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Machine Vision System Market By Type (1D Vision, 2D Vision, and 3D Vision), Product (PC-Based Machine Vision System, Vision Controllers, Standalone Vision System, Vision Sensors & Image-Based Bar Code Readers, and Others), and Application (Identification, Inspection, Gauging, Positioning, and Others), and End Use (Automotive, Healthcare, Manufacturing, Industrial, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027

A01577
Pages: 370
Aug 2020 | 14192 Views
 
Author(s) : Divyanshi Tewari
Tables: 130
Charts: 84
 

COVID-19

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Machine Vision System Market Outlook – 2027 

The global machine vision system market size was valued at $29.7 billion in 2019, and is projected to reach $74.9 billion by 2027, registering a CAGR of 11.3% from 2020 to 2027. Machine vision technology substitutes human visual sense and judgment capabilities with digital cameras and image processing to complement manual inspections and measurements. Different industries incorporate this technology to automate their production and improve product quality and speed. 

Machine-Vision-System-Market,-2020-2027

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According to machine vision system market trends, machine vision system automatically acquires and analyzes an image to deliver desired information and control machines or processes. It is the automatic extraction of information from digital images for process or quality control. Most manufacturers use automated machine vision instead of human inspectors as it is better suited to repetitive inspection tasks. It is faster, more objective, and works continuously. Machine vision can inspect hundreds or even thousands of parts per minute and provides more consistent and reliable inspection results. 

This system carries out an automatic analysis and inspection of production line, on the basis of imaging, used in process control, verification, measurements, robot guidance, and other functions. Machine vision includes a complete solution starting from acquiring an image to interacting to a management information system. These systems replace incapability of human inspector to maintain a high level of error recognition for a long period.

Rise in demand for industrial applications and growth in demand for vision guided robotics systems are the major factors that boost the global machine vision system market growth. However, lack of skilled professionals in manufacturing units is expected to hamper the machine vision system market share to a certain extent. Furthermore, growth in demand for AI and rise in adoption of industry 4.0 is expected to offer lucrative machine vision system market opportunity globally.

Machine Vision System Market
By Type

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3D Vision segment will grow at a highest rate of 13.1% during 2020-2027

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Segmentation

The report segments the global machine vision system market size on the basis of type, product, application, end use, and region. The type segment is analyzed across 1D Vision, 2D Vision, and 3D Vision. By product, the machine vision system market is studied across PC-based machine vision system, vision controllers, standalone vision system, vision sensors & image-based bar code readers, and others. 

Machine Vision System Market
By Product

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Vision Sensors and Image Based Bar Code Readers segment is projected to be the most lucrative segment

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By application, it is divided into identification, inspection, gauging, positioning, and others. By end use, it is segmented into automotive, healthcare, manufacturing, industrial, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA, along with its prominent countries.

Machine Vision System Market
By Application

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Gauging segment holds a dominant position in 2019 and would maintain the lead during 2020-2027

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The key machine vision system industry leaders profiled in the report include Baumer Ltd., Cgnex Corporation, Canon Inc., FLIR System, Intel Corporation, Keyence Corporation, National Instrument Corporation, Omron Corporation, Texas Instrument, and SICK AG. These key players have adopted various strategies such as product expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration and strengthen their foothold in the industry.

Machine Vision System Market
By End Use

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Manufacturing segment is expected to secure the leading position throughout the forecast period

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Top Impacting Factors

Increase in demand for industrial applications and rise in demand for vision guided robotics systems are the major factors which drives the machine vision system market growth. However, lack of skilled professional in manufacturing units acts as a major barrier for its adoption, which, in turn, hampers growth of the market. On the contrary, growth in trends toward adoption of internet of things (IoT) and AI (Artificial Intelligence) and rise in adoption of industry 4.0 are anticipated to provide lucrative opportunities for the machine vision system market during the forecast period.

Machine Vision System Market
By Region

2027
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific region would exhibit the highest CAGR of 12.4% during 2020-2027

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Increase in Demand For Automation in Industrial Applications

Machine vision effectively replaces human experts for visual inspection and quality control as it is the best solution in case of tedious inspection, where precise information can be quickly extracted. According to machine vision system market analysis, advances in machine vision technology and related software tools have enabled manufacturers to deploy visual inspections that require high-speed, high-magnification, 24-hour operation, and repeatability of measurements. Therefore, rise in demand for automation in industrial applications drive growth of the machine vision system market. 

Lack of Skilled Professionals in Manufacturing Units

Machine vision system enables fast, reliable & precise control, effective production, and increased delivery reliability. However, it incurs high investments in training and education of operators, which is essential to help the technology enter new markets. The system enables flexibility to inspect multiple products on the same smart camera, which is often difficult. Specialized knowledge of equipment is required for implementation of machine vision system. However, this restraint is expected to overcome during the forecast period, owing to constant research activities by key players in the market and increase in penetration of machine vision system in different industries.

Growth in Demand For Industry 4.0

Increase in networking of industrial production requires more intelligent solutions in the field of manufacturing and logistics. Industry 4.0 into logistics and warehousing is on the rise, owing to automation and ubiquity of computing power. Emergence of industry 4.0 harnesses inter-connectivity of machines and its processing. It also enables autonomous production methods powered by internet of things (IoT). 

