Machine Vision Camera Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025
Technavio has been monitoring the machine vision camera market and it is expected to grow by $ 1.51 bn, accelerating at a CAGR of almost 7% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Machine Vision Camera Market: Key Trends to impact market growth
The Increased demand for vision guided robots in APAC is one of the key machine vision camera market market trends. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.
Machine Vision Camera Market: Top Drivers to Boost Demand
The Increased demand from non-industrial sector is one of the primary factors driving the growth of the machine vision camera market. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business
Vendor Analysis: Basler AG, Baumer Holding AG and Cognex Corp. are key growth contributors
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Basler AG, Baumer Holding AG, Cognex Corp., FLIR Systems Inc., Hitachi Kokusai Electric America, Ltd., National Instruments Corp., OMRON Corp., Sony Corp., Teledyne DALSA Inc., and TKH Group NV are some of the major market participants.
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Machine Vision Camera Market: Key Highlights of the Report for 2021-2025
Machine Vision Camera Market Size to Grow by $ 1.51 Billion through 2021-2025
Technavio research projects the machine vision camera market to grow by $ 1.51 bn, accelerating at a CAGR of over 7% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
Machine Vision Camera Market: Receive FREE Sample Report
Machine Vision Camera Market: Key Market Driver
One of the primary factors that will trigger the growth of the machine vision camera market size is Increased demand from non-industrial sector. The application of machine vision cameras is increasing in various non-industrial domains such as defense surveillance systems, forensic, robotic surgery, intelligent traffic systems, border security, and health monitoring. Machine vision cameras are also finding significant applications in stores, supermarkets, and hypermarkets to identify shoplifters. Vendors have further added a feature of self-service that helps customers in making payments at the checkpoint without any assistance.
43% of the market growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for machine vision cameras in APAC. Market growth in this region will be faster than the growth of the market in Europe and MEA. The development and increased adoption of machine vision systems in countries such as China, Japan, and Indonesia will facilitate the machine vision camera market growth in APAC over the forecast period.
This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Machine Vision Camera Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Basler AG, Baumer Holding AG, Cognex Corp., FLIR Systems Inc., Hitachi Kokusai Electric America, Ltd., National Instruments Corp., OMRON Corp., Sony Corp., Teledyne DALSA Inc., and TKH Group NV are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.
For more insights on this market: Download a Free Sample Report
Technavio has been monitoring the Global Machine Vision Camera Market and it is expected to grow by $ 1.51 billion and accelerate at a CAGR of over 7% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View Free Sample Report
Machine Vision Camera Market: Increased demand from non-industrial sector to drive growth
One of the primary factors that will trigger the growth of the Machine Vision Camera Market size is the rising use of machine vision cameras in non-industrial sectors. The application of machine vision cameras is increasing in various non-industrial domains such as defense surveillance systems, forensic, robotic surgery, intelligent traffic systems, border security, and health monitoring. Machine vision cameras are finding significant applications in stores, supermarkets, and hypermarkets to identify shoplifters. Vendors have further added a feature of self-service that helps customers in making payments at the checkpoint without any assistance.
The emergence of Industry 4.0 is creating growth opportunities for machine vision cameras, which is one of the key machine vision camera market trends. Advances in data analytics capabilities will result in improved high-volume data access through machine vision systems. Machine vision cameras enabled with data analytics are used for the inspection of raw materials, flaw detection, final inspections, and quality assurance. Industry 4.0 machine vision cameras enable fast and effective intervention in Industry 4.0 factories. All these factors will drive the growth of the machine vision cameras market during the forecast period.
Machine Vision Camera Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Basler AG, Baumer Holding AG, Cognex Corp., FLIR Systems Inc., Hitachi Kokusai Electric America, Ltd., National Instruments Corp., OMRON Corp., Sony Corp., Teledyne DALSA Inc., and TKH Group NV are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
For more insights on this market: Download a Free Sample Report
