Global Machine Vision System Market is estimated to be US$ 97.62 billion by 2030

Posted by NISHA SHAHA on November 22nd, 2021

Global Machine Vision System Market accounted for US$ 32.82 billion in 2020 and is estimated to be US$ 97.62 billion by 2030 and is anticipated to register a CAGR of 11.5%.  Machine vision technology entails a number of components that work together to capture photos of products and analyse them based on numerous quality and safety standards. The technology consists of a combination of software and hardware that allows devices to do tasks such as capturing and processing images and measuring numerous properties for decision-making. Lighting, lens, image sensors, vision processing, and communication devices are all important parts of the system. Machine vision systems aid in the accurate completion of difficult industrial operations.

The report \" Global Machine Vision System Market, By Component (Smart Camera, Embedded System, Frame Grabber, Lighting, and Lenses), By Type (1D, 2D, and 3D Measurements), By Application (Positioning, Identification, Verification, Measurement, and Flaw Detection), By Industry Vertical (Industrial, Healthcare, Electronics, Automotive, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030’’

Key Highlights:

• Cognex announced their new DataMan 8700 Series handheld barcode readers in March 2021, which is the next generation of handheld barcode readers built on a whole new platform. The device provides cutting-edge performance and is extremely simple to operate, requiring no prior tweaking or operator training.
• Cognex released Cognex Edge Intelligence (EI) in March 2021, which uses barcode reading performance monitoring and device management to assist customers avoid downtime and enhance the productivity of manufacturing and shipping operations.

Analyst View:

When opposed to those employed in institutional or educational applications, industrial machine vision systems are often more robust and need great dependability, stability, and accuracy. They are less expensive than systems used in the military, aerospace, defence, and government. These elements are projected to result in improved technology flexibility in the industrial sectors. Furthermore, robotic vision systems are being used in a variety of industries, resulting in increased adoption of the technology and so bolstering overall market growth.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Machine Vision System Market, By Component (Smart Camera, Embedded System, Frame Grabber, Lighting, and Lenses), By Type (1D, 2D, and 3D Measurements), By Application (Positioning, Identification, Verification, Measurement, and Flaw Detection), By Industry Vertical (Industrial, Healthcare, Electronics, Automotive, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030’’

To know the upcoming trends and insights prevalent in this market, click the link below:

https://www.prophecymarketinsights.com/market_insight/Global-Machine-Vision-System-Market-1422

Key Market Insights from the report:

Global Machine Vision System Market accounted for US$ 32.82 billion in 2020 and is estimated to be US$ 97.62 billion by 2030 and is anticipated to register a CAGR of 11.5%.   The global machine vision system market report segments the market on the basis of component, type, application, industry vertical, and region.

• Based on Component, Global Machine Vision System Market is segmented into Software Platform, Professional Services, Consulting Services, and Managed Services.
• Based on Type, Global Machine Vision System Market is segmented into 1D, 2D, and 3D Measurements.
• Based on Application, Global Machine Vision System Market is segmented into Positioning, Identification, Verification, Measurement, and Flaw Detection.
• Based on Industry Vertical, Global Machine Vision System Market is segmented into Industrial, Healthcare, Electronics, Automotive, and Others.   
• By Region, the Global Machine Vision System Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Some Important Points Answered in this Market Report Are Given Below:

• Explains an overview of the product portfolio, including product development, planning, and positioning
• Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
• Detailed analysis of the market revenue over the forecasted period.
• Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
• Study on the segments that are anticipated to dominate the market.
• Study on the regional analysis that is expected to register the highest growth over the forecast period