For instance, according to an online portal PICK-PLACE, it is estimated that by 2020, 55% of the 200-leading global-commerce companies would deploy robotics systems in their order fulfillment, warehouse, and delivery operations. Therefore, emergence of industry 4.0 represents a giant leap in forming connectivity with machines, physical environment, and people, which offers lucrative opportunities for growth of the machine vision system market globally. 

COVID-19 Impact

The economic impact of coronavirus pandemic has been largely disruptive, globally. Companies operating in the semiconductor industry are facing temporarily shut downs of production sites, which has led to decline in revenues for the financial year 2020-2021. COVID-19 has negatively impacted the overall machine vision system market globally, owing to shutdown of manufacturing and production units globally.

In addition, there is a halt in production and adoption of these systems. In addition, owing to disruptions in supply chain of raw materials, especially in Asia-Pacific, the machine vision system market experienced a decline in its revenue, mostly due to drop in its adoption among various industries. The manufacturing industry vertical, which is one of the most prominent user of machine vision systems, is also kept on halt, owing to which the machine vision system market revenue is expected decline.

Key Benefits For Stakeholders

  • This study includes analytical depiction of the machine vision system market forecast along with current trends and future estimations to determine imminent investment pockets.
  • The report presents information regarding the key drivers, restraints, and opportunities in the market.
  • The market growth is quantitatively analyzed from 2019 to 2027 to highlight financial competency of the industry.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Machine Vision System Market Key Segments

By Type

  • 1D Vision
  • 2D Vision
  • 3D Vision

By Product

  • PC-Based Machine Vision System
  • Vision Controllers
  • Standalone Vision System
  • Vision Sensors & Image-Based bar code readers
  • Others

By Application

  • Identification
  • Inspection
  • Gauging
  • Positioning
  • Others

By End Use

  • Automotive
  • Healthcare
  • Manufacturing
  • Industrial
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players

  • Baumer Ltd. 
  • Cgnex Corporation 
  • Canon Inc. 
  • FLIR System 
  • Intel Corporation 
  • Keyence Corporation 
  • National Instrument Corporation 
  • Omron Corporation 
  • Texas Instrument 
  • SICK AG
 

CHAPTER 1:INTRODUCTION

1.1.REPORT DESCRIPTION
1.2.KEY BENEFITS FOR STAKEHOLDERS
1.3.KEY MARKET SEGMENTS
1.4.RESEARCH METHODOLOGY

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.KEY FINDINGS

2.1.1.Top impacting factors
2.1.2.Top investment pockets

2.2.CXO PERSPECTIVE

CHAPTER 3:MARKET OVERVIEW

3.1.MARKET DEFINITION AND SCOPE
3.2.KEY FORCES SHAPING MACHINE VISION SYSTEM MARKET

3.2.1.Moderate bargaining power of suppliers
3.2.2.High threat of new entrants
3.2.3.Moderate threat of substitutes
3.2.4.Moderate intensity of rivalry
3.2.5.Moderate bargaining power of buyers

3.3.PATENT ANALYSIS

3.3.1.Machine Vision System Market, by Applicant (2015-2019)
3.3.2.Machine Vision System Market, by Region (2015-2019)

3.4.MARKET DYNAMICS

3.4.1.Drivers

3.4.1.1.Increasing demand for automation in industrial applications
3.4.1.2.Growing demand for vision guided system

3.4.2.Restraint

3.4.2.1.Lack of skilled professionals in manufacturing units

3.4.3.Opportunity

3.4.3.1.Growing trends towards internet of things (IoT) and AI (Artificial Intelligence)
3.4.3.2.Growing demand for industry 4.0

CHAPTER 4:MACHINE VISION SYSTEM MARKET, BY TYPE

4.1.OVERVIEW
4.2.1D VISION

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis by country

4.3.2D VISION

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis by country

4.4.3D VISION

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis by country

CHAPTER 5:MACHINE VISION SYSTEM MARKET, BY PRODUCT

5.1.OVERVIEW
5.2.PC BASED MACHINE VISION SYSTEM

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis by country

5.3.VISION CONTROLLERS

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis by country

5.4.STANDALONE VISION SYSTEM

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis by country

5.5.VISION SENSORS AND IMAGE BASED BAR CODE READERS

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by region
5.5.3.Market analysis by country

5.6.OTHERS

5.6.1.Key market trends, growth factors, and opportunities
5.6.2.Market size and forecast, by region
5.6.3.Market analysis by country

CHAPTER 6:MACHINE VISION SYSTEM MARKET, BY APPLICATION

6.1.OVERVIEW
6.2.IDENTIFICATION

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis by country

6.3.INSPECTION

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis by country

6.4.GAUGING

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market analysis by country

6.5.POSITIONING

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by region
6.5.3.Market analysis by country

6.6.OTHERS

6.6.1.Key market trends, growth factors, and opportunities
6.6.2.Market size and forecast, by region
6.6.3.Market analysis by country

CHAPTER 7:MACHINE VISION SYSTEM MARKET, BY END USE

7.1.OVERVIEW
7.2.AUTOMOTIVE

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by region
7.2.3.Market analysis by country

7.3.HEALTHCARE

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by region
7.3.3.Market analysis by country

7.4.MANUFACTURING

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by region
7.4.3.Market analysis by country

7.5.INDUSTRIAL

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by region
7.5.3.Market analysis by country

7.6.OTHERS

7.6.1.Key market trends, growth factors, and opportunities
7.6.2.Market size and forecast, by region
7.6.3.Market analysis by country

CHAPTER 8:MACHINE VISION SYSTEM MARKET, BY REGION

8.1.OVERVIEW
8.2.NORTH AMERICA

8.2.1.Key market trends, growth factors, and opportunities
8.2.2.Market size and forecast, by Type
8.2.3.Market size and forecast, by Product
8.2.4.Market size and forecast, by Application
8.2.5.Market size and forecast, by End Use
8.2.6.Market analysis by country

8.2.6.1.U.S.

