3D Machine Vision Market by Component (Hardware, Software), Product, Application, End-User (Industrial (Automotive, Electronics & Semiconductor, Food & Beverage), Commercial (Healthcare, ITS), Government), and Geography – Global Forecast to 2027

  • Report ID:MRSE - 104442
  • Pages: 250
  • Oct 2020
  • Formats*: PDF
  • Category: Semiconductor & Electronics
  • Delivery: 2 to 4 Hours

1.    Introduction
       1.1.    Market Definition
       1.2    Scope of the Study    
       1.3.    Market Ecosystem
       1.4.    Currency and Limitations
                 1.4.1.    Currency
                 1.4.2.    Limitations
       1.5.    Key Stakeholders

2.    Research Methodology
       2.1.    Research Approach
       2.2.    Data Collection & Validation
                 2.2.1.    Secondary Research
                 2.2.2.    Primary Research
       2.3.    Market Assessment
                 2.3.1.    Market Size Estimation
                 2.3.2.    Bottom-Up Approach
                 2.3.3.    Top-Down Approach    
                 2.3.4.    Growth forecast
       2.4.    Assumptions for the Study

3.    Executive Summary
       3.1.    Overview
       3.2.    Market Analysis, by Component
       3.3.    Market Analysis, by Product
       3.4.    Market Analysis, by Application
       3.5.    Market Analysis, by End-User    
       3.6.    Market Analysis, by Geography
       3.7.    Competitive Analysis    

4.    Market Insights
       4.1.    Introduction    
       4.2.    Market Dynamics
                 4.2.1.    Drivers
                             4.2.1.1.    Rising Demand for Automated Quality Inspection Technologies
                             4.2.1.2.    Increasing Demand for Vision Guided Robotic Systems
                             4.2.1.3.    Growth of Industry 4.0
                 4.2.2.    Restraint
                             4.2.2.1.    Depth Errors Caused Due to Shiny Surface
                 4.2.3.    Opportunities
                             4.2.3.1.    Growing Automation in Developing Countries
                             4.2.3.2. Increasing Government Initiatives to Support Industrial Automation
                 4.2.4.    Challenges
                             4.2.4.1.    Complexity in integrating 3D machine vision systems
                 4.2.5.    Trends    
                             4.2.5.1.    Introduction of Liquid Lens for Delivering Better Optics
                             4.2.5.2. Rising Adoption of Embedded Vision
                             4.2.5.3. AI in Machine Vision
       4.3     Covid-19 Impact Assessment

5.    3D Machine Vision Market, by Component    
       5.1.    Introduction
       5.2.    Hardware
                 5.2.1. Camera
                 5.2.2. Frame Grabbers
                 5.2.3. Optics
                 5.2.4. Lighting
                 5.2.5. Others
       5.3.    Software

6.    3D Machine Vision Market, by Product
       6.1.    Introduction    
       6.2.    PC-based
       6.3.    Smart Camera

7.    3D Machine Vision Market, by Application
       7.1.    Introduction    
       7.2.    Quality Assurance & Inspection
       7.3.    Positioning & Guidance
       7.4.    Measurement
       7.5.    Identification
       7.6.    Sorting

8.    3D Machine Vision Market, by End-User
       8.1.    Introduction    
       8.2.    Industrial
                 8.2.1.    Automotive
                 8.2.2.    Pharmaceuticals & Chemicals    
                 8.2.3.    Electronics & Semiconductor
                 8.2.4.    Printing & Labeling
                 8.2.5.    Food & Beverage
                 8.2.6.    Glass & Metal
                 8.2.7.    Others
       8.3.    Commercial
                 8.3.1.    Healthcare
                 8.3.2.    Intelligent Transportation System
                 8.3.5.    Logistics
       8.4.    Government
                 8.4.1.    Security & Surveillance
                 8.4.2.    Military & Defense

