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Global MV Camera Market to Reach $6.5 Billion by 2031:

#Global #Camera #Market #Reach #Billion

Portland, OR, Oct. 20, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global MV camera market generated $2.6 billion in 2021 and is projected to reach $6.5 billion by 2031, growing at a CAGR of 9.9% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.

Download Free Sample Report (Get Detailed Analysis in PDF – 387 Pages):

Report Coverage & Details:

Report Coverage Details
Forecast Period 2022­–2031
Base Year 2021
Market Size in 2021 $2.6 billion
Market Size in 2031 $6.5 billion
CAGR 9.9%
No. of Pages in Report 387
Segments Covered Vision type, sensor type, platform type, camera type, application, end-users, and region.
Drivers Increase in demand for vision-enabled robotics systems
Increase in the use of machine vision cameras in non-industrial sectors.
Opportunities Rise in opportunities for Industry 4.0 across the manufacturing sector
Increase in the adoption of vision systems in medical and life science research
Restrains Extortionate cost of maintenance
Lack of skilled professionals

COVID-19 Scenario:

  • The outbreak of the COVID-19 has had a negative impact on the growth of the global MV camera market, owing to the occurrence of lockdowns in various countries across the globe.
  • Lockdowns resulted in the closure of manufacturing facilities, including those of MV cameras and other electronic products, which impacted the growth of the market.
  •  In addition, delay or cancellation of projects and shortage of skilled workforce during…

Read on GNW: Global MV Camera Market to Reach $6.5 Billion by 2031:

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