Updated date oct 24 2019. Global machine vision market analysis.
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Rapidly changing vision technology are the major factors restraining the growth of the machine vision market.
Machine vision market pdf. The global machine vision market size is expected to reach usd 1824 billion by 2025 at a 77 cagr during the forecast period according to a new report by grand view research inc. Machine vision market research five year market analysis and technology forecast through 2023 deep learning and 3d vision drive machine vision growth strategic issues vision technology has undergone a dra matic boom with a growing number of applications in electronics electrical semiconductor food beverage robotics. According to verified market intelligence the global machine vision market was valued at usd 796 billion in 2017 and is projected to reach usd 1411 billion by 2025 growing at a cagr of 74 from 2018 to 2025. Machine vision market is expected to reach usd 1546 billion by forecast 2022 machine vision market expected to grow with 818 cagr by forecast 2022 machine vision industry. Machine vision system market outlook 2022. The ability of machine vision systems to process massive amounts of information in a just a few seconds is a major factor driving the market. The recent advancements in imaging technology such as deep learning software liquid lens vision processing unit 360 degree camera hyperspectral. According to the new market research report on the machine vision market by component hardware camera frame grabber optics processor software deep learning and traditional software product pc based and smart camera based application end user industry global forecasts to 2024 is. Attractive market opportunities in global machine vision market 95 billion 2014 2020 global machine vision market is expected to reach to 95 billion by 2020 with a cagr of 1251 from 2014 market growth is. The machine vision market is expected to reach usd 140 billion by 2024 from an estimated usd 99 billion in 2019 at a cagr of 71 from 2019 to 2024. The global machine vision market size was valued at usd 995 billion in 2017. The global machine vision system market size is expected to reach 187 billion by 2022 from 106 billion in 2015 growing at a cagr of 87 from 2016 to 2022. Increasing demand for quality inspection and automation in different industrial verticals is estimated to drive the market.
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