Machine Vision Market Is Expected To Reach USD 13.71 Billion By 2026

According to a new market research report published by Sheer Analytics and Insights, “The global machine vision market was valued at USD 6.80 Billion in 2017 and is expected to become USD 13.71 Billion market by 2026 registering moderately high compound annual growth rate (CAGR) of 8.10% from 2018 to 2026”. With the increase in the price competition among the industry verticals, every firms are approaching towards reducing the cost of production and reducing the time leakage in the value chain. Machine vision helps in reducing the cost and time of manufacturing through automatic processing abilities coupled with the ability to process massive data and information within short time. These are expected to be key factor driving the growth of the machine vision market during the forecast period. In addition, application of robotics and IoT in manufacturing processes across food & beverages, manufacturing, automotive and pharmaceutical industries is further expected to create ample demand for machine vision industry.

Machine Vision Market is expected to provide sustainable growth opportunities during the forecast period from 2020 to 2026. This latest industry research study analyzes the Machine Vision Market by various product segments, applications, regions and countries while assessing regional performances of numerous leading market participants.

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The report titled “Machine Vision Market – Global Trends, Market Share, Industry Size, Growth, Opportunities, and Forecast 2020 – 2026″ offers a holistic view of the Machine Vision Marker industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers and government agencies, among others. Furthermore, the report includes detailed quantitative and qualitative analysis of the global Machine Vision Market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.

The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.

Global Machine Vision Market report summarizes the positive growth rate in upcoming years, and market size with competitive analysis. Our experts have analyzed the historical data to compare with the current market scenario to calculate the market growth in the coming years. The study provides an exhaustive report that includes an executive summary, scope, and forecast of the market.

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Key Questions Answered by Machine Vision Market Report

  • Product popularity and adoption based on various country-level dynamics
  • Regional presence and product development for leading market participants
  • Market forecasts and trend analysis based on ongoing investments and economic growth in key countries
  • Competitive landscape based on revenue, product offerings, years of presence, number of employees and market concentration, among others
  • number of employees and market concentration, among others

List of Companies Covered:

  • Allied Vision Technologies GmbH,
  • Basler AG,
  • Baumer Optronic GmbH,
  • Cognex Corporation,
  • JAI A/S,
  • Keyence Corporation,
  • Microscan Systems,
  • Omron Corporation,
  • Sony Corporation and
  • Texas Instruments, Inc.

Global Machine Vision Market Has Been Segmented Into:

By Component Type

  • Hardware
  • Software

By Product Type

  • PC-Based
  • Smart Camera-Based

By Application

  • Positioning
  • Identification
  • Verification
  • Measurement
  • Flaw Detection

By End-Use Industry Type

  • Automotive
  • Electronics
  • Food & Beverages
  • Printing & Packaging
  • Others

By Geography Type

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

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