The global machine vision market is anticipated to grow at a considerable CAGR of 7.3% during the forecast period (2022-2028). The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launches, and product innovation to remain competitive in the marketplace this is anticipated to positively impact significant market growth. Hence owing to the development and manufacturing of innovative solutions the translucent concrete market is augmenting its growth over the forecast period.
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For instance, in March 2021, Cognex launched its new product called DataMan 8700 Series which is the next generation of handheld barcode readers built on a completely newly designed platform. The device delivers cutting-edge performance and is very easy to utilize with no tuning or operator training required previously. The 8700 Series can immediately read challenging direct part mark (DPM) and label-based codes, even when vital elements of the code are missing or damaged.
Furthermore, in September 2020, Omron introduced a new FH Series Vision system, which includes the industry’s first defect detection AI technology, which determines defects without learning samples. The artificial intelligence technology, which attempts to simulate sensibility and skilled inspector techniques, securely determines formally complicated defects, automating human vision-based visual inspection.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Type
o By Application
o By Component
o By Industry Vertical
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- including Keyence Corp., Cognex Corp., Sony Group Corp., Omron Corp., National Instruments Corp., Sensory Inc., Perceptron, Inc., Teledyne Digital Imaging Inc., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Machine Vision Market Report Segment
By Type
- One Dimension (1D)
- Two Dimension (2D)
- Three Dimension (3D)
- Area or Line Scan
By Application
- Identification
- Guidance and Positioning
- Measurement
- Quality Assurance and Inspection
By Component
- Camera
- Lenses
- Lighting Source
- Processor
- Software
By Industry Vertical
- Automotive
- Machinery
- Food and Packaging
- Healthcare
- Security and Surveillance
