Machine Vision Market to Surpass USD 20.17 Billion by 2032, Fueled by Rising Automation Demands …
The Machine Vision Market Share valued at USD 9.76 Billion in 2023, is poised to reach USD 20.17 Billion by 2032, reflecting a steady CAGR of 7.11% from 2024 to 2032.
The increase is credited to the rising need for automation in different sectors, especially in manufacturing, logistics, and smart devices. Businesses are more and more looking for ways to improve efficiency, maintain strict quality standards, and boost product tracking capabilities. Machine vision systems meet these needs efficiently by using cameras and software to detect objects, take measurements, and analyze data.