LATIN AMERICA MACHINE VISION MARKET 2021-2028

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CRI’s report states that the machine vision market in Latin America is anticipated to advance at a compound annual growth rate of 6.78% during the years 2021-2028.

SKU: TR-232-2019 Category: Tag:

Description

MARKET OUTLOOK

CRI’s report states that the machine vision market in Latin America is anticipated to advance at a compound annual growth rate of 6.78% during the years 2021-2028. Brazil, Mexico, and Rest of Latin America outline the market in this region.
Mexico has a well-established manufacturing sector in the region, attracting several investments across aerospace, automotive, electrical, electronic, and semiconductor. These investments are anticipated to increase the demand for machine vision systems across the region in the upcoming years. Further, the country is observing a boost in the automotive industry, with key companies like Honda, Nissan, and Mazda setting up new high-volume facilities in the country. Hence, such developments hold the potential to widen the growth of the machine vision market.
In Rest of Latin America, Chile and Peru are witnessing a surge in the industrial sectors owing to increasing foreign investments. As per World Bank, these countries are considered safe and stable economies, making them favorable among international companies. Earlier, the ATCO Group invested significantly in port infrastructure in Chile, stating its plan to adopt advanced control systems and automation technologies. Thus, such investments supplement the growth of the machine vision market across the region.

COMPETITIVE OUTLOOK

The key companies in the machine vision market consist of Allied Vision Technologies GmbH, Baumer Optronic GmbH, Jai AS, Flir Systems Inc, USS Vision Inc, Omron Corporation, and National Instruments Corporation.

TABLE OF CONTENTS

1. LATIN AMERICA MACHINE VISION MARKET – SUMMARY
2. INDUSTRY OUTLOOK
2.1. IMPACT OF COVID-19 ON MACHINE VISION MARKET
2.2. KEY INSIGHTS
2.2.1. INTEGRATING MACHINE VISION WITH CLOUD TECHNOLOGY
2.2.2. 3D IDENTIFICATION IS THE FASTEST EVOLVING TYPE
2.2.3. GROWING INTEREST IN AUTOMATION IN FOOD & PACKAGING APPLICATIONS
