The report on the Market has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2020-2025. The report also offers insights into different market segments and other factors affecting the market.
Machine vision market is likely to grow at an impressive CAGR of 6.5% during the forecast period. The major factors driving the growth of the machine vision market are the surge in demand for industrial automation or smart factories, vision-guided robotic systems, and their increasing application in pharmaceutical and food packaging industries.
COVID-19 IMPACT on the Market-
The COVID-19 pandemic has influenced almost all industries, little or large, dealing in any sector.
The growth curves of the machine Vision market have witnessed an enormous ebb and flow in the year 2020. The market scenario and the pace of growth have taken a huge turn and have prompted numerous adjustments in the cycles. 2021 is probably going to be superior to 2020 for the machine Vision market players as the greater part of the organizations have continued their activities and the interest is getting re-established for them.
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The Cornerstones in the market-
Some of the major players in the machine vision market are-
- Cognex Corporation
- Basler AG
- Omron Corporation
- Keyence National Instruments
- Sony Corporation
- Teledyne Technologies
- Texas Instruments
- Intel Corporation
- ISRA Vision
- Sick AG
- FLIR Systems
The report segments based on demographics, geographics, benefits, volume, etc, have different leading factors and identify the most attractive segments and sub-segments. Market segmentation will not only help marketers to be more efficient in terms of time, money, and other resources but also allows companies to learn about their target audience so that they can tailor campaigns that lead to a roadmap to success.
The machine Vision market is segmented into the following categories-
- By Deployment Type (General Machine Vision System, Robotic Cell),
- By Component Type (Hardware, Software),
- By Product Type (PC-based Machine Vision System, Smart Cameras-based Machine Vision System),
- By Application Type (Quality Assurance & Inspection, Positioning & Guidance, Measurement, Identification, and Predictive Maintenance),
- By End-Use Industry Type (Automotive, Electronics and Semiconductor, Consumer Electronics, Glass, Metals, Wood and Paper, Pharmaceutical, Food and Packaging, Rubber and Plastics, Printing, Machinery, Solar Panel Manufacturing, and Textile)
- By Region (North America, Europe, Asia-Pacific, and Rest of the World)
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