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Machine Vision Global Market Insights 2024, Analysis and Forecast to 2029, by Manufacturers, Regions, Technology, Application, Product Type

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    Report

  • 112 Pages
  • November 2024
  • Region: Global
  • Prof Research
  • ID: 5729333
Description Jump to:
The Machine Vision Market is an integral part of the larger automation and control sector, driven by advancements in technology and increasing demand for quality assurance in various industries. Machine vision systems utilize cameras, image processing software, and artificial intelligence to provide high-speed, accurate inspection and measurement of products. This technology is pivotal in applications across manufacturing, automotive, electronics, and medical sectors, where precision and reliability are critical.

Market Size

The global machine vision market is projected to reach approximately $19.2 billion by 2029, growing at a CAGR of 7.7% from 2024 to 2029. The increasing automation in manufacturing, coupled with rising demands for quality control, is propelling the market forward. In 2023, the market size was estimated at around $11.5 billion, indicating considerable growth potential in the upcoming years. The surge in the adoption of machine vision systems in various industries, such as automotive and pharmaceuticals, is a significant factor contributing to this growth.

Share & Trends Analysis Report

By Product Type

  • The machine vision market is segmented by product type, which includes hardware, software, and services.
  • Hardware: This segment holds the largest share, accounting for approximately 65% of the total market in 2023. Hardware comprises cameras, lighting, lenses, and frame grabbers.
  • Software: The software segment is expected to grow significantly, driven by advancements in artificial intelligence and machine learning algorithms. It is projected to reach $6.8 billion by 2029.
  • Services: The services segment includes system integration, consulting, and maintenance, making up about 15% of the market share.

By Key Players

Key players dominating the machine vision market include:
  • Fanuc Corporation: A leading manufacturer known for its industrial robots and machine vision solutions.
  • Cognex Corporation: Specializes in machine vision systems, offering solutions for inspection, identification, and guidance.
  • Basler AG: A global leader in camera manufacturing that integrates advanced machine vision technology.
  • Keyence Corporation: Offers sensors, measuring instruments, and other machine vision products, emphasizing innovation.
  • Teledyne Technologies: Provides advanced imaging solutions and has a substantial presence in the machine vision market.

By Process

The market can also be analyzed based on the processes used:
  • 2D Machine Vision: Dominates the market due to its established presence and reliability in inspection tasks.
  • 3D Machine Vision: This segment is expected to grow significantly, providing deeper insights through enhanced imaging capabilities, projected to reach $4.5 billion by 2029.
  • Embedded Vision: Gaining traction, especially in smart manufacturing applications, indicating a shift towards more integrated solutions.

By Application

Applications for machine vision systems include:
  • Quality Control: The largest application segment, responsible for ensuring product standards and reducing defects.
  • Identification: Used extensively in logistics and manufacturing for tracking and product authentication.
  • Measurement: Critical for dimensions and tolerances, particularly in precision engineering sectors such as automotive.
  • Guidance: Increasingly utilized in robotic applications, aiding automated systems in operating accurately.

By End-Use

The key end-use segments driving the growth of the machine vision market include:
  • Manufacturing: Specifically automotive, electronics, and general manufacturing, accounting for over 45% of the market share.
  • Food & Beverage: Growing demand for quality assurance and non-destructive testing is expected to propel this segment.
  • Pharmaceuticals: Regulatory compliance and quality control drive the demand for machine vision systems in this industry.
  • Healthcare: Increasing use of imaging technology in medical diagnostics is expanding the application of machine vision.

By Region

The machine vision market is segmented by region into:
  • North America: The largest market, expected to maintain its dominance due to technological advancements and a strong manufacturing base.
  • Europe: A significant market, especially in automotive and manufacturing sectors, with a growing focus on automation.
  • Asia-Pacific: Projected to witness the highest growth rate, driven by rapid industrialization, particularly in China and India.
  • Latin America & Middle East & Africa: Emerging markets are gradually adopting machine vision technologies due to increasing investments in automation.

