Machine Vision Systems Market Growth Prediction, Investment Opportunity, Product Type and Forecast 2025


The global Machine Vision Systems market accounted for US$ 8.12 Bn in 2016 and is expected to grow at a CAGR of 7.2% during the forecast period 2017 – 2025, to account for US$ 15.01 Bn in 2025.

The machine vision systems market has experienced high growth and implementations in the last few years and is also expected to experience significant growth in years to come. One of the major reason for higher implementations of machine vision systems by various industry verticals is the advancements in several related technologies taking place around the machine vision systems and are driving the Machine Vision Systems market.

The advances in technology have thus facilitated mass production and custom manufacturing of suppliers. Machine vision systems also provide end users with improved productivity and quality in the manufacturing process which also helps in achieving higher productivity along with increased profit margins. Developing digital ecosystem and high growth of data, and developing economies are providing ample opportunities for the players operating in the global machine vision systems market.
The expansion in the manufacturing industry is further highly driven by economic growth worldwide. Also, the industry is presently found to be in the middle of a technological renaissance, which is changing the outlook, systems, and processes of the modern factory. This technological revolution in the factories has been encouraging the manufacturing industries to further invest in these emerging technologies in order to enhance their productivity and production cycle. 

Top Companies Mentioned: Basler AG, Cognex Corporation, Keyence Corporation, IDS Imaging development Systems, OmniVision, DataLogic, Microscan Systems, ISRA Vision AG, Teledyne DALSA Inc., FLIR Systems

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