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The global machine vision system market size is expected to reach $18.7 billion by 2022 from $10.6 billion in 2015, growing at a CAGR of 8.7% from 2016 to 2022. Machine vision system enables automatic analysis and inspection of the production line, based on imaging, used in process control, verification, measurements, robot guidance, and other functions. Machine vision includes a complete solution starting from acquiring an image to interacting to management information system. Machine vision system replace incapability of human inspector to maintain a high level of error recognition for a long period of time.
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Opportunity Analysis and Industry Forecast, 2016-2023 Machine Vision Systems Market Growth Analysis, Share, Demand by Regions, Types and Analysis of Key Players- Research Forecasts to 2023 Global Opportunity Analysis and Industry Forecast, 2016-2023
Machine Vision Systems Market “Machine vision system is estimated to foster high growth during the forecast period owing to its heavy utilization in applications such as positioning, identification, verification, measurement, and flaw detection. Furthermore, there is a trend of incorporating artificial intelligence (AI) technology in commercial machine vision systems. AI-based analysis in machine vision offers exceptional flexibility of automation in industries”. Komal Sharma Research Analyst, Semiconductor and Electronics
Machine Vision Systems Market Machine Vision System Market, published by Allied Market Research, forecasts that the global market was valued at $10.6 billion in 2015 and is projected to reach $18.7 billion by 2022, growing at a CAGR of 8.7% during the forecast period 2016-2022 .Industrial segment held the highest share of the total market in 2015.Machine vision systemhave evolved rapidly to accelerate high performance for production line monitoring system and automated guidance of industrial robots. Continued evolution of CMOS image sensors and rise in demand for automation in industrial applications are the factors that drive the growth of the market. However, intensive training and education, an essential requirement to enable entry of machine vision in newer markets restrain the market growth. Get the PDF Brochure@ https://www.alliedmarketresearch.com/request-sample/1907
Key Findings of the Machine Vision System Market *Smart camera is expected to be the fastest growing component segment of the machine vision system industry, growing with a CAGR of 10.3% from 2016 - 2022 *3D measurement is expected to exhibit the highest CAGR of 13.2% during the forecast period Flaw detection and verification applications are two of the fastest growing application segments in machine vision system market, together constituting more than half of the overall market revenue in 2015 *Industrial segment contributed over 29.0% of the overall market in 2015, and is expected to grow with a CAGR of 6.9% during the forecast period *Europe is expected to be the fastest growing machine vision system market, and projected to grow at a CAGR of 11.8% during the forecast period Machine Vision Systems Market
Machine Vision Systems Market • By Geography • North America • U.S. • Canada • Mexico • Europe • UK • France • Germany • Rest of Europe • Asia-Pacific • China • Japan • India • South Korea • Rest of Asia-Pacific • LAMEA • Latin America • Middle East • Arica
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