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Increasing Adoption of 3d Machine Vision Systems is Driving the Growth of the Machine Vision Market

the overall machine vision market is expected to be valued at USD 14.43 Billion by 2022, growing at a CAGR of 8.15% between 2016 and 2022.

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Increasing Adoption of 3d Machine Vision Systems is Driving the Growth of the Machine Vision Market

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  1. MarketsandMarkets Presents Machine Vision Market worth 14.43 Billion USD by 2022 According to the new market research report, "Machine Vision Market by Component (Hardware (Camera, Frame Grabber, Optics, Processor) and Software (Deep Learning and Application Specific)), Product (PC Systems and Smart Camera Systems), Application, Vertical, and Geography - Global Forecast to 2022", the overall machine vision market is expected to be valued at USD 14.43 Billion by 2022, growing at a CAGR of 8.15% between 2016 and 2022.

  2. The overall machine vision market is expected to grow from USD 8.12 Billion in 2015 to USD 14.43 Billion by 2022, at a CAGR of 8.15% between 2016 and 2022. This report provides the market size and future growth potential of the machine vision market across different segments such as component, product, application, vertical, and geography. The study identifies and analyses the market dynamics such as drivers, restraints, opportunities, and industry-specific challenges for the market. It also profiles the key players operating in the studied market. Increasing need for quality inspection and automation is expected to propel the growth of the machine vision market. The base year considered for the study is 2015, and the market size forecast is provided for the period between 2016 and 2022. Download PDF Brochure : http://www.marketsandmarkets.com/pdfdownload.asp?id=963 According to MarketsandMarkets’ forecast, the overall machine vision market was valued at USD 8.12 Billion in 2015 and is expected to reach USD 14.43 Billion by 2022, growing at a CAGR of 8.15% between 2016 and 2022. The growth of this market is driven by the increasing need for quality inspection and automation across industry verticals, surge in demand for vision-guided robotic systems in automotive, pharmaceutical, food and packaging, and industrial sectors, and growing demand for application-specific machine vision systems.

  3. “Machine vision market for smart camera-based systems is expected to grow at the highest CAGR during the forecast period” Unlike PC-based systems, smart camera-based machine vision systems can accomplish the task of decoding algorithms, and traceability applications such as ID code reading, quality assessment, text verification, and label inspection more economically. Smart camera-based machine vision systems are flexible as it is easier to implement changes in their regulations and standards in future. The market for smart camera-based machine vision systems is expected to grow at the highest rate during the forecast period. “Quality assurance and inspection application expected to hold the largest size of the machine vision market between 2016 and 2022” Factors such as increasing demand for quality products, high manufacturing capacity, and shortage of skilled labor significantly drive the market for the quality assurance and inspection application. Moreover, an increasing demand for smart cameras is expected to drive the overall machine vision market for cameras. Report Details:http://www.marketsandmarkets.com/Market-Reports/machine-vision-systems-market-963.html

  4. APAC held the largest share of the machine vision market in 2015. APAC is expected to provide ample of opportunities for machine vision systems since it is considered as the manufacturing hub of the world. China has been a potential market for all the emerging technologies including machine vision. Its massive manufacturing industries have contributed to the growth and prosperity of the country. Increasing manufacturing facilities and growing industrial base of China are the factors driving the machine vision market in APAC. Owing to the recent developments and increased expenditure on vision-related R&D activities, APAC is expected to be the fastest-growing market.

  5. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

  6. Contact Us Contact: Mr. Rohan MarketsandMarkets 701 Pike Street Suite 2175, Seattle, WA 98101, United States USA : 1-888-600-6441 Email: sales@marketsandmarkets.com

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