Bharat Book Bureau Provides the Trending Market Research Report on “North America 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 insinuates that the North American Machine Vision Market is estimated to grow at a CAGR of 6.75% over the registered period 2021-2028. The United States and Canada form the market in this region.
The United States is on the verge of the fourth industrial revolution wherein data will be used on a large scale for production, integrating data with various manufacturing systems in the supply chain. The country is also among the largest automotive industries in the world, hosting several prominent auto manufacturers. Additionally, automotive manufacturing generates significant revenue in the manufacturing sector.
Furthermore, the formation of the Advanced Manufacturing Partnership to encourage industries, universities, and the federal government to invest in emerging technologies is expected to widen the scope and growth of the machine vision market in the US.
Canada’s manufacturers depend primarily on innovation and investments in technologies to sustain themselves in the market. The country is witnessing growth in the economy, which is supporting the growth of the manufacturing sector. Here, the rise in technology investments is mainly due to the rising input, labor costs, and competition. The country is also the ninth-largest vehicle producer, which drives the adoption of machine vision systems. Therefore, as stated above, these factors create several growth opportunities for the Canadian machine vision market.
The major firms in the machine vision market are National Instruments Corporation, Cognex Corporation, Jai AS, Optotune AG, Teledyne Technologies Inc, Baumer Optronic GmbH, and Basler AG.
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