The global machine vision market size is expected to reach USD 20.3 billion in 2030 and register a revenue CAGR of 7.1% over the forecast period, according to the latest report by Emergen. Increasing requirement for automation and quality inspection is driving global machine vision market revenue growth. Machine vision has several advantages in automation. Machine vision inspection is widely recognized as a critical component of production line automation. The use of inline inspection lowers manufacturing costs, improves customer satisfaction, and eliminates waste. It is essential for maintaining product and batch integrity, as well as avoiding batch mix.
Machine vision systems are also widely used in vision-guided robotics systems The advancement of industrial robots has significantly increased the efficiency of manufacturing. While individuals still change jigs or settings according to a plan, calibrate the system, and run tests and revisions before commencing production, vision-guided robots are gaining traction as a method to eliminate this time-consuming task.
The study performs a historical assessment of the Machine Vision from 2019 to 2020, focusing on the market trends, revenue share, growth rate, production capacity, pricing structure, and other vital aspects during that period. The report emphasizes the demands and ongoing trends of the global Machine Vision market, more importantly, across the major regions of the market. Additionally, our analysts have included SWOT analysis and Porter’s Five Forces analysis in the report to offer a better understanding of the competitive spectrum of this ever-evolving industry. Moreover, the report sheds light on the cutting-edge expansion strategies adopted by the market contenders, such as mergers & acquisitions, joint ventures, partnerships & collaborations, new product launches, and brand promotions.
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The global Machine Vision market consists of various segments, including product type outlook, application spectrum, end-user overview, leading regions, and the competitive analysis. The report further provides information regarding the value chain, emerging market sectors, and the technological advancements in the industry to benefit readers and businesses looking to invest in this industry.
Key Market Competitors Profiled in the Report:
Cognex Corporation, Basler AG, Omron Corporation, Keyence Corporation, Teledyne Technologies Incorporated, TKH Group, National Instruments Corp., Sony Corporation, Texas Instruments Incorporated, and Intel Corporation.
Major Geographies Covered in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Emergen Research has segmented the global machine vision market based on component, deployment, end-use, and region:
- Component Outlook (Revenue, USD Million, 2022–2030)
- Hardware
- Software
- Deployment Outlook (Revenue, USD Million, 2022–2030)
- General
- Robotics Cell
- End-Use Outlook (Revenue, USD Million, 2022–2030)
- Automotive
- Electronics & Semiconductor
- Consumer Electronics
- Glass
- Metals
- Wood & Paper
- Pharmaceuticals
- Food & Packaging
- Rubber & Plastics
- Printing
- Machinery
- Solar Panel Manufacturing
- Textiles
For more details of the Machine Vision Market Report, visit @ https://www.emergenresearch.com/industry-report/machine-vision-market
Target Audience of the Report:
- Leading Companies
- Large, medium-sized, and small enterprises
- Investors
- Value-Added Resellers (VARs)
- Venture capitalists
- Third-party knowledge providers
The global Machine Vision market report evaluates the latest economic scenario in terms of value and volume. It highlights the key growth drivers, restraints, production capacity, demand & supply ratio, import/export status, growth rate, and other critical aspects. Additionally, the report also performs SWOT analysis, Porter’s Five Forces analysis, speculation attainability investigation, and venture return investigation.
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