Market News and Policy Updates

  • Recent developments indicate that governments and organizations are implementing policies to encourage automation and smart manufacturing.
  • The Manufacturing USA Initiative in the United States continues to promote the integration of advanced technologies, including machine vision.
  • In the European Union, the Industry 4.0 initiative aims to boost productivity by integrating machine vision into various sectors.
  • Companies like Cognex and Keyence are actively forming partnerships and collaborations to innovate and expand their machine vision product offerings.

Segment Forecasts, 2024 - 2029

  • The forecasts for the machine vision market from 2024 to 2029 indicate robust growth across all segments.
  • Hardware is expected to remain the leading segment, but software growth is predicted to outpace it, fueled by AI and machine learning advancements.
  • 3D machine vision will gain market share, shifting towards more sophisticated imaging technologies.
  • Regions like Asia-Pacific will experience considerable expansion due to increased industrial automation and investment in new technologies.
  • Industry applications in healthcare and pharmaceuticals are set to escalate, driven by ongoing improvements in imaging technology.

Conclusion

The machine vision market is poised for substantial growth between 2024 and 2029, driven by technological advancements, increasing automation, and the need for quality assurance across industries. With significant investments from key players and an evolving market landscape, stakeholders are well-positioned to capitalize on emerging opportunities. As industries continue to embrace digital transformation, machine vision will play a critical role in shaping the future of manufacturing and automated processes.


