LATIN AMERICA MACHINE VISION MARKET 2022-2028

LATIN AMERICA MACHINE VISION MARKET 2022-2028

MARKET OUTLOOK

Latin America’s market for machine vision is predicted to depict growth, with a CAGR of 7.39% in the forecasting duration from 2022 to 2028, according to a report by Triton Market Research. Mexico, Brazil, and Rest of Latin America together shape the market in this region.

The increasing awareness about advanced manufacturing, rising demand from major verticals, and the increasing consumer-centric attitude of manufacturers are primarily driving the growth of the smart factory trend in this region. This has largely contributed to the demand for machine vision systems. The growing penetration of IT is also driving the application of machine vision systems and sensors in smart factories. This translates into major growth for the machine vision market in Latin America over the forthcoming years.

Brazil is boosting its industrial production output, power capacity, distribution infrastructure, and enhancing transmission to cater to the needs of its emerging economy. Similarly, it is anticipated that the increasing investments across the country, by global players and the government, in the automotive, utilities, and oil & gas industries will drive the deployment of machine vision systems and solutions. In addition, Mexico also has a well-established manufacturing sector. The nation is attracting huge investments in automotive, aerospace, electronics & electrical, and semiconductor industries, among others, as a share of FDI. These growing investments are anticipated to spur the demand for machine vision in the country, thereby boosting the growth of the market studied.

COMPETITIVE OUTLOOK

The major players operating in the machine vision market include Omron Corporation, Isra Vision AG, Allied Vision Technologies GmbH, Perceptron Inc, USS Vision, Datalogic SpA, Jai AS, and Basler AG.


