Demand for industrial control and factory automation is increasing because of the rapidly changing pattern of consumption and production of goods and services
The implementation of industrial control and factory automation in factories is growing at a rapid pace. The demand for industrial control and factory automation is increasing across verticals because of the rapidly changing pattern of consumption and production of goods and services. The adoption of smart field devices such as industrial robots and technology is being done to address the defect at...
What is the current investment trends in the machine vision market ?
The machine vision market is expected to reach USD 14.0 billion by 2024 from USD 9.9 billion in 2019, at a CAGR of 7.1% from 2019 to 2024. In 2018, the market was mainly dominated by Cognex Corporation (US), Keyence Corporation (Japan), National Instruments (US), Basler (Germany), and Omron Corporation (Japan). These major companies focus on the implementation of organic growth strategies, such as...