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Table of Contents

Chapter 1 Executive SummaryChapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
5.6 COVID-19 Impact
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Machine Vision Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Trading Analysis
8.1 Export of Machine Vision by Region
8.2 Import of Machine Vision by Region
8.3 Balance of Trade
Chapter 9 Historical and Forecast Machine Vision Market in North America (2019-2029)
9.1 Machine Vision Market Size
9.2 Machine Vision Demand by End Use
9.3 Competition by Players/Suppliers
9.4 Type Segmentation and Price
9.5 Key Countries Analysis
9.5.1 United States
9.5.2 Canada
9.5.3 Mexico
Chapter 10 Historical and Forecast Machine Vision Market in South America (2019-2029)
10.1 Machine Vision Market Size
10.2 Machine Vision Demand by End Use
10.3 Competition by Players/Suppliers
10.4 Type Segmentation and Price
10.5 Key Countries Analysis
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Chile
10.5.4 Peru
Chapter 11 Historical and Forecast Machine Vision Market in Asia & Pacific (2019-2029)
11.1 Machine Vision Market Size
11.2 Machine Vision Demand by End Use
11.3 Competition by Players/Suppliers
11.4 Type Segmentation and Price
11.5 Key Countries Analysis
11.5.1 China
11.5.2 India
11.5.3 Japan
11.5.4 South Korea
11.5.5 Southeast Asia
11.5.6 Australia
Chapter 12 Historical and Forecast Machine Vision Market in Europe (2019-2029)
12.1 Machine Vision Market Size
12.2 Machine Vision Demand by End Use
12.3 Competition by Players/Suppliers
12.4 Type Segmentation and Price
12.5 Key Countries Analysis
12.5.1 Germany
12.5.2 France
12.5.3 United Kingdom
12.5.4 Italy
12.5.5 Spain
12.5.6 Belgium
12.5.7 Netherlands
12.5.8 Austria
12.5.9 Poland
12.5.10 Russia
Chapter 13 Historical and Forecast Machine Vision Market in MEA (2019-2029)
13.1 Machine Vision Market Size
13.2 Machine Vision Demand by End Use
13.3 Competition by Players/Suppliers
13.4 Type Segmentation and Price
13.5 Key Countries Analysis
13.5.1 Egypt
13.5.2 Israel
13.5.3 South Africa
13.5.4 Gulf Cooperation Council Countries
13.5.5 Turkey
Chapter 14 Summary For Global Machine Vision Market (2019-2024)
14.1 Machine Vision Market Size
14.2 Machine Vision Demand by End Use
14.3 Competition by Players/Suppliers
14.4 Type Segmentation and Price
Chapter 15 Global Machine Vision Market Forecast (2024-2029)
15.1 Machine Vision Market Size Forecast
15.2 Machine Vision Demand Forecast
15.3 Competition by Players/Suppliers
15.4 Type Segmentation and Price Forecast
Chapter 16 Analysis of Global Key Vendors
16.1 Keyence Corporation
16.1.1 Company Profile
16.1.2 Main Business and Machine Vision Information
16.1.3 SWOT Analysis of Keyence Corporation
16.1.4 Keyence Corporation Machine Vision Sales, Revenue, Price and Gross Margin (2019-2024)
16.2 Sick AG
16.2.1 Company Profile
16.2.2 Main Business and Machine Vision Information
16.2.3 SWOT Analysis of Sick AG
16.2.4 Sick AG Machine Vision Sales, Revenue, Price and Gross Margin (2019-2024)
16.3 Datalogic
16.3.1 Company Profile
16.3.2 Main Business and Machine Vision Information
16.3.3 SWOT Analysis of Datalogic
16.3.4 Datalogic Machine Vision Sales, Revenue, Price and Gross Margin (2019-2024)
16.4 Omron Corporation
16.4.1 Company Profile
16.4.2 Main Business and Machine Vision Information
16.4.3 SWOT Analysis of Omron Corporation
16.4.4 Omron Corporation Machine Vision Sales, Revenue, Price and Gross Margin (2019-2024)
16.5 Cognex
16.5.1 Company Profile
16.5.2 Main Business and Machine Vision Information
16.5.3 SWOT Analysis of Cognex
16.5.4 Cognex Machine Vision Sales, Revenue, Price and Gross Margin (2019-2024)
16.6 DWFritz
16.6.1 Company Profile
16.6.2 Main Business and Machine Vision Information
16.6.3 SWOT Analysis of DWFritz
16.6.4 DWFritz Machine Vision Sales, Revenue, Price and Gross Margin (2019-2024)
16.7 Hexagon
16.7.1 Company Profile
16.7.2 Main Business and Machine Vision Information
16.7.3 SWOT Analysis of Hexagon
16.7.4 Hexagon Machine Vision Sales, Revenue, Price and Gross Margin (2019-2024)
16.8 Hennecke
16.8.1 Company Profile
16.8.2 Main Business and Machine Vision Information
16.8.3 SWOT Analysis of Hennecke
16.8.4 Hennecke Machine Vision Sales, Revenue, Price and Gross Margin (2019-2024)
16.9 Suzhou Tztek
