Yole: Industrial machine vision market to grow at 15% CAGR to reach $2B in 2018

Yole Développement finds versatile detection, versatile inspection and compact 3D inspection to fuel most of the machine vision industrial market’s growth, driven by new low-end applications. Yole says from a non-industrial standpoint, all identified segments will sustain steady, high growth at a 15%+ CAGR; namely high-end IP surveillance, license plate recognition and automotive safety. Yole Développement estimates by 2018, the industrial machine vision market will reach nearly $2B. “Total industrial machine vision sales accounted for 1.2M cameras in 2012, a number expected to reach $2B in 2018, at an 8% CAGR. After moderate 1% growth in 2012 (a reflection of the economic downturn facing the global industry), an upturn is expected in the future, thanks to the automatization trend in Asian factories, new capital expenditures in the semiconductor industry and the emergence of new low-end applications,” explains Paul Danini, Technology & Market Analyst, Imaging Technologies & MEMS Devices, at Yole Développement. The key findings shared by the Yole in the machine vision systems market includes: Growth in the low-end segments will be driven by strong price erosion stemming from the commoditization of machine vision subsystems. Machine vision players’ main challenge will be how to gain market share in the dynamic low-end market segments while maintaining sustainable profita...