8.2.6.1.1.Market size and forecast, by type
8.2.6.1.2.Market size and forecast, by Product
8.2.6.1.3.Market size and forecast, by Application
8.2.6.1.4.Market size and forecast, by end use

8.2.6.2.Canada

8.2.6.2.1.Market size and forecast, by type
8.2.6.2.2.Market size and forecast, by Product
8.2.6.2.3.Market size and forecast, by Application
8.2.6.2.4.Market size and forecast, by end use

8.2.6.3.Mexico

8.2.6.3.1.Market size and forecast, by type
8.2.6.3.2.Market size and forecast, by Product
8.2.6.3.3.Market size and forecast, by Application
8.2.6.3.4.Market size and forecast, by end use

8.3.EUROPE

8.3.1.Key market trends, growth factors, and opportunities
8.3.2.Market size and forecast, by Type
8.3.3.Market size and forecast, by Product
8.3.4.Market size and forecast, by Application
8.3.5.Market size and forecast, by End Use
8.3.6.Market analysis by country

8.3.6.1.UK

8.3.6.1.1.Market size and forecast, by type
8.3.6.1.2.Market size and forecast, by Product
8.3.6.1.3.Market size and forecast, by Application
8.3.6.1.4.Market size and forecast, by end use

8.3.6.2.Germany

8.3.6.2.1.Market size and forecast, by type
8.3.6.2.2.Market size and forecast, by Product
8.3.6.2.3.Market size and forecast, by Application
8.3.6.2.4.Market size and forecast, by end use

8.3.6.3.France

8.3.6.3.1.Market size and forecast, by type
8.3.6.3.2.Market size and forecast, by Product
8.3.6.3.3.Market size and forecast, by Application
8.3.6.3.4.Market size and forecast, by end use

8.3.6.4.Rest of Europe

8.3.6.4.1.Market size and forecast, by type
8.3.6.4.2.Market size and forecast, by Product
8.3.6.4.3.Market size and forecast, by Application
8.3.6.4.4.Market size and forecast, by end use

8.4.ASIA-PACIFIC

8.4.1.Key market trends, growth factors, and opportunities
8.4.2.Market size and forecast, by Type
8.4.3.Market size and forecast, by Product
8.4.4.Market size and forecast, by Application
8.4.5.Market size and forecast, by End Use
8.4.6.Market analysis by country

8.4.6.1.China

8.4.6.1.1.Market size and forecast, by type
8.4.6.1.2.Market size and forecast, by Product
8.4.6.1.3.Market size and forecast, by Application
8.4.6.1.4.Market size and forecast, by end use

8.4.6.2.Japan

8.4.6.2.1.Market size and forecast, by type
8.4.6.2.2.Market size and forecast, by Product
8.4.6.2.3.Market size and forecast, by Application
8.4.6.2.4.Market size and forecast, by end use

8.4.6.3.India

8.4.6.3.1.Market size and forecast, by type
8.4.6.3.2.Market size and forecast, by Product
8.4.6.3.3.Market size and forecast, by Application
8.4.6.3.4.Market size and forecast, by end use

8.4.6.4.South Korea

8.4.6.4.1.Market size and forecast, by type
8.4.6.4.2.Market size and forecast, by Product
8.4.6.4.3.Market size and forecast, by Application
8.4.6.4.4.Market size and forecast, by end use

8.4.6.5.Rest of Asia-Pacific

8.4.6.5.1.Market size and forecast, by type
8.4.6.5.2.Market size and forecast, by Product
8.4.6.5.3.Market size and forecast, by Application
8.4.6.5.4.Market size and forecast, by end use

8.5.LAMEA

8.5.1.Key market trends, growth factors, and opportunities
8.5.2.Market size and forecast, by Type
8.5.3.Market size and forecast, by Product
8.5.4.Market size and forecast, by Application
8.5.5.Market size and forecast, by End Use
8.5.6.Market analysis by country

8.5.6.1.Latin America

8.5.6.1.1.Market size and forecast, by type
8.5.6.1.2.Market size and forecast, by Product
8.5.6.1.3.Market size and forecast, by Application
8.5.6.1.4.Market size and forecast, by end use

8.5.6.2.Middle East

8.5.6.2.1.Market size and forecast, by type
8.5.6.2.2.Market size and forecast, by Product
8.5.6.2.3.Market size and forecast, by Application
8.5.6.2.4.Market size and forecast, by end use

8.5.6.3.Africa

8.5.6.3.1.Market size and forecast, by type
8.5.6.3.2.Market size and forecast, by Product
8.5.6.3.3.Market size and forecast, by Application
8.5.6.3.4.Market size and forecast, by end use

CHAPTER 9:COMPETITIVE LANDSCAPE

9.1.INTRODUCTION
9.2.TOP WINNING STRATEGIES

9.2.1.Top winning strategies, by year
9.2.2.Top winning strategies, by development
9.2.3.Top winning strategies, by company

9.3.PRODUCT MAPPING OF TOP 10 PLAYER
9.4.COMPETITIVE DASHBOARD
9.5.COMPETITIVE HEATMAP

CHAPTER 10:COMPANY PROFILES

10.1.BAUMER LTD.

