Machine Vision Market To Witness Growth Based On Enhanced Demand In Automotive, Food & Beverage, Pharmaceutical & Chemical Segments Till 2025: Grand View Research, Inc.

The global Machine Translation Market is expected to reach USD 983.3 million by 2022, according to a new study by Grand View Research, Inc. Technological advancements have led to the development of sophisticated translation technology with minimal errors and grammatical coherence, which has considerably widened the scope for machine translation. The ability to rapidly, seamlessly and cost-effectively translate documents and content in regional languages has spurred the machine translation market over the past few years.

The provision of machine translation Software-as-a-Service (MTSaaS) over secure cloud offerings hosted in data centers is expected to offer substantial growth opportunity for the market. Increasing prominence of cloud computing has resulted in growing demand for cloud-based translation tools, which is further expected to boost the machine translation market. Constant R&D and technological advancements have enabled the technology to seamlessly integrate into a range of products from enterprise-level systems to consumer devices. Upgrading of communication networks and the rising proliferation of smartphones has led to the introduction of machine translation apps that provide instant translation of multilingual text.

Browse full research report on Machine Translation Market: http://www.grandviewresearch.com/industry-analysis/machine-translation-market       

Further key findings from the study suggest:

  • Electronics and automotive industries are expected to gain significant market share by 2022. Application of machine translation in healthcare is expected to gain market share over the next six years. The need for accurate and timely translation of a large amount of content is expected to drive demand in various application industries.
  • Training of SMT-based translation engines consists of feeding in millions of segments of glossaries, bilingual texts, etc. for the engine to learn by examples. The demand for SMT has significantly increased over the past few years, due to its effectiveness over RBMT in terms of time and cost. It is also expected to remain the largest technology market through 2022.
  • Government initiatives and the presence of a large number of service providers has helped boost market growth in the U.S. Microsoft and Google, two of the largest technology providers based in the U.S., have made statistical machine translation technology popular with their free online engines.
  • Machine translation providers often sell products through their own websites or indirectly through a network of specialist sales agents. Most providers prefer having a direct sales force to market and sell their offerings. MT solutions are available as commercial software solutions (e.g., SYSTRAN Enterprise Server and SDL BeGlobal) or as free, web-based applications (e.g., Microsoft Bing Translator and Google Translate).

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

For the purpose of this study, Grand View Research has segmented the global machine translation market on the basis of application, technology, and region:

Machine Translation Application Outlook (Revenue, USD Million, 2012 – 2022)

  • Automotive
  • Military & Defense
  • Electronics
  • IT
  • Healthcare
  • Others

Machine Translation Technology Outlook (Revenue, USD Million, 2012 – 2022)

  • RBMT
  • SMT
  • Others

Machine Translation Regional Outlook (Revenue, USD Million, 2012 – 2022)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-machine-translation-market                   

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: http://www.grandviewresearch.com

Human Machine Interface Market Is Projected To Grow Rapidly Due To Growing Adoption Of Industrial Automation Equipment In The Manufacturing Sector Till 2022: Grand View Research, Inc.

The global Human Machine Interface (HMI) market is expected to reach USD 6.31 billion by 2022, according to a new report by Grand View Research, Inc. Advancement in HMI programming software in order to incorporate ability for managing multi-vendor environment is anticipated to escalate industry growth over the next few years. Benefits offered such as remote operation coupled with the widespread usage of HMIs across oil & gas and water treatment plant for operating in harsh conditions may also elevate product demand significantly. This has also instigated vendors to manufacture devices with better wear and tear property.

Growing trend towards protocol conversion to exchange data between all connected devices is estimated to further catalyze human machine interface industry growth. Technological development such as open platform architecture resulting in improvement of the migration process is also anticipated to fuel demand considerably over the forecast period.

High upfront capital and need for change in business process to integrate HMIs are key challenges anticipated to impact the industry. In addition, lack of skilled professionals and awareness on HMIs among management and lower level executives may also pose a challenge to market growth over the coming years.

Browse full research report on Human Machine Interface Market: http://www.grandviewresearch.com/industry-analysis/human-machine-interface-market

Further key findings from the report suggest:

  • Interface software market accounted for substantial revenue share in 2014. The segment is also anticipated to exhibit high growth with an estimated CAGR exceeding 10% over the next few years. This may be attributed to the increasing adoption of PC- based open source monitoring and controlling system worldwide.
  • Development of new and innovative displays along with emergence of industrial internet of things may contribute towards further growth in the display terminal segment.
  • Oil & gas emerged as the dominant application and accounted for over 20% of the overall revenue in 2014. This may be attributed to increasing demand from the oil & gas sector owing to the benefits offered by HMI regarding the flow of information inside a pipeline without updated monitoring capabilities for overcoming a particular problem.
  • HMI offers several benefits regarding driver safety and security by integrating solutions such as ADAS, ACC and LDW, which are expected to drive demand in the automotive industry.
  • North America HMI market is estimated to hold majority share and accounted for more than 30% of the consumption in 2014. Additionally, Asia Pacific is anticipated to exhibit high growth over the next few years. This may be attributed to the migration of manufacturing processes to developing regions in order to capitalize on labor cost and high availability of raw materials in this region.
  • Companies operating in the industry include GE, Eaton, ABB, Honeywell, Siemens, Omron, Rockwell Automation, Emerson Electric, etc.

