Machine Vision Systems Market Size, Share & Trends Analysis Report by Type, By Region, And Segment Forecasts, 2021 - 2026

The Machine Vision Systems Market report is an inclusive study where the report’s goal is to give in-depth information on the industry, including a market overview, major trends, and business strategies for the projected period of the Machine Vision Systems market. The research provides information on company profiles, product pictures and specifications, capacity, production, price, cost, revenue, and contact information for the worldwide main leading industry players in the Machine Vision Systems market.

The Machine Vision Systems Market is anticipated to register a CAGR of 13.32% over the forecast period 2021 – 2026.

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The Major Players of Machine Vision Systems Market are: Cognex Corporation, Keyence Corporation, Omron Corporation, Isra Vision AG, IDS Imaging Development Systems GmbH, National Instruments Corporation, MVTec Software GmbH, Sony Corporation, Teledyne DALSA (Teledyne Technologies company), Toshiba Corporation

This study is often used to determine which market segments, regions, or nations to focus their efforts and resources on in the next years to maximize growth and profitability. This research takes into account the impact of the COVID-related economic slump, as well as a competitive market landscape and a continuous in-depth assessment of the sector's leading vendors/key players.

Key Market Trends

Automotive Sector is Expected to Hold a Significant Share

- The primary goal of machine vision systems in the automotive sector is to improve the productivity and quality of the products. Major applications of these systems in this sector are quality inspections and machine guidance. In quality control inspections, these systems determine whether the parts or subassemblies are defective or non-defective. Based on the feedback, it directs the motion control equipment to accept or reject that particular component. On the other hand, in machine guidance systems, machine vision improves the speed and accuracy of assembly robots and automated material handling equipment, which plays a critical role in the engine chassis marriage operations.

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Asia-Pacific is Expected to Experience Rapid Growth

- Asia-Pacific is one of the significant revenue-generating regions in the machine vision market. Asia-Pacific countries such as China and South Korea, among others, have some of the most extensive manufacturing facilities wherein automation has been increasingly implemented.
- The region is embracing robot adoption at a rapid rate, which is expected to impact the machine vision market in the region. Automation in the region is also expected to be augmented by favorable government initiatives. For instance, the Chinese governments programs, such as the Made in China 2025 plan, are promoting the use of R&D in factory automation and technologies and its investments.

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Highlights of Machine Vision Systems Market report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market

Customization:

The Global Machine Vision Systems Market research may be customized to match your exclusive company requirements. We offer free 25 percent customization for any of our MID reports to all of our clients since we understand what they want.

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This release was published on openPR.