Due to rise in the demand for machine vision in the non-industrial verticals such as healthcare and security & surveillance, the machine vision market finds huge opportunity to proliferate in the next five years. The machine vision market has a huge potential across several industrial and non-industrial verticals in a large number of applications. The report aims at estimating the market size and future growth potential of machine vision market across different segments such as product components, products, applications, verticals, and regions. Complete report on “Machine Vision Market” spread across 187 pages, profiling 14 companies and supported with 68 tables and 83 figures is now available athttp://www.reportsnreports.com/reports/297348-machine-vision-market-by-component-optics-software-product-pc-based-embedded-technology-imaging-laser-augmented-application-vertical-pharmaceutical-security-automotive-defense-by-geography-analysis-forecast-2014-2020-.html.
The increasing demand for application specific machine vision systems driving the machine vision market. The machine vision market size is estimated to grow from $8.08 billion in 2015 to $12.49 billion by 2020, at an estimated CAGR of 9.1% from 2015 to 2020. The machine vision market is driven by the factors such as Increasing need for quality inspection and automation, Growing demand for vision-guided robotics systems, Rise in labor costs would create investment opportunities for vision-guided industrial robots and other automation technologies in china, and Growing number of regulatory mandates for food, pharma, and automotive industry.