According to a report, "Global Machine Vision and Vision Guided Robotics Market (2010 - 2015)", the total market for international machine vision systems and components is anticipated to reach a value of 15.3 billion USD by 2015.
Of the total revenues, the market for smart camera and camera will account for roughly 27.3%. The machine vision systems and components market at the global level is expected to grow at a CAGR of 9.3% from 2010 to 2015.
The market for machine vision systems and components has progressed very quickly to meet the increase in demand for conventional and non-conventional applications. The machine vision systems have become more dominant with the recent progress in processing abilities and with the introduction of innovative interfaces and smart cameras.
The recent advancements have resulted in the reduction of operational complications and cost and an increase in processing power. It has thus increased the scope of utilizing machine vision technology for a wider application.
Currently, the Asia Pacific region tops the global market for machine vision system and component, which is growing at a CAGR of 11.1% from 2010 to 2015. This trend is expected to persist in the forecasted duration. The second major market for machine vision is the North American region.
The report also gives a detailed insight into the market trends and the crucial factors controlling market growth. It offers a detailed geographic analysis of the machine vision systems and component markets across Pacific, Europe, US, Asia, and Rest of the World (ROW). A competitive outline of the global machine vision market is also presented in the report. The report compares the numerous marketing and technological strategies used by major players in order to score over their competitors.
Source: http://www.marketsandmarkets.com