The global machine vision market size was valued at USD 9.6 billion in 2020 and is expected to reach USD 13 billion in 2025. It is expected to grow at a CAGR of 6.1% over the forecast period. With the COVID-19 crisis, the world is witnessing a health and economic pandemic. This led many companies to shut down manufacturing plants and shut down most operations. The main driver of the machine vision market is the increasing demand for quality inspection and automation. Other drivers include the rapid growth of the use of industrial robots for automation in the automotive and home appliance sectors. The market penetration of the Machine Vision market is analysed in both pre and post COVID-19 scenarios.
A full report of the Industrial Machine Vision Market is available at https://www.orionmarketreports.com/machine-vision-system-market/42630/
Segmentation: Global Machine Vision Market
By Component
• Camera
• Frame Grabber
• Optics
• LED Lighting
• Processor
• Software Tools
• Deep learning
By Product
• PC-based Machine Vision Systems
• Smart Camera-based Vision Systems
By End-User
• Automotive
• Glass
• Metal
• Wood
• Pharmaceutical and Cosmetics
• Semiconductor
• Electrical/Electronic
• Rubber and Plastic
• Medical Devices
• Printing
• Food and Beverage
• Others
By Application
• Identification
• Positioning & Guidance
• Measurement
• Quality Assurance & Inspection
• Character Recognition
• Symbol Reading Part Recognition
• Others
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Key Questions Answered by Industrial Machine Vision Market Report
• What was the Industrial Machine Vision Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
• What will be the CAGR of Industrial Machine Vision Market during the forecast period (2019-2025)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2019-2025)?
• Which manufacturer/vendor/players in the Industrial Machine Vision Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
