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Markets and Markets : Mexico Factory Automation and Machine Vision Market by Technology will reach $6.99 Billion by 2020
[August 15, 2014]

Markets and Markets : Mexico Factory Automation and Machine Vision Market by Technology will reach $6.99 Billion by 2020


(M2 PressWIRE Via Acquire Media NewsEdge) 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 marketis 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".

http://www.marketsandmarkets.com/Market-Reports/mexico-factory-automation-machine-vision-market-149652036.html Early buyers will receive 10% customization on this report.


The factory automation and machine vision is an emerging trend in the manufacturing organizations, providing smart manufacturing setup. Factory Automation provides 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.

PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=149652036 Proximity to the U.S. and Government of Mexico's impetus to increase manufacturing has pushed the factory Automation and machine vision market to the new heights. These systems are now being used in the industries to make the standardized and reliable production activities. The automation in the production activities are offering advantages in: cost-efficiency, waste reduction, speed production, ease in production monitoring and management, reduced feedback and action times, over the traditional manual processes. The various mechanical instruments and devices are coupled with the smart computing or IT systems for the better results in automation.

The scope of the factory automation is not limited to the production floor, but it is extended to the overall business processes. The software systems like Enterprise Resource planning (ERP) are helping the mexico factory automation market to extend their service offerings. The maxico factory automation is indirectly offering customers better quality, standardized and reliable products within time and at affordable cost.

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.

For More Details @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=149652036 With the new surge of innovation in technology, the Mexico factory automation and machine vision systems are now being utilized by various industries for accurate and reliable process control. In the present scenario when the size of the hardware is reducing and the use of embedded systems has shown a reasonable growth; the upcoming trend of nanotechnology, nanotech sensors, machine-to-machine communication systems and Internet of things will generate growth for the factory automation and machine vision market.

The major players in the market includes: as Siemens Ag (Germany), ABB LTD (Switzerland), Emerson Process Management LLC (U.S), Rockwell Automation Inc (U.S.), Schneider Electric SA (France) and Honeywell International Inc (U.S.).

About MarketsandMarkets MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. M&M covers thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energyand power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.

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