Overview and Scope
3D machine vision refers to the use of imaging systems and algorithms to perceive and analyze the three-dimensional structure of objects in a given environment. It enables machines to understand spatial relationships and depth information for applications such as robotic automation, quality control, and augmented reality.
Sizing and Forecast
The 3D machine vision market size has grown rapidly in recent years. It will grow from $1.82 billion in 2023 to $2.00 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to surge in demand for robotics integration, rising need for non-contact measurement solutions, enhanced capabilities for defect detection, growing emphasis on workplace safety, focus on improving production efficiency.
The 3D machine vision market size is expected to see strong growth in the next few years. It will grow to $2.78 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to e-commerce expansion, automation acceleration, growth in the healthcare sector, demand for augmented reality and virtual reality applications, demand for customized manufacturing solutions. Major trends in the forecast period include integration of artificial intelligence (AI) algorithms, expansion of 3d machine vision in medical imaging, advance technology, adoption of 3D vision in quality control, strategic partnership.
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Segmentation & Regional Insights
The 3D machine vision market covered in this report is segmented –
1) By Component: Hardware, Software
2) By Product: Smart Camera-Based Systems, PC-Based Systems
3) By Application: Quality Assurance And Inspection, Positioning And Guidance, Measurement, Identification, Other Applications
4) By End-Use: Automotive, Pharmaceuticals And Chemicals, Electronics And Semiconductor, Pulp And Paper, Printing And Labelling, Food And Beverage, Postal And Logistics, Other End-Uses
Asia-Pacific was the largest region in the 3D machine vision market in 2023. It is expected to be the fastest-growing region in the forecast period. The regions covered in the 3D machine vision market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The surge in demand for robotics integration is expected to propel the growth of the 3D machine vision market going forward. Robotics integration involves incorporating robotic systems seamlessly into existing processes or systems to enhance automation and efficiency. The surge in demand for robotics integration is driven by the need for increased productivity, cost efficiency, and adaptability in industries seeking to leverage advanced automation technologies. Robotics integration enhances 3D machine vision by enabling robots to precisely interpret and respond to visual information, improving accuracy and efficiency in tasks such as object recognition and manipulation. For instance, in September 2023, according to a report by the International Federation of Robotics (IFR), a Germany-based organization that provides global insights and statistics on the robotics industry, there were 0.553 million industrial robot installations in global factories in 2022 compared to 0.526 million units in 2021, reflecting a year-on-year growth rate of 5%. Regionally, Asia accounted for 73% of all newly deployed robots, followed by Europe with 15% and the Americas with 10% in 2022. Therefore, the surge in demand for robotics integration is driving the growth of the 3D machine vision market.
Key Industry Players
Major companies operating in the 3D machine vision market are Omron Corporation, Keyence Corporation, Hexagon AB, Zebra Technologies Corporation, Teledyne Technologies Incorporated, Synopsys Inc., Coherent Inc., Basler AG, Sick AG, National Instruments Corporation, Cognex Corporation, IFM Electronic GmbH, Pepperl+Fuchs Group, Teledyne DALSA Inc., Edmund Optics Inc., Isra Vision AG, Stemmer Imaging, LMI Technologies Inc., Baumer Group, JAI AS, Optotune AG, Zivid AS, MVTec Software GmbH, Nerian Vision Technologies, Photoneo s.r.o., Robotic Vision Technologies Inc., Zivid Labs AS, Roboception GmbH
The 3d machine vision market report table of contents includes:
1. Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
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- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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