9.    Global 3D Machine Vision Market, by Geography
       9.1.    Introduction    
       9.2.    North America
                 9.2.1.    U.S.
                 9.2.2.    Canada
       9.3.    Europe
                 9.3.1.    Germany
                 9.3.2.    U.K.
                 9.3.3.    France    
                 9.3.4.    Italy
                 9.3.5.    Rest of Europe (RoE)
       9.4.    Asia-Pacific
                 9.4.1.    China
                 9.4.2.    Japan
                 9.4.3.    India
                 9.4.4.    South Korea
                 9.4.5.    Rest of Asia-Pacific (RoAPAC)
       9.5.    Latin America    
       9.6.    Middle East and Africa

10.    Competitive Landscape
         10.1.    Competitive Growth Strategies
                    10.1.1.    Partnerships, Agreements, and Collaborations
                    10.1.2.    Acquisitions
                    10.1.3.    New Component Launches
                    10.1.4.    Expansions

11.    Company Profiles (Business Overview, Financial Overview, Product Portfolio, Strategic Developments)
         11.1.    Cognex Corporation
                    11.1.1. Business Overview    
                    11.1.2. Financial Overview    
                    11.1.3. Product Portfolio    
                    11.1.4. Strategic Developments    
         11.2.    Keyence Corporation
                    11.2.1. Business Overview    
                    11.2.2. Financial Overview    
                    11.2.3. Product Portfolio    
                    11.2.4. Strategic Developments    
         11.3.    Omron Corporation
                    11.3.1. Business Overview    
                    11.3.2. Financial Overview    
                    11.3.3. Product Portfolio    
                    11.3.4. Strategic Developments    
         11.4.    LMI Technologies (TKH)
                    11.4.1. Business Overview    
                    11.4.2. Financial Overview    
                    11.4.3. Product Portfolio    
                    11.4.4. Strategic Developments    
         11.5.    Basler AG
                    11.5.1. Business Overview    
                    11.5.2. Financial Overview    
                    11.5.3. Product Portfolio    
                    11.5.4. Strategic Developments    
         11.6.    Isra Vision AG
                    11.6.1. Business Overview    
                    11.6.2. Financial Overview    
                    11.6.3. Product Portfolio    
                    11.6.4. Strategic Developments    
         11.7.    National Instruments Corporation
                    11.7.1. Business Overview    
                    11.7.2. Financial Overview    
                    11.7.3. Product Portfolio    
                    11.7.4. Strategic Developments    
         11.8.    Stemmer Imaging    
                    11.8.1. Business Overview    
                    11.8.2. Financial Overview    
                    11.8.3. Product Portfolio    
                    11.8.4. Strategic Developments    
         11.9.    Sick AG
                    11.9.1. Business Overview    
                    11.9.2. Financial Overview    
                    11.9.3. Product Portfolio    
                    11.9.4. Strategic Developments    
         11.10.    Canon Inc.
                      11.10.1. Business Overview    
                      11.10.2. Financial Overview    
                      11.10.3. Product Portfolio    
                      11.10.4. Strategic Developments    
         11.11.    Sony Corporation
                      11.11.1. Business Overview    
                      11.11.2. Financial Overview    
                      11.11.3. Product Portfolio    
                      11.11.4. Strategic Developments    
         11.12.    Industrial Vision Systems
                      11.12.1. Business Overview    
                      11.12.2. Financial Overview    
                      11.12.3. Product Portfolio    
                      11.12.4. Strategic Developments    
         11.13.    Tordivel AS
                      11.13.1. Business Overview    
                      11.13.2. Financial Overview    
                      11.13.3. Product Portfolio    
                      11.13.4. Strategic Developments    
         11.14.    Balluff GmBH    
                      11.14.1. Business Overview    
                      11.14.2. Financial Overview    
                      11.14.3. Product Portfolio    
                      11.14.4. Strategic Developments    
         11.15.    Teledyne Technologies    
                      11.15.1. Business Overview    
                      11.15.2. Financial Overview    
                      11.15.3. Product Portfolio    
                      11.15.4. Strategic Developments
   
