Global Machine Vision Systems Market is expected to reach $33.78 billion by 2027 growing at a CAGR of 10.7% during 2018 to 2027.

Some of the key players in Machine Vision Systems Market include Toshiba Corporation, Sony Corporation, National Instruments, Cognex Corporation, Basler Ag, Ids Imaging Development Systems GmbH, MVTEC Software GmbH, Isra Vision Ag, Panasonic, Intel Corporation, Jai A/S, and Canon Inc.

Huge investments in R&D of smart camera, diverse applications of machine vision system, and persistent evolution of CMOS image sensors are the major factors driving the market growth. However, lack of accuracy against high contrast images may hinder the growth of the market.

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Machine vision deals with the understanding and interpretation of images obtained during the production process. It is being used increasingly in industrial automation, which is being used in almost all of the manufacturing industries. It increases the efficiency and accuracy of the inspection process. It also has the ability to simultaneously deal with optics, information technology, mechanics and industrial automation.

By Type, 3D Measurement segment is likely to have a huge demand due to its applications in 3D imaging, which are important components of the market.

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By geography, Asia Pacific is going to have a lucrative growth during the forecast period owing to the significant growth of electronics and automotive industries in the regions.

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Types Covered:
• 3D Measurement
• 2D Measurement
• 1D Measurement

Products Covered:
• Embedded Systems
• Smart Camera Based
• Personal Computer-Based

Components Covered:
• Hardware
• Software

Applications Covered:
• Security & Surveillance
• Intelligent Transportation Systems (ITS)
• Positioning
• Measurement
• Verification
• Flaw Detection
• Identification
• Predictive Maintenance
• Quality Assurance & Inspection
• Non-Inspection Applications

End Users Covered:
• Semiconductor and Electronic Manufacturing
• Textile
• Pharmaceuticals
• Food & Beverage
• Package
• Automotive
• Logistics
• Life Sciences
• Intelligent Plant
• Medical Imaging
• Robotic Vacuum Cleaner
• Customized Consumption and Intelligent Security
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements

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Source URL: https://marketersmedia.com/global-machine-vision-systems-market-is-expected-to-reach-3378-billion-by-2027-growing-at-a-cagr-of-107-during-2018-to-2027/88937086

Source: MarketersMedia

Release ID: 88937086