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The machine vision market for the electronics and semiconductor industry is highly competitive, with a mix of international players and small and mid-sized component manufacturers. Several smaller players or startups innovating in specific segments, such as lenses, software, and artificial intelligence (AI) in machine vision systems, are also prese...

17 Jul 2018  |  Global  |  Market Research

Global Condition Monitoring Services Market, Forecast to 2025

Upsurge of Prescriptive Maintenance is Transforming Business Models

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The condition monitoring services market will undergo a significant transformation over the next 5-8 years with the advent of new technologies changing customer requirements in connectivity and analytics, and with evolving business models featuring among other services specifications. From $1.92 billion in 2017, the market revenues are expected to ...

The end of the mining super cycle in Australia, completion of large LNG project buildouts, and decline in some manufacturing segments have weakened the demand for condition monitoring solutions. However, over the medium and long term, the normalisation of activity in key verticals and the increased demand for data-driven services will sustain growt...

28 Sep 2017  |  Global  |  Market Research

Global Condition Monitoring Equipment Market, Forecast to 2021

Condition Monitoring Equipment Market to Surpass $2 Billion Revenue in 2021 Driven by Technology Convergence and Increasing Awareness

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The condition monitoring equipment market will undergo a significant transformation over the next 5 to 7 years with the advent of new technologies changing customer requirements in connectivity and analytics features among other equipment specifications. Worth $1.62 billion in 2016, the market revenues are expected to reach $2.07 billion by 2021 at...