In 2022, the global industrial machine vision market is projected to be worth USD 8.45 billion. The market is anticipated to develop at a CAGR of 6.9% during the forecast period (2022 to 2032), to reach a valuation of USD 16.46 billion by 2032.
Several components contribute to this massive revenue growth of this market, such as:
| Report Attribute | Details |
|---|---|
| Estimated Base Year Value (2021) | USD 7.9 Billion |
| Expected Market Value (2022) | USD 8.45 Billion |
| Anticipated Forecast Value (2032) | USD 16.46 Billion |
| Projected Growth Rate (2022 to 2032) | 6.9% CAGR |
For businesses offering machine vision solutions, North America is a big market. Since factory automation was used early and there are many market vendors with local roots, the regional market is anticipated to expand significantly throughout the forecast period.
Additional and varied inventions are being discovered on the market. For instance, the Canadian company iENSO introduced their Ambarella-based platform ecosystem for embedded vision applications in May 2021. AI vision processors for the Edge are offered by Ambarella Inc.
Considering that North America has a competitive advantage over other regions in the industrial machine vision market, the USA is expected to exhibit the strongest growth. This is because the nation is home to several foreign players. Additionally, the USA is a pioneer in R&D projects for the creation of effective engineering procedures.
The Smart Embedded Vision Initiative was also unveiled by Microchip Technology Corporation. Accelerating machine vision development for use in industrial, medical devices, automotive, and aerospace applications is the goal of this effort. Throughout the forecast period, it is anticipated that such advancements by hardware and software providers would increase industrial machine vision market demand.
Nowadays, the application of industrial robots is growing for automation in the automotive and electronic sectors. For example, the 2020 Industrial Robots report from New World Robotics estimated that there are about 2.7 million industrial robots in use in factories worldwide.
Among the major sectors for the implementation of robots are the automotive and consumer electronics industries. In the automotive business, there are approximately 1287 robots for every 10,000 workers, according to data for the robotics industry for 2021.
A growing trend in recent years has been vision-guided robots. It has caused the machine vision system in robots to be used more frequently, especially in the automotive sector. Improved accuracy, comprehension, and direction are provided by the integration of robots with the machine vision system. Consequently, the global machine vision market is expanding due to the increasing deployment of industrial robots.
Automation is being implemented by manufacturing companies to enhance daily operations amid the pandemic, when human interaction was scarce, machine vision aided in maintaining industrial flow. Since it adds product safety to the present digital infrastructure, the pharmaceutical sector was one of the first to adopt this technology.
Manufacturers can reach new milestones in producing goods with minimal defects because of machine vision systems' high processing speed. The increased production of hybrid and electric vehicles is also anticipated to offer significant chances for the industrial machine vision market to expand over the forecast period.
The industrial machine vision system is a system that works by generating images through a camera that are automatically analysed by software. Industrial machine vision systems perform quality tests, control processes, guide machines, read codes, identify components, and deliver valuable data for optimizing production.
The increasing demand for quality inspection and automation in different industrial verticals, the need for vision-guided robotic systems across the automotive, food and beverage, pharmaceutical and chemical, and packaging segments are the major factors that are expected to augment the growth of the Industrial Machine Vision Market over the analysis period.
Other major factors like the surge in demand for application-oriented machine vision systems are likely to boost the market growth during the forecast period.
On the flip side, the complex integration of industrial machine vision systems is further projected to impede the growth of the rib fracture treatment market in the timeline period.
One of the major factors that is anticipated to propel the growth of the Industrial Machine Vision market during the forecast period includes the fast and accurate processing of data by the system. The efficiency of industrial machine vision systems is increasing as manufacturers are investing in research and development.
Speed and accuracy parameters of industrial machine vision systems are getting better with new innovations in the market. This in turn is expected to increase the demand for industrial machine vision systems in the forthcoming years.