10.1.1.Company overview
10.1.2.Company snapshot
10.1.3.Operating business segments
10.1.4.Key strategic moves and developments

10.2.COGNEX CORPORATION

10.2.1.Company overview
10.2.2.Company snapshot
10.2.3.Operating business segments
10.2.4.Product portfolio
10.2.5.R&D expenditure
10.2.6.Business performance
10.2.7.Key strategic moves and developments

10.3.CANON, INC.

10.3.1.Company overview
10.3.2.Key Executives
10.3.3.Company snapshot
10.3.4.Operating business segments
10.3.5.R&D Expenditure
10.3.6.Business performance
10.3.7.Key strategic moves and developments

10.4.FLIR SYSTEMS, INC.

10.4.1.Company overview
10.4.2.Company snapshot
10.4.3.Operating business segments
10.4.4.R&D Expenditure
10.4.5.Business performance
10.4.6.Key strategic moves and developments

10.5.INTEL CORPORATION

10.5.1.Company overview
10.5.2.Key executives
10.5.3.Company snapshot
10.5.4.Operating business segments
10.5.5.R&D expenditure
10.5.6.Business performance

10.6.KEYENCE CORPORATION

10.6.1.Company overview
10.6.2.Company snapshot
10.6.3.Product portfolio
10.6.4.Business performance
10.6.5.Key strategic moves and developments

10.7.NATIONAL INSTRUMENT CORPORATION

10.7.1.Company overview
10.7.2.Company snapshot
10.7.3.Operating business segments
10.7.4.Product portfolio
10.7.5.Business performance
10.7.6.Key strategic moves and developments

10.8.OMRON CORPORATION

10.8.1.Company overview
10.8.2.Company snapshot
10.8.3.Operating business segments
10.8.4.Product portfolio
10.8.5.R&D expenditure
10.8.6.Business performance
10.8.7.Key strategic moves and developments

10.9.TEXAS INSTRUMENTS

10.9.1.Company overview
10.9.2.Company snapshot
10.9.3.Operating business segments
10.9.4.R&D expenditure
10.9.5.Business performance

10.10.SICK AG

10.10.1.Company overview
10.10.2.Company snapshot
10.10.3.Operating business segments
10.10.4.3D Vision portfolio
10.10.5.Key strategic moves and developments

