Asia Pacific Machine Vision market is anticipated to register the highest revenue growth by the end of the forecast period of 2019-2027 by rising at a CAGR of 9.38%. The China machine vision market is the highest contributor to this market’s growth.
The Asia-Pacific machine vision market is segmented on the basis of components, end-users, applications, and types. The Asia-Pacific market is the biggest supplier of components such as sensors, cameras, and other hardware products which are generally used in machine vision. It is also predicted that the demand for machine vision will increase in the future for applications in sectors like foods and beverages, semiconductor, security, and surveillance, etc. However, the key factor restraining the market growth includes the issues related to standardization of machine vision for large-scale deployment.
FLIR System, National Instruments Corporation, Basler AG, Cognex Corporation, Optotune AG, Keyence Corporation, USS Vision Inc., Baumer Optronic GmbH, Omron Corporation, Perceptron Inc., Jai A/S, Microscan Systems Inc., Datalogic SPA, Teledyne Technologies Inc., and Allied Vision Technologies GmbH are some of the leading players in this market.