Global 3D Machine Vision Market Research 2024, Forecast To 2033
17 Apr, 2024
The 3D machine vision market has experienced rapid expansion in recent years. Beginning at $1.82 billion in 2023, it grew to $2.00 billion in 2024, reflecting a notable CAGR of 10.0%. This growth in the historic period can be attributed to various factors such as a surge in demand for robotics integration, a rising need for non-contact measurement solutions, enhanced capabilities for defect detection, and a growing emphasis on workplace safety, along with a focus on improving production efficiency. Looking forward, the market is anticipated to witness strong growth, reaching $2.78 billion in 2028 with a CAGR of 8.6%. This growth is expected to be fueled by factors including e-commerce expansion, acceleration in automation, growth in the healthcare sector, demand for augmented reality and virtual reality applications, and the need for customized manufacturing solutions. Moreover, major trends in the forecast period encompass the integration of artificial intelligence (AI) algorithms, expansion of 3D machine vision in medical imaging, technological advancements, adoption of 3D vision in quality control, and strategic partnerships.
Global 3D Machine Vision Market Key Driver
The forward momentum of the 3D machine vision market is poised to be bolstered by the burgeoning demand for robotics integration. This surge in demand revolves around seamlessly integrating robotic systems into existing processes to amplify automation and efficiency. Industries seek robotics integration to boost productivity, cost-effectiveness, and adaptability through advanced automation technologies. The marriage of robotics integration and 3D machine vision enhances the latter by empowering robots to interpret and respond to visual data with precision, thereby enhancing accuracy and efficiency, particularly in tasks such as object recognition and manipulation. Notably, in September 2023, global factory installations of industrial robots witnessed a year-on-year growth rate of 5%, with Asia accounting for 73% of newly deployed robots. This surge underscores the pivotal role of robotics integration in propelling the 3D machine vision market, which registered a market size of $A billion in 2023 and is poised to reach $B billion by 2028.
Get A Free Sample Of The Global 3D Machine Vision Market ReportGlobal 3D Machine Vision Market Segments
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
By Geography:The regions covered in the 3D machine vision market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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.
Major 3D Machine Vision Market Industry Players
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
Get The Full Global 3D Machine Vision Market Report3D Machine Vision Market Overview
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.
3D Machine Vision Global Market Report 2023 provides data on the global 3d machine vision market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The 3d machine vision market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.