Factory Automation and Machine Vision Market 2019
Description: –
Factory Automation and Machine Vision is extremely critical as it can help enterprises reduce the operational cost. Employing robots is efficient and affordable than employing skilled human labourers. After the initial cost of employing a factory robot, the only costs are energy, repair, and maintenance. Adopting factory automation solutions can result in huge savings when compared to paying annual salaries for professional workers. Also, with factory automation and machine vision, organizations attain a higher return on investment. Rising demand for quality inspection and automation in various industrial verticals is foreseen to drive the growth of factory automation and machine vision market.
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Key Players Included In This Report:
Johnson Controls Inc
Siemens Ag
Emerson Electric Company
ABB LTD
Rockwell Automation Inc
Honeywell International Inc
Eastman Kodak
General Electric Company
Yokogawa Electric Corporation
Teledyne Dalsa Inc
Texas Instruments Inc
Schneider Electric SA
The rising requirement for vision-guided robotic systems across the chemical, pharmaceutical, automotive, food & beverage, and packaging industries is expected to strengthen the growth of factory automation and machine vision market. Rising demand for advanced application-oriented machine vision systems is further expected to boost the adoption of machine vision technology. The advanced factory automation and machine vision systems have the ability to observe, inspect, and scrutinize the operation performance by using digital signal processing, by employing one or more video cameras, and by performing analogue to digital conversion. Apprehended data is then transferred to a particular computer to analyze and deliver the desired output.
Resolution and sensitivity are two crucial aspects of any machine vision system. Resolution is accountable for distinguishing objects whereas sensitivity refers to the machine’s capability to detect week impulses or objects. Factory automation and machine vision systems especially assist in supervising operational environments. Also, factory automation and machine vision offer some valuable features, including automatic factory inspection, robotic guidance, and process automation & control in different industrial applications. Industrial manufacturing and production activities have become extremely complicated. These procedures are creating difficulties and rising unreliability for the human eye to minutely detect, examine, observe, and analyze production activities.
Market Segmentation
The global factory automation and machine vision market can be analyzed on the basis of product types, end-user industries, regional markets, and prominent market players. Based on product types, global factory automation and machine vision market can be segmented into-
- Information Technology System
- Distributed Control Systems (DCS)
- Supervisory Control and Data Acquisition (SCADA)
- Enterprise Resource Planning (ERP)
- Programmable Logic Control (PLC)
Based on end-user industries, the global factory automation and machine vision market can be segmented into-
- Automotive
- Power
- Pharmaceuticals
- Food processing
Based on components, factory automation and machine vision systems can be classified into hardware, software, and services. The service segment can include professional and managed services. Primarily, there are two types of machine vision systems including PC-based machine vision systems and smart camera-based machine vision systems.
Regional Segmentation
Based on geography, the global factory automation and machine vision market can be segmented into North America, South America, Asia Pacific, Europe, and the Middle East and Africa. The Asia Pacific is the leading market for factory automation and machine vision systems. The growth of the region can be primarily attributed to the lucrative opportunities for market players in packaging, automotive, pharmaceutical, food processing, and other well-known industrial applications in the Asia Pacific region. As the Asia Pacific region is evolving as the global manufacturing hub, the factory automation and machine vision systems are expected to witness extensive adoption in the region. India, Japan, and China are leading countries that are expected to offer potential growth opportunities to emerging as well as well-established technology providers.
Industry News
Siemens, one of the largest engineering organizations in Europe, has now started to deliver advanced factory and industrial automation software and solutions. This organization stands for engineering, innovation excellence, and reliability. Siemens is a prominent provider of efficient infrastructure and energy solutions. The organization offers the most efficient automation solutions and software for different industry verticals. Siemens is considered one of the world’s biggest developers of resource-saving and energy-efficient technologies. The organization also delivers some other critical and valuable solutions, including clinical IT solutions, laboratory diagnostics, and medical imaging equipment.
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Table of Contents – Major Key Points
- Factory Automation and Machine Vision Product Definition
- Global Factory Automation and Machine Vision Market Manufacturer Share and Market Overview
- Manufacturer Factory Automation and Machine Vision Business Introduction
- Global Factory Automation and Machine Vision Market Segmentation (Region Level)
- Global Factory Automation and Machine Vision Market Segmentation (Product Type Level)
- Global Factory Automation and Machine Vision Market Segmentation (Industry Level)
- Global Factory Automation and Machine Vision Market Segmentation (Channel Level)
- Factory Automation and Machine Vision Market Forecast 2018-2023
Continued….
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