Demand for automation in manufacturing—food processing, pharmaceutical, automotive, and medical devices—will accelerate Asia's machine vision systems industry. A recent analysis from Frost & Sullivan revealed that Asia-Pacific is the fastest-growing market for machine vision systems due to growing industrialisation in the region. The new research also indicated that the rising demand for automation across industries to enhance operations and productivity drives the global machine vision market. What's more, the global market will likely garner US$14.02 billion in revenue by 2025 from $10.28 billion in 2020, an uptick at a compound annual growth rate (CAGR) of 6.4%.
Sujan Sami, industrial program manager at Frost & Sullivan, explained:
"The demand for machine vision systems will witness a surge, as the manufacturing industry worldwide makes a transformational shift toward Industry 5.0. Further, the change in consumer eating habits and lifestyles due to the pandemic has resulted in the growth of food and beverage manufacturing, processing, and packaging companies. As food safety regulations grow stricter globally, food processing and manufacturing industries increasingly depend on machine vision systems for quality control."
Sami added: "As end-users increasingly seek compact, high-quality, and easy-to-integrate vision solutions for their business processes, market leaders are developing strategic partnerships with automation and robotics companies to bring cost-effective business and service models in the machine vision space."
(Image from F&S)
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