Machine Vision System Market Projected to Reach $74.9 Billion By 2027 | Allied Market Research
The global machine vision system market size was valued at $29.7 billion in 2019, and is projected to reach $74.9 billion by 2027, registering a CAGR of 11.3% from 2020 to 2027.
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The machine vision system market is rapidly expanding, driven by advancements in automation across industries like automotive, electronics, and manufacturing. It encompasses technologies such as cameras, sensors, and software for quality control, inspection, and robotic guidance, with significant growth projected globally.