Global Machine Vision Market Expected to Value at USD 19.22 billion by 2025
The global Machine Vision Market size is expected to value at USD 19.22 billion by 2025. The machine vision industry is subject to witness a substantial growth due to the growing demand for quality inspection and automation across various industrial segment. Furthermore, increasing demand for the vision-guided robotic systems across automobile, electronic, packaging, food & beverage, pharmaceutical, chemical industries is anticipated to boost the market growth over the forecast period. Globally, the machine vision market is predicted to grow at CAGR of 8.5% in the forecast period, providing numerous opportunities for market players to invest in research and development in the machine vision industry. Rising popularity of application-oriented machine vision systems in automotive sector is expected to foster market demand for machine vision systems in upcoming years. Machine vision system is capable of understanding, inspecting, and responding with the help of multiple video cam...