Press release
Industrial Machine Vision Market Explosive Growth : Baumer Optronic Gmbh, Jai A/S, Mvtec Software Gmbh, Tordivel As, Isra Vision
Industrial Machine Vision Market Explosive Growth
The Global industrial machine vision market is accounted to reach USD USD 35,573.2 million by 2024 from USD 18,001.5 million in 2016, at a CAGR of 8.9% in the forecast period 2017 to 2024.
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On the basis of component type, the Global 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 Global industrial machine vision market with 72.2% market share and is expected to reach USD 25,991.9 million by 2024, growing with the highest CAGR of 9.1% in the forecast period 2017 to 2024.
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.
The Global industrial machine vision market is segmented on the basis of component type, product, application and vertical.
On the basis of product the Global 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 Global industrial machine vision market with 77.7% market share and is expected to reach USD 27,111.3 million by 2024, growing with a CAGR of 8.7% in the forecast period 2017 to 2024.
On the basis of application the Global 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 Global industrial machine vision market with 54.8% market share and is expected to reach USD 19,324.2 million by 2024, growing with a CAGR of 8.8% in the forecast period 2017 to 2024
The report covers the present scenario and the growth prospects of the INDUSTRIAL MACHINE VISION Market for 2024 To calculate the market size, the report considers the revenue generated from the sales of the web conferencing and unified communication and
collaboration (UC&C) and video conferencing, secondary resources and doing in-depth company share analysis of major 10 players in the market.
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FROM TABLE OF CONTENTS
1 Study Coverage
2 Executive Summaries
3 Market Size by Manufacturers
4 INDUSTRIAL MACHINE VISION Production by Regions
5 INDUSTRIAL MACHINE VISION Consumption by Regions
6 Market Size by Type
8 Manufacturers Profiles
9 Production Forecasts
10 Consumption Forecast
11 Value Chain and Sales Channels Analysis
Main Aspects covered in the Report
Overview of the INDUSTRIAL MACHINE VISION market including production, consumption, status & forecast and market growth
2015-2018 historical data and 2019-2028 market forecast
Geographical analysis including major countries
Overview the product type market including development
Overview the end-user market including development
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Mr. A Naidu
Research for Markets
Tel: +44 8000-4182-37 (UK)
Email: alan.naidu@researchformarkets.com
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Research for Markets indulges in detailed and diligent research on different markets, trends and emerging opportunities in the successive direction to cater to your business needs. We have established the pillars of our flourishing institute on the grounds of Credibility and Reliability. RFM delve into the markets across Asia Pacific, North America, South America, Europe, Middle East and Africa.
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