Machine Vision Market is anticipated to expand at a compound annual growth rate (CAGR) from 2022 to 2031 | Cognex Corporation, Basler AG, Omron Corporation, Keyence, National Instruments

According to a new market research report published by Global Insight Services "Machine Vision Market is expected to reach US$ XX bn by 2031". Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Machine vision is the process of using computers to interpret and understand digital images. It is a subset of artificial intelligence that deals with providing computers with the ability to understand digital images in the same way that humans do. Machine vision can be used for a variety of tasks, such as object recognition, identification, classification, and tracking.

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Key Trends

Some key trends in Machine Vision technology include the following:

Development of more powerful and efficient processors: Machine Vision technology is becoming increasingly reliant on powerful processors to handle the large amount of data that is generated by image sensors. This trend is likely to continue as the technology becomes more sophisticated.

Increased use of artificial intelligence: Artificial intelligence is being used more and more to interpret the images generated by Machine Vision systems. This trend is likely to continue as the technology becomes more sophisticated.

Increased use of 3D imaging: 3D imaging is being used more and more in Machine Vision systems. This trend is likely to continue as the technology becomes more sophisticated.

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Key Drivers

Some of the key drivers of the machine vision market include the increasing demand for automation in various industries, the need for efficient quality control and inspection, and the growing demand for intelligent vision systems. Other drivers include the increasing adoption of machine vision in the automotive industry, the increasing use of 3D machine vision, and the growing demand for vision-based robots.

Market Segments

By Component
• Hardware
• Software

By Product
• PC-Based
• Smart Camera Based

By End User Industry
• Automotive
• Electronics & Semiconductor
• Healthcare
• Food and Beverages
• Others

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Key Players

• Cognex Corporation
• Basler AG
• Omron Corporation
• Keyence
• National Instruments
• Sony Corporation

Reasons to buy Machine Vision Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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