16.9.1 Company Profile
16.9.2 Main Business and Machine Vision Information
16.9.3 SWOT Analysis of Suzhou Tztek
16.9.4 Suzhou Tztek Machine Vision Sales, Revenue, Price and Gross Margin (2019-2024)
16.10 JUTZE
16.10.1 Company Profile
16.10.2 Main Business and Machine Vision Information
16.10.3 SWOT Analysis of JUTZE
16.10.4 JUTZE Machine Vision Sales, Revenue, Price and Gross Margin (2019-2024)
List of Tables and Figures
Table Abbreviation and Acronyms List
Table Research Scope of Machine Vision Report
Table Data Sources of Machine Vision Report
Table Major Assumptions of Machine Vision Report
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Machine Vision Picture
Table Machine Vision Classification
Table Machine Vision Applications List
Table Drivers of Machine Vision Market
Table Restraints of Machine Vision Market
Table Opportunities of Machine Vision Market
Table Threats of Machine Vision Market
Table COVID-19 Impact For Machine Vision Market
Table Raw Materials Suppliers List
Table Different Production Methods of Machine Vision
Table Cost Structure Analysis of Machine Vision
Table Key End Users List
Table Latest News of Machine Vision Market
Table Merger and Acquisition List
Table Planned/Future Project of Machine Vision Market
Table Policy of Machine Vision Market
Table 2019-2029 Regional Export of Machine Vision
Table 2019-2029 Regional Import of Machine Vision
Table 2019-2029 Regional Trade Balance
Figure 2019-2029 Regional Trade Balance
Table 2019-2029 North America Machine Vision Market Size and Market Volume List
Figure 2019-2029 North America Machine Vision Market Size and CAGR
Figure 2019-2029 North America Machine Vision Market Volume and CAGR
Table 2019-2029 North America Machine Vision Demand List by Application
Table 2019-2024 North America Machine Vision Key Players Sales List
Table 2019-2024 North America Machine Vision Key Players Market Share List
Table 2019-2029 North America Machine Vision Demand List by Type
Table 2019-2024 North America Machine Vision Price List by Type
Table 2019-2029 United States Machine Vision Market Size and Market Volume List
Table 2019-2029 United States Machine Vision Import & Export List
Table 2019-2029 Canada Machine Vision Market Size and Market Volume List
Table 2019-2029 Canada Machine Vision Import & Export List
Table 2019-2029 Mexico Machine Vision Market Size and Market Volume List
Table 2019-2029 Mexico Machine Vision Import & Export List
Table 2019-2029 South America Machine Vision Market Size and Market Volume List
Figure 2019-2029 South America Machine Vision Market Size and CAGR
Figure 2019-2029 South America Machine Vision Market Volume and CAGR
Table 2019-2029 South America Machine Vision Demand List by Application
Table 2019-2024 South America Machine Vision Key Players Sales List
Table 2019-2024 South America Machine Vision Key Players Market Share List
Table 2019-2029 South America Machine Vision Demand List by Type
Table 2019-2024 South America Machine Vision Price List by Type
Table 2019-2029 Brazil Machine Vision Market Size and Market Volume List
Table 2019-2029 Brazil Machine Vision Import & Export List
Table 2019-2029 Argentina Machine Vision Market Size and Market Volume List
Table 2019-2029 Argentina Machine Vision Import & Export List
Table 2019-2029 Chile Machine Vision Market Size and Market Volume List
Table 2019-2029 Chile Machine Vision Import & Export List
Table 2019-2029 Peru Machine Vision Market Size and Market Volume List
Table 2019-2029 Peru Machine Vision Import & Export List
Table 2019-2029 Asia & Pacific Machine Vision Market Size and Market Volume List
Figure 2019-2029 Asia & Pacific Machine Vision Market Size and CAGR
Figure 2019-2029 Asia & Pacific Machine Vision Market Volume and CAGR
Table 2019-2029 Asia & Pacific Machine Vision Demand List by Application
Table 2019-2024 Asia & Pacific Machine Vision Key Players Sales List
Table 2019-2024 Asia & Pacific Machine Vision Key Players Market Share List
Table 2019-2029 Asia & Pacific Machine Vision Demand List by Type
Table 2019-2024 Asia & Pacific Machine Vision Price List by Type
Table 2019-2029 China Machine Vision Market Size and Market Volume List
Table 2019-2029 China Machine Vision Import & Export List
Table 2019-2029 India Machine Vision Market Size and Market Volume List
