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Compact Vision System Market Segmented By Hardware, Software and Services component for Automotive, Electronics, Healthcare, Packaging, Pharmaceuticals, Food & beverages, Printing & publishing vertical
Compact vision systems combine industrial communication interfaces, processors and also support multiple cameras in robust, compact industrial housings. Compact vision systems are based on embedded processing technology. Compact vision systems enable the use of fast processors and maximum performance and also offer optimized heat dissipation, which allows for simultaneous operation of multiple cameras.
Compact vision systems can be operated directly with a mouse or keyboard or a touch screen monitor, as these systems generally include an in-built graphical user interface. Live images and results can be displayed directly on a screen, connected to the compact vision system.
Compact vision systems are powered by quad core processors and are compatible with USB3 Vision or GigE Vision cameras. Compact vision systems provide form factor and flexibility to tackle the toughest machine vision applications. The processor is kept in a small compact housing with industrial I/O and not in the camera in the compact vision system.
Due to this configuration, multiple cameras can be connected to the controller with the help of long cables to share I/O and the processor. This makes compact vision systems very cost effective for multiple camera solutions. The compact vision systems basically comprise of a hardware and software, which provide operational guidance to devices to capture and process pictures or images.
Compact vision systems are used in various fields, such as semiconductors, electronics, automotive, healthcare, packaging, pharmaceuticals, food & beverages and printing. Thus, this is a major factor expected to drive the growth of the compact vision system market during the forecast period.
Compact vision systems also find applications in inspection, pattern recognition and location analysis, which are some of the significant factors fueling the growth of the compact vision system market.
Due to the laws being implemented by governments pertaining to safety in manufacturing plants, significant growth in compact vision systems market is being witnessed. Thus, the food and beverage industry is experiencing sharp growth in the market, especially in India and China due to the booming e-commerce industry.
Moreover, the decreasing cost of robots have made it possible to make less expensive and more flexible compact vision systems. Thus, low manufacturing cost is another feature that will drive the growth of the compact vision system market during the forecast period.
Some of the key vendors in the compact vision system market are Sony Corporation, Omron Corporation, Sick AG, National Instruments Corporation, Hitachi Ltd., Baumer Optronic, Teledyne Technologies, Cognex Corporation, Texas Instruments and KEYENCE Corporation.
In April 2017, Cognex Corporation acquired ViDi systems SA. This acquisition is anticipated to give Cognex Corporation an advantage of ViDi Systems’ AI (artificial intelligence) techniques to improve the analysis of image in applications, where it is difficult to predict the range of image variations.
Geographically, the compact vision system market can be segmented into North America, Western Europe, Latin America, Eastern Europe, Asia Pacific excluding Japan (APEJ), Middle East and Africa (MEA) and Japan.
Due to growing focus on consumer goods, consumer electronics, pharmacy and automotive industries, the demand for compact vision systems is growing significantly in APAC region. Also, APAC is considered to be a major manufacturing hub owing to the large number of contract manufacturers in the region and the region is anticipated to provide various growth opportunities for the compact vision system market.
Moreover, strong competition among consumer electronics manufacturers in this region is projected to fuel the demand for compact vision systems in this region.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.
It provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. It also maps the qualitative impact of various market factors on market segments and geographies.