By 2024, the machine vision market is projected to be worth US$9.9 billion. For 2023, the value CAGR was 10.7%. The market is expected to grow at a CAGR of 8.1% from 2024 to 2034, showing signs of vitality. The market value is expected to reach US$ 21.6 billion by 2034. The market for machine …
Tag Archives: Machine Vision Market
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 …