12.    Appendix
         12.1.    Questionnaire
         12.2.    Available Customization

List of Tables

Table 1    Currency Conversion Rate into USD, 2016-2019
Table 2    Global 3D Machine Vision Market Drivers: Impact Analysis (2018-2027)
Table 3    Global 3D Machine Vision Market Restraints: Impact Analysis (2018-2027)
Table 4    3D Machine Vision Market Size, by Component, 2018-2027 ($Million)
Table 5    3D Machine Vision Market Size for Hardware, by Country/Region, 2018-2027 ($Million)
Table 6    3D Machine Vision Market Size for Software, by Country/Region, 2018-2027 ($Million)
Table 7    3D Machine Vision Market Size, by Product, 2018-2027 ($Million)
Table 8    3D Machine Vision Market Size for PC-based, by Country/Region, 2018-2027 ($Million)
Table 9    3D Machine Vision Market Size for Smart Camera, by Country/Region, 2018-2027 ($Million)
Table 10    Global 3D Machine Vision Market Size, by Application, 2018-2027 ($Million)
Table 11    3D Machine Vision Market Size for Quality Assurance & Inspection, by Country/Region, 2018-2027 ($Million)
Table 12    3D Machine Vision Market Size for Positioning & Guidance, by Country/Region, 2018-2027 ($Million)
Table 13    3D Machine Vision Market Size for Measurement, by Country/Region, 2018-2027 ($Million)
Table 14    3D Machine Vision Market Size for Identification, by Country/Region, 2018-2027 ($Million)
Table 15    3D Machine Vision Market Size for Sorting, by Country/Region, 2018-2027 ($Million)
Table 16    Global 3D Machine Vision Market Size, by End-User, 2018-2027 ($Million)
Table 17    3D Machine Vision Market Size for Industrial, by Country/Region, 2018-2027 ($Million)
Table 18    3D Machine Vision Market Size for Automotive, by Country/Region, 2018-2027 ($Million)
Table 19    3D Machine Vision Market Size for Pharmaceuticals & Chemicals, by Country/Region, 2018-2027 ($Million)
Table 20    3D Machine Vision Market Size for Electronics & Semiconductor, by Country/Region, 2018-2027 ($Million)
Table 21    3D Machine Vision Market Size for Printing & Labeling, by Country/Region, 2018-2027 ($Million)
Table 22    3D Machine Vision Market Size for Food & Beverage, by Country/Region, 2018-2027 ($Million)
Table 23    3D Machine Vision Market Size for Glass & Metal, by Country/Region, 2018-2027 ($Million)
Table 24    3D Machine Vision Market Size for Others, by Country/Region, 2018-2027 ($Million)
Table 25    3D Machine Vision Market Size for Commercial, by Country/Region, 2018-2027 ($Million)
Table 26    3D Machine Vision Market Size for Healthcare, by Country/Region, 2018-2027 ($Million)
Table 27    3D Machine Vision Market Size for Intelligent Transportation System, by Country/Region, 2018-2027 ($Million)
Table 28    3D Machine Vision Market Size for Logistics, by Country/Region, 2018-2027 ($Million)
Table 29    3D Machine Vision Market Size for Government, by Country/Region, 2018-2027 ($Million)
Table 30    3D Machine Vision Market Size for Security & Surveillance, by Country/Region, 2018-2027 ($Million)
Table 31    3D Machine Vision Market Size for Military & Defense, by Country/Region, 2018-2027 ($Million)
Table 32    Global 3D Machine Vision Market, by Country/Region, 2018-2027 ($Million)
Table 33    North America: 3D Machine Vision Market, by Country/Region, 2018-2027 ($ Million)
Table 34    North America: 3D Machine Vision Market, by Component, 2018-2027 ($Million)
Table 35    North America: 3D Machine Vision Market, by Product, 2018-2027 ($Million)
Table 36    North America: 3D Machine Vision Market, by Application, 2018-2027 ($Million)
Table 37    North America: 3D Machine Vision Market, by End-User, 2018-2027 ($Million)
Table 38    U.S.: 3D Machine Vision Market, by Component, 2018-2027 ($Million)
Table 39    U.S.: 3D Machine Vision Market, by Product, 2018-2027 ($Million)
Table 40    U.S.: 3D Machine Vision Market, by Application, 2018-2027 ($Million)
Table 41    U.S.: 3D Machine Vision Market, by End-User, 2018-2027 ($Million)
Table 42    Canada: 3D Machine Vision Market, by Component, 2018-2027 ($Million)
Table 43    Canada: 3D Machine Vision Market, by Product, 2018-2027 ($Million)
Table 44    Canada: 3D Machine Vision Market, by Application, 2018-2027 ($Million)
Table 45    Canada: 3D Machine Vision Market, by End-User, 2018-2027 ($Million)
Table 46    Europe: 3D Machine Vision Market, by Country, 2018-2027 ($Million)
Table 47    Europe: 3D Machine Vision Market, by Component, 2018-2027 ($Million)
Table 48    Europe: 3D Machine Vision Market, by Product, 2018-2027 ($Million)
Table 49    Europe: 3D Machine Vision Market, by Application, 2018-2027 ($Million)
