Machine Vision Industry to Experience 12.6% CAGR, Expanding Across Key End-Use Industries
The market for machine vision systems has grown as a result of the increasing requirement for automation and quality control across a range of sectors. The application of machine vision technology to simplify intricate procedures is growing, lowering the risk of human mistake and improving operational effectiveness.
Market Statistics: The Machine Vision market is expected to grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2034, reaching an estimated value of USD 44,976.43 million by 2034. In 2024, the market is projected to be valued at USD 18,875.85 million, reflecting a consistent growth trajectory.
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Key Market Players
· Cognex Corporation
· Keyence Corporation
· Basler AG
The market for machine vision systems has grown as a result of the increasing requirement for automation and quality control across a range of sectors. The application of machine vision technology to simplify intricate procedures is growing, lowering the risk of human mistake and improving operational effectiveness.
Market Statistics: The Machine Vision market is expected to grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2034, reaching an estimated value of USD 44,976.43 million by 2034. In 2024, the market is projected to be valued at USD 18,875.85 million, reflecting a consistent growth trajectory.
Request For Sample Copy: https://wemarketresearch.c...
Key Market Players
· Cognex Corporation
· Keyence Corporation
· Basler AG
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