Vision Markets report predicts machine vision market at $9.45bn in 2027

Vision Markets report predicts machine vision market at $9.45bn in 2027

Vision Markets’ analysts forecast the global market for machine vision components to grow at a CAGR of 8.0% and reach a total of $9.45bn in 2027. The emerging markets in Southeast Asia grow substantially faster than the EU and the global average.

Vision Markets, the leading consulting company dedicated to the machine vision industry, released its latest Quantitative Market Report on Machine Vision Components. The machine vision industry remains a growth market, according to the report that includes historical data from the last five years as well as estimated data for the upcoming five years and is an accurate indicator of market trends in the industry.

“We still see a steady growth in the years to come”, said Dr. Ronald Müller, CEO of Vision Markets. “One major trend is the fast market growth in countries outside of the traditional machine vision key markets (EU, North America, Japan, Korea, China…). With an estimated 13.3% annual growth rate, these countries will generate almost as much revenue as Japan and Korea together by 2027.”

Comprehensive market data for the vision industry

Vision Markets’ Machine Vision Components Quantitative Market Report provides high-quality market data derived from Vision Markets’ unique positioning as a holistic provider of synergetic service offerings, including business strategy, Mergers & Acquisitions, Recruitment & Career, and Marketing.

The data is structured by product type, global economic regions, and target industries to provide in-depth insights for decision-makers and investors in the vision industry.

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