Table 50    Europe: 3D Machine Vision Market, by End-User, 2018-2027 ($Million)
Table 51    Germany: 3D Machine Vision Market, by Component, 2018-2027 ($Million)
Table 52    Germany: 3D Machine Vision Market, by Product, 2018-2027 ($Million)
Table 53    Germany: 3D Machine Vision Market, by Application, 2018-2027 ($Million)
Table 54    Germany: 3D Machine Vision Market, by End-User, 2018-2027 ($Million)
Table 55    U.K.: 3D Machine Vision Market, by Component, 2018-2027 ($Million)
Table 56    U.K.: 3D Machine Vision Market, by Product, 2018-2027 ($Million)
Table 57    U.K.: 3D Machine Vision Market, by Application, 2018-2027 ($Million)
Table 58    U.K.: 3D Machine Vision Market, by End-User, 2018-2027 ($Million)
Table 59    France: 3D Machine Vision Market, by Component, 2018-2027 ($Million)
Table 60    France: 3D Machine Vision Market, by Product, 2018-2027 ($Million)
Table 61    France: 3D Machine Vision Market, by Application, 2018-2027 ($Million)
Table 62    France: 3D Machine Vision Market, by End-User, 2018-2027 ($Million)
Table 63    Italy: 3D Machine Vision Market, by Component, 2018-2027 ($Million)
Table 64    Italy: 3D Machine Vision Market, by Product, 2018-2027 ($Million)
Table 65    Italy: 3D Machine Vision Market, by Application, 2018-2027 ($Million)
Table 66    Italy: 3D Machine Vision Market, by End-User, 2018-2027 ($Million)    
Table 67    RoE: 3D Machine Vision Market, by Component, 2018-2027 ($Million)
Table 68    RoE: 3D Machine Vision Market, by Product, 2018-2027 ($Million)
Table 69    RoE: 3D Machine Vision Market, by Application, 2018-2027 ($Million)
Table 70    RoE: 3D Machine Vision Market, by End-User, 2018-2027 ($Million)
Table 71    Asia-Pacific: 3D Machine Vision Market, by Country, 2018-2027 ($Million)
Table 72    Asia-Pacific: 3D Machine Vision Market, by Component, 2018-2027 ($Million)
Table 73    Asia-Pacific: 3D Machine Vision Market, by Product, 2018-2027 ($Million)
Table 74    Asia-Pacific: 3D Machine Vision Market, by Application, 2018-2027 ($Million)
Table 75    Asia-Pacific: 3D Machine Vision Market, by End-User, 2018-2027 ($Million)
Table 76    China: 3D Machine Vision Market, by Component, 2018-2027 ($Million)
Table 77    China: 3D Machine Vision Market, by Product, 2018-2027 ($Million)
Table 78    China: 3D Machine Vision Market, by Application, 2018-2027 ($Million)
Table 79    China: 3D Machine Vision Market, by End-User, 2018-2027 ($Million)
Table 80    Japan: 3D Machine Vision Market, by Component, 2018-2027 ($Million)
Table 81    Japan: 3D Machine Vision Market, by Product, 2018-2027 ($Million)
Table 82    Japan: 3D Machine Vision Market, by Application, 2018-2027 ($Million)
Table 83    Japan: 3D Machine Vision Market, by End-User, 2018-2027 ($Million)
Table 84    India: 3D Machine Vision Market, by Component, 2018-2027 ($Million)
Table 85    India: 3D Machine Vision Market, by Product, 2018-2027 ($Million)
Table 86    India: 3D Machine Vision Market, by Application, 2018-2027 ($Million)
Table 87    India: 3D Machine Vision Market, by End-User, 2018-2027 ($Million)    
Table 88    South Korea: 3D Machine Vision Market, by Component, 2018-2027 ($Million)
Table 89    South Korea: 3D Machine Vision Market, by Product, 2018-2027 ($Million)
Table 90    South Korea: 3D Machine Vision Market, by Application, 2018-2027 ($Million)
Table 91    South Korea: 3D Machine Vision Market, by End-User, 2018-2027 ($Million)    
Table 92    RoAPAC: 3D Machine Vision Market, by Component, 2018-2027 ($Million)
Table 93    RoAPAC: 3D Machine Vision Market, by Product, 2018-2027 ($Million)
Table 94    RoAPAC: 3D Machine Vision Market, by Application, 2018-2027 ($Million)
Table 95    RoAPAC: 3D Machine Vision Market, by End-User, 2018-2027 ($Million)
Table 96    Latin America: 3D Machine Vision Market, by Component, 2018-2027 ($Million)
Table 97    Latin America: 3D Machine Vision Market, by Product, 2018-2027 ($Million)
Table 98    Latin America: 3D Machine Vision Market, by Application, 2018-2027 ($Million)
Table 99    Latin America: 3D Machine Vision Market, by End-User, 2018-2027 ($Million)
Table 100    MEA: 3D Machine Vision Market, by Component, 2018-2027 ($Million)
Table 101    MEA: 3D Machine Vision Market, by Product, 2018-2027 ($Million)
Table 102    MEA: 3D Machine Vision Market, by Application, 2018-2027 ($Million)
Table 103    MEA: 3D Machine Vision Market, by End-User, 2018-2027 ($Million)
Table 104    Recent Developments by the Major Players During 2017-2020
Table 105    Partnerships, Agreements, and Collaborations, 2017-2020
Table 106    Acquisitions, 2017-2020
Table 107    New Product Launches, 2017-2020
Table 108    Expansions, 2017-2020

