Global Machine Vision Market to Amount to USD 15.46 Bn by 2022, Expects MRFR in Its All-Around Report Available at MarketPublishers.com13 Sep 2017 • by Natalie Aster
LONDON – Encouraged by a range of favourable factors like rising need for quality inspection, surging miniaturisation of products and increasing standardisation, the global market for machine vision is expected to witness significant stable growth up till 2022. The demand for machine vision systems is further driven by rising investments and expanding industrialisation.
Globally, the machine vision market is predicted to reach about USD 15.46 billion by 2022, posting an 8.18% CAGR during 2017-2022. As of 2016, the value of this market stood at appr. USD 9.45 billion.
Nowadays, the machine vision market is dominated by the 2D type. Meantime, the 3D machine vision sector is gaining momentum with the highest revenue value; through 2022 it is predicted to increase at a 11.23% CAGR to exceed USD 5.73 billion.
Regionally, the leadership in the market belongs to North America; it is followed by the European region. Meantime, APAC remains the fastest growing regional market due to continued uptake in the regional pharmaceutical industry. The APAC machine vision market is anticipated to demonstrate high revenue growth at a healthy 5% CAGR up to 2022.
Some of the key companies in the market for machine vision include Vitronic GmbH, Optotune AG, Cognex Corporation, ViDi Systems SA, Microscan Systems.
All-round research publication “Global Machine Vision Market Analysis & Forecast 2016 To 2022” issued by Market Research Future (MRFR) offers a profound insight into the current situation in the world’s market for machine vision. The report includes a detailed analysis of the market structure along with an insightful overview of the market segmentation based on types, applications, components, geography and end-users. It also examines the market dynamics, focusing on the key market growth drivers, challenges, restraints, future opportunities, current and emerging trends. The market supply chain analysis
and Porter’s five forces analysis are also provided in the report. Moreover, the research report traces light on the competitive landscape, profiles the main market players and reviews the most recent business activities like JVs, strategic alliances, mergers and acquisitions, new product launches, and R&D activities. Besides, the report provides a comprehensive future outlook for the market through 2022.
Other insightful research reports by our publisher, MRFR, are available in its catalogue at MarketPublishers.com.