Analysis on Impact of COVID-19 - Machine Vision Market 2020-2024 | Increase in Demand of Machine Vision Systems From APAC to Boost Growth | Technavio

LONDON--()--Technavio has been monitoring the machine vision market and it is poised to grow by USD 4.42 billion during 2020-2024, progressing at a CAGR of almost 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Basler AG, Cognex Corp., Datalogic Spa, FLIR Systems Inc., JAI AS, Keyence Corp., OMRON Corp., Sony Corp., Teledyne DALSA Inc., and Toshiba Teli Corp. are some of the major market participants. The increase in demand of machine vision systems from APAC will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The increase in demand of machine vision systems from APAC has been instrumental in driving the growth of the market.

Machine Vision Market 2020-2024: Segmentation

Machine Vision Market is segmented as below:

  • End-user
    • Industrial
    • Non-industrial
  • Geography
    • APAC
    • Europe
    • North America
    • South America
    • MEA
  • Type
    • Vision System
    • Cameras
    • Others

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43479

Machine Vision Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our machine vision market report covers the following areas:

  • Machine Vision Market Size
  • Machine Vision Market Trends
  • Machine Vision Market Industry Analysis

This study identifies the incorporation of thermal inspection in machine vision systems as one of the prime reasons driving the machine vision market growth during the next few years.

Machine Vision Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the machine vision market, including some of the vendors such as Basler AG, Cognex Corp., Datalogic Spa, FLIR Systems Inc., JAI AS, Keyence Corp., OMRON Corp., Sony Corp., Teledyne DALSA Inc., and Toshiba Teli Corp. Backed with competitive intelligence and benchmarking, our research reports on the machine vision market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Machine Vision Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist machine vision market growth during the next five years
  • Estimation of the machine vision market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the machine vision market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of machine vision market vendors

Table Of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Industrial - Market size and forecast 2019-2024
  • Non-industrial - Market size and forecast 2019-2024
  • Market opportunity by End-user

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Vision system - Market size and forecast 2019-2024
  • Cameras - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by Type

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Basler AG
  • Cognex Corp.
  • Datalogic Spa
  • FLIR Systems Inc.
  • JAI AS
  • Keyence Corp.
  • OMRON Corp.
  • Sony Corp.
  • Teledyne DALSA Inc.
  • Toshiba Teli Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The machine vision market size has the potential to grow by USD 4.42 billion during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/