According to a new report by UnivDatos, the Machine Vision Market is expected to reach around USD 25.64 billion in 2032 by growing at a CAGR of 8.8%. Machine vision can be defined as the technology and systems employed in imaging-based automatic inspection and analysis in use such as quality assurance, inspection, and process control. It enables an object to analyze and perform actions...

According to the UnivDatos, the rise in industrial robots and their applications in inspection, quality control, and guidance is a major driver of the market. Furthermore, smart factories and Industry 4.0 initiatives promote machine vision integration for process optimization. The “Machine Vision Market” was valued at USD 12.2 billion in 2023, growing at a CAGR of 8.8% during the...