Other drivers for the industrial machine vision market include the advent of vision-guided robotic systems in the industrial sector as industries all round the world are adopting robotic systems for manufacturing. Robotic systems require the deployment of industrial machine vision systems.
The increasing automation, and intensifying need for superior inspection are other major factors paving the way for the notable adoption of machine vision technology. Furthermore, the need for increased quality control by consumers and manufacturers, coupled with government regulations to abide by the prescribed specifications, is expected to catapult the adoption of machine vision technology.
The growing risk of cyber-attacks on industrial machine robots and devices and the dearth of flexible machine vision solutions are the major factors that are anticipated to hinder the growth of the industrial machine vision market during the forecast period. In addition, the difficulties regarding the incorporation of machine vision systems might further challenge the growth of the industrial machine vision market in the near future.
Moreover, the lack of efficient system operators due to inadequate training is a restraining factor that is likely to obstruct the smooth growth of the market. Another major factor that is expected to impede the market growth includes the complex integration of industrial machine vision systems.
The integration of industrial machine vision systems has been on a complex and expensive side and is thus restraining the market for industrial machine vision systems.
Also, lack of awareness about these industrial machine vision systems globally, is also the reason for the slow growth of the industrial machine vision market over the analysis period.
The Industrial Machine Vision market in North America is expected to hold the largest share of USD 14.8 Billion. Considering the revenue generation, the regional market is expected to reach at a CAGR of 6.3% during the forecast period.
The industrial machine vision market in North America is expected to be growing at the fastest rate due to an increase in the number of end-use industries enabled with industrial machine vision in the region.
In addition, as most of the industrial machine vision manufacturers are set up in North America, the industrial machine vision market in the region is expected to gain traction in the forthcoming years. The reason for sustained traction in the regions is attributed to the fact that the region is technologically advanced.
The Asia-Pacific Industrial Machine Vision market is expected to reach at a CAGR of 6.1% with a market value of USD 11.5 Billion.
Asia Pacific holds a significant revenue share of the industrial machine vision market. The region is likely to grow during the forecast period, accredited to the lucrative opportunities in automotive, packaging, pharmaceutical, and other industrial applications in the Asia Pacific region.
As the region is establishing itself to become a global manufacturing hub, the technology is anticipated to gain significant traction over the forecast period. China and Japan are prominent countries having the potential to offer extensive opportunities for emerging as well as matured technologies such as machine vision. The numerous manufacturing industries are contributing to the growth and prosperity of the regional economic growth.
Moreover, the expenditure and operational benefits, coupled with the initiatives being undertaken by the governments of emerging countries, such as South Korea, India, Taiwan, and Singapore, are responsible for catapulting investments and encouraging different industry players to establish their production units in the Asia Pacific region
Some of the key participants present in the global Industrial Machine Vision market include National Instruments, Cognex Corporation, Microscan Systems, Allied Vision Technologies GmbH, Basler AG, Machine Vision Technology, Keyence Corporation, Cognex, Omron Corporation, Sony Corporation, Teledyne Technologies, Texas Instruments, Baumer Optronic, tordivel, MVTec Software, SICK, and ISRA VISION among others.
Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as National Instruments, Cognex Corporation, Microscan Systems, Allied Vision Technologies GmbH, Basler AG, and Machine Vision Technology, account for a considerable market size, several regional level players are also operating across key growth regions, particularly in North America.
