GLOBAL MACHINE VISION MARKET FORECAST

The Business Research Company’s Robotic Vision Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Robotic Vision Global Market Report 2023 evaluates robotic vision market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global robotic vision market size is expected to grow from $2.12 billion in 2022 to $2.33 billion in 2023 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the robotic vision market is expected to grow to $3.31 billion in 2027 at a CAGR of 9.2%.

The surging demand for smart cameras in robotic vision propels the growth of the robotic vision market. Smart cameras refer to the standard wireless cameras that are employed for more than recording video, taking pictures, and sending the content over a Wi-Fi network to a smartphone or cloud storage for archival purposes. For many common factory applications, smart camera devices provide a modular standalone robotic vision solution that is straightforward to use and integrate. For an instance, in December 2020, according to the annual report published by COGNEX corporation, a US-based company engaged in the manufacturing of machine vision systems, software, and sensors, the company generated a revenue of $811.02 million in 2020, which was an increase from $725.62 million in 2019, due to increase in sales of vision systems and sensors, vision software, and industrial image-based barcode readers. Thus, the surging demand for smart cameras in robotic vision is driving the growth of the robotic vision market.

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The robotic vision market segments in the report are:

1) By Component: Hardware, Software

 

2) By Technology: 2D Vision, 3D Vision

 

3) By Industry: Electrical and Electronics, Metals and Machinery, Precision Engineering and Optics, Automotive, Pharmaceuticals and Cosmetics, Food and Beverages, Chemical, Rubber, and Plastic, Other Industries

The table of contents in TBRC’s robotic vision market report includes:

1. Executive Summary
2. Robotic Vision Market Characteristics
3. Robotic Vision Market Trends And Strategies
4. Robotic Vision Market – Macro Economic Scenario
5. Robotic Vision Market Size And Growth

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26. Africa Robotic Vision Market
27. Robotic Vision Market Competitive Landscape And Company Profile
28. Key Mergers And Acquisitions In The Robotic Vision Market
29. Robotic Vision Market Future Outlook and Potential Analysis
30. Appendix

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