Machine Vision Market is Expected to Exceeds USD 15.46 Billion by 2022 with 8.18% of CAGR

Pune, India, July 11, 2017 /MRFR Press Release/- Market Research Future published a cooked research report on Machine Vision Market.

Market Highlights

In this competitive world quality plays a vital role. Maintaining the quality and the relationships with customers is an important element that enhances the growth. For ensuring that level of quality, mainly in a long-run, is a difficult task. Moreover, the rules and regulations have become stricter due to which the quality inspection has become a very important aspect for every manufacturer. Recently customers have become more knowledgeable therefore they have quality as their priority. For quality inspections mistakes may lead to loss or even cause a break of any rules or regulation. Thus, to avoid mistakes, have a proper defect detection along with tolerance monitoring machine vision systems are widely adopted. Some machine vision systems also provide component measurement and some also provide feedback data to the customer about their product quality and process capability.

Global Machine Vision market is expected to show rapid growth in the coming years especially from the automotive industry. On the basis of Type, the global market has been segmented on the basis of 1D, 2D and 3D machine vision. Growing industrialization and high investment on the quality and inspection of in the industry is leading to high demand for the machine vision systems. On the basis of Type, 2D Machine vision is dominating the market and holds the largest market share. growing industries such as Automotive, Healthcare and Automotive are the major driver for the growth of 2D machine vision systems whereas advancement and automation in the manufacturing is pushing the market of 3D machine vision.

The global Machine Vision market is expected to reach USD 15.46 billion by the end of 2022 with 8.18% CAGR during forecast period 2017-2022.

Taste the market data and market information presented through more than 80 market data tables and figures spread over 90 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Machine Vision Market Research Report -Forecast to 2023”.

Access Report Details @ https://www.marketresearchfuture.com/reports/machine-vision-market-1510  

The prominent players in the market of Machine Vision market are – Cognex Corporation (U.S.), Vitronic GmbH (Germany), Perceptron, Inc. (U.S.), Microscan Systems (U.S.), Basler AG (Germany.), National Instruments (U.S.), Optotune AG (Switzerland), USS Vision (U.S.), ViDi Systems SA (Switzerland), Keyence (Japan), Omron Corporation (Japan) among others.

Market Research Future Analysis

There are various industries which uses machine vision for the various application but it is largely dominated by automotive sector and electronics and semiconductor industry. complex product and need of high level of accuracy in the products needs to be addressed very efficiently and machine vision has proven to be more efficient than human eyes. Automotive is dominating the market of Machine Vision, By End User with market share of 29.24%, in the year 2016.

Global Machine Vision Market, By End Users

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