From GlobeNewswire: 2024-04-03 21:30:00

The global machine vision market is expected to reach USD 18.4 billion by 2028, growing at a CAGR of 7.3% from 2023. This growth is driven by the increasing need for quality control in manufacturing, vision-guided robotics, and safety improvements in industrial sectors.

The robotic cell segment is forecasted to experience the highest CAGR due to automation needs and quality control demands. Machine vision technology integrated with robots enables precise assembly and defect detection, driving substantial growth in industrial applications.

Camera technology in the machine vision market is thriving, with high-resolution cameras playing a key role in automation, robotics, and quality inspection. Demand for specialized cameras tailored to specific industry needs is also on the rise, fueling market expansion.

Smart camera-based systems are expected to see the highest CAGR due to their cost-effectiveness and ease of integration. These systems offer flexibility and scalability, making them accessible to a wider range of industries, particularly smaller enterprises seeking machine vision solutions.

Food & packaging segment is projected to dominate the market, driven by quality control and safety requirements. Machine vision systems enhance production efficiency, minimize errors, and support traceability in supply chains, contributing to growth in the food and packaging sector.

Asia Pacific is anticipated to lead the machine vision market, fueled by rapid industrialization across sectors like manufacturing, automotive, and electronics. The region’s focus on automation and advanced vision technologies in industries like electronics and semiconductor manufacturing further boost market growth.

Key players in the machine vision market include Cognex Corporation, Basler AG, Omron Corporation, and others. This research report categorizes the market based on deployment, component, product, industry, and region, detailing factors influencing growth and the competitive landscape.



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