The article cited AMA's Global Machine vision system Market Study explored significant growth with CAGR of 7.7%. According to the report, Increasing Need for Quality Inspection and Automation is one of the primary growth factors for the market. Rising Need for Asics is also expected to contribute significantly to the Machine vision system market. Overall, Positioning applications of Machine vision system, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. New players are beginning to enter the market and established companies have been changing their business models – a trend that will continue in the future.

AMA’s Analyst on the Global Machine vision system Market identified that the demand is rising in many different parts of the world due to "Increasing Manufacturing of Hybrid and Electric Cars ". Furthermore, some recent industry insights like "In October 2023, Kitov.ai has launched its K-BOX line of machine vision systems that combine AI, 3D imaging, and intelligent robotic planning technologies. K-BOX offers the same functionality as the company's Core+ visual inspection solution, which combines such machine vision techniques as automated lighting control, deep learning, 2D/3D imaging and intelligent robotic planning." is constantly making the industry dynamic. One of the challenges that industry facing is "Lack of Skilled Professionals in Manufacturing Factories"

The Industry Vertical, such as Industrial, is boosting the Machine vision system market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Component, such as Smart Camera, is boosting the Machine vision system market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Machine vision system market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Machine vision system market and other related sub-markets covered in the study.

o Key & emerging players in the Machine vision system market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Machine vision system market size is calculated using market estimation process, the Machine vision system market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Machine vision system market size has been validated using both top-down and bottom-up approaches.