2.8.2.Market size and forecast, by deployment, 2019-2026
1.2.8.3.Market size and forecast, by product type, 2019-2026
1.2.8.4.Market size and forecast, by application, 2019-2026
1.2.8.5.Comparative market share analysis, 2019-2026

1.2.9.France

1.2.9.1.Market size and forecast, by component, 2019-2026
1.2.9.2.Market size and forecast, by deployment, 2019-2026
1.2.9.3.Market size and forecast, by product type, 2019-2026
1.2.9.4.Market size and forecast, by application, 2019-2026
1.2.9.5.Comparative market share analysis, 2019-2026

1.2.10.Italy

1.2.10.1.Market size and forecast, by component, 2019-2026
1.2.10.2.Market size and forecast, by deployment, 2019-2026
1.2.10.3.Market size and forecast, by product type, 2019-2026
1.2.10.4.Market size and forecast, by application, 2019-2026
1.2.10.5.Comparative market share analysis, 2019-2026

1.2.11.Rest of Europe

1.2.11.1.Market size and forecast, by component, 2019-2026
1.2.11.2.Market size and forecast, by deployment, 2019-2026
1.2.11.3.Market size and forecast, by product type, 2019-2026
1.2.11.4.Market size and forecast, by application, 2019-2026
1.2.11.5.Comparative market share analysis, 2019-2026

1.3.Asia-Pacific

1.3.1.Market size and forecast, by component, 2019-2026
1.3.2.Market size and forecast, by deployment, 2019-2026
1.3.3.Market size and forecast, by product type, 2019-2026
1.3.4.Market size and forecast, by application, 2019-2026
1.3.5.Market size and forecast, by country, 2019-2026
1.3.6.Comparative market share analysis, 2019-2026

1.3.7.China

8.1.9.1.Market size and forecast, by component, 2019-2026
8.1.9.2.Market size and forecast, by deployment, 2019-2026
8.1.9.3.Market size and forecast, by product type, 2019-2026
8.1.9.4.Market size and forecast, by application, 2019-2026
8.1.9.5.Comparative market share analysis, 2019-2026

8.1.10.India

8.1.10.1.Market size and forecast, by component, 2019-2026
8.1.10.2.Market size and forecast, by deployment, 2019-2026
8.1.10.3.Market size and forecast, by product type, 2019-2026
8.1.10.4.Market size and forecast, by application, 2019-2026
8.1.10.5.Comparative market share analysis, 2019-2026

8.1.11.Japan

8.1.11.1.Market size and forecast, by component, 2019-2026
8.1.11.2.Market size and forecast, by deployment, 2019-2026
8.1.11.3.Market size and forecast, by product type, 2019-2026
8.1.11.4.Market size and forecast, by application, 2019-2026
8.1.11.5.Comparative market share analysis, 2019-2026

8.1.12.South Korea

8.1.12.1.Market size and forecast, by component, 2019-2026
8.1.12.2.Market size and forecast, by deployment, 2019-2026
8.1.12.3.Market size and forecast, by product type, 2019-2026
8.1.12.4.Market size and forecast, by application, 2019-2026
8.1.12.5.Comparative market share analysis, 2019-2026

8.1.13.Australia

8.1.13.1.Market size and forecast, by component, 2019-2026
8.1.13.2.Market size and forecast, by deployment, 2019-2026
8.1.13.3.Market size and forecast, by product type, 2019-2026
8.1.13.4.Market size and forecast, by application, 2019-2026
8.1.13.5.Comparative market share analysis, 2019-2026

8.1.14.Rest of Asia Pacific

8.1.14.1.Market size and forecast, by component, 2019-2026
8.1.14.2.Market size and forecast, by deployment, 2019-2026
8.1.14.3.Market size and forecast, by product type, 2019-2026
8.1.14.4.Market size and forecast, by application, 2019-2026
8.1.14.5.Comparative market share analysis, 2019-2026

1.4.LAMEA

1.4.1.Market size and forecast, by component, 2019-2026
1.4.2.Market size and forecast, by deployment, 2019-2026
1.4.3.Market size and forecast, by product type, 2019-2026
1.4.4.Market size and forecast, by application, 2019-2026
1.4.5.Market size and forecast, by country, 2019-2026
1.4.6.Comparative market share analysis, 2019-2026
1.4.7.Latin America

1.4.7.1.Market size and forecast, by component, 2019-2026
1.4.7.2.Market size and forecast, by deployment, 2019-2026
1.4.7.3.Market size and forecast, by product type, 2019-2026
1.4.7.4.Market size and forecast, by application, 2019-2026
1.4.7.5.Comparative market share analysis, 2019-2026

1.4.8.Middle East

1.4.8.1.Market size and forecast, by component, 2019-2026
1.4.8.2.Market size and forecast, by deployment, 2019-2026
1.4.8.3.Market size and forecast, by product type, 2019-2026
1.4.8.4.Market size and forecast, by application, 2019-2026
1.4.8.5.Comparative market share analysis, 2019-2026

1.4.9.Africa

1.4.9.1.Market size and forecast, by component, 2019-2026
1.4.9.2.Market size and forecast, by deployment, 2019-2026
1.4.9.3.Market size and forecast, by product type, 2019-2026
1.4.9.4.Market size and forecast, by application, 2019-2026
1.4.9.5.Comparative market share analysis, 2019-2026

2.Company profiles

2.1.ISRA VISION AG

2.1.1.Business overview
2.1.2.Financial performance
2.1.3.Product portfolio
2.1.4.Recent strategic moves & developments
2.1.5.SWOT analysis

2.2.Intel Corporation

2.2.1.Business overview
2.2.2.Financial performance
2.2.3.Product portfolio
2.2.4.Recent strategic moves & developments
2.2.5.SWOT analysis

2.3.Teledyne Technologies Incorporated, Inc.

