Machine Vision Camera Market to Reach USD 1.51 Billion |Evolving Opportunities with Basler AG and Baumer Holding AG|Technavio
NEW YORK, April 7, 2021 /PRNewswire/ --
The global machine vision camera market is expected to grow by USD 1.51 billion during 2021-2025, according to the new report from Technavio. This marks a significant market slow down compared to the 2020 growth estimates due to the impact of the COVID-19 pandemic, in the first half of 2020. In addition, the report projects the market to accelerate at a CAGR of over 7%.
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Read the 120-page report with TOC on "Machine Vision Camera Market Analysis Report by Product (Line Scan, Area Scan, and 3D), End-user (Industrial and Non-industrial), and Geography (APAC, Europe, North America, South America, and MEA), and the Segment Forecasts,2021-2025". Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Also, the Information on marketing, brand, strategy and market development, sales and supply functions.
The machine vision camera market is driven by the increased demand from the non-industrial sector. In addition, the increasing adoption of machine vision systems for medical and life science research is anticipated to boost the growth of the machine vision camera market.
The demand for machine vision cameras is increasing in various non-industrial sectors, such as defense surveillance systems, forensic, robotic surgery, intelligent traffic systems, border security, and health monitoring. These cameras provide quality inspection images that help the stakeholders in the non-industrial sectors reduce process errors such as improper filling, defective products in the production line, and packaging errors. The important non-industrial areas where machine vision systems can be used are agriculture, security and surveillance, data capture and identification, sports and entertainment industry. For instance, CMOS cameras can be used in racing cars, which are being driven during the night, as these cameras can capture clear images even in a low light environment.
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Major Five Machine Vision Camera Companies:
Baumer Holding AG
FLIR Systems Inc.
Hitachi Kokusai Electric America, Ltd.
Machine Vision Camera Market Product Outlook (Revenue, USD billion, 2020-2025)
Machine Vision Camera Market End-user Outlook (Revenue, USD billion, 2020-2025)
Machine Vision Camera Market Geography Outlook (Revenue, USD billion, 2020-2025)
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