Table 2019-2029 India Machine Vision Import & Export List
Table 2019-2029 Japan Machine Vision Market Size and Market Volume List
Table 2019-2029 Japan Machine Vision Import & Export List
Table 2019-2029 South Korea Machine Vision Market Size and Market Volume List
Table 2019-2029 South Korea Machine Vision Import & Export List
Table 2019-2029 Southeast Asia Machine Vision Market Size List
Table 2019-2029 Southeast Asia Machine Vision Market Volume List
Table 2019-2029 Southeast Asia Machine Vision Import List
Table 2019-2029 Southeast Asia Machine Vision Export List
Table 2019-2029 Australia Machine Vision Market Size and Market Volume List
Table 2019-2029 Australia Machine Vision Import & Export List
Table 2019-2029 Europe Machine Vision Market Size and Market Volume List
Figure 2019-2029 Europe Machine Vision Market Size and CAGR
Figure 2019-2029 Europe Machine Vision Market Volume and CAGR
Table 2019-2029 Europe Machine Vision Demand List by Application
Table 2019-2024 Europe Machine Vision Key Players Sales List
Table 2019-2024 Europe Machine Vision Key Players Market Share List
Table 2019-2029 Europe Machine Vision Demand List by Type
Table 2019-2024 Europe Machine Vision Price List by Type
Table 2019-2029 Germany Machine Vision Market Size and Market Volume List
Table 2019-2029 Germany Machine Vision Import & Export List
Table 2019-2029 France Machine Vision Market Size and Market Volume List
Table 2019-2029 France Machine Vision Import & Export List
Table 2019-2029 United Kingdom Machine Vision Market Size and Market Volume List
Table 2019-2029 United Kingdom Machine Vision Import & Export List
Table 2019-2029 Italy Machine Vision Market Size and Market Volume List
Table 2019-2029 Italy Machine Vision Import & Export List
Table 2019-2029 Spain Machine Vision Market Size and Market Volume List
Table 2019-2029 Spain Machine Vision Import & Export List
Table 2019-2029 Belgium Machine Vision Market Size and Market Volume List
Table 2019-2029 Belgium Machine Vision Import & Export List
Table 2019-2029 Netherlands Machine Vision Market Size and Market Volume List
Table 2019-2029 Netherlands Machine Vision Import & Export List
Table 2019-2029 Austria Machine Vision Market Size and Market Volume List
Table 2019-2029 Austria Machine Vision Import & Export List
Table 2019-2029 Poland Machine Vision Market Size and Market Volume List
Table 2019-2029 Poland Machine Vision Import & Export List
Table 2019-2029 Russia Machine Vision Market Size and Market Volume List
Table 2019-2029 Russia Machine Vision Import & Export List
Table 2019-2029 MEA Machine Vision Market Size and Market Volume List
Figure 2019-2029 MEA Machine Vision Market Size and CAGR
Figure 2019-2029 MEA Machine Vision Market Volume and CAGR
Table 2019-2029 MEA Machine Vision Demand List by Application
Table 2019-2024 MEA Machine Vision Key Players Sales List
Table 2019-2024 MEA Machine Vision Key Players Market Share List
Table 2019-2029 MEA Machine Vision Demand List by Type
Table 2019-2024 MEA Machine Vision Price List by Type
Table 2019-2029 Egypt Machine Vision Market Size and Market Volume List
Table 2019-2029 Egypt Machine Vision Import & Export List
Table 2019-2029 Israel Machine Vision Market Size and Market Volume List
Table 2019-2029 Israel Machine Vision Import & Export List
Table 2019-2029 South Africa Machine Vision Market Size and Market Volume List
Table 2019-2029 South Africa Machine Vision Import & Export List
Table 2019-2029 Gulf Cooperation Council Countries Machine Vision Market Size and Market Volume List
Table 2019-2029 Gulf Cooperation Council Countries Machine Vision Import & Export List
Table 2019-2029 Turkey Machine Vision Market Size and Market Volume List
Table 2019-2029 Turkey Machine Vision Import & Export List
Table 2019-2024 Global Machine Vision Market Size List by Region
Table 2019-2024 Global Machine Vision Market Size Share List by Region
Table 2019-2024 Global Machine Vision Market Volume List by Region
Table 2019-2024 Global Machine Vision Market Volume Share List by Region
Table 2019-2024 Global Machine Vision Demand List by Application
Table 2019-2024 Global Machine Vision Demand Market Share List by Application
Table 2019-2024 Global Machine Vision Key Vendors Sales List
Table 2019-2024 Global Machine Vision Key Vendors Sales Share List
Figure 2019-2024 Global Machine Vision Market Volume and Growth Rate
Table 2019-2024 Global Machine Vision Key Vendors Revenue List
Figure 2019-2024 Global Machine Vision Market Size and Growth Rate
Table 2019-2024 Global Machine Vision Key Vendors Revenue Share List
Table 2019-2024 Global Machine Vision Demand List by Type
Table 2019-2024 Global Machine Vision Demand Market Share List by Type
Table 2019-2024 Regional Machine Vision Price List
Table 2024-2029 Global Machine Vision Market Size List by Region
Table 2024-2029 Global Machine Vision Market Size Share List by Region
Table 2024-2029 Global Machine Vision Market Volume List by Region
Table 2024-2029 Global Machine Vision Market Volume Share List by Region
Table 2024-2029 Global Machine Vision Demand List by Application
Table 2024-2029 Global Machine Vision Demand Market Share List by Application
Table 2024-2029 Global Machine Vision Key Vendors Sales List
Table 2024-2029 Global Machine Vision Key Vendors Sales Share List
Figure 2024-2029 Global Machine Vision Market Volume and Growth Rate
Table 2024-2029 Global Machine Vision Key Vendors Revenue List
Figure 2024-2029 Global Machine Vision Market Size and Growth Rate
Table 2024-2029 Global Machine Vision Key Vendors Revenue Share List
Table 2024-2029 Global Machine Vision Demand List by Type
Table 2024-2029 Global Machine Vision Demand Market Share List by Type
Table 2024-2029 Machine Vision Regional Price List
Table Keyence Corporation Information
Table SWOT Analysis of Keyence Corporation
Table 2019-2024 Keyence Corporation Machine Vision Sale Volume Price Cost Revenue
Figure 2019-2024 Keyence Corporation Machine Vision Sale Volume and Growth Rate
Figure 2019-2024 Keyence Corporation Machine Vision Market Share
Table Sick AG Information
Table SWOT Analysis of Sick AG
Table 2019-2024 Sick AG Machine Vision Sale Volume Price Cost Revenue
Figure 2019-2024 Sick AG Machine Vision Sale Volume and Growth Rate
Figure 2019-2024 Sick AG Machine Vision Market Share
Table Datalogic Information
Table SWOT Analysis of Datalogic
Table 2019-2024 Datalogic Machine Vision Sale Volume Price Cost Revenue
Figure 2019-2024 Datalogic Machine Vision Sale Volume and Growth Rate
Figure 2019-2024 Datalogic Machine Vision Market Share
Table Omron Corporation Information
Table SWOT Analysis of Omron Corporation
Table 2019-2024 Omron Corporation Machine Vision Sale Volume Price Cost Revenue
Figure 2019-2024 Omron Corporation Machine Vision Sale Volume and Growth Rate
Figure 2019-2024 Omron Corporation Machine Vision Market Share
Table Cognex Information
Table SWOT Analysis of Cognex
Table 2019-2024 Cognex Machine Vision Sale Volume Price Cost Revenue
Figure 2019-2024 Cognex Machine Vision Sale Volume and Growth Rate
Figure 2019-2024 Cognex Machine Vision Market Share
Table DWFritz Information
Table SWOT Analysis of DWFritz
Table 2019-2024 DWFritz Machine Vision Sale Volume Price Cost Revenue
Figure 2019-2024 DWFritz Machine Vision Sale Volume and Growth Rate
Figure 2019-2024 DWFritz Machine Vision Market Share
Table Hexagon Information
Table SWOT Analysis of Hexagon
Table 2019-2024 Hexagon Machine Vision Sale Volume Price Cost Revenue
Figure 2019-2024 Hexagon Machine Vision Sale Volume and Growth Rate
Figure 2019-2024 Hexagon Machine Vision Market Share
Table Hennecke Information
Table SWOT Analysis of Hennecke
Table 2019-2024 Hennecke Machine Vision Sale Volume Price Cost Revenue
Figure 2019-2024 Hennecke Machine Vision Sale Volume and Growth Rate
Figure 2019-2024 Hennecke Machine Vision Market Share
Table Suzhou Tztek Information
Table SWOT Analysis of Suzhou Tztek
Table 2019-2024 Suzhou Tztek Machine Vision Sale Volume Price Cost Revenue
Figure 2019-2024 Suzhou Tztek Machine Vision Sale Volume and Growth Rate
Figure 2019-2024 Suzhou Tztek Machine Vision Market Share
Table JUTZE Information
Table SWOT Analysis of JUTZE
Table 2019-2024 JUTZE Machine Vision Sale Volume Price Cost Revenue
Figure 2019-2024 JUTZE Machine Vision Sale Volume and Growth Rate
Figure 2019-2024 JUTZE Machine Vision Market Share

Companies Mentioned

  • Keyence Corporation
  • Sick AG
  • Datalogic
  • Omron Corporation
  • Cognex
  • DWFritz
  • Hexagon
  • Hennecke
  • Suzhou Tztek
  • JUTZE

Methodology

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