Machine Vision Technology Market- Scope 2025
Posted by Trends Market Research on February 26th, 2020
"The rising use of herbs and spices in food and beverages industry is one of the key factors estimated to encourage the growth of the global market throughout the forecast period. The increasing focus on Ayurveda and the increasing awareness regarding its combination and benefits are further estimated to accelerate the growth of the global herbs and spices extracts market in the next few years.
"According to the new market research report byTrends market research (TMR)""Machine Vision Market by Component (Hardware (Camera, Frame Grabber, Optics, Processor) and Software (Deep Learning and Application Specific)), Product (PC Based and Smart Camera Based), Application, End-User Industry - Global Forecasts to 2025"", The overall machine vision market is estimated to be valued at USD XX Billion in 2015 and is expected to reach USD XX Billion by 2021, at a CAGR of XX% between 2015 and 2021
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The ability of machine vision systems to process a large amount of information in a fraction of seconds is a major factor driving the market growth. The quick processing ability of machine vision systems is paving the way for manufacturers to achieve new milestones in manufacturing products with negligible defects.
Moreover, the increasing adoption of robots across industrial sectors is leading toward the application of vision-guided robotic systems. Industrial verticals, such as automotive, pharmaceutical, packaging, and food & beverage, are prominent sectors where robotic systems are used, eventually fueling the demand for machine vision systems.
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