LIST OF TABLES

TABLE 01.GLOBAL MACHINE VISION SYSTEM MARKET, BY TYPE, 2019–2027($MILLION)
TABLE 02.MACHINE VISION SYSTEM MARKET REVENUE FOR 1D VISION, BY REGION, 2019–2027($MILLION)
TABLE 03.MACHINE VISION SYSTEM MARKET REVENUE FOR 2D VISION, BY REGION, 2019–2027($MILLION)
TABLE 04.MACHINE VISION SYSTEM MARKET REVENUE FOR 3D VISION, BY REGION, 2019–2027($MILLION)
TABLE 05.GLOBAL MACHINE VISION SYSTEM MARKET, BY PRODUCT, 2019–2027($MILLION)
TABLE 06.MACHINE VISION SYSTEM MARKET REVENUE FOR PC BASED MACHINE VISION SYSTEM, BY REGION, 2019–2027($MILLION)
TABLE 07.MACHINE VISION SYSTEM MARKET REVENUE FOR VISION CONTROLLERS, BY REGION, 2019–2027($MILLION)
TABLE 08.MACHINE VISION SYSTEM MARKET REVENUE FOR STANDALONE VISION SYSTEM, BY REGION, 2019–2027($MILLION)
TABLE 09.MACHINE VISION SYSTEM MARKET REVENUE FOR VISION SENSORS AND IMAGE BASED BAR CODE READERS, BY REGION, 2019–2027($MILLION)
TABLE 10.MACHINE VISION SYSTEM MARKET REVENUE FOR OTHERS, BY REGION, 2019–2027($MILLION)
TABLE 11.GLOBAL MACHINE VISION SYSTEM MARKET REVENUE, BY APPLICATION, 2019–2027($MILLION)
TABLE 12.MACHINE VISION SYSTEM MARKET REVENUE FOR IDENTIFICATION, BY REGION, 2019–2027($MILLION)
TABLE 13.MACHINE VISION SYSTEM MARKET REVENUE FOR INSPECTION, BY REGION, 2019–2027($MILLION)
TABLE 14.MACHINE VISION SYSTEM MARKET REVENUE FOR GAUGING, BY REGION, 2019–2027($MILLION)
TABLE 15.MACHINE VISION SYSTEM MARKET REVENUE FOR POSITIONING, BY REGION, 2019–2027($MILLION)
TABLE 16.MACHINE VISION SYSTEM MARKET REVENUE FOR OTHERS, BY REGION, 2019–2027($MILLION)
TABLE 17.GLOBAL MACHINE VISION SYSTEM MARKET REVENUE, BY END USE, 2019–2027($MILLION)
TABLE 18.MACHINE VISION SYSTEM MARKET REVENUE FOR AUTOMOTIVE, BY REGION, 2019–2027($MILLION)
TABLE 19.MACHINE VISION SYSTEM MARKET REVENUE FOR HEALTHCARE, BY REGION, 2019–2027($MILLION)
TABLE 20.MACHINE VISION SYSTEM MARKET REVENUE FOR MANUFACTURING, BY REGION, 2019–2027($MILLION)
TABLE 21.MACHINE VISION SYSTEM MARKET REVENUE FOR INDUSTRIAL, BY REGION, 2019–2027($MILLION)
TABLE 22.MACHINE VISION SYSTEM MARKET REVENUE FOR OTHERS, BY REGION, 2019–2027($MILLION)
TABLE 23.GLOBAL MACHINE VISION SYSTEM MARKET REVENUE , BY REGION, 2019–2027($MILLION)
TABLE 24.NORTH AMERICA MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 25.NORTH AMERICA MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 26.NORTH AMERICA MACHINE VISION SYSTEM MARKET REVENUE, BY APPLICATION, 2019–2027($MILLION)
TABLE 27.NORTH AMERICA MACHINE VISION SYSTEM MARKET REVENUE, BY END USE, 2019–2027($MILLION)
TABLE 28.U.S. MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 29.U.S. MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 30.U.S. MACHINE VISION SYSTEM MARKET REVENUE, BY APPLICATION, 2019–2027($MILLION)
TABLE 31.U.S. MACHINE VISION SYSTEM MARKET REVENUE, BY END USE, 2019–2027($MILLION)
TABLE 32.CANADA MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 33.CANADA MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 34.CANADA MACHINE VISION SYSTEM MARKET REVENUE, BY APPLICATION, 2019–2027($MILLION)
TABLE 35.CANADA MACHINE VISION SYSTEM MARKET REVENUE, BY END USE, 2019–2027($MILLION)
TABLE 36.MEXICO MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 37.MEXICO MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 38.MEXICO MACHINE VISION SYSTEM MARKET REVENUE, BY APPLICATION, 2019–2027($MILLION)
TABLE 39.MEXICO MACHINE VISION SYSTEM MARKET REVENUE, BY END USE, 2019–2027($MILLION)
TABLE 40.EUROPE MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 41.EUROPE MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 42.EUROPE MACHINE VISION SYSTEM MARKET REVENUE, BY APPLICATION, 2019–2027($MILLION)
TABLE 43.EUROPE MACHINE VISION SYSTEM MARKET REVENUE, BY END USE, 2019–2027($MILLION)
TABLE 44.UK MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 45.UK. MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 46.UK MACHINE VISION SYSTEM MARKET REVENUE, BY APPLICATION, 2019–2027($MILLION)
TABLE 47.UK MACHINE VISION SYSTEM MARKET REVENUE, BY END USE, 2019–2027($MILLION)
TABLE 48.GERMANY MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 49.GERMANY MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 50.GERMANY MACHINE VISION SYSTEM MARKET REVENUE, BY APPLICATION, 2019–2027($MILLION)
TABLE 51.GERMANY MACHINE VISION SYSTEM MARKET REVENUE, BY END USE, 2019–2027($MILLION)
TABLE 52.FRANCE MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 53.FRANCE MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 54.FRANCE MACHINE VISION SYSTEM MARKET REVENUE, BY APPLICATION, 2019–2027($MILLION)
TABLE 55.FRANCE MACHINE VISION SYSTEM MARKET REVENUE, BY END USE, 2019–2027($MILLION)
TABLE 56.REST OF EUROPE MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 57.REST OF EUROPE MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 58.REST OF EUROPE MACHINE VISION SYSTEM MARKET REVENUE, BY APPLICATION, 2019–2027($MILLION)
TABLE 59.REST OF EUROPE MACHINE VISION SYSTEM MARKET REVENUE, BY END USE, 2019–2027($MILLION)
TABLE 60.ASIA PACIFIC MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 61.ASIA PACIFIC MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 62.ASIA PACIFIC MACHINE VISION SYSTEM MARKET REVENUE, BY APPLICATION, 2019–2027($MILLION)
TABLE 63.ASIA PACIFIC MACHINE VISION SYSTEM MARKET REVENUE, BY END USE, 2019–2027($MILLION)
