DUBLIN--(BUSINESS WIRE)--The "Industrial Machine Vision Market by Component (Hardware (Camera, Frame Grabber, Optics, Processor), and Software (Deep Learning, and Application Specific)), Product (PC-based, and Smart Camera-based), Application, End-User - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The overall industrial machine vision market was valued at USD 7.91 billion in 2017 and is expected to reach USD 12.29 billion by 2023, at a CAGR of 7.61% between 2017 and 2023
The increasing demand for vision-guided robotic systems and rising adoption of 3D machine vision systems play a significant role in the growth of the industrial machine vision market. However, factors that are restraining the growth of the industrial machine vision market include the changing requirements of end users with respect to industrial machine vision applications and lack of flexible machine vision solutions.
The growing adoption of Industrial 4.0 and AI is likely to create huge growth opportunities for the industrial machine vision market. Factors that are restraining the growth of the industrial machine vision market include the changing requirements of end users with respect to industrial machine vision applications and lack of flexible machine vision solutions.
Asia-Pacific is expected to be the fastest-growing market. The APAC market is divided into India, China, Japan, South Korea, and Rest of APAC. Asia Pacific is expected to provide ample growth opportunities for the industrial machine vision market since it is considered as the manufacturing hub for most industries.
China has been a potential market for all emerging technologies, including industrial machine vision systems. Moreover, electronics and semiconductor is also one of the major industries contributing towards the growth of magnetic sensors in APAC region.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Industrial Machine Vision Market, By Component
8 Industrial Machine Vision Market, By Product
9 Industrial Machine Vision Market, By Application
10 Industrial Machine Vision Market, By End-User Industry
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
- Baumer Optronic
- ISRA Vision
- JAI A/S
- MVTec Software
- National Instruments
- Qualitas Technologies
- Teledyne Technologies
- Texas Instruments
- Tordivel as
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