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/ / / BUSINESS: Global Machine Vision Market To 2025 – 3.8% Growth Expected In 2021 After Decline Due To COVID-19 – ResearchAndMarkets.com
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BUSINESS: Global Machine Vision Market To 2025 – 3.8% Growth Expected In 2021 After Decline Due To COVID-19 – ResearchAndMarkets.com

By Daniel Webster, dWeb.News Publisher

DUBLIN–( WIRE)–The “Global Machine Vision Growth Opportunities” report has been added to ResearchAndMarkets.com’s offering.

The global machine vision market revenue in 2020 is $10. 28 billion and is forecast to record a 6.4% CAGR between 2020 and 2025.

Research Highlights

  • Market growth duration and rate
  • Regions and product segments that will register rapid growth
  • Industry verticals with high demand and high growth opportunities
  • Emerging market trends
  • Leading vendors and the competitive landscape

The market took a major hit in 2020 due to the COVID-19 pandemic, with sales declining 4.6% from 2019. However, the publisher expects that market to register 3.8% growth in 2021. Positive trends in pharmaceuticals, food and beverage processing and packaging, electronics and semiconductors, and automotive will drive the market in 2021 and during the forecast period.

Industrial automation is in high demand worldwide. It can improve productivity and operations. Post-pandemic, many manufacturers have begun to adopt automation in order to fully automate their manufacturing plants. This is done to reduce human intervention in case of another pandemic. After a pandemic, changes in lifestyle and eating habits allow for growth in food and beverage manufacturing, packaging, and processing companies. Machine vision systems are becoming more important in the food processing and manufacturing industries as stricter food safety regulations become more prevalent.

Asia-Pacific (APAC) is the biggest region for machine vision, contributing 40.6% of the global revenue in 2020 and expected to record the highest CAGR (10.3%) between 2020 and 2025. North America and Europe are the other two prominent regions with revenue shares of 28.5% and 24.5%, respectively.

Vision systems and industrial cameras are the two most significant product segments with revenue shares of 48.2% and 33.3% in 2020, respectively. These two product segments will be the largest during the forecast period. The machine vision market also includes optics, illumination, and frame grabers.

The electronics and semiconductor industry vertical is the biggest revenue contributor, with a 36.9% revenue share in 2020. Automotive is the second-biggest vertical, holding 22.4% of the total global revenue. The automotive vertical registered a sharp decline in 2020 but is forecast to record a 6.2% CAGR between 2020 and 2025.

The machine vision market is highly fragmented and has over 100 market participants, with the top five market participants holding 19.7% of the global market share in 2020. APAC manufacturers place greater emphasis on food safety, while global companies are expanding production in the region to meet domestic demand. Machine vision systems will be adopted in countries like India, China, , South Korea, and Japan. Operators integrate vision systems in assembly lines for turnkey applications like empty bottle inspection, label inspection and barcode verification.

Governments and industry regulators have specific mandates for industry safety standards that companies must follow. The United States, for example, is increasing the number of regulations and laws governing food processing. Europe is a competitive market that has many leading companies as end-users. Europe is a leading innovator and industrial internet of things (IIoT), adoption as a manufacturing center.

Key Topics: 1. Strategic Imperatives

  • Why Is It Increasingly Difficult to Grow?
  • The Impact of the Top 3 Strategic Imperatives on Machine Vision Market

  • . The Growth Pipeline Engine . Growth Opportunity Analysis
    • Scope of Analysis
    • Segmentation
    • Key Competitors
    • Key Growth Metrics
    • Distribution Channels
    • Growth Drivers
    • Growth Restraints
    • Forecast Assumptions
    • Revenue Forecast
    • Revenue Forecast by Product
    • Revenue Forecast by Region
    • Revenue Forecast by Industry Vertical
    • Revenue Forecast Analysis
    • Revenue Forecast Analysis by Region
    • Regional Trends
    • Revenue Forecast Analysis by Industry Vertical
    • Technology Trends
    • Mega Trend 1 – Rising Middle Class
    • Mega Trend 2 – Transition to Industry 5.0
    • Mega Trend 3 – Human-Machine Collaboration
    • Mega Trend 4 – Autonomous World
    • Mega Trend 5 – Autonomous and Flying Cars
    • Pricing Trends and Forecast Analysis
    • Competitive Environment
    • Revenue Share
    • Revenue Share Analysis

    3. Growth Opportunity Analysis, Vision Systems

    • Key Growth Metrics
    • Revenue Forecast
    • Revenue Forecast by Region
    • Revenue Forecast by Industry Vertical
    • Revenue Forecast Analysis

    4. Growth Opportunity Analysis, Industrial Cameras

    • Key Growth Metrics
    • Revenue Forecast
    • Revenue Forecast by Region
    • Revenue Forecast by Industry Vertical
    • Revenue Forecast Analysis

    5. Growth Opportunity Analysis, Frame Grabbers

    • Key Growth Metrics
    • Revenue Forecast
    • Revenue Forecast by Region
    • Revenue Forecast by Industry Vertical
    • Revenue Forecast Analysis

    6. Growth Opportunity Analysis, Optics, and Illumination

    • Key Growth Metrics
    • Revenue Forecast
    • Revenue Forecast by Region
    • Revenue Forecast by Industry Vertical
    • Revenue Forecast Analysis

    7. Growth Opportunity Universe

    • Growth Opportunity 1 – Self-optimizing Manufacturing
    • Growth Opportunity 2 – Robotics-as-a-Service
    • Growth Opportunity 3 – Deep Learning and AI

    8. Next Steps

    For more information about this report visit https://www.researchandmarkets.com/r/e7mw51

More dWeb.News Business News at https://dweb.news/news-sections/business-news/

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