TABLE 64.CHINA MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 65.CHINA MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 66.CHINA MACHINE VISION SYSTEM MARKET REVENUE, BY APPLICATION, 2019–2027($MILLION)
TABLE 67.CHINA MACHINE VISION SYSTEM MARKET REVENUE, BY END USE, 2019–2027($MILLION)
TABLE 68.JAPAN MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 69.JAPAN MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 70.JAPAN MACHINE VISION SYSTEM MARKET REVENUE, BY APPLICATION, 2019–2027($MILLION)
TABLE 71.JAPAN MACHINE VISION SYSTEM MARKET REVENUE, BY END USE, 2019–2027($MILLION)
TABLE 72.INDIA MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 73.INDIA MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 74.INDIA MACHINE VISION SYSTEM MARKET REVENUE, BY APPLICATION, 2019–2027($MILLION)
TABLE 75.INDIA MACHINE VISION SYSTEM MARKET REVENUE, BY END USE, 2019–2027($MILLION)
TABLE 76.SOUTH KOREA MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 77.SOUTH KOREA MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 78.SOUTH KOREA MACHINE VISION SYSTEM MARKET REVENUE, BY APPLICATION, 2019–2027($MILLION)
TABLE 79.SOUTH KOREA MACHINE VISION SYSTEM MARKET REVENUE, BY END USE, 2019–2027($MILLION)
TABLE 80.REST OF ASIA PACIFIC  MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 81.REST OF ASIA PACIFIC  MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 82.REST OF ASIA PACIFIC  MACHINE VISION SYSTEM MARKET REVENUE, BY APPLICATION, 2019–2027($MILLION)
TABLE 83.REST OF ASIA PACIFIC  MACHINE VISION SYSTEM MARKET REVENUE, BY END USE, 2019–2027($MILLION)
TABLE 84.LAMEA MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 85.LAMEA MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 86.LAMEA MACHINE VISION SYSTEM MARKET REVENUE, BY APPLICATION, 2019–2027($MILLION)
TABLE 87.LAMEA MACHINE VISION SYSTEM MARKET REVENUE, BY END USE, 2019–2027($MILLION)
TABLE 88.LATIN AMERICA MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 89.LATIN AMERICA MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 90.LATIN AMERICA MACHINE VISION SYSTEM MARKET REVENUE, BY APPLICATION, 2019–2027($MILLION)
TABLE 91.LATIN AMERICA MACHINE VISION SYSTEM MARKET REVENUE, BY END USE, 2019–2027($MILLION)
TABLE 92.MIDDLE EAST MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 93.MIDDLE EAST MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 94.MIDDLE EAST MACHINE VISION SYSTEM MARKET REVENUE, BY APPLICATION, 2019–2027($MILLION)
TABLE 95.MIDDLE EAST MACHINE VISION SYSTEM MARKET REVENUE, BY END USE, 2019–2027($MILLION)
TABLE 96.AFRICA MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 97.AFRICA MACHINE VISION SYSTEM MARKET REVENUE, BY TYPE, 2019–2027($MILLION)
TABLE 98.AFRICA MACHINE VISION SYSTEM MARKET REVENUE, BY APPLICATION, 2019–2027($MILLION)
TABLE 99.AFRICA MACHINE VISION SYSTEM MARKET REVENUE, BY END USE, 2019–2027($MILLION)
TABLE 100.BAUMER  LTD.: COMPANY SNAPSHOT
TABLE 101.BAUMER LED.: OPERATING BUSINESS CATEGORY
TABLE 102.BAUMER LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 103.COGNEX.: COMPANY SNAPSHOT
TABLE 104.MICROCHIP PRODUCT INC.: OPERATING SEGMENTS
TABLE 105.COGNEX CORPORATION.: PRODUCT PORTFOLIO
TABLE 106.COGNEX.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 107.KEY EXECUTIVES
TABLE 108.CANON INC.: COMPANY SNAPSHOT
TABLE 109.CANON INC.: OPERATING SEGMENTS
TABLE 110.FLIR SYSTEMS, INC.: COMPANY SNAPSHOT
TABLE 111.FLIR SYSTEMS, INC.: OPERATING SEGMENTS
TABLE 112.FLIR SYSTEMS, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 113.INTEL CORPORATION: KEY EXECUTIVES
TABLE 114.INTEL CORPORATION: COMPANY SNAPSHOT
TABLE 115.INTEL CORPORATION: OPERATING SEGMENTS
TABLE 116.KEYENCE CORPORATION: COMPANY SNAPSHOT
TABLE 117.KEYENCE CORPORATION: PRODUCT PORTFOLIO
TABLE 118.KEYENCE CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 119.NATIONAL INSTRUMENT: COMPANY SNAPSHOT
TABLE 120.NATIONAL INSTRUMENT: OPERATING SEGMENTS
TABLE 121.NATIONAL INSTRUMENT: PRODUCT PORTFOLIO
TABLE 122.OMRON.: COMPANY SNAPSHOT
TABLE 123.OMRON: OPERATING SEGMENTS
TABLE 124.OMRON: 3D VISION PORTFOLIO
TABLE 125.OMRON: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 126.TEXAS INSTRUMENTS: COMPANY SNAPSHOT
TABLE 127.TEXAS INSTRUMENTS: OPERATING SEGMENTS
TABLE 128.SICK: COMPANY SNAPSHOT
TABLE 129.SICK: OPERATING SEGMENTS
TABLE 130.SICK: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.EXECUTIVE SUMMARY
FIGURE 04.EXECUTIVE SUMMARY
FIGURE 05.TOP IMPACTING FACTORS
FIGURE 06.TOP INVESTMENT POCKETS
FIGURE 07.PATENT ANALYSIS, BY APPLICANT
FIGURE 08.PATENT ANALYSIS, BY REGION
FIGURE 09.GLOBAL MACHINE VISION SYSTEM MARKET, BY TYPE, 2020–2027
FIGURE 10.COMPARATIVE SHARE ANALYSIS OF MACHINE VISION SYSTEM MARKET FOR 1D VISION, BY COUNTRY, 2019 & 2027 (%)
FIGURE 11.COMPARATIVE SHARE ANALYSIS OF MACHINE VISION SYSTEM MARKET FOR 2D VISION, BY COUNTRY,  2019 & 2027 (%)
FIGURE 12.COMPARATIVE SHARE ANALYSIS OF MACHINE VISION SYSTEM MARKET FOR 3D MACHINE VISION SYSTEM, BY COUNTRY,  2019 & 2027 (%)
FIGURE 13.GLOBAL MACHINE VISION SYSTEM MARKET, BY PRODUCT, 2020–2027
FIGURE 14.COMPARATIVE SHARE ANALYSIS OF MACHINE VISION SYSTEM MARKET FOR PC BASED MACHINE VISION SYSTEM, BY COUNTRY, 2019 & 2027 (%)
