The different product categories within the machine vision equipment market are PC-based ma-chine vision and smart camera-based machine vision. The proliferation of technologies and their applications within industries have created a lot of excitement for the small and medium-sized manufacturers. The market is very competitive, and to remain competitive in the market, end users demand advanced machine vision solutions to ensure greater robustness, reliability, and stability. Machine vision comprises a combination of hardware and software to capture and process images and execute their functions.
The global machine vision equipment market achieved a moderate growth of 11.8% in 2017. It is expected to grow at a CAGR of 12.82% owing to the rapid pace of technological advancements.