Press release
Deep Learning in Machine Vision Market Growth Driven by Rise In Machine Vision Software
Market Outlook:Global deep learning in machine vision market is expected to reach USD 997.27 million by 2025 from USD 42.21 million in 2017, at a CAGR of 49.0% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.Key factors driving the growth of the market includes growing demand for vision-guided robotic systems, rapid industrialization, high manufacturing capacity, and rising need for quality inspection. Moreover, the growing demand for application oriented machine vision systems and quick processing ability of such systems is also fueling the growth of the market. However, lack of user awareness and high cost of the machine vision technology may hamper the market growth.
The machine vision technology is a combination of hardware and software that offers operational control to devices to perform functions such as capturing and processing of pictures and measuring different parameters needed for making a decision. The technology has proven to be of key role in industries like manufacturing and quality control. Also growing automation in various industries is facilitating the growth of the market. Furthermore, adoption of the technology is expected to boom in retail sector and possibly can create automated grocery store.
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Top Players:
Global deep learning in machine vision market competition by top players include -
Cognex Corporation dominated the deep learning in machine vision market accounting largest market share followed by MVTEC Software GMBH, Qualitas Technologies, SUALAB and Cyth Systems SGS SA
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Market Segments:
• Based on application, the market is segmented into image classification, optical character recognition, bar code detection, anomaly detection.
• On the basis of end-user, market is segmented into automotive, electronics, food & beverage, healthcare, aerospace & defence and others
Based on geography, the market is segmented into 5 geographical regions:
• North America
• Europe
• Asia-Pacific
• South America
• Middle East and Africa
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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.
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