Factory Automation and Machine Vision Market : Business Overview and Global Development Trends

Information and communication technology (ICT) have become crucial to the social infrastructure, therefore systems that allow society to function more efficiently are increasingly needed. Machine vision (MV) is a technology that meets these expectations and controls the movement of machinery by processing visual information. Machine vision plays vital role of factory automation (FA) in industrial manufacturing. Moreover, machine vision has also extended its scope to the fields of medicine, security, and agriculture. The growth is mainly driven by the introduction of innovative image sensing devices and the development of computing technologies, including communication. With technological advancements, machine vision not only serves as a replacement for human vision but also handle multidimensional invisible information.

Get Sample Copy:

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2661

Machine vision (MV) uses automated technology for capturing images and transferring it to a PC. The captured images are then processed for inspection. A camera along with an image sensor is used to capture images, where in vision software analyzes it and information is communicated to the other equipment. Advancements in machine vision (MV) technology including vision-guided robotics and smart cameras have augmented the scope of the MV market with a broader application in the manufacturing sectors. These systems are utilized in applications such as manufacturing of semiconductor, pharmaceuticals, electronics, medical devices, automotive, packaging, and consumer goods.

Factory automation systems are used in discrete industry and process industry applications. Mexico factory automation and machine vision market is classified by technology into Industrial Control Systems (ICS), Enterprise Resource Planning (ERP), Manufacturing Execution System (MES), and Information Technology System (ITS). Different types of machine vision (MV) systems are PC-based, smart camera based and embedded based systems. Machine vision (MV) systems include various components such as camera, optics frame grabber and lighting, software and hardware.

Grab an exclusive PDF Brochure of this report:

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2661

The machine vision (MV) and factory automation (FA) is a promising trend in the manufacturing industry offering smart manufacturing setup. Factory Automation (FA) offers standard production, cost efficiency, quality, reliability and flexibility in the production process. The several devices and mechanical instruments are coupled with the IT systems or smart computing for the improved results in automation. Moreover, the software systems such as Enterprise Resource planning (ERP) are helping the Mexico factory automation market to extend their service offerings.

Proximity to the U.S. and Government of Mexico’s movement to augment manufacturing activities has fueled the factory automation (FA) and machine vision (MV) market to the new heights. Shifting of manufacturing base of automotive companies from China to Mexico and increased in foreign direct investment is also contributing to the growth of the market. Additionally, emerging applications such as Human Machine Interface (HMI), Heating Ventilation Air Conditioning (HVAC) systems, and electronic power distribution systems is further expected to fuel the demand of automation systems in the near future. Reduction in size of hardware along with decreasing price of sensors and components, embedded systems has seen reasonable growth. Emerging trend such as nanotechnology, nanotech sensors, machine-to-machine communication systems and Internet of things is further expected to escalate growth for the factory automation (FA) and machine vision (MV) market.

Request For Customization:

https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=2661

Market players are focused on offering product that communicate with multiple I/Os and serial and parallel interfaces. For instance, machine vision (MV) system developers are providing PC-based functionality coupled with motion control, data acquisition, and image-processing hardware and software. Moreover, companies such as Keyence Corporation and Panasonic Corporation provide developers a number of ways for their products to communicate with serial and parallel interfaces and multiple I/Os. Industrial-automation companies such as Omron are trying to get an edge in the machine-vision marketplace, whereas other machine-vision companies such as Coreco Imaging, Inc., Matrox Imaging, and National Instruments Corp. are leveraging their hardware and software expertise in a number of low-cost programmable machine-vision systems.

Some of the leading players in the market include ABB LTD (Switzerland), Siemens Ag (Germany), Rockwell Automation Inc (U.S.), Emerson Electric Company (U.S), Honeywell International Inc (U.S.), Johnson Controls Inc (U.S), General Electric Company (U.S.), Schneider Electric SA (France), Teledyne Dalsa Inc (Canada), Texas Instruments Inc (U.S), Eastman Kodak (U.S.) and Yokogawa Electric Corporation (Japan).

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

• North America
• Asia Pacific
• Europe
• Rest of the World

• Market growth drivers
• Factors limiting market growth
• Current market trends
• Market structure
• Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

• This report provides pin-point analysis for changing competitive dynamics
• It provides a forward looking perspective on different factors driving or restraining market growth
• It provides a six-year forecast assessed on the basis of how the market is predicted to grow
• It helps in understanding the key product segments and their future
• It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
• It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
• It provides distinctive graphics and exemplified SWOT analysis of major market segments