2.3. PORTER’S FIVE FORCES ANALYSIS
2.3.1. THREAT OF NEW ENTRANTS
2.3.2. THREAT OF SUBSTITUTES
2.3.3. BARGAINING POWER OF SUPPLIERS
2.3.4. BARGAINING POWER OF BUYERS
2.3.5. THREAT OF COMPETITIVE RIVALRY
2.4. KEY IMPACT ANALYSIS
2.4.1. ACCURACY
2.4.2. COST-EFFECTIVENESS
2.4.3. FLEXIBILITY
2.5. MARKET ATTRACTIVENESS INDEX
2.6. VENDOR SCORECARD
2.7. KEY MARKET STRATEGIES
2.7.1. ACQUISITIONS
2.7.2. PRODUCT DEVELOPMENTS
2.7.3. EXPANSIONS & INVESTMENTS
2.7.4. CONTRACTS & AGREEMENTS
2.8. MARKET DRIVERS
2.8.1. INCREASED NEED FOR SMART FACTORIES
2.8.2. WIDENING APPLICATIONS OF MV SYSTEMS
2.8.3. RISING NEED FOR PROPER DEFECT DETECTION
2.8.4. TREND OF MINIATURIZED PRODUCTS
2.9. MARKET CHALLENGES
2.9.1. COMPLICATIONS IN IMPLEMENTATION OF MV SYSTEMS
2.9.2. LACK OF STANDARDIZATION
2.10. MARKET OPPORTUNITIES
2.10.1. CONSTANT DEVELOPMENT OF CMOS IMAGE SENSORS
2.10.2. INDUSTRIAL INTERNET OF THINGS (IIOT) TO OFFER LUCRATIVE GROWTH OPPORTUNITIES
3. LATIN AMERICA MACHINE VISION MARKET OUTLOOK – BY TYPE
3.1. 1D IDENTIFICATION
3.2. 2D IDENTIFICATION
3.3. 3D IDENTIFICATION
4. LATIN AMERICA MACHINE VISION MARKET OUTLOOK – BY COMPONENTS
4.1. HARDWARE
4.1.1. ASMV
4.1.2. CAMERAS
4.1.3. SENSORS
4.1.4. ILLUMINATIONS
4.1.5. PROCESSORS
4.1.6. OTHER HARDWARE COMPONENTS
4.2. SOFTWARE
5. LATIN AMERICA MACHINE VISION MARKET OUTLOOK – BY APPLICATION
5.1. INSPECTION
5.2. GAUGING
5.3. GUIDANCE
5.4. IDENTIFICATION
5.5. OTHER APPLICATIONS
6. LATIN AMERICA MACHINE VISION MARKET OUTLOOK – BY VERTICALS
6.1. FOOD & PACKAGING
6.2. HEALTHCARE
6.3. ELECTRONICS
6.4. AUTOMOTIVE
6.5. OTHER VERTICALS
7. LATIN AMERICA MACHINE VISION MARKET – REGIONAL OUTLOOK
7.1. BRAZIL
7.2. MEXICO
7.3. REST OF LATIN AMERICA
8. COMPETITIVE LANDSCAPE
8.1. ALLIED VISION TECHNOLOGIES GMBH
8.2. BASLER AG
8.3. BAUMER OPTRONIC GMBH
8.4. COGNEX CORPORATION
8.5. DATALOGIC SPA
8.6. FLIR SYSTEMS INC
8.7. JAI AS
8.8. KEYENCE CORPORATION
8.9. OMRON MICROSCAN SYSTEMS INC
8.10. NATIONAL INSTRUMENTS CORPORATION
8.11. OMRON CORPORATION
8.12. OPTOTUNE AG
8.13. PERCEPTRON INC
8.14. TELEDYNE TECHNOLOGIES INC
8.15. USS VISION INC
9. RESEARCH METHODOLOGY & SCOPE
9.1. RESEARCH SCOPE & DELIVERABLES
9.2. SOURCES OF DATA
9.3. RESEARCH METHODOLOGY