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/electronic-devices

Grand View Research has segmented the global Human Machine Interface (HMI) market on the basis of product, application and region:

HMI Product Outlook (Revenue, USD Million, 2012 – 2022)

  • Display Terminals
  • Interface Software
  • Industrial PCs

HMI Application Outlook (Revenue, USD Million, 2012 – 2022)

  • Automotive
  • Healthcare
  • Food & Beverages
  • Oil & Gas
  • Packaging
  • Aerospace & Defense

HMI Regional Outlook (Revenue, USD Million, 2012 – 2022)

  • North America
  • Europe
  • Asia Pacific
  • RoW

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-human-machine-interface-market                

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: http://www.grandviewresearch.com

Machine Vision Market Will Witness Growth Based On Need For Vision-Guided Robotic Systems Across Automotive, Food & Beverage, Pharmaceutical Industries Till 2025:Grand View Research,inc.

The global machine vision market is expected to reach USD 19.22 billion by 2025, according to a new report by Grand View Research, Inc. The ability of machine vision systems to process a large amount of information in a fraction of seconds is a major factor driving the market growth. The quick processing ability of machine vision systems is paving the way for manufacturers to achieve new milestones in manufacturing products with negligible defects. Moreover, the increasing adoption of robots across industrial sectors is leading toward the application of vision-guided robotic systems. Industrial verticals, such as automotive, pharmaceutical, packaging, and food & beverage, are prominent sectors where robotic systems are used, eventually fueling the demand for machine vision systems.

The machine vision technology encompasses various components in order to capture images of products to analyze them depending on different parameters of quality and safety. The technology is a combination of software and hardware that provides operational control to devices to execute functions such as capturing and processing of images and measuring various characteristics required for decision making. Major components of the system comprise lighting, lens, image sensors, vision processing, and communication devices. Machine vision systems assist in resolving complicated industrial tasks with reliability.

Industrial machine vision systems are usually more robust and demand high reliability, stability, and accuracy as compared to those used in institutional or educational applications. They cost lesser than systems used in military, aerospace, defense, and government applications. These factors are expected to lead to a greater adaptability of the technology in industrial sectors. In addition, the robotic vision systems used across the industries are also leading to the increasing adoption of the technology, thereby strengthening the overall market.

The technology has proven to be of key importance in the area of manufacturing and quality control, owing to the increasing need for quality inspection and production. In addition, the growing automation in industrial segments is also facilitating the growth of the market worldwide at a considerable rate.

The technology has been witnessing extensive developments and innovative upgrades since its emergence. Several factors, such as the growing inception of the technology and increasing need for quality products, are influencing the market growth. Furthermore, machine vision systems are gaining traction in the medical and healthcare applications at a considerable pace. The analysis of medical images and robotic applications for carrying various medical activities are the key roles of the technology in these sectors.

The Asia Pacific region contributed to the largest market share in 2015, which can be attributed to ample opportunities offered on account of large manufacturing practices carried out in the region. Countries such as China, Japan, South Korea, and India are considered to be potential markets for upcoming technologies, including machine vision. The region’s huge industrial expansion has been contributing to the prosperity and development of various innovations and the adoption of different technologies significantly.

In addition, factors such as increasing focus on developments and expenditures in vision-related research activities along with the growing manufacturing base in the region are expected to spur the technology market growth in Asia Pacific, in turn boosting the overall market at a notable pace. The market is anticipated to exhibit the fastest growth of 10.4% over the forecast period.

The industry is facing challenges due to lack of awareness among users about the rapidly advancing machine vision technology. Moreover, the complexity of integrating machine vision systems are the major difficulties being faced by manufacturers, which is also restraining the smoother growth of the industry.

Browse full research report on Machine Vision Market: http://www.grandviewresearch.com/press-release/global-machine-vision-market

Further key findings from the report suggest:

  • The global machine vision technology market was valued at USD 9.10 billion in 2016 and is projected to grow at a CAGR of 8.5% from 2017 to 2025.
  • The PC-based system segment accounted for the largest market size in 2016 and is estimated to generate USD 10.48 billion by 2025.
  • The identification application segment is anticipated to exhibit the fastest growth rate over the forecast period followed by positioning and guidance applications.
  • The European machine vision market is estimated to attain USD 4.47 billion by 2025.
  • The industry is expected to witness a substantial growth in the Asia Pacific region over the next decade. This growth is witnessed in the wake of ample opportunities offered due to the presence of large manufacturing hubs in prominent countries (across the food and packaging, automotive, pharmaceutical, industrial, and consumer electronic sectors) such as China and Japan. The regional market is expected to grow at a CAGR of 10.4% from 2017 to 2025.
  • The prominent companies in the industry include Allied Vision Technologies GmbH (Germany), Basler AG (Germany), Cognex Corporation (U.S.), Keyence Corporation (Japan), National Instruments (U.S.), Omron Corporation (Japan), Machine Vision Technology (UK), and Microscan Systems (U.S.).

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/technology

Grand View Research has segmented the global machine vision market based on offering, products, applications, and regions:

Machine Vision Offering Outlook (Revenue, USD Million; 2014 – 2025)

  • Hardware
  • Software

Machine Vision Product Outlook (Revenue, USD Million; 2014 – 2025)

  • PC Based
  • Smart Camera Based

Machine Vision Application Outlook (Revenue, USD Million; 2014 – 2025)

  • Quality Assurance and Inspection
  • Positioning and Guidance
  • Measurement
  • Identification

Machine Vision Regional Outlook (Revenue, USD Million; 2014 – 2025)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
  • Asia Pacific
    • China
    • Japan
    • India
  • South America
    • Brazil
  • Middle East & Africa

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-machine-vision-market                

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: http://www.grandviewresearch.com