FIGURE 15.COMPARATIVE SHARE ANALYSIS OF MACHINE VISION SYSTEM MARKET FOR VISION CONTROLLERS, BY COUNTRY,  2019 & 2027 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF MACHINE VISION SYSTEM MARKET FOR STANDALONE VISION SYSTEM, BY COUNTRY,  2019 & 2027 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF MACHINE VISION SYSTEM MARKET FOR VISION SENSORS AND IMAGE BASED BAR CODE READERS, BY COUNTRY,  2019 & 2027 (%)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF MACHINE VISION SYSTEM MARKET FOR OTHERS, BY COUNTRY,  2019 & 2027 (%)
FIGURE 19.GLOBAL MACHINE VISION SYSTEM MARKET, BY APPLICATION, 2020–2027
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF MACHINE VISION SYSTEM MARKET FOR IDENTIFICATION, BY COUNTRY, 2019 & 2027 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF MACHINE VISION SYSTEM MARKET FOR INSPECTION, BY COUNTRY,  2019 & 2027 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF SHARE MACHINE VISION SYSTEM MARKET FOR GAUGING, BY COUNTRY,  2019 & 2027 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF SHARE MACHINE VISION SYSTEM MARKET FOR POSITIONING, BY COUNTRY,  2019 & 2027 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF SHARE MACHINE VISION SYSTEM MARKET FOR OTHERS, BY COUNTRY,  2019 & 2027 (%)
FIGURE 25.GLOBAL MACHINE VISION SYSTEM MARKET, BY END USE, 2020–2027
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF MACHINE VISION SYSTEM MARKET FOR AUTOMOTIVE, BY COUNTRY, 2019 & 2027 (%)
FIGURE 27.COMPARATIVE SHARE ANALYSIS OF MACHINE VISION SYSTEM MARKET FOR HEALTHCARE, BY COUNTRY, 2019 & 2027 (%)
FIGURE 28.COMPARATIVE SHARE ANALYSIS OF MACHINE VISION SYSTEM MARKET FOR MANUFACTURING, BY COUNTRY, 2019 & 2027 (%)
FIGURE 29.COMPARATIVE SHARE ANALYSIS OF MACHINE VISION SYSTEM MARKET FOR INDUSTRIAL, BY COUNTRY, 2019 & 2027 (%)
FIGURE 30.COMPARATIVE SHARE ANALYSIS OF MACHINE VISION SYSTEM MARKET FOR OTHERS, BY COUNTRY, 2019 & 2027 (%)
FIGURE 31.GLOBAL MACHINE VISION SYSTEM MARKET, BY REGION, 2020–2027
FIGURE 32.COMPARATIVE SHARE ANALYSIS OF MACHINE VISION SYSTEM MARKET, BY COUNTRY, 2019–2027(%)
FIGURE 33.U.S. MACHINE VISION SYSTEM MARKET REVENUE, 2019–2027($MILLION)
FIGURE 34.CANADA MACHINE VISION SYSTEM MARKET REVENUE, 2019–2027($MILLION)
FIGURE 35.MEXICO MACHINE VISION SYSTEM MARKET REVENUE, 2019–2027($MILLION)
FIGURE 36.COMPARATIVE SHARE ANALYSIS OF MACHINE VISION SYSTEM MARKET, BY COUNTRY, 2019–2027(%)
FIGURE 37.UK MACHINE VISION SYSTEM MARKET REVENUE, 2019–2027($MILLION)
FIGURE 38.GERMANY MACHINE VISION SYSTEM MARKET REVENUE, 2019–2027($MILLION)
FIGURE 39.FRANCE MACHINE VISION SYSTEM MARKET REVENUE, 2019–2027($MILLION)
FIGURE 40.REST OF EUROPE MACHINE VISION SYSTEM MARKET REVENUE, 2019–2027($MILLION)
FIGURE 41.COMPARATIVE SHARE ANALYSIS OF MACHINE VISION SYSTEM MARKET, BY COUNTRY, 2019–2027(%)
FIGURE 42.CHINA MACHINE VISION SYSTEM MARKET REVENUE, 2019–2027($MILLION)
FIGURE 43.JAPAN MACHINE VISION SYSTEM MARKET REVENUE, 2019–2027($MILLION)
FIGURE 44.INDIA MACHINE VISION SYSTEM MARKET REVENUE, 2019–2027($MILLION)
FIGURE 45.SOUTH KOREA MACHINE VISION SYSTEM MARKET REVENUE, 2019–2027($MILLION)
FIGURE 46.REST OF ASIA-PACIFIC MACHINE VISION SYSTEM MARKET REVENUE, 2019–2027($MILLION)
FIGURE 47.COMPARATIVE SHARE ANALYSIS OF MACHINE VISION SYSTEM MARKET, BY COUNTRY, 2019–2027(%)
FIGURE 48.LATIN AMERICA MACHINE VISION SYSTEM MARKET REVENUE, 2019–2027($MILLION)
FIGURE 49.MIDDLE EAST MACHINE VISION SYSTEM MARKET REVENUE, 2019–2027($MILLION)
FIGURE 50.AFRICA MACHINE VISION SYSTEM MARKET REVENUE, 2019–2027($MILLION)
FIGURE 51.TOP WTOP WINNING STRATEGIES, BY YEAR, 2016–2019
FIGURE 52.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2016–2019 (%)
FIGURE 53.TOP WINNING STRATEGIES, BY COMPANY, 2015–2018
FIGURE 54.PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 55.COMPETITIVE DASHBOARD
FIGURE 56.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 57.R&D EXPENDITURE, 2017-2019 ($MILLION)
FIGURE 58.COGNEX CORPORATION.: REVENUE, 2017–2019 ($MILLION)
FIGURE 59.COGNEX: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 60.CANON INC., 2016–2018 ($MILLION)
FIGURE 61.CANON INC.: NET SALES, 2016-2018 ($MILLION)
FIGURE 62.CANON INC.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 63.CANON INC.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 64.FLIR SYSTEMS, INC.: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 65.FLIR SYSTEMS, INC.: REVENUE, 2017–2019 ($MILLION)
FIGURE 66.FLIR SYSTEMS, INC.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 67.R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 68.INTEL CORPORATION: REVENUE, 2017–2019 ($MILLION)
FIGURE 69.INTEL CORPORATION: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 70.KEYENCE CORPORATION: REVENUE, 2017–2019 ($MILLION)
FIGURE 71.KEYENCE CORPORATION: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 72.KEY EXECUTIVES
FIGURE 73.NATIONAL INSTRUMENT: REVENUE, 2017 & 2019 ($MILLION)
FIGURE 74.NATIONAL INSTRUMENT: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 75.NATIONAL INSTRUMENT: KEY MARKET STRATEGIES
FIGURE 76.R&D EXPENDITURE, 2017-2019 ($MILLION)
FIGURE 77.OMRON: NET SALES, 2016–2018 ($MILLION)
FIGURE 78.OMRON: REVENUE SHARE, BY SEGMENT, 2019 (%)
FIGURE 79.OMRON: REVENUE SHARE, BY REGION, 2019 (%)
FIGURE 80.R&D EXPENDITURE, 2017-2019 ($MILLION)
FIGURE 81.TEXAS INSTRUMENTS: NET SALES, 2017–2019 ($MILLION)
FIGURE 82.TEXAS INSTRUMENTS: REVENUE SHARE, BY SEGMENT, 201 (9%)
FIGURE 83.TEXAS INSTRUMENTS: REVENUE SHARE, BY REGION, 2018 (%)
FIGURE 84.SICK AG: KEY MARKET STRATEGIES

