Global Industrial Machine Vision Market s

  • 4100.00 Dollar US$
  • Published date: June 5, 2021
    • Pune, Pune, Maharashtra, India [ Ad Id - 132036 | Ad Views - 5 ]

Global Industrial Machine Vision Market size is expected to reach US$ XX Bn. by 2026 from US$ XX Bn. in 2019, at a CAGR of 9.6% during the forecast period.
Global Industrial Machine Vision Market Introduction and Market scenario:

Machine vision includes the grouping of various software and hardware that guides operational devices to capture and process image.

The high demand for industrial IoT and artificial intelligence infused machine vision systems is the main driving factor for the growth of the industrial machine vision market over the forecast period (2020-2026). Also, the rise in the requirement for quality inspection & automation and high adoption of 3D machine vision systems are the factors that contribute to the growth of the industrial machine vision market.

The machine vision system helps in supervising work environments as it offers several features such as robotic guidance, automatic inspection, and process control in industrial applications such as vision-guided robotics systems, inspection in food and packaging industries, and an increase in government initiatives to boost AI-related technologies. Additionally, the rise in requirement for reduction of cameras and processors as well as high adoption of Industry 4.0 and increase in manufacturing of hybrid and electric cars are expected to produce significant growth opportunities in the industrial machine vision market in the forecasted period.

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