List of Figures

Figure 1 Research End-User
Figure 2 Key Secondary Sources
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Market Sizing and Growth Forecast Approach
Figure 6 Hardware Dominates the Global 3D Machine Vision Market
Figure 7 PC-based Dominates the Global 3D Machine Vision Market
Figure 8 Quality Assurance & Inspection Dominates the Global 3D Machine Vision Market
Figure 9 Automotive Dominates the Global 3D Machine Vision Market
Figure 10    3D Machine Vision Market Overview: 2018-2027
Figure 11    3D Machine Vision Market Size, by Component, 2018-2027 ($Million)
Figure 12    3D Machine Vision Market Size, by Product, 2018-2027 ($Million)
Figure 13    Global 3D Machine Vision Market Size, by Application, 2018-2027 ($Million)
Figure 14    Global 3D Machine Vision Market Size, by End-User, 2018-2027 ($Million)
Figure 15    Global 3D Machine Vision Market Size, by Region, 2018-2027 ($Million)
Figure 16    Growth Strategies Adopted by Key Players, 2017-2020
Figure 17    Cognex Corporation: Financial Overview (2017-2019)
Figure 18    Keyence Corporation: Financial Overview (2017-2019)
Figure 19    Omron Corporation: Financial Overview (2017-2019)
Figure 20    LMI Technologies (TKH): Financial Overview (2017-2019)
Figure 21    Basler AG: Financial Overview (2017-2019)
Figure 22    Isra Vision AG: Financial Overview (2017-2019)
Figure 23    National Instruments Corporation: Financial Overview (2017-2019)
Figure 24    Stemmer Imaging: Financial Overview (2017-2019)
Figure 25    Sick AG: Financial Overview (2017-2019)
Figure 26    Canon Inc.: Financial Overview (2017-2019)
Figure 27    Sony Corporation: Financial Overview (2017-2019)
Figure 28    Industrial Vision Systems: Financial Overview (2017-2019)
Figure 29    Tordivel AS: Financial Overview (2017-2019)
Figure 30    Balluff GmBH: Financial Overview (2017-2019)
Figure 31    Teledyne Technologies: Financial Overview (2017-2019)

