3D Machine Vision Market to Capture a CAGR of 9.12% Between 2022 and 2030 While Touching Approximately USD 3.59 billionby 2030-End – Report by Market Research Future (MRFR)

Market Overview

According to a Comprehensive Research Report by Market Research Future (MRFR), 3D Machine Vision Market Information by component, By Product , By type, By Application and Region – Forecast till 2030”, 3D Machine Vision Market could thrive at a rate of 9.12%between 2022 and 2030. The market size will be reaching around USD 3.59 billionby the end of the year 2030

Market Synopsis

3D Machine Vision Market refers to the use of three-dimensional vision systems in industrial applications for the inspection, measurement, and control of processes. It involves capturing and analyzing data from the surrounding environment to enable automation and enhance productivity. 3D machine vision technology utilizes various techniques such as laser triangulation, stereo vision, and structured light to create a detailed three-dimensional representation of objects or scenes.

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The uses and applications of 3D machine vision are diverse and widespread across industries. It finds utility in quality control, robotics, assembly line automation, object recognition, measurement and inspection, defect detection, and virtual reality. In manufacturing, 3D machine vision systems ensure accurate and efficient production processes by detecting defects, verifying dimensions, and guiding robots. In logistics and warehousing, it aids in inventory management, item sorting, and packaging optimization. Furthermore, in healthcare, 3D machine vision is utilized for medical imaging, surgical guidance, and patient monitoring

Market Competitive Landscape:

The affluent companies in the 3D Machine Vision industry include

• OMRON Corporation
• Canon Inc.
• Cognex Corporation
• National Instruments
• Keyence Corporation
• Robotic Vision Technologies Inc.
• Sony Corporation
• Coherent Inc.
• Hermary Opto Electronics Inc.
• Basler AG

May 2023

Canon introduced a new line of 3D machine vision systems with enhanced precision and speed capabilities. This development aims to cater to the growing demand for high-performance machine vision solutions, particularly in the manufacturing sector.

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Market USP Covered:

Market Drivers:

Three market driving factors propel the growth of the 3D machine vision market. Firstly, the increasing need for automation and quality control in manufacturing processes drives the adoption of 3D machine vision systems. Industries strive for higher productivity, reduced errors, and improved efficiency, which can be achieved through the integration of advanced machine vision technology. Secondly, the rising demand for robotics and the deployment of robots in various industries fuel the demand for 3D machine vision systems. These systems enable robots to perceive their surroundings accurately, enhancing their capabilities for tasks such as pick-and-place, assembly, and navigation. Thirdly, the continuous advancements in sensor technologies, such as high-resolution cameras and advanced image processing algorithms, contribute to the growth of the 3D machine vision market. These technological advancements enable improved accuracy, faster processing speeds, and enhanced performance of machine vision systems.

Market Restraints:

the 3D machine vision market also faces certain restraints. One of the significant challenges is the high cost associated with implementing and maintaining 3D machine vision systems. The sophisticated hardware and software components, along with the need for skilled personnel, contribute to the overall expenses. Additionally, the complexity of integrating 3D machine vision systems into existing manufacturing processes and the need for proper calibration and training pose additional challenges.

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COVID 19 Analysis

The COVID-19 pandemic has had both immediate and long-term impacts on the 3D machine vision market. In the short term, the pandemic disrupted global supply chains, leading to a slowdown in manufacturing activities and project delays. However, the crisis also highlighted the importance of automation and contactless operations, creating new opportunities for the adoption of 3D machine vision systems. Post-COVID, the market is expected to recover steadily as industries increasingly focus on resilient and efficient manufacturing processes. The need for social distancing and safety measures further emphasizes the significance of automation and robotics, driving the demand for 3D machine vision systems.

Market Segmentation

By Component – The Component in the market include Hardware and Software

By Product – The Product  in the market includes Smart Camera-Based and PC Based

By type – By Type segment includes Automotive, Semiconductor, Consumer Electronics, Healthcare, and Food & Packaging & Others

By Application – By Application segment includes Measurement and Quality Assurance & Inspection

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Regional Insights

North America leads the market due to the presence of major players, advanced manufacturing sectors, and the rapid adoption of automation technologies. The region’s focus on achieving high precision and quality standards in manufacturing processes drives the demand for 3D machine vision systems. Europe closely follows, driven by its strong manufacturing base, technological advancements, and the emphasis on quality control and efficiency. The automotive, aerospace, and electronics industries in Europe extensively utilize 3D machine vision technology. The region’s well-established automotive, aerospace, and electronics industries extensively rely on 3D machine vision for quality control, inspection, and production optimization. Additionally, the region’s stringent regulations and standards regarding product quality and safety further contribute to the adoption of 3D machine vision systems.

Asia Pacific is a rapidly growing market for 3D machine vision. The region’s thriving manufacturing sector, particularly in countries like China, Japan, and South Korea, drives the demand for automation and advanced inspection technologies. The automotive, electronics, and semiconductor industries in Asia Pacific heavily utilize 3D machine vision for quality assurance and process optimization. Moreover, the increasing adoption of robotics and industrial automation in the region further boosts the demand for 3D machine vision systems.

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