Machine Vision Market to See Steady Growth, Reaching $21.6 Billion by 2034
- Machine vision market valued at $9.9 billion in 2024, grew at 10.7% CAGR in 2023
- Expected to grow at 8.1% CAGR from 2024-2034, reaching $21.6 billion by 2034
- Growth driven by need for automation and quality control across industries
- Machine vision enhances productivity, reduces errors, improves efficiency
- Integral role in smart factories, Industry 4.0, robotics, advanced inspection