The global machine vision systems market accounted for US$ 9.11 Bn in 2018 and is expected to grow at a CAGR of 7.5% during the forecast period 2019 – 2027, to reach US$ 17.57 Bn by 2027.
With the increasing adoption of machine vision systems in various industrial verticals for production automation, the demand for machine vision technology is likely to increase in the coming years. The machine vision systems help in identifying defects that are difficult to inspect and visualize by humans. The functions performed by machine vision systems include surface defects, missing features, assembly errors, and detection of damaged parts. Machine vision also helps in aligning the parts for high accuracy in assembly operations.
The key players profiled in the Machine Vision Systems Market research study includes:
- Basler AG
- Cognex Corporation
- Datalogic S.p.A
- FLIR Systems, Inc.
- IDS Imaging Development Systems GmbH
- ISRA VISION AG
- Keyence Corporation
- OmniVision Technologies, Inc.
- Omron Microscan Systems, Inc.
- Teledyne Technologies Incorporated
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Since, the key findings in the Machine Vision Systems Market research reports highlight crucial progressive industry trends, it allows the companies across the value chain to develop effective long-term strategies. The clients get to understand a clear picture of the competitors and can develop strategies and modify business expansion plans accordingly. The Machine Vision Systems Market research reports cover thousands of global players that based on several parameters, such as company revenue, product portfolio, and geographic presence.
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