The Machine Vision Camera Market is estimated to hit $2.5 billion by 2023 - PowerPoint PPT Presentation

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The Machine Vision Camera Market is estimated to hit $2.5 billion by 2023


The demand for machine vision cameras is continuously rising due to increased automation in the manufacturing section. Line scan camera and area scan camera dominate the overall machine vision camera market. Line scan market generated a highest revenue of $679.3 million in 2017 and is estimated to grow with a CAGR of 9.47% during the forecast period 2018-2023. Asia-Pacific market generated a revenue of $388.4 million in 2017 and is set to grow at a CAGR of 10.6% during 2018-2023. – PowerPoint PPT presentation

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Title: The Machine Vision Camera Market is estimated to hit $2.5 billion by 2023

The Machine Vision Camera Market is estimated to
hit 2.5 billion by 2023
Americas was the largest market for Machine
Vision Cameras in 2017, closely followed by
Europe, with both regions being technologically
advanced in terms of innovation, manufacturing
and inspection. However, increasing investments
in Asia-Pacific (APAC) drives the adoption of
automation and related devices, including Machine
Vision Cameras. The APAC market is set to grow at
a CAGR of 10.6 in the coming years.
Selected Analysis Done in the Full Report
Machine Vision Cameras are crucial components in
the Machine Vision Systems, intended for
capturing the imaging solely. But the recent
developments in the field of miniature
electronics has assisted in the creation of
standalone cameras that are able to capture the
image and process it with the integration of
additional signal processing circuits. The value
chain for machine vision camera is a subset of
much wider ecosystem available in the form of
machine vision systems.
Excerpts on Market Growth Factors Mentioned in
the Full Report
  • Increasing importance of industrial and factory
    automation due to rising labor costs has set up a
    progressive demand for machine vision cameras.
  • The enormous improvements in the field of image
    processing will drive the vision technology
    market in the coming years by creating new
    opportunities for applications across different
    industrial and also non-industrial verticals.

Key Players of the Machine Vision Camera Market
  • Sony Corp.
  • Omron Corp.
  • Sick AG
  • National Instruments
  • Hitachi Corp.
  • And 15 more

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