 
 

The machine vision market holds high potential in the healthcare, industrial, and automotive sector. The current business scenario experiences rapid development in smart infrastructure and smart devices leading to readiness for adoption of this technology, particularly in developed and developing regions such as North America, Asia-Pacific, and Europe. Companies in this industry adopt various innovative techniques to provide customers with advanced and innovative features.

The machine vision system market holds high potential in automotive, industrial, and manufacturing sectors. Machine vision system effectively replaces human experts for visual inspection and quality control as it provides precise information and can be quickly extracted. Advances in machine vision technology and related software tools have enabled manufacturers to deploy visual inspections that require high-speed, high-magnification, 24-hour operation, and repeatability of measurements. Therefore, rise in demand of automation in various industry verticals drive the growth of machine vision system market. 

Rise in demand for higher quality, less machine downtime, reduced setup time, increased productivity, and production flexibility in applications such as inspection, measurement, gauging, and assembly verification boosts the market growth. Major disadvantages of human inspection, such as long-term inconsistency, need of rest period, slower speed than machines, and variation among different inspectors also boost growth of the market.

Continued evolution of complementary metal oxide semiconductor (CMOS) image sensors and rise in demand for automation in industrial applications supplement the market growth. Machine vision facilitates cost-effective, faster, and high functionality & accuracy for inspection procedure. Machine vision system maintains a high level of error recognition for a long period of time, thus, enabling high-speed production lines, clean room environments, microscopic inspection, closed-loop process control, robot guidance, and precise non-contact measurement.
 

 
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A. The Machine Vision System Market is expected to grow at a CAGR of 11.3% from 2020 to 2027.

A. The Machine Vision System Market is projected to reach $74.9 billion by 2027.

A. To get the latest version of sample report

A. Increase in demand for industrial applications and rise in demand for vision guided robotics systems boosts the Machine Vision System market growth.

A. The key players profiled in the report include Baumer Ltd., Cgnex Corporation, Canon Inc., FLIR System, Intel Corporation, Keyence Corporation, National Instrument Corporation, and many more.

A. On the basis of top growing big corporations, we select top 10 players.

A. The Machine Vision System Market is segmented on the basis of type, product, application, end use, and region.

A. The key growth strategies of Machine Vision System market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.

A. Vision Sensors and Image Based Bar Code Readers segment is projected to be the most lucrative segment.

A. Manufacturing segment is expected to secure the leading position throughout the forecast period.

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