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Increasing urbanization will support the growth of the machine vision market, as per The Business Research Company’s machine vision market opportunities and strategies report.

The machine vision market is expected to grow from $15.13 billion in 2021 to $23.47 billion in 2026 at a rate of 9.2%. The global machine vision market size is then expected to grow at a CAGR of 9.5% from 2026 and reach $36.96 billion in 2031.

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Major players in the machine vision market include Cognex Corporation, Keyence Corp., Omron Corporation, Sony Corporation, Teledyne Technologies.

Smart cameras and image processing is rapidly grasping the machine vision market as it requires less space and streamlines the machine vision systems operations. Smart cameras are a self-contained vision system with an integrated image sensor that can capture pictures, extract application-specific information from them, generate event descriptions, and make choices. Localized pass/fail decision making, input/output (I/O) by moving data into and out of the system with component rejection, and networked management capabilities are all enabled by smart cameras. This results in reduced system footprints and simplifies and streamlines vision systems even further. System integrators and manufacturers may customize most smart cameras for image improvement, feature location, object measurement, and more. They deliver great performance in a small package and are adaptable enough to meet a variety of industrial imaging requirements.

The Global Machine Vision Market Is Segmented:
By Product: PC-Based, Smart Camera-Based

By Offering: Hardware, Software, Service

By Deployment Type: General Machine Vision Systems, Robotic Cell

By Application: Quality Assurance And Inspection, Positioning And Guidance, Measurement, Identification, Predictive Maintenance

By End-User: Automotive, Pharmaceuticals And Chemicals, Electronics And Semiconductors, Pulp And Paper, Printing And Labeling, Food And Beverage, Postal And Logistics, Other End-Users
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global machine vision market.

TBRC’s Machine Vision Market Report Covers:

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Machine Vision Market Report 2022 – Opportunities And Strategies – Global Forecast To 2031 is one of a series of new reports from The Business Research Company that provides thorough machine vision market research, analyzes and forecasts machine vision market size, machine vision market share, machine vision market players, machine vision market trends, machine vision market segmentation and geographies, leading competitor revenues, profiles and market shares.

TBRC’s machine vision market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

The machine vision market consists of sales of machine vision devices, software, and services by entities (organizations, sole traders, and partnerships) that allow a computer to examine, analyze, and identify static or moving images. Machine vision systems are a set of connected devices which are designed to automatically direct production and manufacturing procedures such as go/no go assessment and quality control processes using information retrieved from digital images.

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