Industrial Machine Vision Market Trends, Market Share, Industry Size, Growth, Opportunities Growing CAGR and Forecast to 2025

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Industrial Machine Vision Market
Global Industrial Machine Vision Market Expected
to Reach Good CAGR
The Global industrial machine vision market is
segmented on the basis of component type,
product, application and vertical. It is
expanding with advancement in machine vision, ccd
camera, cmos camera, quad core, imvu, smartcamera
and giga technology. Global Industrial Machine
Vision Market is expected to reach USD 35,573.2
million by 2024, at a CAGR of 8.9.
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Report Description
Global Industrial Machine Vision Market By
Component Type (Camera, Frame Grabber, Optics,
LED Lighting, Processor, Software Tools), By
Product (PC-based Machine Vision Systems, Smart
Camera-based Vision Systems), By Vertical
(Automotive, Glass, Metal, Wood, Pharmaceutical
and Cosmetics, Semiconductor, Electrical/Electroni
c, Rubber and Plastic, Medical Devices, Printing,
Food and Beverage, Others), By Geography (North
America, Europe, Asia-Pacific, South America,
Middle East and Africa)
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Market Drivers and Restraints

• The major factors driving the growth of this
  market is rising demand for quality inspection
  and increasing need for specific machine vision
  systems migration towards 3D-based machine vision
  systems rising number of applications in various
  industrial sectors
• Absence of flexible machine vision solutions and
  unpredictable end-user needs may hinder the
  growth of the market.

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Market Segmentation

• Industrial machine vision market is segmented on
  basis of component type, product, application and
  vertical. On the basis of component type, the
  Global industrial machine vision market is
  segmented into cameras, frame grabbers, optics,
  led lighting, software tools and processor
• On the basis of product the Global industrial
  machine vision market is segmented into PC-based
  machine vision systems and smart camera-based
  vision systems 
• On the basis of application the Global industrial
  machine vision market is segmented into
  inspection, measurement, positioning and
  guidance, symbol reading, character recognition,
  part recognition and others
• On the basis of vertical the Global industrial
  machine vision market is segmented into
  automotive, electrical/electronics, food and
  beverage, rubber and plastic, metal,
  semiconductors, pharmaceuticals and cosmetics,
  medical devices, printing, glass, wood, others 

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Regional Analysis

• Based on geography the market is segmented into 5
  geographical regions,
• North America
• South America
• Europe
• Asia-Pacific
• Middle East Africa
• Some of the major countries covered in this
  report are U.S., Canada, Germany, France, U.K.,
  Netherlands, Switzerland, Turkey, Russia, China,
  India, South Korea, Japan, Australia, Singapore,
  Saudi Arabia, South Africa, and Brazil among
  others.

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Major Key Players

• Global industrial machine vision market is
  dominated Cognex Corporation, followed by Basler
  AG, Sony among others.
• The global cameras market is expected to reach
  USD 25,991.9 million by 2024, growing at the
  highest CAGR of 9.1.
• The global inspection market is expected to reach
  USD 19,324.2 million by 2024, growing at a CAGR
  of 8.8.

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