Machine Vision Technology Market Industry Size, Growth, Analysis And Forecast To 2015 - 2021
Global Machine Vision Technology Market: Snapshot The global machine vision technology market is gaining significantly from the expansion in the manufacturing industry. The increasing need for lead frames, microchips, examine resistors, capacitors, and various other automobile components has escalated the demand for machine vision technology, reflecting positively on this market. In 2014, the market stood at US$15.7 bn. Progressing at a CAGR of 8.40% during the period from 2015 to 2021, the opportunity in this market is expected to rise to US$28.5 bn by the end of the forecast period. The increasing shift towards automation is projected to fuel the demand of this technology in the years to come. Demand for PC-based Machine Vision Systems to Remain Strong Embedded machine vision systems, PC-based machine vision systems, and smart camera-based machine vision systems are the main products available in the global market for machine vision technology. Of these, the demand for P...