07-17-2018 09:26 AM CET - Industry, Real Estate & Construction
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Europe Industrial Machine Vision Market Showing Exponential Growth From 2018 to 2024 With Top Industry Players Like Cognex Corporation, Basler AG, Sony Electronics

Press release from: Data Bridge Market Research
EU Industrial Machine Vision Market Report
EU Industrial Machine Vision Market Report


Europe Industrial Machine Vision Market Size, Share Analysis, Reginal Competitors, Dominating Industry Players Are Analyzed Across This Report And Forecasting Analysis By Component Type (Camera, Frame Grabber, Optics, LED Lighting, Processor, Software Tools), Derived By Product (PC-based Machine Vision Systems, Smart Camera-based Vision Systems), Use In Industry Vertical (Automotive, Glass, Metal, Wood, Pharmaceutical and Cosmetics, Semiconductor, Electrical/Electronic, Rubber and Plastic, Medical Devices, Printing, Food and Beverage, Others) With Country Like (Germany, United Kingdom, France, Spain, Italy, Russia, Turkey, Belgium, Nether lands, Switzerland, Rest of Europe).

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Europe Industrial Machine Vision Market is expected to reach USD 6,196.39 million by 2024, from USD 3,330.29 million in 2016 growing at a CAGR of 8.1% in the forecast period 2017 to 2024. The major factors driving the growth of Europe Industrial Machine Vision Industry is rising demand for quality inspection and increasing need for specific machine vision systems migration towards 3D-based machine vision systems rising number of applications in various industrial sectors. The new Europe Industrial Machine Vision Market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Key Points: Europe Industrial Machine Vision Market

• Europe industrial machine vision market is dominated by Cognex Corporation, followed by Basler AG and Sony.

• Stand-alone industrial machine vision segment is expected to dominate the Europe industrial machine vision market.

• The industrial machine vision market in Europe region is leading in Germany, France, Italy and U.K. Germany accounts for the highest market share in this region.

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Market Segmentation: Europe Industrial Machine Vision Market

• The Europe industrial machine vision market is segmented on the basis of component type, product, application and vertical. On the basis of component type, the EU industrial machine vision market is segmented into cameras, frame grabbers, optics, led lighting, software tools and processor In 2017, cameras segment is expected to dominate the Europe industrial machine vision market with 71.7% market share and is expected to reach USD 4,489.8 million by 2024, growing with the highest CAGR of 8.3% in the forecast period 2017 to 2024.

• On the basis of product the Europe industrial machine vision market is segmented into PC-based machine vision systems and smart camera-based vision systems In 2017, PC-based machine vision systems is expected to dominate the EU industrial machine vision market with 77.6% market share and is expected to reach USD 4,711.6 million by 2024, growing with a CAGR of 7.8% in the forecast period 2017 to 2024.

• On the basis of application the Europe industrial machine vision market is segmented into inspection, measurement, positioning and guidance, symbol reading, character recognition, part recognition and others In 2017, inspection is expected to dominate the EU industrial machine vision market with 54.4% market share and is expected to reach USD 3,328.6 million by 2024, growing with a CAGR of 7.9% in the forecast period 2017 to 2024.

• On the basis of vertical the Europe industrial machine vision market is segmented into automotive, electrical/electronics, food and beverage, rubber and plastic, metal, semiconductors, pharmaceuticals and cosmetics, medical devices, printing, glass, wood, others In 2017, automotive is expected to dominate the EU industrial machine vision market with 38.8% market share and is expected to reach USD 2,377.7 million by 2024, growing with a CAGR of 8.0% in the forecast period 2017 to 2024.

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The major factors driving the growth of this market are rising demand for quality inspection and increasing need for specific machine vision systems migration towards 3D-based machine vision systems rising number of applications in various industrial sectors On the other hand, absence of flexible machine vision solutions and unpredictable end-user needs hinders the market growth.

Related Report:
Industrial Machine Vision Market Report Forecasting Trends In North America, Europe, Asia-Pacific, South America, Middle East and Africa and dominated by Cognex Corporation, followed by Basler AG, Sony among others. Global Industrial Machine Vision Market is expected to reach USD 35,573.2 million by 2024 from USD 18,001.5 million in 2016, at a CAGR of 8.9%.

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