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World Class Research Report Of Machine Vision Market : Cognex Corporation, Keyence, Teledyne Technologies, TKH GROUP
Machine vision systems offers several advantages such as fast response, a tailored approach, accurate information, and fewer redundancies - all of which are essential to achieving higher efficiency in an organization. Machine vision is considered as automated tool in industries for performing tasks such as quality assurance & inspection, positioning & guidance, identification, measurement, predictive maintenance. Increased demand for industrial automation across a range of industries, such as food & packaging, consumer electronics, electronics & semiconductors driving the growth of the market.
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Investing in the Future: North America's Booming Machine Vision Market
The North American Machine Vision Industry has grown rapidly in recent years, due to increased demand for automation and the integration of advanced imaging technology in a wide range of end-user industries. The region's growth is being driven by rising demand for machine vision systems in the manufacturing industry, particularly in the automobile and electronics sectors.
AI-based solutions are adopted in manufacturing facilities to improve productivity by maximizing asset utilization, minimizing downtime, and improving machine efficiency and it is expected to enhance productivity through quality control by detecting defects and helping in the predictive maintenance of factory machinery. Moreover AI-based systems are capable of observing and learning from the past, acting in the present, and anticipating the future. Therefore the demand for AI in machine vision is to create high growth opportunities for the market.
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Lack of user awareness about rapidly changing machine vision technology is a challenge for the growth of the market
The machine vision technology is rapidly changing and improving with AI-based solutions, Since most people are unaware of the functioning of this technology, business owners have to train their employees in the technical know-how of AI-based devices.
Asia Pacific is considered to have the greatest number of manufacturing plants in the world. The demand for machine vision systems in Asia Pacific is expected to grow primarily due to the increasing adoption of robots and the extensive use of AI, ML and big data by manufacturing organizations in countries such as China, Japan, and South Korea.
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Key Market Players in Machine Vision Industry
Cognex Corporation (US), Keyence (Japan), Teledyne Technologies (US), TKH GROUP (Germany), Basler (Germany), OMRON Corporation (Japan), NATIONAL INSTRUMENTS CORP (US), Intel Corporation (US).
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