3D Machine Vision Market by Technology, Application & Geography – Analysis & Forecast to 2026
Posted: Oct 31, 2018
According to the new market research "3D Machine Vision Market, [By Component (Hardware, Software, Services); By Technology (Smart Camera-Based Systems, PC-Based Systems) By Application (Mapping, Robotic Guidance and Automation, Quality Control & Inspection, Others); By End-User (Automotive, Healthcare, Aerospace and Defense, Food and Beverage, Electronics and Semiconductors, Transportation, Wood and Paper, Others); By Region] Market size & Forecast, 2018 – 2026", The 3D Machine Vision market is expected to reach USD 4 billion by 2026 from USD 1.6 billion in 2017, at a CAGR of 12.3%.
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3D machine vision is the use of technologies for three-dimensional measurement and inspection of 3D objects or surfaces. 3D machine vision uses different methods such as laser profiling, stereo imaging, fringe projection, and time of flight among others. 3D machine vision is used for various applications such as robotic guidance and automation, quality control & inspection, and mapping. This technology is widely used across industries such as manufacturing, food and beverage, automotive, aerospace, and electronics among others.
Top Key Player: -
Cognex Corporation (U.S.)
Keyence Corporation (Japan)
ISRA Vision AG (Germany)
Sick AG (Germany)
Basler AG (Germany)
Stemmer Imaging (Germany)
National Instruments (U.S.)
MVTec Software GmbH(Germany)
Tordivel AS (Norway)
LMI Technologies (Canada).
There has been an increasing demand for 3D machine vision owing to increasing automation of processes in various industries. Organizations are significantly investing in 3D machine vision to improve efficiency, product quality, and reduce human errors, thereby supporting the 3D machine vision market growth. The increasing implementation of 3D machine vision systems in automotive and manufacturing sectors further boosts the market growth. The rising demand from the healthcare sector, growing adoption of plug and play 3D machine vision systems, and technological advancements support the growth of the 3D machine vision market.
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The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global 3D Machine Vision Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
Asia-Pacific generated the highest revenue in 2017 owing to increasing need of automation in diverse industries such as automotive, aerospace, electronics and healthcare in the region. The increasing need to improve product quality and work efficiency, along with technological advancements and have increased the adoption of 3D Machine Vision in the region.
The global 3D machine vision market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
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- Smart Camera-Based Systems
- PC-Based Systems
- Aerospace and Defense
- Food and Beverage
- Electronics and Semiconductors
- Wood and Paper
- Robotic Guidance and Automation
- Quality Control & Inspection
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
Middle East and Africa.
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Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.