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Home / India News / 2007 / May / May 29, 2007
Research and Development Critical for Survival in the Machine Vision and X-Ray Inspection Equipment Market

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Research and Development Critical for Survival in the Machine Vision and X-Ray Inspection Equipment Market

Mumbai, Maharashtra, India

Significant investments in R&D greatly influence the machine vision and x-ray inspection markets. To stay afloat in this competitive environment, manufacturers need to keep pace with changes in the market while providing technology that adequately satisfies customer demand.

New analysis from Frost & Sullivan (http://www.testandmeasurement.frost.com), World Machine Vision and X-Ray Inspection Systems Market reveals that the vision inspection equipment market earned revenues of $2.32 billion in 2006 and estimates this to reach $3.70 billion in 2013. Additionally, the analysis reveals that the x-ray inspection equipment market earned revenues of $1.56 billion in 2006 and estimates this to reach $2.66 billion in 2013.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the World Machine Vision and X-Ray Inspection Systems Market, then send an e-mail to Ravinder Kaur/ Nimisha Iyer, Corporate Communications, at ravinder.kaur@frost.com/ niyer@frost.com , with your full name, company name, title, telephone number, fax number and e-mail address. Upon receipt of the above information, an overview will be sent to you by e-mail.

Recent technological advancements coupled with the price pressures faced by market competitors that aim to achieve significant profits, will likely result in the rapid development of cost-effective and sophisticated equipment.

While many machine vision and x-ray equipment manufacturers have leveraged their R&D expertise to successfully adapt to the shift toward digital systems, some vendors have yet to embrace this movement. The slow adoption of emerging digital technology may ultimately hinder the overall revenues for both the machine vision and x-ray inspection markets.

"The inadequate revenues generated by the more reluctant market participants may reduce the overall market revenues and hinder market growth," says Frost & Sullivan Research Analyst Juan Rosales. "For these vendors to contribute to the success of the marketplace and to ensure that they maintain a stable customer base, they must determine the types of unique advantages that can be offered to clients, whether such advantages are financial or service-based."

Vendors can take advantage of recent significant machine vision trends, namely the use of high-speed smart cameras and the shift from analog to digital interfaces, to improve the consumption rates among users that desire accurate inspection equipment.

The numerous advancements in emerging technologies combined with overall decreasing costs, will continue to promote the growth of both the machine vision and x-ray inspection markets. The market will likely continue to experience a considerable increase in revenues as it has in recent times.

"To achieve profits in this promising, yet challenging market, emerging companies will have to strive harder to stand out," notes Rosales. "They need to immediately contribute a groundbreaking solution to the machine vision market to gain visibility in a crowded marketplace."

Vendors must have the foresight to launch their products during a time that will allow for optimal market positioning. Hence, they need to stay abreast of current trends and developments for continual revenue and market growth.

The World Machine Vision and X-Ray Inspection Systems Market is part of the Test and Measurement Growth Partnership Service, which also includes research services in the following markets: world general purpose test and measurement market, world mechanical tests market, and world manufacturing tests market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants. Interviews are available to the press.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership service, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective, and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.frost.com.

World Machine Vision and X-Ray Inspection Systems Market
N10F

Contact:

Ravinder Kaur
Corporate Communications - South Asia, Middle East
+91 (044) 4204 4515
ravinder.kaur@frost.com

niyer@frost.com sara.villarruel@frost.com

Source: Frost & Sullivan (Business Wire India)

Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.

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