Machine Vision Market Forecast 2020 – 2027

Some of the major factors responsible for the growth of the global machine vision market include the rising demand for product inspection & quality assurance, the growing need for vision-guided robotic systems, and the increasing manufacturing of hybrid & electric cars. Moreover, the rising penetration of machine vision systems and increasing demand for minimum human intervention across several end-user industries for maintaining quality will further support the surging demand of the market. The integration and technological advancements in imaging technology, such as deep learning, vision processing unit, machine learning, hybrid sensor, advanced 360-degree camera, and hyperspectral imaging, along with the strong demand for artificial intelligence, will open new doors for the global machine vision market growth during the forecast period. Furthermore, the fundamental increase in the number of government initiatives to support industrialization, the growing adoption of Industry 4.0, and the emerging trend of miniaturization in product design are enhancing the demand for the machine vision market. On the other edge of the spectrum, the limited flexible machine vision solutions, and the drastic changes in the end-user requirements will hinder the growth of the market. Visit us: https://www.gmiresearch.com/report/machine-vision-market/