The Global Machine Vision Market size is valued at USD 13.1 billion in 2024 & is estimated to grow at a CAGR of around 7.5% during the forecast period, i.e., 2024-30. The market growth of machine vision components in the automotive sector is due to increased demand and adoption. Increased road accidents and traffic around the world have also created a necessity for more reliable and efficient vehicles. Machine vision systems installed on cars such as cameras, frame grabbers, processors, etc., ensure that automobile parts are assembled with precision and quality control which has led to an increase in the demand for machine vision components within the automotive industry.
Latest Report by MarkNtel – Machine Vision Market Size, Share, Trends | Growth Report [2030]