Recent Development:
In March 2021, Cognex had released the DataMan 8700 Series, which is the next generation of handheld barcode scanners that is built on a completely new platform. The device provides cutting-edge performance and is extremely simple to operate, requiring no prior tweaking or operator training.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 6.9% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Component, Product, Application, End-User, Region |
| Regional Scope | North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, China, Japan, Middle East and Africa |
| Country Scope | USA, Canada, Mexico, Brazil, UK, Germany, France, Spain, Italy, Poland, Russia, China, India, ASEAN, Australia, New Zealand, GCC, South Africa, North Africa |
| Key Companies Profiled | National Instruments; Cognex Corporation; Microscan Systems; Allied Vision Technologies GmbH; Basler AG; Machine Vision Technology; Keyence Corporation; Cognex; Omron Corporation; Sony Corporation; Teledyne Technologies; Texas Instruments; Baumer Optronic; tordivel; MVTec Software; SICK; and ISRA VISION among others |
| Customization Scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
Table 01: Global Market Value (US$ Mn) Forecast by Region, 2017-2032
Table 02: Global Market Value (US$ Mn) Forecast by Component, 2017-2032
Table 03: Global Market Value (US$ Mn) Forecast by Product, 2017-2032
Table 04: Global Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 05: Global Market Value (US$ Mn) Forecast by End-user, 2017-2032
Table 06: North America Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 07: North America Market Value (US$ Mn) Forecast by Component, 2017-2032
Table 08: North America Market Value (US$ Mn) Forecast by Product, 2017-2032
Table 09: North America Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 10: North America Market Value (US$ Mn) Forecast by End-user, 2017-2032
Table 11: Latin America Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 12: Latin America Market Value (US$ Mn) Forecast by Component, 2017-2032
Table 13: Latin America Market Value (US$ Mn) Forecast by Product, 2017-2032
Table 14: Latin America Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 15: Latin America Market Value (US$ Mn) Forecast by End-user, 2017-2032
Table 16: Europe Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 17: Europe Market Value (US$ Mn) Forecast by Component, 2017-2032
Table 18: Europe Market Value (US$ Mn) Forecast by Product, 2017-2032
Table 19: Europe Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 20: Europe Market Value (US$ Mn) Forecast by End-user, 2017-2032
Table 21: East Asia Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 22: East Asia Market Value (US$ Mn) Forecast by Component, 2017-2032
Table 23: East Asia Market Value (US$ Mn) Forecast by Product, 2017-2032
Table 24: East Asia Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 25: East Asia Market Value (US$ Mn) Forecast by End-user, 2017-2032
Table 26: South Asia & Pacific Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 27: South Asia & Pacific Market Value (US$ Mn) Forecast by Component, 2017-2032
Table 28: South Asia & Pacific Market Value (US$ Mn) Forecast by Product, 2017-2032
Table 29: South Asia & Pacific Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 30: South Asia & Pacific Market Value (US$ Mn) Forecast by End-user, 2017-2032
Table 31: MEA Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 32: MEA Market Value (US$ Mn) Forecast by Component, 2017-2032
Table 33: MEA Market Value (US$ Mn) Forecast by Product, 2017-2032
Table 34: MEA Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 35: MEA Market Value (US$ Mn) Forecast by End-user, 2017-2032
Figure 01: Global Market Value (US$ Mn) by Component, 2022-2032
Figure 02: Global Market Value (US$ Mn) by Product, 2022-2032
Figure 03: Global Market Value (US$ Mn) by Application, 2022-2032
Figure 04: Global Market Value (US$ Mn) by End-user, 2022-2032
Figure 05: Global Market Value (US$ Mn) by Region, 2022-2032
Figure 06: Global Market Value (US$ Mn) Analysis by Region, 2017-2032
Figure 07: Global Market Value Share (%) and BPS Analysis by Region, 2022-2032
Figure 08: Global Market Y-o-Y Growth (%) Projections by Region, 2022-2032
