Key Findings
The Asia-Pacific machine vision market is predicted to grow with a CAGR of 8.95% over the estimated period of 2021 to 2028. The regional market’s growth is reinforced by key drivers, including the increasing demand for automation, the developing manufacturing industry in emerging countries, and the region’s surging supply rates of components used in machine vision systems.
Market Insights
The Asia-Pacific machine vision market growth assessment entails the analysis of Japan, Australia & New Zealand, Indonesia, India, China, Thailand, Vietnam, South Korea, and Rest of Asia-Pacific. From smartphones to semiconductors, South Korea is already a leading player across a diverse range of consumer and industrial technologies. The country has continued to establish efforts to elevate its presence in different fields through investments in industrial automation.
Conversely, South Korea’s industrial automation industry is benefiting from government support, aiming to maintain the country’s lead in terms of global automation. In this regard, the Ministry of Trade, Industry, and Energy aimed to offer millions of dollars by 2020. Furthermore, in addition to South Korea’s eminence in robots for logistics and manufacturing, the government also promotes research and development in social robots and autonomous vehicles for healthcare. Therefore, these aspects are set to promote the Asia-Pacific machine vision market growth during the forecasted years.
Competitive Insights
The top firms operating in the market are OMRON Corporation, National Instruments Corporation, Microscan Systems Inc, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments