Machine vision hardware and software are key to self-driving cars, credit-card security, and the data collection to feed the emerging Internet of Things. The market for facial-recognition technology could grow from $2.2 billion in 2015 to $6.2 billion in 2020, predicts MarketsandMarkets.
The latest machine vision investments are examples of how more companies are teaming up to develop sensor capabilities and apply them to potentially lucrative markets.
Last month, sensor maker Flir Systems Inc. purchased machine vision company Point Grey Research Inc. for $253 million in cash.
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