Analysis of the Global Industrial Machine Vision Market- Executive Summary


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Analysis of the Global Industrial Machine Vision Market- Executive Summary

  1. 1. Analysis of the Global Industrial Machine Vision Market Recovery of Traditional Markets to Spur Demand NAFB-30 December 2012
  2. 2. ContentsSection Slide Numbers Executive Summary 4 Market Overview 9 Total Industrial Machine Vision Market -- • External Challenges: Drivers and Restraints 16 • Forecasts and Trends 25 • Market Share and Competitive Analysis 42 Vision Systems Segment Breakdown 47 Industrial Cameras Segment Breakdown 53 Frame Grabbers Segment Breakdown 61 Optics and Illumination Segment Breakdown 67 Machine Vision Software Segment Breakdown 73 North America Breakdown 79 Europe Breakdown 85 Asia-Pacific Breakdown 91 Rest of World Breakdown 97 The Last Word (Conclusions and Implications) 103 Appendix 106NAFB-30 2
  3. 3. Executive SummaryNAFB-30 3
  4. 4. Executive SummaryThe global machine vision inspection market has undergone a period of recovery andadjustment in 2011. The lows of 2009 were quickly followed by unprecedented growth in2010, resulting in a stable market primed for strong growth and expansion.Research indicates that the global market for industrial machine vision inspection systemsgenerated revenue of $4.37 billion in 2011 at a compound annual growth rate (CAGR) of 9.1percent from 2011 to 2016.The vision systems segment accounted for 49.2 percent of total market revenue in 2012. Therapid deployment and penetration of smart cameras in every application market has aidedconsiderably in driving revenue for this product segment.Research indicates that the electronics and semiconductor end-user segment accounted forthe greatest revenue in 2011—36.7 per cent of total market revenue.The competitive landscape of the machine vision market is complex and fragmented,comprising machine vision component manufacturers, system integrators, systemdevelopers, and distributors. Source: Frost & Sullivan analysis.NAFB-30 4
  5. 5. Executive Summary—Market Engineering Measurements Total Industrial Machine Vision Market: Global, 2011 Market Overview Average Price Average Price Per Market Size for Per Unit— Market Stage Market Revenue Unit—Frame Last Year of Industrial Grabbers Study Period Cameras $750 to $400 to Mature $4.37 B $6.75 B $10,000 $2,500 (2011) (2016) Base Year Compound Degree of Customer Price Market Market Growth Annual Growth Technical Sensitivity Concentration Rate Rate Change 6.8% 9.1% 7 9 13.0% (% of market share held by (CAGR, 2011–2016) (scale:1 [Low] to 10 [High]) (scale:1 [Low] to 10 [High]) top 4 companies)Note: Being the most critical components, key metrics have been provided only for cameras and frame grabbers. For a tabular version click here. Decreasing Stable Increasing Note: All figures are rounded. The base year is 2011. Source: Frost & Sullivan analysis. NAFB-30 5
  6. 6. Executive Summary—Market Engineering Measurements (continued)Competitor Overview Total Addressable Market Number of Number of Replacement Replacement Number of Companies that Companies that Rate—Industrial Rate—Frame Competitors Exited* Entered* Cameras Grabbers 1 to 2 2 to 3 50 to 75 0 0 Years Years(active market competitors in (average period of unit (average period of unit base year) (2011) (2011) replacement) replacement)Industry Advancement Average Average Product Product R&D Spend as a Marketing Spend Development Development Per Cent of as a Per Cent of Time—Frame Time-Industrial Market Revenue Market Revenue Grabbers Cameras 6 to 24 6 to 12 13.0% to 10.0% to Months Months 15.0% 12.0%Decreasing Stable Increasing *Companies with revenue greater than $10.0 M. Note: All figures are rounded. The base year is 2011. Source: Frost & Sullivan analysis. NAFB-30 6
  7. 7. Executive Summary—CEO’s Perspective Market recovery post-recession has 1 been strong. The camera product segment has the 2 greatest growth potential. Growth in Asia-Pacific has not been as 3 significant as anticipated. Markets and applications for machine 4 vision are expanding consistently. The evolution of standards and 5 technologies continues at a rapid pace. Source: Frost & Sullivan analysis.NAFB-30 7
  8. 8. Market OverviewNAFB-30 8
  9. 9. Market Overview—Definitions In comparison to other industrial monitoring and inspection technologies, the machine vision market is a relatively young discipline. Machine vision technologies were first used for military inspection applications in the 1940s and 1950s, until advancements led to rapid commercialisation of these solutions in the 1980s and 1990s. Similar to human inspectors working on a production line, a machine vision system is used for high-speed analysis of digital images using a combination of electronic, lighting, optic, software, and automation technology. For the purpose of this study, the global industrial machine vision market includes application of vision technology to industrial applications such as manufacturing and production environments. Nonindustrial applications, such as traffic surveillance, security, and medical diagnostics, have not been included in the scope of this research. All references to revenue are in U.S. dollars. Source: Frost & Sullivan analysis.NAFB-30 9
  10. 10. Market Overview—Definitions (continued)For the purpose of this research, Frost & Sullivan has analysed the market for machine vision systems andcomponents.Vision systems—These systems include machine visions systems that are application specific and basedon personal computers (PCs), as well as standalone, fully integrated systems such as smart cameras,embedded vision processors, and vision sensors.Industrial Cameras—In a typical machine vision application, the camera is positioned on the productionline to capture the image of the part to be inspected. This is the most critical component of the system. Thissegment includes analogue and digital cameras. Smart cameras are not included.Optics and illumination system—Optics typically use lenses to focus the image of the object, while theillumination or lighting system illuminates an object for viewing by the lens or camera.Image-acquisition system, or frame grabber—The main purpose of the frame grabber is to interface withthe camera and capture the camera’s output to transfer data to a computer.Machine vision software—Once the data are transferred to a computer, sophisticated software is used toanalyse and manipulate the image, extract information, and generate decisions based on those images. Source: Frost & Sullivan analysis.NAFB-30 10
  11. 11. Market Overview—Definitions (continued)End user segments covered in this research include:Automotive—includes the automotive industry as well as industries involved in the automotive supplychainElectronics and Semiconductor—includes electronics, semiconductors, and manufacturing of surfacemount technology (SMT)/printed circuit boards (PCB)Medical Devices—includes the medical device manufacturing industryFood and Beverage—includes the food and beverage manufacturing and packaging applicationsPharmaceutical—includes the pharmaceutical manufacturing and packaging applicationsOthers—includes solar cells, flat panels, consumer products, and process industriesGeographic regions covered in this research include:North America—the United States and CanadaEurope—countries in Western and Eastern Europe, including RussiaAsia-Pacific (APAC)—countries on the western border of the Pacific ocean, including those on the Indo-Chinese peninsula and the Pacific islands, and Central AsiaRest of World—includes Latin America (Brazil, Mexico, Argentina, and Central and South America); theCaribbean Islands; the Middle East; Africa; and any regions not previously mentioned Source: Frost & Sullivan analysis.NAFB-30 11
  12. 12. Market Overview—Key Questions This Study Will Answer Is the machine vision inspection market growing, how long will it continue to grow, and at what rate? What are the key growth drivers and restraints for the market? Are there any potential future challenges that could restrict growth of this market? Who are the leading participants and their market share? Did the economic downturn have an impact on the competitive positioning of the market participants? Which regions are expected to provide the greatest growth potential for the future? Can North America sustain its position as a key revenue contributor in the face of rising global competition? Are the products offered today meeting customer needs, or is additional development needed? Which applications and industries will drive demand for machine vision? Will the traditional end-user segments continue to be the biggest revenue generators? Source: Frost & Sullivan analysis.NAFB-30 12
  13. 13. Market Overview—Segmentation Per Cent Sales Breakdown Total Industrial Machine Vision Market: Global, 2011 Optics and Machine Vision Illumination Software Systems 2.7% 9.2% Frame Grabbers 3.6% Vision Systems 49.2% Industrial Cameras 35.3% Note: All figures are rounded. The base year is 2011. Source: Frost & Sullivan analysis.NAFB-30 13
  14. 14. Market Overview—Distribution Channels Key Takeaway: Companies use multiple channels to reach customers. Total Industrial Machine Vision Market: Distribution Channel Analysis: Global, 2011 35.0% 25.0% Component Manufacturers Integrators Distributors 40.0% Direct Sales System Developers Value-added Resellers End User Source: Frost & Sullivan analysis.NAFB-30 14
  15. 15. For Additional InformationJeannette GarciaCorporate CommunicationsMeasurement & Instrumentation(210) 477- 8427Jeannette.Garcia@frost.comNAFB-30 15