Europe Deep Learning in Machine Vision Market was valued at USD 10.34 million in 2017 and growing at a lucrative rate of CAGR in the assessment period.
The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
There is an increase in demand for deep learning software in various manufacturing industries as the need for quality check and automation has increased.
Moreover, growth in adoption of cloud-based applications for storage of the data is helping in the growth of the market.
On the other hand lack of technical expertise and absence of standard protocol for the manufacturing and development of software and varying demand of end user has hindered the growth of the market.
The Europe deep learning in machine vision market is segmented on the basis of application into image classification, optical character recognition, bar code detection and anomaly detection.
In 2018, image classification is expected to dominate the deep learning in machine vision market with 60.3% market share growing at the highest CAGR in the forecast period 2018 to 2025.
The Europe deep learning in machine vision market is segmented on the basis of end-user into broad-based automotive, electronics, food & beverage, healthcare, aerospace & defence and others.
In 2018, automotive is expected to dominate the deep learning in machine vision market with highest market share and is growing at a healthy CAGR in the forecast period 2018 to 2025.
Europe Deep Learning in Machine Vision Market, – Industry Trends and Forecast to 2025
By Application (Image Classification, Optical Character Recognition, Bar Code Detection, Anomaly Detection),
By End-User (Automotive, Electronics, Food & Beverage, Healthcare, Aerospace & Defense, Others),
By Geography (Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe)
Some of the major factors driving the market for global deep learning in machine vision market are increasing need for quality inspection and automation, growth in adoption of cloud-based applications and growing demand for vision-guided robotic systems.
Cognex Corporation is going to dominate the Europe deep learning in machine vision market followed by MVTEC Software GMBH, Qualitas Technologies, SUALAB and Cyth Systems
The Image Classification segment is dominating the Europe deep learning in machine vision market.
Automotive Market segment is expected to reach USD 104.59 million by 2025 in the forecast period 2018 to 2025.
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