Bharat Book Bureau Provides the Trending Market Research Report on “Asia Pacific Machine Vision Market 2022 by Manufacturers, Regions, Type and Application, Forecast to 2028” under Services Market Research Reports Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.
Bharat Book Bureau’s report mentions that the Asia-Pacific Machine Vision Market is anticipated to develop at a CAGR of 8.41% over the years 2021-2028. India, Australia & New Zealand, Japan, China, South Korea, ASEAN Countries, and Rest of APAC outline the market within the region.
In the region, manufacturing has emerged as one of the major sectors. Moreover, the introduction of the ‘Make in India’ program has revolutionized the country’s manufacturing sector to a large extent. Further, several prominent companies, such as GE, Siemens, Toshiba, and others, have set up their manufacturing plants in the country. Many of these companies have invested largely in the sector. For instance, the Chatterjee Group stated its plan to set up a continuous polymerization unit and a spinning unit. Such developments will enhance the demand for machine vision, thereby driving the machine vision market on a progressive path.
On the other hand, South Korea has emerged as a major player in the industrial and consumer technologies segments. The country is further investing significantly in industrial automation, becoming a hub for manufacturing robotics and automation technologies. Additionally, the government has invested a substantial amount in innovative technologies, propelling the shift towards industrial automation and deployment of robotics in production processes. In this regard, higher productivity and accuracy are key factors that have driven automation. Hence, as mentioned above, these factors are estimated to offer lucrative opportunities to the machine vision market within South Korea.
The major companies in the machine vision market include Omron Corporation, Cognex Corporation, Keyence Corporation, Baumer Optronic GmbH, Jai AS, Flir Systems Inc, and Datalogic SPA.
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