MACHINE VISION FOR INDUSTRY AND AUTOMATION - MARKET UPDATE

Machine vision, a growing market driven by industrial and automation applications

Extracted from: Machine Vision for Industry and Automation 2021, Yole Développement

OUTLINE:

  • Market forecasts:
    The global industrial and automation camera market expands to US$5.5 billion in 2026, at 7.4% CAGR.
    Yole’s forecast is for 5.0 million units MV cameras in 2026.
    Yole’s forecast is for about 26.9 million units ADC camera modules in 2026.
  • Technology trends:
    CIS is now dominating the industrial vision market, with 86% of market sales in 2020.
    CCD will remain some niche markets.
  • Supply chain:
    Keyence remains the biggest camera player with a market share of 17.0%.
    This company is followed by Cognex (14.0%) and FLIR (9.0%).
    Latest news: FLIR brings machine vision cameras to Teledyne’s portfolio. Read Yole’s article on i-Micronews.
    The rest players are also focusing on different area of industrial with high competition each other.
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“The displacement of CCD by CIS has favored volume growth of the machine vision market”. asserts Richard Liu, Technology and Market Analyst in the Photonics, Sensing & Display division at Yole Développement (Yole). “This greatly simplifies the complexity of the industrial cameras. Compact cameras, including smart cameras, can more easily be developed and are more suitable for use in various industrial environments”.
Indeed, Yole expects the global industrial camera market to expand from US$3.6 billion in 2020 to US$5.5 billion in 2026, at 7.4% CAGR.

In this context, Yole investigates disruptive technologies and related markets in order to point out the latest innovations and underline the business opportunities.
Released today, the Machine Vision for Industry and Automation 2021 report includes market trends and forecasts, supply chain, technology trends, technical insights and analysis, take away and outlook. This study also delivers an in-depth understanding of the ecosystem and main players’ strategies at camera and image sensor level.
What are the economic and technological challenges of the machine vision for industry and automation applications? What are the key drivers? Who are the key players to watch, and what innovative technologies are they working on?
Yole presents today its vision of the machine vision for industry and automation.

As analyzed by Yole’s team in the new Machine Vision for Industry and Automation 2021 report, Yole estimates that CIS now account for over 86% of the industrial camera market. The development of other imaging modalities such as 3D technology and multi-spectral imaging in industrial cameras promotes diversification in the application of machine vision in the industry, the penetration of new technologies will therefore increase further. In a virtuous circle scenario, the applications for machine vision products are becoming more extensive. This behind-the-scenes technology further promotes the overall development of consumer electronics manufacturing, automotive manufacturing and other manufacturing industries, while improving manufacturing accuracy, meaning that the demand for machine vision technology will continue to increase. Each country and region’s upgrading of industry, including Industry 4.0, will greatly accelerate the development of automation and promote the development of machine vision.

The COVID-19 pandemic accelerated e-commerce dominance which heavily rely on logistic automation.
According to Pierre Cambou, Principal Analyst in the Photonics and Sensing Division at Yole:
“Furthermore, in the context of robotization of industrial and logistic processes vision guided robots also have a card to play. Be the inspection, counting, positioning, or picking for example, a rising impulse for their adoption leads the robotic industry and the subsequent machine vision market to even further heights”.
Autonomous vehicles are capable of sensing their environment and operating without human involvement. And that’s not just passenger cars, but other autonomous vehicles, such as logistics trucks, and all kinds of autonomous moving tools that require multiple vision cameras to recognize surrounding objects. These products are driven by machines instead of human beings, which will be revolutionary and will further develop the market for machine vision. Yole estimates that the cameras in this area will become a significant segment reaching US$211 million in 2026 with a CAGR of 43%.

All year long, Yole Développement publishes numerous imaging-related reports and the CMOS Image Sensor Quarterly Market Monitor.
In addition, experts realize various key presentations and organize key conferences. More information on i-Micronews.
In this regard, the market research and strategic consulting company will participate to the “Post pandemic market insights in CIS industry” presentation at Image Sensors Europe 2021on March 1, 2021, 11:00 AM. Register today on i-Micronews.
In addition, discover Yole’s analysts’ presentation during the Machine Vision & IR for Industry Forum 2020, taking place in China last September: click on i-Micronews.
Make sure to be aware of the latest news coming from the imaging industry and get an overview of our activities, including interviews with leading companies and more on i-Micronews. Stay tuned!

Acronyms:
CAGR: Compound Annual Growth Rate
ADC: Automated Data Capture
CIS: Complementary metal oxide semiconductor Image Sensors
CCD: Charge Coupled Devices


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