Industrial Machine Vision Lens Market Forecasts to 2028 – Global Analysis By Product (Smart Camera, PC), Type (S-Mount, C-Mount), Camera (Area Scan, Line Scan), Application (Measurement, Identification) and By Geography
According to Stratistics MRC, the Global Industrial Machine Vision Lens Market is accounted for $6,650.57 million in 2020 and is expected to reach $14,360.10 million by 2028 growing at a CAGR of 10.1% during the forecast period. Growing industrialization, rise in the need for quality inspection and automation and increasing use of machine learning are driving the market growth. However, lack of skilled professionals is hampering the growth of the market.
Industrial machine vision lenses are used to provide images through the lens in the output device for analysis and inspection in various industrial applications. Machine vision lenses are a combination of smart cameras and smart sensors. form of technology that would allow a computer system to examine, analyze and recognize objects or items which are in motion. Machine vision is different compared to computer vision.
Based on the deployment, the robotic cell segment is going to have lucrative growth during the forecast period due to the developments in AI and machine learning robotic cell reduces the work force required, which consequently results in reducing the cost of company. This factor is predicted to be driving the robot cell deployment segment.
By geography, Europe is going to have high growth during the forecast period due to the cost of production and the lower cost of capital machinery rendering it appropriate to audit, gauge and quantify the performance of the workforce in the region.
Some of the key players profiled in the Industrial Machine Vision Lens Market include NAVITAR, Sony Corporation, Intel Corporation, Teledyne Technologies Incorporated , OMRON Corporation , AlphaTechSys Automation LLP, Cognex Corporation and ISRA VISION AG.
Estimated Market Size in 2020:
USD 6,650.57 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 14,360.10 million
Tables, Graphs& Figures
Product, Offering, Type, Camera, Deployment, Application and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Smart Camera Based
• Personal Computer-Based
• Area Scan Camera
• Line Scan Camera
• General Machine Vision System
• Robotic Cell
• Quality Assurance & Inspection
• Identification and Predictive Maintenance
• Positioning & Guidance
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Industrial Machine Vision Lens Market is majorly driven by growing industrialization, rise in the need for quality inspection and automation and increasing use of machine learning.
The robotic cell segment is growing at a highest CAGR due to due to the developments in AI and machine learning robotic cell reduces the work force required, which consequently results in reducing the cost of company.
Europe dominated with a significant market share due to the factors such as the cost of production and the lower cost of capital machinery rendering it appropriate to audit, gauge and quantify the performance of the workforce in the region.
Asia Pacific market is growing at a highest CAGR owing to the presence of large number of manufacturing units in the region due to the availability of the labor at a cheaper rate.
Key players in Industrial Machine Vision Lens Market include NAVITAR, Sony Corporation, Intel Corporation, Teledyne Technologies Incorporated, OMRON Corporation, AlphaTechSys Automation LLP, Cognex Corporation and ISRA VISION AG.
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