The overall vision sensor market is expected to grow from USD 2.5 billion in 2018 to USD 4.5 billion by 2023—growing at a CAGR of 12.20%. The growth of the electronics and electrical industry, the use of machine vision technology in the automotive industry, and the focus of manufacturing companies on cost and time savings are the factors driving the demand for vision sensors. ... Read more
The global vision sensor market was estimated at USD 1.86 billion in 2018 and can touch a valuation of USD 3.87 billion by 2024, says Market Research Future (MRFR). The market can also possibly attain a CAGR of 13.43% during the forecast period (2019-2024).
The global vision sensors market benefits largely from the expanding electronics and electrical industry coupled with mounting demand for consumer electronics. Strong demand ... Read more
