The global machine vision system and components market generated a revenue of $7882.5 million and expected to rise with a CAGR of 8.64% during 2018-2023. The hardware component of the machine vision market which generated a revenue of $5043.2 million in 2017 is estimated to grow at a higher CAGR of 9.20% when compared to software component. The global machine vision camera market has increased due to increase in automation in several industries. The development of advanced sensors and software algorithms for machine vision systems is one of the factors driving the market.
What are Machine Vision systems and components?
Machine vision system consist of a combination of hardware and software to provide operational guidance to devices to capture and process the images. These systems rely on sensors with specialized optics to process analyze and measure various characteristics for decision making. A machine vision system helps to inspect object details too small to be seen by the human eye.
The major components of a machine vision system include the lighting, lens, image sensor, vision processing, and communications. The sensor in a machine vision camera converts this light into a digital image which is then sent to the processor for analysis. Machine vision systems are robust, reliable, more stable and less cost.
What are the applications of Machine Vision systems?
Machine Vision Cameras are used in various industries such as Electronics and semiconductor, healthcare, automotive, food and beverage, pharmaceuticals, packaging and printing. It has wide applications in location analysis, inspection, and pattern recognition. In locating applications, the purpose of the vision system is to find the object and report its position and orientation. In inspection applications the purpose of the vision system is to validate certain features, for example presence or absence of a correct label on a bottle, screws in an assembly, chocolates in a box, or defects. In an identification application the vision system reads various codes and alphanumeric characters.