Machine Vision Lighting Market Presents Strong Revenue Visibility in Near Future Booming at a High CAGR by 2032.
Market Size and Growth Projections
In 2022, the global machine vision lighting market was valued at approximately USD 1.33 billion. This market has shown steady growth, reaching an estimated USD 1.45 billion in 2023. The outlook for the future is highly positive, with projections indicating that the market will expand to USD 3.11 billion by 2032. This growth translates to a robust compound annual growth rate (CAGR) of around 8.87% from 2024 to 2032.
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