MarkNtel Advisors recently published a detailed industry analysis of the Machine Vision Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Insights and Analysis of the Machine Vision Market (2024-2030)

The Global Machine Vision Market size is valued at USD 13.1 billion in 2024 & is estimated to grow at a CAGR of around 7.5% during the forecast period, i.e., 2024-30. 

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What is driving the Machine Vision Market?

Proliferation in Electronics Manufacturing Boosting Machine Vision Market Growth – The increasing demand for consumer electronics such as mobile phones, laptops, washing machines, refrigerators, etc., across the globe has been surging the manufacturing of electronics and electronic parts worldwide. The rising consumer inclination towards smart home devices, 5G devices, routers, etc., has been further increasing the overall electronic manufacturing sector. The intricate designs and complex manufacturing processes of consumer electronic parts require precise and consistent solutions to ensure the quality of the electronic products. Machine vision solutions with cameras, sensors, frames, processors, etc., enable advanced inspection and quality control of the electronic, thereby increasing their adoption. Moreover, machine vision solutions detect minute defects in the circuit boards, semiconductor chips, etc., which further increase their adoption in electronic manufacturing. Additionally, the machine vision systems often enabled with AI (Artificial Intelligence) technologies enable the manufacturers to control their unit operations in electronic manufacturing at each step precisely which further augments their adoption in the overall electronic manufacturing sector. Companies such as Cognex Corporation, Texas Instruments, etc., have been launching various AI-enabled machine vision solutions for the electronics industry, which is further increasing the growth of the Global Machine Vision Market.

What segments define the Machine Vision Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?

By Component

(Hardware, [Cameras, Optics, Frame Grabbers, LED Lighting, Others (Processors, Sensors, etc.)], Software, [Deep Learning Software, ImageAcquisition Software, Image Processing Software, Others (Application Software, Open Source Software, etc.)], Services),

By End User

(Automotive, Electronics, Food and Beverages, Healthcare, Textile, Others (Retail, Printing, etc.)),

By Application

(Quality Assurance & Inspection, Guidance & Navigation, Identification & Verification, Others (Process Control, Management, etc.)),

By Product Type

(PC-Based Machine Vision, Smart Camera-Based Machine Vision),

By Technology

(1-D, 2-D, 3-D),

By Deployment,

(General, Robotic Cell)

By Region

North America, South America, Europe, Middle East and Africa, Asia-Pacific

Explore the Complete Machine Vision Market Analysis Report – https://www.marknteladvisors.com/research-library/machine-vision-market.html

Who are the leading key players shaping the Machine Vision Market landscape?

Cognex Corporation, Basler AG, Keyence Corporation, Teledyne Technologies, TKH Group, Omron Automation, Emerson Electric Co., Sick Ag, Sony Corporation, Intel Corporation, Texas Instruments Incorporated, Ametek Inc., Qualitas Technologies Pvt Ltd, Baumer India Pvt Ltd, Optotune, among others

Questions Addressed in this Study

1.What factors are driving the Machine Vision Market growth?

2.How is the Machine Vision Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Machine Vision Market?

4.What is the current size of the Machine Vision Market, and how is it projected to change in the future?

6.What is the future outlook for the Machine Vision Market in terms of technological advancements and market expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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