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24 Aug 2021  |  Global  |  Market Research

Global Machine Vision Growth Opportunities

High Automation Demand and Post-COVID-19 Changes in End-user Habits Drive the Market

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The global machine vision market revenue in 2020 is $10.28 billion and is forecast to record a 6.4% CAGR between 2020 and 2025. The market took a major hit in 2020 due to the COVID-19 pandemic, with sales declining 4.6% from 2019. However, Frost & Sullivan expects that market to register 3.8% growth in 2021. Positive trends in pharmaceuticals, food...

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