Chinese Machine Vision System Market Ranks Third Globally, According to Topical Report by ResearchInChina Available at MarketPublishers.com20 Apr 2016 • by Natalie Aster
LONDON – As of 2015, the worldwide market for machine vision systems amounted to USD 4.2 billion, witnessing 10.5% YoY growth. Nowadays, the US and Japan rank the first and the second country-wise markets for machine vision systems; the US only accounted for a 50% share of the global market in 2015.
In the meantime, the Chinese machine vision systems market has been gaining traction since 2009, and currently is the third major country-wise machine vision systems market worldwide. In 2015, the domestic market value stood at around USD 350 million. Between 2016 and 2020, the Chinese market for machine vision systems is likely to further expand at a 20% growth rate.
Chinese companies due to a lack of advantages regarding software and hardware, make emphasis on equipment manufacturing and machine vision system integration. Meanwhile, the foreign vendors dominate the industry chain ranging from core components to system integration. Presently, the US and Japanese machine vision vendors act as the global absolute leaders.
The insightful research report “Global and China Machine Vision System Industry Report, 2016-2020” by ResearchInChina provides a whole picture of the worldwide and Chinese machine vision systems market. The research report is an unrivalled source of data on the market size, structure, segmentation, patents, development scenario, cost structures, current and future possible trends. The competitive environment of the market is examined here and profiles of the main foreign and Chinese machine vision systems vendors are also provided. This valuable research study explores the market performance across various regions and includes market forecasts up till 2020.
To find more reports by our market research partner follow to ResearchInChina page.