Market Trends of APAC Machine Vision Systems Industry
This section covers the major market trends shaping the APAC Machine Vision Systems Market according to our research experts:
Smart Camera-based Expected to Witness Significant Growth
- Smart camera-based products are gaining popularity in industries due to the high rate of product innovation and expansion of existing applications in many end-user industries. Also, Smart cameras have long eased the task of machine vision system design. The segment has witnessed continuous innovation in recent years, including models with larger image sensors, emerging embedded vision cameras that function as smart cameras, and new cameras capable of performing deep learning and AI tasks.
- The market witnessed innovations like image sensor resolution in smart cameras has increased, integrating much faster processors or embedded vision cameras with MIPI interfaces, and availability in color and monochrome options are increasingly witnessing in the market, which is also gaining popularity especially after the COVID-19 outbreak.
- Further innovations are driving the region. For instance, In May 2021, Taiwan-based edge computing company ADLINK Technology Inc launched the NEON-2000-JNX series, the industrial AI smart camera that incorporates NVIDIA's new Jetson Xavier NX module. The high performance, small form factor, and ease of development of the new camera pave the way for innovative AI vision solutions in manufacturing, logistics, retail, service, agriculture, smart cities, healthcare and life sciences, and other edge applications.
- Geographically, the Asia-Pacific region is expected to record significant growth in the machine vision systems market that includes smart cameras due to dominance in the global manufacturing market and growing investment in automation technologies in the regional manufacturing and industrial sectors.
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China to Witness Significant Growth
- China is rapidly becoming one of the significant markets for machine vision owing to automation and robotics. In China's machine vision industry, new terminology standards have been adopted. Also, The Chinese 'Machine Vision Industry Union' (CMVU) published the standard 'Terminology for Industrial Digital Cameras' and 'Terminology for Industrial Camera Lenses' in August 2020.
- Although the software segment is showing significant growth potential, the growing development in the overall sensor and semiconductor is also bringing development in the hardware section of the studied market. Companies like Sony are leading innovation in CMOS image sensors globally, even for manufacturing automation applications.
- Manufacturing firms across the country realize the benefits of machine vision systems, mainly where redundant tasks, like inspection, should be performed with precision. These play an essential role in high-speed production lines and hazardous environments. Some of the significant benefits offered by these systems include increased productivity, reduced machine downtime, and tighter process control.
- Further, Vision-guided robots are expected to evolve radically in the region, including electronics, automotive, transportation, and food processing industries. The 3D vision-guided technology mainly dominates these industries due to the massive demand for arc welding, cutting, and palletizing applications.
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