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Robotic vision and AI spur growth

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MICHAEL D. WHEELER, EDITOR-IN-CHIEF, [email protected]

The global machine vision market is set to reach $11.6 billion in 2024, nearly doubling to $22.6 billion by 2032. This translates to a compound annual growth rate of 8.7%, according to a report issued last month by Fortune Business Insights. This is good news for an industry that has seen its share of recent challenges during the last 12 to 18 months, especially in Europe. As we’ve reported on extensively in Vision Spectra, 3D imaging and vision-guided robotics are playing a critical role, with the authors of Fortune Business Insights noting that the “widespread adoption of...Read full article

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