Machine Vision Market is expected to grow from USD 9.6 billion in 2020 to USD 13.0 billion by 2027, at a CAGR of 6% during the forecast period.
Since COVID-19, manufacturers are more than ever aware of the importance of manufacturing automation. However, due to cross-border closures, companies are facing serious cash flow problems and are postponing new projects related to the implementation of machine vision in factories. The ongoing COVID-19 pandemic has disrupted the economy and supply chain, causing companies operating in a variety of industries to adopt a global supply chain model.
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Key Market Players
The key market players in the market are Cognex Corporation (US), Basler AG (Germany), Omron Corporation (Japan), Keyence (Japan), National Instruments (US), Sony Corporation (Japan), Teledyne Technologies (US), Texas Instruments (US), Intel Corporation (US), ISRA Vision (Germany), Sick AG (Germany) and FLIR Systems (US).
Machine Vision Market, by Application:
- Quality Assurance & Inspection
- Positioning & Guidance
- Measurement
- Identification
- Predictive maintenance
Machine Vision Market, by deployment:
- General machine vision system
- Robotic cell
Machine Vision Market, by Product:
- PC- based vision system
- Smart Cameras- based vision system
Machine Vision Market, by Application:
- Quality Assurance & Inspection
- Positioning & Guidance
- Measurement
- Identification
- Predictive maintenance
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Scope of the Report
The research study analyzes the global Machine Vision industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
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
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Machine Vision Market Report
1. What was the Machine Vision Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Machine Vision Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Machine Vision Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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