SAN FRANCISCO, July 4, 2022 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Machine Vision Systems – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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What’s New for 2022?
Global competitiveness and key competitor percentage market shares
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Edition: 18; Released: January 2022
Executive Pool: 1166
Companies: 86 – Players covered include BASLER AG; Cognex Corporation; IDS Imaging Development Systems GmbH; ISRA VISION AG; KEYENCE Corporation of America; MVTec Software GmbH; National Instruments Corporation; Omron Corporation; Omron Microscan Systems, Inc.; Sony Corporation; Toshiba Corporation and Others.
Coverage: All major geography and key segments
Segments: Component (Hardware, Software); Product (PC-Based, Embedded Systems, Smart Camera Based); Application (Automotive, Consumer Electronics, Life Sciences, Semiconductors, Food & Packaging, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Machine Vision Systems Market to Reach $16 Billion by 2026
Amid the COVID-19 crisis, the global market for Machine Vision Systems estimated at US$8 Billionis projected to reach a revised size of US$16 Billion by 2026, growing at a CAGR of 12% over the analysis period. Hardware, one of the segments analyzed in the report, is projected to record a 12.9% CAGR and reach US$10.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 10.8% CAGR for the next 7-year period.
The US Market is Estimated at $2.4 Billion in 2021, While China is Forecast to Reach $3.4 Billion by 2026
The Machine Vision Systems market in the US is estimated at US$2.4 Billion in the year 2021. Chinathe world`s second largest economy, is forecast to reach a projected market size of US$3.4 Billion by the year 2026 trailing a CAGR of 15.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.4% and 10.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.5% CAGR. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.