1. LATIN AMERICA MACHINE VISION MARKET – SUMMARY
2. INDUSTRY OUTLOOK
2.1. IMPACT OF COVID-19 ON THE MACHINE VISION INDUSTRY
2.2. KEY INSIGHTS
2.2.1. INTEGRATION OF MACHINE VISION WITH CLOUD TECHNOLOGY
2.2.2. 3D MEASUREMENT IS THE FASTEST EVOLVING TYPE
2.2.3. GROWING INTEREST FOR AUTOMATION IN INDUSTRIAL 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. KEY MARKET STRATEGIES
2.6.1. ACQUISITIONS
2.6.2. PRODUCT DEVELOPMENTS
2.6.3. INVESTMENTS & EXPANSIONS
2.7. MARKET DRIVERS
2.7.1. INCREASED NEED FOR SMART FACTORIES
2.7.2. WIDENING APPLICATIONS OF MV SYSTEMS
2.7.3. RISING NEED FOR PROPER DEFECT DETECTION
2.7.4. GROWING TREND OF MINIATURIZED PRODUCTS
2.8. MARKET CHALLENGES
2.8.1. LACK OF EXPERTISE
2.8.2. UNAWARENESS ABOUT THE BENEFITS OF MV SYSTEMS
2.8.3. COMPLICATIONS IN IMPLEMENTATION OF MV SYSTEMS
2.8.4. LACK OF STANDARDIZATION
2.9. MARKET OPPORTUNITIES
2.9.1. CONSTANT DEVELOPMENTS IN CMOS IMAGE SENSORS
2.9.2. INDUSTRIAL INTERNET OF THINGS (IIOT) TO OFFER LUCRATIVE GROWTH OPPORTUNITIES
3. LATIN AMERICA MACHINE VISION MARKET OUTLOOK – BY TYPE
3.1. 1D MACHINE VISION
3.2. 2D MACHINE VISION
3.3. 3D MACHINE VISION
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. AUTOMOTIVE
6.2. ELECTRONICS & SEMICONDUCTORS
6.3. HEALTHCARE
6.4. FOOD & PACKAGING
6.5. OTHER VERTICALS
7. LATIN AMERICA MACHINE VISION MARKET – COUNTRY OUTLOOK
7.1. BRAZIL
7.2. MEXICO
7.3. REST OF LATIN AMERICA
8. COMPETITIVE LANDSCAPE
8.1. COGNEX CORPORATION
8.2. ALLIED VISION TECHNOLOGIES GMBH
8.3. BASLER AG
8.4. TELEDYNE TECHNOLOGIES INCORPORATED
8.5. BAUMER ELECTRIC AG
8.6. DATALOGIC SPA
8.7. USS VISION
8.8. KEYENCE CORPORATION
8.9. FLIR SYSTEMS INC
8.10. JAI AS
8.11. PERCEPTRON INC
8.12. OPTOTUNE AG
8.13. ISRA VISION AG
8.14. OMRON CORPORATION
8.15. NATIONAL INSTRUMENTS CORPORATION
9. RESEARCH METHODOLOGY & SCOPE
9.1. RESEARCH SCOPE & DELIVERABLES
9.2. SOURCES OF DATA
9.3. RESEARCH METHODOLOGY
LIST OF TABLES
TABLE 1: LATIN AMERICA MACHINE VISION MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: LATIN AMERICA MACHINE VISION MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 3: LATIN AMERICA MACHINE VISION MARKET, BY COMPONENTS, 2022-2028 (IN $ MILLION)
TABLE 4: LATIN AMERICA MACHINE VISION MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
TABLE 5: LATIN AMERICA MACHINE VISION MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 6: LATIN AMERICA MACHINE VISION MARKET, BY VERTICALS, 2022-2028 (IN $ MILLION)
TABLE 7: LATIN AMERICA MACHINE VISION MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
LIST OF FIGURES
FIGURE 1: PROCESS OF MACHINE VISION
FIGURE 2: KEY IMPACT ANALYSIS
FIGURE 3: MARKET ATTRACTIVENESS INDEX
FIGURE 4: LATIN AMERICA MACHINE VISION MARKET, BY TYPE, 2021 & 2028 (IN %)
FIGURE 5: LATIN AMERICA MACHINE VISION MARKET, BY 1D MACHINE VISION, 2022-2028 (IN $ MILLION)
FIGURE 6: LATIN AMERICA MACHINE VISION MARKET, BY 2D MACHINE VISION, 2022-2028 (IN $ MILLION)
FIGURE 7: LATIN AMERICA MACHINE VISION MARKET, BY 3D MACHINE VISION, 2022-2028 (IN $ MILLION)
FIGURE 8: LATIN AMERICA MACHINE VISION MARKET, BY COMPONENTS, 2021 & 2028 (IN %)
FIGURE 9: LATIN AMERICA MACHINE VISION MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
FIGURE 10: LATIN AMERICA MACHINE VISION MARKET, BY HARDWARE, 2021 & 2028 (IN %)
FIGURE 11: LATIN AMERICA MACHINE VISION MARKET, BY ASMV, 2022-2028 (IN $ MILLION)
FIGURE 12: LATIN AMERICA MACHINE VISION MARKET, BY CAMERAS, 2022-2028 (IN $ MILLION)
FIGURE 13: LATIN AMERICA MACHINE VISION MARKET, BY SENSORS, 2022-2028 (IN $ MILLION)
FIGURE 14: LATIN AMERICA MACHINE VISION MARKET, BY ILLUMINATIONS, 2022-2028 (IN $ MILLION)
FIGURE 15: LATIN AMERICA MACHINE VISION MARKET, BY PROCESSORS, 2022-2028 (IN $ MILLION)
FIGURE 16: LATIN AMERICA MACHINE VISION MARKET, BY OTHER HARDWARE COMPONENTS, 2022-2028 (IN $ MILLION)
FIGURE 17: LATIN AMERICA MACHINE VISION MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)
FIGURE 18: LATIN AMERICA MACHINE VISION MARKET, BY APPLICATION, 2021 & 2028 (IN %)
FIGURE 19: LATIN AMERICA MACHINE VISION MARKET, BY INSPECTION, 2022-2028 (IN $ MILLION)
FIGURE 20: LATIN AMERICA MACHINE VISION MARKET, BY GAUGING, 2022-2028 (IN $ MILLION)
FIGURE 21: LATIN AMERICA MACHINE VISION MARKET, BY GUIDANCE, 2022-2028 (IN $ MILLION)
FIGURE 22: LATIN AMERICA MACHINE VISION MARKET, BY IDENTIFICATION, 2022-2028 (IN $ MILLION)
FIGURE 23: LATIN AMERICA MACHINE VISION MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $ MILLION)
FIGURE 24: LATIN AMERICA MACHINE VISION MARKET, BY VERTICALS, 2021 & 2028 (IN %)
FIGURE 25: LATIN AMERICA MACHINE VISION MARKET, BY AUTOMOTIVE, 2022-2028 (IN $ MILLION)
FIGURE 26: LATIN AMERICA MACHINE VISION MARKET, BY ELECTRONICS & SEMICONDUCTORS, 2022-2028 (IN $ MILLION)
FIGURE 27: LATIN AMERICA MACHINE VISION MARKET, BY HEALTHCARE, 2022-2028 (IN $ MILLION)
FIGURE 28: LATIN AMERICA MACHINE VISION MARKET, BY FOOD & PACKAGING, 2022-2028 (IN $ MILLION)
FIGURE 29: LATIN AMERICA MACHINE VISION MARKET, BY OTHER VERTICALS, 2022-2028 (IN $ MILLION)
FIGURE 30: LATIN AMERICA MACHINE VISION MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 31: BRAZIL MACHINE VISION MARKET 2022-2028 (IN $ MILLION)
FIGURE 32: MEXICO MACHINE VISION MARKET 2022-2028 (IN $ MILLION)
FIGURE 33: REST OF LATIN AMERICA MACHINE VISION MARKET 2022-2028 (IN $ MILLION)

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