TABLE LIST
TABLE 1: LATIN AMERICA MACHINE VISION MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 2: LATIN AMERICA MACHINE VISION MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 3: LATIN AMERICA MACHINE VISION MARKET, BY COMPONENTS, 2021-2028 (IN $ MILLION)
TABLE 4: LATIN AMERICA MACHINE VISION MARKET, BY HARDWARE COMPONENTS, 2021-2028 (IN $ MILLION)
TABLE 5: LATIN AMERICA MACHINE VISION MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)
TABLE 6: LATIN AMERICA MACHINE VISION MARKET, BY VERTICALS, 2021-2028 (IN $ MILLION)
TABLE 7: LATIN AMERICA MACHINE VISION MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

FIGURE LIST
FIGURE 1: PROCESS FLOW OF MACHINE VISION SYSTEM
FIGURE 2: KEY IMPACT ANALYSIS
FIGURE 3: MARKET ATTRACTIVENESS INDEX
FIGURE 4: LATIN AMERICA MACHINE VISION MARKET, TYPE OUTLOOK, 2020 & 2028 (IN %)
FIGURE 5: LATIN AMERICA MACHINE VISION MARKET, BY 1D IDENTIFICATION, 2021-2028 (IN $ MILLION)
FIGURE 6: LATIN AMERICA MACHINE VISION MARKET, BY 2D IDENTIFICATION, 2021-2028 (IN $ MILLION)
FIGURE 7: LATIN AMERICA MACHINE VISION MARKET, BY 3D IDENTIFICATION, 2021-2028 (IN $ MILLION)
FIGURE 8: LATIN AMERICA MACHINE VISION MARKET, COMPONENTS OUTLOOK, 2020 & 2028 (IN %)
FIGURE 9: LATIN AMERICA MACHINE VISION MARKET, BY HARDWARE COMPONENTS, 2021-2028 (IN $ MILLION)
FIGURE 10: LATIN AMERICA MACHINE VISION MARKET, HARDWARE COMPONENTS OUTLOOK, 2020 & 2028 (IN %)
FIGURE 11: LATIN AMERICA MACHINE VISION MARKET, BY ASMV, 2021-2028 (IN $ MILLION)
FIGURE 12: LATIN AMERICA MACHINE VISION MARKET, BY CAMERAS, 2021-2028 (IN $ MILLION)
FIGURE 13: LATIN AMERICA MACHINE VISION MARKET, BY SENSORS, 2021-2028 (IN $ MILLION)
FIGURE 14: LATIN AMERICA MACHINE VISION MARKET, BY ILLUMINATIONS, 2021-2028 (IN $ MILLION)
FIGURE 15: LATIN AMERICA MACHINE VISION MARKET, BY PROCESSORS, 2021-2028 (IN $ MILLION)
FIGURE 16: LATIN AMERICA MACHINE VISION MARKET, BY SOFTWARE, 2021-2028 (IN $ MILLION)
FIGURE 17: LATIN AMERICA MACHINE VISION MARKET, APPLICATION OUTLOOK, 2020 & 2028 (IN %)
FIGURE 18: LATIN AMERICA MACHINE VISION MARKET, BY INSPECTION, 2021-2028 (IN $ MILLION)
FIGURE 19: LATIN AMERICA MACHINE VISION MARKET, BY GAUGING, 2021-2028 (IN $ MILLION)
FIGURE 20: LATIN AMERICA MACHINE VISION MARKET, BY GUIDANCE, 2021-2028 (IN $ MILLION)
FIGURE 21: LATIN AMERICA MACHINE VISION MARKET, BY IDENTIFICATION, 2021-2028 (IN $ MILLION)
FIGURE 22: LATIN AMERICA MACHINE VISION MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)
FIGURE 23: LATIN AMERICA MACHINE VISION MARKET, VERTICALS OUTLOOK, 2020 & 2028 (IN %)
FIGURE 24: LATIN AMERICA MACHINE VISION MARKET, BY FOOD & PACKAGING, 2021-2028 (IN $ MILLION)
FIGURE 25: LATIN AMERICA MACHINE VISION MARKET, BY HEALTHCARE, 2021-2028 (IN $ MILLION)
FIGURE 26: LATIN AMERICA MACHINE VISION MARKET, BY ELECTRONICS, 2021-2028 (IN $ MILLION)
FIGURE 27: LATIN AMERICA MACHINE VISION MARKET, BY AUTOMOTIVE, 2021-2028 (IN $ MILLION)
FIGURE 28: LATIN AMERICA MACHINE VISION MARKET, BY OTHER VERTICALS, 2021-2028 (IN $ MILLION)
FIGURE 29: LATIN AMERICA MACHINE VISION MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 30: BRAZIL MACHINE VISION MARKET 2021-2028 (IN $ MILLION)
FIGURE 31: MEXICO MACHINE VISION MARKET 2021-2028 (IN $ MILLION)
FIGURE 32: REST OF LATIN AMERICA MACHINE VISION MARKET 2021-2028 (IN $ MILLION)

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Companies Mentioned

1. ALLIED VISION TECHNOLOGIES GMBH
2. BASLER AG
3. BAUMER OPTRONIC GMBH
4. COGNEX CORPORATION
5. DATALOGIC SPA
6. FLIR SYSTEMS INC
7. JAI AS
8. KEYENCE CORPORATION
9. OMRON MICROSCAN SYSTEMS INC
10. NATIONAL INSTRUMENTS CORPORATION
11. OMRON CORPORATION
12. OPTOTUNE AG
13. PERCEPTRON INC
14. TELEDYNE TECHNOLOGIES INC
15. USS VISION INC

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