Machine vision market is expected to reach USD 16.64 billion by 2027 witnessing market growth at a rate of 6.40% in the forecast period of 2020 to 2027.
The escalating adoption of software interpretations in various reinforcements, such as ATMs, and smartphone assistants, that translates testimonies, sound and picture recognition software on communicative channels, and software that assists advertisements on multiple websites, is pushing the increase of robot learning technology in the machine vision market, this implies upon the prime source of market growth during the forecast period of 2020 to 2027.
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Major Market Competitors/Players: Global Machine Vision Market
The major players covered in the machine vision market report are Intel Corporation, Baumer Optronic GmbH, JAI A/S, MVTec Software GmbH, Tordivel AS, ISRA VISION, Sick, FLIR Systems, Inc., AMETEK.Inc, Qualitas Technologies Pvt Ltd, SUALAB, Cadence Design Systems, Inc., CEVA, Inc., Inuitive, Cognex Corporation, Basler AG, Omron Corporation, Keyence Corporation, National Instruments, Sony Corporation, Teledyne Technologies, Inc., Allied Vision Technologies GmbH, Texas Instruments Inc., among other domestic and global players.
Segmentation: Global Machine Vision Market
- By Deployment (General Machine Vision System, Robotic Cell)
- By Offering (Hardware, Software), Product (PC Based, Smart Camera Based)
- By Application (Quality Assurance & Inspection, Positioning & Guidance, Measurement, Identification, Predictive maintenance)
- By End User (Automotive, Electronics and Semiconductor, Consumer Electronics, Glass, Metals, Wood and Paper, Pharmaceuticals, Food & Packaging, Rubber & Plastics, Printing, Machinery/Equipment, Solar Panel Manufacturing, Textile)
Focus of the report
- CAGR values in the market for the forecast period
- Key trends in the market place
- Major players and brands
- Historical and current market size and projection up to 2026.
- Detailed overview of parent market
- Changing market dynamics of the industry
Key insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
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