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Article obtained from Photonics RSS Feed.
As news of the first vaccinations in Europe and North America break at press time, there’s renewed hope that the pandemic’s end is in sight for 2021. This is good news for the vision market, which — like all the major sectors of the global economy — has been adversely affected by COVID-19.
Look for a rebound in 2021 and beyond, according to Research and Markets. Its report titled “Machine Vision Systems — Global Market Trajectory & Analytics” takes into account the business implications of the pandemic, and the firm predicts that by 2027, the market is set to reach $17.7 billion at a compound annual growth rate (CAGR) of 12%. The 2020 market size in the U.S. is pegged at $2.2 billion….READ MORE