Europe Machine Vision Market Forecast 2017-2025

NEW YORK, Oct. 10, 2017 /PRNewswire/ --

KEY FINDINGS
Europe's Machine Vision market is expected to flourish with a CAGR of 7.13% for the forecast period of 2017-2025. The revenue generated from this market is expected to increase from $2885.4 million in 2016 and reach $5478.2 million by the end of the forecast period.



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MARKET INSIGHTS
The present trend of product miniaturization has considerably increased the demand for machine vision systems. This, coupled with the growing need for quality inspection and factory automation are primarily responsible for driving the market growth. The market is segmented by application, by components, by end-user industries and by type. The Machine Vision market is projected to witness a drastic change with respect to the investment for both research and product innovation.

COMPETITIVE INSIGHTS
Cognex Corporation, Microscan Systems Inc, Basler Ag, Allied Vision Technologies GmbH, Teledyne Technologies Inc, Perceptron Inc, Uss Vision Inc, National Instruments Corporation, and Baumer Optronic Gmbh are few of the renowned companies in this market.

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