Dedham, Mass. - July 13, 2020 - New ARC Advisory Group research on the global Machine Vision Systems (MV) market reveals that the trend toward robotics and smart manufacturing makes machine vision technology an indispensable tool for industrial automation. Today’s consumers demand goods without defects or errors. Machine vision technology can be applied to recognize objects and physical characteristics accurately and reliably. As a result, it has gradually replaced quality inspection performed by humans in many applications.
Manufacturers employ machine vision technology to improve product quality and consistency, increase productivity, and support traceability. “Machine vision can ensure that a product meets specified tolerances, is packaged correctly, and contains no flaws. Implementation of MV technology early in the production line can help avoid costly errors down the line. Global demand for quality drives the market, particularly in the food & beverage, automotive, and pharmaceutical & biotech industries,” according to Anju Ajaykumar, Analyst at ARC Advisory Group and key author of ARC’s Machine Vision Systems Global Market Research report.
About the Machine Vision Systems Research
This ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the machine vision systems market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts by industry, region, hardware type, application, dimension, revenue category, sales channels, and customers. This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:
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Market Intelligence Workbook (Excel):
personalized spreadsheet includes five years of history in addition to the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
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Concise Market Analysis Report (PDF):
provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
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About ARC Advisory Group
ARC Advisory Group is the leading market research and advisory firm for industry, infrastructure, and smart cities. ARC analysts have the industry knowledge and firsthand experience to help clients find the best answers.
