The machine vision market is expected to grow at a CAGR of 8% during the forecast period. Demand of machine vision systems from apac, drivers.2, and drivers.3 are some of the significant factors fueling machine vision market growth.
Demand of machine vision systems from apac
Market Definition
The machine vision technology analyzes and inspects images through various machine vision software, hardware, and accessories. This technology includes four processes, namely identification, guidance, measurement, and inspection. The machine vision technology captures an image, transfers it to the processor, reports it to the processor system for inspection, and then provides the processed results to take action accordingly.
The global machine vision market encompasses cameras, vision systems, and others, which consists of accessories such as optics, sensors, lighting, frame-grabbers, and cables, which work as supports for machine vision technology.
Objectives
To provide actionable intelligence alongside the market size of various segments
To detail the major factors influencing the market (drivers, opportunities, industry-specific challenges, and other critical issues)
To determine the geographic breakdown of the market in terms of detailed analysis and impact
To analyze business dimensions with an eye on individual growth trends and contribution of upcoming market segments
To track the competitive landscape of the market
Notes and Caveats
Values used in the report are rounded off to the nearest decimal place, and millions have been converted to billions wherever possible.
All revenue, sales, and cost figures mentioned in the report are in US dollar unless otherwise specified.
Market estimates include new installations, shipments, sales value and retrofits, replacements, aftermarket, and services market.
The retail selling price is considered as the average selling price for the product.
The “others” market in the product segmentation includes lighting, optics, frame grabbers, and sensors.
