Mexico Factory Automation and Machine Vision Market by Technology, Field Devices & Products projected to worth $6.99 Billion by 2020

According to a new market research report of “Mexico Factory Automation and Machine Vision Market by Technology (ICS, MES, ERP, ITS), Field Devices, Products (PC-based, Smart Camera, Embedded), Components (Camera, FGOL), Application (Process, Discrete) - Global Forecast & Analysis to 2013 - 2020”, the factory automation market is expected to grow at a CAGR of 6.18% from 2014 to 2020.

Browse 74 market data tables and 103 figures spread through 384 pages and in-depth TOC on "Mexico Factory Automation and Machine Vision Market”.

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Some of the major companies present in the market are: Siemens Ag (Germany), ABB LTD (Switzerland), Emerson Electric Company (U.S), Rockwell Automation Inc (U.S.), Schneider Electric SA (France), Honeywell International Inc (U.S.), Johnson Controls Inc (U.S), General Electric Company (U.S.), Texas Instruments Inc (U.S), Teledyne Dalsa Inc (Canada), Eastman Kodak (U.S.) and Yokogawa Electric Corporation (Japan).

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The factory automation and machine vision is an emerging trend in the manufacturing organizations, providing smart manufacturing setup. Factory Automation provide cost efficiency, quality and standard production, reliability and flexibility in the production process. The factory automation and machine vision includes the perfect blend of technologies, products, mechanical components, devices and Information Technology. The emerging applications like Heating Ventilation Air Conditioning (HVAC) systems, Human Machine Interface (HMI) and electronic power distribution systems will further surge the demand of automation systems in the coming future.

The main drivers for the factory automation and machine vision market in Mexico includes, proximity to U.S. is attracting major manufacturers to shift manufacturing base from China, Increased foreign direct investment is aiding growth in the manufacturing segment. Increasing non vertical applications for machine vision equipment. In addition to this, technical factors such as increasing focus on energy saving and efficiency improvement, internet of things and services playing crucial role in integration of manufacturing and engineering.

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The report describes the value chain for mexico factory automation and machine vision market by considering all the major stakeholders in the market and their role in the analysis. The report also provides a detailed study of the Porter’s five force analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them.

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