Machine Vision Market Worth $17.2 billion by 2027 - Exclusive Report by MarketsandMarkets™
CHICAGO, Nov. 11, 2022 /PRNewswire/ -- Machine Vision Market size is estimated to be USD 12.0 billion in 2022 and is projected to reach USD 17.2 billion by 2027, at a CAGR of 7.4%according to a new report by MarketsandMarkets.
- CHICAGO, Nov. 11, 2022 /PRNewswire/ -- Machine Vision Market size is estimated to be USD 12.0 billion in 2022 and is projected to reach USD 17.2 billion by 2027, at a CAGR of 7.4%according to a new report by MarketsandMarkets.
- The growth of the market is attributed to the benefits of the machine vision over the mundane visual inspection.
- Smart camera based machine vision system is to account for the larger share of Machine Vision Market in 2022.
- Smart camera based machine vision system is accounted for a larger share of Machine Vision Market, it is expected to remain prominently larger through out forecasted period.