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Europe Industrial Machine Vision Market Analysis & Global Forecast By 2025 With: Cognex Corporation, Basler AG, Sony Electronics, MVTec Software GmbH, SICK, ISRA VISION, JAI A/S

02-11-2019 08:21 AM CET | Industry, Real Estate & Construction

Press release from: Data Bridge Market Research

Europe Industrial Machine Vision Market

Europe Industrial Machine Vision Market

The result contains all the required details about market explanation, categorization, request and appointments for the europe industrial machine vision market that are key factors to reach height of success in the market. All the important leaders of the company known and are mentioned above whilst elucidating all the drivers and restrains of the market with the help of SWOT investigation and Porter’s five services tool. The account also consists of all the CAGR levels for the foundation year 2017, the momentous year 2016, and foretell years 2019-2025 for the europe industrial machine vision market.

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Main gamers of the europe market are prepared to be in movement with their product launches, joint ventures, developments, mergers and attainment that's in flip touching europe industrial machine vision marketplace and machine vision industry. In supplementation it also has an impact on to the sales, import, export, returns and CAGR values. The Europe Industrial Machine Vision Market is expected to reach USD 6,196.39 million, from USD 3,330.29 million and growing at a CAGR of 8.1% in the forecast period.

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. Europe industrial machine vision market is dominated by Cognex Corporation, followed by
• Basler AG
• Baumer Optronic
• Tordivel
• ISRA VISION
• MVTec Software
• SICK
• JAI A/S
• 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, 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 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, 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 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, 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 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, 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 2024.

Visit Europe Industrial Machine Vision Report Description: https://databridgemarketresearch.com/reports/europe-industrial-machine-vision-market/

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%.

Visit Global Industrial Machine Vision Market Report With Global Analysis: https://databridgemarketresearch.com/reports/global-industrial-machine-vision-market/

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