Figure 09: Global Market Value (US$ Mn) Analysis by Component, 2017-2032
Figure 10: Global Market Value Share (%) and BPS Analysis by Component, 2022-2032
Figure 11: Global Market Y-o-Y Growth (%) Projections by Component, 2022-2032
Figure 12: Global Market Value (US$ Mn) Analysis by Product, 2017-2032
Figure 13: Global Market Value Share (%) and BPS Analysis by Product, 2022-2032
Figure 14: Global Market Y-o-Y Growth (%) Projections by Product, 2022-2032
Figure 15: Global Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 16: Global Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 17: Global Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 18: Global Market Value (US$ Mn) Analysis by End-user, 2017-2032
Figure 19: Global Market Value Share (%) and BPS Analysis by End-user, 2022-2032
Figure 20: Global Market Y-o-Y Growth (%) Projections by End-user, 2022-2032
Figure 21: Global Market Attractiveness by Component, 2022-2032
Figure 22: Global Market Attractiveness by Product, 2022-2032
Figure 23: Global Market Attractiveness by Application, 2022-2032
Figure 24: Global Market Attractiveness by End-user, 2022-2032
Figure 25: Global Market Attractiveness by Region, 2022-2032
Figure 26: North America Market Value (US$ Mn) by Component, 2022-2032
Figure 27: North America Market Value (US$ Mn) by Product, 2022-2032
Figure 28: North America Market Value (US$ Mn) by Application, 2022-2032
Figure 29: North America Market Value (US$ Mn) by End-user, 2022-2032
Figure 30: North America Market Value (US$ Mn) by Country, 2022-2032
Figure 31: North America Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 32: North America Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 33: North America Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 34: North America Market Value (US$ Mn) Analysis by Component, 2017-2032
Figure 35: North America Market Value Share (%) and BPS Analysis by Component, 2022-2032
Figure 36: North America Market Y-o-Y Growth (%) Projections by Component, 2022-2032
Figure 37: North America Market Value (US$ Mn) Analysis by Product, 2017-2032
Figure 38: North America Market Value Share (%) and BPS Analysis by Product, 2022-2032
Figure 39: North America Market Y-o-Y Growth (%) Projections by Product, 2022-2032
Figure 40: North America Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 41: North America Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 42: North America Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 43: North America Market Value (US$ Mn) Analysis by End-user, 2017-2032
Figure 44: North America Market Value Share (%) and BPS Analysis by End-user, 2022-2032
Figure 45: North America Market Y-o-Y Growth (%) Projections by End-user, 2022-2032
Figure 46: North America Market Attractiveness by Component, 2022-2032
Figure 47: North America Market Attractiveness by Product, 2022-2032
Figure 48: North America Market Attractiveness by Application, 2022-2032
Figure 49: North America Market Attractiveness by End-user, 2022-2032
Figure 50: North America Market Attractiveness by Country, 2022-2032
Figure 51: Latin America Market Value (US$ Mn) by Component, 2022-2032
Figure 52: Latin America Market Value (US$ Mn) by Product, 2022-2032
Figure 53: Latin America Market Value (US$ Mn) by Application, 2022-2032
Figure 54: Latin America Market Value (US$ Mn) by End-user, 2022-2032
Figure 55: Latin America Market Value (US$ Mn) by Country, 2022-2032
Figure 56: Latin America Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 57: Latin America Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 58: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 59: Latin America Market Value (US$ Mn) Analysis by Component, 2017-2032
Figure 60: Latin America Market Value Share (%) and BPS Analysis by Component, 2022-2032
Figure 61: Latin America Market Y-o-Y Growth (%) Projections by Component, 2022-2032
Figure 62: Latin America Market Value (US$ Mn) Analysis by Product, 2017-2032
Figure 63: Latin America Market Value Share (%) and BPS Analysis by Product, 2022-2032
Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Product, 2022-2032
