Machine Vision Market - Forecast(2021 - 2026)
Machine Vision Market Overview: According to market research by IndustryARC, the global automation market was valued at a massive $129.45 billion in 2017, and is projected to grow at a CAGR of 4.8% through to 2022. This is reflective of the colossal technological development that has taken place in nearly all industries of the world pertaining to automation and instrumentation. To cut down on costs, reduce manual labor, and make products with minimal defects, the electronics industry has started using machine vision technology for manufacturing. Machine vision can be used by a plethora of industries including by the military, defense , manufacturers, and most importantly, the automotive industry. During the forecast period 2019-2025, the global machine vision market is projected to grow at a robust CAGR of 9.20%. This will be considerable development over its 2018 market size which stood at $8.59 billion. Request Sample Machine Vision Market Outlook: As an innovative technology fo