Machine Vision Market 2022 – 2027 | Prominent Players, Business Demand, Comprehensive Analysis, Global Prospect by Future Growth Analysis
Stratview Research delivers key insights on the global Machine Vision Market. According to Stratview Research, the market is estimated to grow at a decent CAGR of 5.1% during the forecast period to reach a value of US$ 310 Million in 2027.
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The present report can be of high utility for the key decision-makers and growth strategists in terms of precise market insights, forthcoming growth opportunities, and key success factors. Especially, the report also analyses and mentions the possible impact of COVID-19 on the market dynamics. This will not only help in mitigating the uncertain business environment, but also help in rearranging the strategies and future- decisions in a fruitful manner.
Key Players
The following are some of the key players in the Machine Vision Market:
• Cognex Corporation
• Basler AG
• Omron Corporation
• Keyence National Instruments
• Sony Corporation
• Teledyne Technologies
• Texas Instruments
• Intel Corporation
• ISRA Vision
• Sick AG
• FLIR Systems
Growth drivers and Market Value:
This report, from Stratview Research, studies Machine vision market value and growth drivers over the trend period of 2022-27. According to the report -
Machine vision market is likely to grow at an impressive CAGR of 6.5% during the forecast period. The major factors driving the growth of the machine vision market are surge in demand for industrial automation or smart factories, vision-guided robotic systems, and their increasing application in pharmaceutical and food packaging industries.
Segment Analysis:
Based on by Deployment Type:
Based on the deployment type, the market is segmented as general machine vision system and robotic cell. The general machine vision system segment held the larger share of the market in 2021, whereas the robotic cell segment is expected to experience a faster growth during the forecast period. Robotic cells are cost-effective and can handle increasing number of product variants, which is driving the growth of the segment.
Based on Regional:
In terms of regions, Asia-Pacific was the major market in 2021, and is expected to maintain its dominance during the forecast period. The growth of the region’s market can be attributed to the major countries, such as China, Japan, India, and South Korea, which have the largest manufacturing facilities, wherein automation of manufacturing processes has been considered as the highest priority. The region’s rapid industrial expansion has been immensely contributing to the success and development of various innovations with the adoption of different technologies.
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FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for Machine Vision Market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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