Figure 65: Latin America Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 66: Latin America Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 67: Latin America Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 68: Latin America Market Value (US$ Mn) Analysis by End-user, 2017-2032
Figure 69: Latin America Market Value Share (%) and BPS Analysis by End-user, 2022-2032
Figure 70: Latin America Market Y-o-Y Growth (%) Projections by End-user, 2022-2032
Figure 71: Latin America Market Attractiveness by Component, 2022-2032
Figure 72: Latin America Market Attractiveness by Product, 2022-2032
Figure 73: Latin America Market Attractiveness by Application, 2022-2032
Figure 74: Latin America Market Attractiveness by End-user, 2022-2032
Figure 75: Latin America Market Attractiveness by Country, 2022-2032
Figure 76: Europe Market Value (US$ Mn) by Component, 2022-2032
Figure 77: Europe Market Value (US$ Mn) by Product, 2022-2032
Figure 78: Europe Market Value (US$ Mn) by Application, 2022-2032
Figure 79: Europe Market Value (US$ Mn) by End-user, 2022-2032
Figure 80: Europe Market Value (US$ Mn) by Country, 2022-2032
Figure 81: Europe Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 82: Europe Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 83: Europe Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 84: Europe Market Value (US$ Mn) Analysis by Component, 2017-2032
Figure 85: Europe Market Value Share (%) and BPS Analysis by Component, 2022-2032
Figure 86: Europe Market Y-o-Y Growth (%) Projections by Component, 2022-2032
Figure 87: Europe Market Value (US$ Mn) Analysis by Product, 2017-2032
Figure 88: Europe Market Value Share (%) and BPS Analysis by Product, 2022-2032
Figure 89: Europe Market Y-o-Y Growth (%) Projections by Product, 2022-2032
Figure 90: Europe Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 91: Europe Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 92: Europe Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 93: Europe Market Value (US$ Mn) Analysis by End-user, 2017-2032
Figure 94: Europe Market Value Share (%) and BPS Analysis by End-user, 2022-2032
Figure 95: Europe Market Y-o-Y Growth (%) Projections by End-user, 2022-2032
Figure 96: Europe Market Attractiveness by Component, 2022-2032
Figure 97: Europe Market Attractiveness by Product, 2022-2032
Figure 98: Europe Market Attractiveness by Application, 2022-2032
Figure 99: Europe Market Attractiveness by End-user, 2022-2032
Figure 100: Europe Market Attractiveness by Country, 2022-2032
Figure 101: East Asia Market Value (US$ Mn) by Component, 2022-2032
Figure 102: East Asia Market Value (US$ Mn) by Product, 2022-2032
Figure 103: East Asia Market Value (US$ Mn) by Application, 2022-2032
Figure 104: East Asia Market Value (US$ Mn) by End-user, 2022-2032
Figure 105: East Asia Market Value (US$ Mn) by Country, 2022-2032
Figure 106: East Asia Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 107: East Asia Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 108: East Asia Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 109: East Asia Market Value (US$ Mn) Analysis by Component, 2017-2032
Figure 110: East Asia Market Value Share (%) and BPS Analysis by Component, 2022-2032
Figure 111: East Asia Market Y-o-Y Growth (%) Projections by Component, 2022-2032
Figure 112: East Asia Market Value (US$ Mn) Analysis by Product, 2017-2032
Figure 113: East Asia Market Value Share (%) and BPS Analysis by Product, 2022-2032
Figure 114: East Asia Market Y-o-Y Growth (%) Projections by Product, 2022-2032
Figure 115: East Asia Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 116: East Asia Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 117: East Asia Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 118: East Asia Market Value (US$ Mn) Analysis by End-user, 2017-2032
Figure 119: East Asia Market Value Share (%) and BPS Analysis by End-user, 2022-2032
Figure 120: East Asia Market Y-o-Y Growth (%) Projections by End-user, 2022-2032
Figure 121: East Asia Market Attractiveness by Component, 2022-2032
Figure 122: East Asia Market Attractiveness by Product, 2022-2032
Figure 123: East Asia Market Attractiveness by Application, 2022-2032
Figure 124: East Asia Market Attractiveness by End-user, 2022-2032
Figure 125: East Asia Market Attractiveness by Country, 2022-2032