2.3.1.Business overview
2.3.2.Financial performance
2.3.3.Product portfolio
2.3.4.Recent strategic moves & developments
2.3.5.SWOT analysis

2.4.Sony Corporation.

2.4.1.Business overview
2.4.2.Financial performance
2.4.3.Product portfolio
2.4.4.Recent strategic moves & developments
2.4.5.SWOT analysis

2.5.National Instruments.

2.5.1.Business overview
2.5.2.Financial performance
2.5.3.Product portfolio
2.5.4.Recent strategic moves & developments
2.5.5.SWOT analysis

2.6.KEYENCE CORPORATION

2.6.1.Business overview
2.6.2.Financial performance
2.6.3.Product portfolio
2.6.4.Recent strategic moves & developments
2.6.5.SWOT analysis

2.7.OMRON Corporation

2.7.1.Business overview
2.7.2.Financial performance
2.7.3.Product portfolio
2.7.4.Recent strategic moves & developments
2.7.5.SWOT analysis

2.8.AlphaTechSys Automation LLP

2.8.1.Business overview
2.8.2.Financial performance
2.8.3.Product portfolio
2.8.4.Recent strategic moves & developments
2.8.5.SWOT analysis

2.9.COGNEX CORPORATION.

2.9.1.Business overview
2.9.2.Financial performance
2.9.3.Product portfolio
2.9.4.Recent strategic moves & developments
2.9.5.SWOT analysis

 

All industrial as well as non-industrial applications are encompassed by machine vision. The machine vision lenstechnology is used in providing images through the lens in the output device for inspection and analysis in several industrial applications. With the help of the machine vision lens one can extract exact information through a form of image in an automated machine. The images are mostly extracted for security monitoring and guidance of vehicles. The machine vision lensis mostly is a combination of smart cameras and smart sensors.

As per Research Dive blog,  today’s high-performance cameras providedecreased pixel sizes, with choice of optics and correct lighting is more critical than ever. Hence, due to this constantly decreasing pixel size, the achievable system resolution of machine vision will often be limited by the lens and not the camera sensors.This makes it more important to select the right lens in a system development.

Recent Developments in the Global Industry

With computational imaging, the machine vision lens provides greater accuracy, productivity, and reliability as it significantly develops the existing capabilities of industrial machine vision systems.The sensors in machine vision lens can be polarized andalso allows better productivity and flexibility as compared to traditional camera sensors in light polarization. The technology is advancing, and the top gaining players of the global industrial machine vision lens industry are coming up with new strategies and products to strengthen the position of the market.
Cognex is a leading manufacturer of machine vision system that offers software, machine vision systems, sensors, industrial ID readers, and surface inspection systems. In 2015, the Surface Inspection Systems Division business was sold by Cognex to U.S-based AMTEK, Inc. The products of Cognex Corporation are widely used by AMTEK, Inc. in the manufacturing sector, where technology is measuredas an important component of the quality assurance and automated product.

In July 2016, Advantech, a global provider of platform solutions and intelligent systems across multiple markets, launched its product namely ‘AIIS series.’ The focus of the company is to provide consumers with automation related applications of machine vision system.The AIIS series improves operations by delivering outstanding performance, flexibility, and state-of-the-art computing.
In December 2018, Sony Corporation launched its 2nd generation smart camera sensor, ‘CMOS.’This smart sensor come with 16 to 31 Megapixels resolutions between 16 and 31, speeds up to 56fps, and with the company’s SLVS-EC high-speed interface running. This sensor provides high sensitivity and excellent performance.

Forecast Analysis of Industrial Machine Vision Lens Industry

Global industrial machine vision lens market  is estimated to witness a positive growth during the forecast period. Technology is playing a crucial role in creating massive opportunities for the vendors in the global market. Increasing trend towards inspection in several industries is also predicted to drive the market growth from 2019 to 2026. However, lack of skilled labor is restricting the growth of industrial machine vision lens market.

Rising demand and growing adoption of industrial vision lens all across the globe is a significant factor giving substantial uplift to the growth of industrial machine vision lens market in the coming years. As per the Research Dive report statistics, the industrial machine vision lens market is expected to reach up to $9,537.4 million by the end of 2026. Geographically, the Asia Pacific region is likely to dominate the industry owing to availability of skilled labor and presence of large manufacturers in this region. In addition, the report profiles prominent players operating in the global market who are focusing more on introducing technology innovations and product development to maintain a strong position in the global industry.
 

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