The industrial machine vision market refers to the use of advanced vision systems and technologies in various industrial applications. Machine vision systems utilize cameras, sensors, and image processing algorithms to automate inspection, measurement, and quality control processes in manufacturing and industrial settings. The market for industrial machine vision worldwide is anticipated to reach US$ 8.45 billion in …
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Machine Vision Market Set to Soar: Anticipated US$ 21.6 Billion Surge by 2034 with 8.1% CAGR Driven by Automation and Quality Control Demands in Diverse Industries
The machine vision market is expected to be valued at US$ 9.9 billion in 2024. The valuation CAGR for 2023 was 10.7%. The market’s progress is projected to be invigorating from 2024 to 2034, with a CAGR of 8.1%. By 2034, the market value is forecasted to have hit US$ 21.6 billion. The growing need …