Figure 126: South Asia & Pacific Market Value (US$ Mn) by Component, 2022-2032
Figure 127: South Asia & Pacific Market Value (US$ Mn) by Product, 2022-2032
Figure 128: South Asia & Pacific Market Value (US$ Mn) by Application, 2022-2032
Figure 129: South Asia & Pacific Market Value (US$ Mn) by End-user, 2022-2032
Figure 130: South Asia & Pacific Market Value (US$ Mn) by Country, 2022-2032
Figure 131: South Asia & Pacific Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 132: South Asia & Pacific Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 133: South Asia & Pacific Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 134: South Asia & Pacific Market Value (US$ Mn) Analysis by Component, 2017-2032
Figure 135: South Asia & Pacific Market Value Share (%) and BPS Analysis by Component, 2022-2032
Figure 136: South Asia & Pacific Market Y-o-Y Growth (%) Projections by Component, 2022-2032
Figure 137: South Asia & Pacific Market Value (US$ Mn) Analysis by Product, 2017-2032
Figure 138: South Asia & Pacific Market Value Share (%) and BPS Analysis by Product, 2022-2032
Figure 139: South Asia & Pacific Market Y-o-Y Growth (%) Projections by Product, 2022-2032
Figure 140: South Asia & Pacific Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 141: South Asia & Pacific Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 142: South Asia & Pacific Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 143: South Asia & Pacific Market Value (US$ Mn) Analysis by End-user, 2017-2032
Figure 144: South Asia & Pacific Market Value Share (%) and BPS Analysis by End-user, 2022-2032
Figure 145: South Asia & Pacific Market Y-o-Y Growth (%) Projections by End-user, 2022-2032
Figure 146: South Asia & Pacific Market Attractiveness by Component, 2022-2032
Figure 147: South Asia & Pacific Market Attractiveness by Product, 2022-2032
Figure 148: South Asia & Pacific Market Attractiveness by Application, 2022-2032
Figure 149: South Asia & Pacific Market Attractiveness by End-user, 2022-2032
Figure 150: South Asia & Pacific Market Attractiveness by Country, 2022-2032
Figure 151: MEA Market Value (US$ Mn) by Component, 2022-2032
Figure 152: MEA Market Value (US$ Mn) by Product, 2022-2032
Figure 153: MEA Market Value (US$ Mn) by Application, 2022-2032
Figure 154: MEA Market Value (US$ Mn) by End-user, 2022-2032
Figure 155: MEA Market Value (US$ Mn) by Country, 2022-2032
Figure 156: MEA Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 157: MEA Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 158: MEA Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 159: MEA Market Value (US$ Mn) Analysis by Component, 2017-2032
Figure 160: MEA Market Value Share (%) and BPS Analysis by Component, 2022-2032
Figure 161: MEA Market Y-o-Y Growth (%) Projections by Component, 2022-2032
Figure 162: MEA Market Value (US$ Mn) Analysis by Product, 2017-2032
Figure 163: MEA Market Value Share (%) and BPS Analysis by Product, 2022-2032
Figure 164: MEA Market Y-o-Y Growth (%) Projections by Product, 2022-2032
Figure 165: MEA Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 166: MEA Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 167: MEA Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 168: MEA Market Value (US$ Mn) Analysis by End-user, 2017-2032
Figure 169: MEA Market Value Share (%) and BPS Analysis by End-user, 2022-2032
Figure 170: MEA Market Y-o-Y Growth (%) Projections by End-user, 2022-2032
Figure 171: MEA Market Attractiveness by Component, 2022-2032
Figure 172: MEA Market Attractiveness by Product, 2022-2032
Figure 173: MEA Market Attractiveness by Application, 2022-2032
Figure 174: MEA Market Attractiveness by End-user, 2022-2032
Figure 175: MEA Market Attractiveness by Country, 2022-2032
FMI projects the global Industrial Machine Vision market to expand at a 6.9% value CAGR by 2032
North America is expected to be the most opportunistic Industrial Machine Vision market, expanding at 6.3% CAGR
National Instruments, Cognex Corporation, Microscan Systems, Allied Vision Technologies GmbH, Basler AG, and Machine Vision Technology are some prominent Industrial Machine Vision manufacturers
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