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Global machine vision market is expected to reach USD 14.89 Billion by 2025, at a CAGR of 8.84% from 2018 to 2025. The key contributing factor for the market growth are growing requirement of quality inspection and automation, advancement of vision-guided robotic systems, increasing adoption of 3D machine vision systems, and growing demand for application-specific machine vision systems.

Market Overview:

Machine vision is used to provide programmed investigation and examination of various items based on pictures for different applications, for example, process control, programmed review, and robot direction. There is a wide degree for the development of the machine vision. For instance, in 2018, Inspekto launched autonomous machine vision product. This product offers visual quality assurance (QA) with autonomous machine vision that uses plug & inspect technology. Machine vision system have developed superior observing system and mechanized direction for the mechanical robots. Increasing demand from various industries including IT, semiconductor, food & packaging, rubber & plastics, machinery, and other for machine vision devices has driven the growth of the global machine vision market.

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Report Description:

The base year for the study has been considered 2017, historic year 2015 and 2016 and, the forecast period considered is from 2018 to 2025. The machine vision market is analysed on the basis of value (USD Million).

The study delivers a comprehensive analysis of global machine vision market by components, product, application, industry, and regions.

The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2018 to 2025.

Porter’s Five Forces model is used in order to recognize the competitive scenario in the global machine vision market. This report incorporates the industry analysis which is focused on providing an extensive view of the machine vision market.

The study also includes attractiveness analysis of components, product, application, industry, and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.

The report provides company profile of the key players operating in the machine vision market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.

The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

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Regional Segmentation Assessment:

The market is analyzed on the basis of five regions inlcluding North America, Europe, Asia Pacific, South America, and the Middle East and Africa. A major manufacturing hub, Asia Pacific reached the largest market share of approximately 28.57% in 2017. The presence of a huge number of contract manufacturers and high adoption of automation processes are some of the factors that led to the growth of the machine vision market in this region.

Competitive Assessment:

Key Market Players in the machine vision market include Cognex, Basler, OMRON, KEYENCE Corporation, National Instruments, Sony, Teledyne Technologies, Texas Instrument, Intel, Baumer Optronic, ISRA VISION, MVTec Software, SICK, JAI A/S, Baumer Optronic GmbH, Allied Vision Technologies GmbH, and others.

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