Key Findings
The North America machine vision market is anticipated to register a CAGR of 7.28% during the forecasted period of 2021 to 2028. The regional market’s growth is fueled by increasing investments in research and development (R&D) in order to facilitate efficient manufacturing processes, the presence of well-established global players, as well as significant technological developments.

Market Insights
The North America machine vision market growth evaluation constitutes the assessment of Canada and the United States. Manufacturing is a predominant element in terms of Canada’s modern economy. Equating to nearly $173 billion of the country’s gross domestic product (GDP), manufacturing accounts for over 10% of the same. The production industry in Canada holds tremendous potential for the country’s fiscal prospects. Moreover, on account of the development of new technologies, several markets for Canadian goods are emerging, thus transitioning the manner in which these products are manufactured and handled.
On the other hand, the country’s machine vision market has also experienced significant improvements, with continued investments by manufacturers in automation, as well as imaging technology, being a critical factor contributing to the industry’s expansion. The government of Canada has also slashed taxes, eased regulations, and promoted trade in order to attract firms to establish manufacturing plants in the country. As a result, these factors are anticipated to propel the machine vision market growth in North America over the forecasting years.

Competitive Insights
The top players operating in the market are Cognex Corporation, FLIR Systems Inc, Microscan Systems Inc, etc.
Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments