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Machine Vision Market Size Worth $21.17 Billion By 2028 | CAGR: 6.9%: Grand View Research, Inc.


Machine Vision Market Size Worth $21.17 Billion By 2028 | CAGR: 6.9%: Grand View Research, Inc.
SAN FRANCISCO, April 27, 2021 /PRNewswire/ The global machine vision market size is expected
to reach USD 21.17 billion by 2028, according to a new report by Grand View Research, Inc. It is expected
to expand at a CAGR of 6.9% from 2021 to 2028. The ability of machine vision systems to process a large amount of information in a fraction of seconds is a major factor driving the market. The quick processing ability of machine vision systems is paving the way for manufacturers to achieve new milestones in manufacturing products with negligible defects. Moreover, the increasing adoption of robots across the industrial sectors is leading to the application of vision-guided robotic systems. Industrial verticals such as automotive, pharmaceutical, packaging, and food and beverage are prominent sectors where robotic systems are used, eventually fueling the demand for machine vis ....

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Precision Farming Market Size Worth $16.35 Billion By 2028 | CAGR: 13.1%: Grand View Research, Inc.


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SAN FRANCISCO, April 22, 2021 /PRNewswire/ The global precision farming market size is anticipated
to reach USD 16.35 billion by 2028, according to a new report by Grand View Research, Inc. It is projected
to expand at a CAGR of 13.1% from 2021 to 2028. Precision farming, also known as site-specific crop management or satellite farming, is a farm management concept that uses information technology to ensure optimum health and productivity of crops. The precision farming technique largely depends on specialized equipment such as sensing devices, antennas and access points, and automation and control systems. It also involves maintenance services and managed services. Additionally, it incorporates a broad range of technologies such as bio-engineering, robotics and automation, imagery and sensors, and big data. ....

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