 

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The 3D machine vision market is expected to grow at a CAGR of 10.2% from 2020 to 2027 to reach USD 2.65 billion by 2027, from USD 1.35 billion in 2020. The 3D machine vision market is in its growth phase and is witnessing rapid implementation in manufacturing facilities. Its various applications, such as quality assurance and inspection, robotic guidance, and positioning, have made it an integral part of the robotics industry. 3D machine vision systems are extensively used across multiple industrial, commercial, and government verticals. Some industrial end-users include automotive, electronics & semiconductors, food & beverage, whereas, among commercial end-users, 3D machine vision finds its logistics, intelligent transportation systems, and healthcare applications. 3D machine vision is also used under the government sector for security and surveillance, and military and defense.

3D machine vision is an image processing technology that facilitates automated object scanning. This technology is integrated with robots, enabling the latter to recognize the environment and make decisions based on pattern detection software.

The rising demand for automated quality inspection technologies is propelling the growth of the 3D machine vision market.

One of the most important parts of the manufacturing process is quality control inspection. Manual inspection is prone to errors, constitute significant labor costs, and is time-consuming. Thus, it becomes imperative for manufacturers to invest in superior quality control systems for error reduction and minimizing losses. Therefore, factories across the globe are implementing automation technologies. Automation enables a repetitive set of processes to be performed by machines with minimal human intervention, using a system of instructions or programs. Automation supports mass production, along with providing thorough testing of products. For instance, 3D machine vision makes it easier to ensure products are free of any critical defects, misaligned parts, or missing components. Therefore, the market is expected to experience high growth during the forecast period, particularly due to the rapid adoption of automation globally.

3D Machine Vision Market

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Increasing demand for vision-guided robotic systems is supporting the growth of the 3D machine vision market.

Vision-guided robotic systems are a combination of machine vision with industrial robots. This system is rapidly becoming common due to its high integration and flexibility, and ease of bin-picking capability. Although fixed robotic processes were common, machine vision implemented in industrial robots guides the later to a specific location or part for further operations such as pick, place, or weld. Therefore, this has led to an expansion in applications in depalletizing randomly stacked or mixed packages. The ability of robots to see makes the manufacturing process easier and cost-effective, along with high-quality production. There has been an increasing demand for vision-guided robotic systems for pick and sort applications.

Impact of COVID-19 on the 3D Machine Vision Market

The COVID-19 pandemic shook the manufacturing industry profoundly in 2020. The simultaneous supply and demand shock due to shutdowns led to extremely deep slumps. The effects of this pandemic are expected to create varying levels of crisis among different sub-sectors. Machinery and industrial automation are not expected to be affected equally by the crisis as demand is derived from various sectors.

However, the COVID-19 pandemic is likely to accelerate automation technologies' development and implementation because of greater incentives to substitute capital for labor. Robots and smart technologies have great potential for disease surveillance and contact tracing, diagnosing COVID-19 without contact, and even disinfecting contaminated areas such as hospitals and public spaces. The machine vision vendors and imaging associations expect an optimistic scenario, and fast recovery is expected by 2021. China has also recovered reasonably post restrictions as there had been an increase in demand for vision technology, specifically in consumer electronics for new applications.

Key Findings in the 3D machine vision market Study:

In 2020, the hardware segment to dominate the 3D machine vision market.

Based on component, the 3D machine vision market is segmented into hardware and software. In 2020, the hardware segment is expected to account for the largest share of the 3D machine vision market. The hardware segment consists of cameras, frame grabbers, optics, lighting, and others. The cameras segment is poised under the hardware segment to account for the largest share in 2020, owing to the rising demand for complementary metal-oxide-semiconductor (CMOS) imaging sensors. The software segment is expected to grow at a considerable CAGR during the forecast period.

Quality assurance and inspection to dominate the 3D machine vision market in 2020.

Based on application, the quality assurance and inspection segment is projected to account for the largest share of the market in 2020. The rapid adoption of 3D machine vision for scanning and inspecting the quality of objects in industrial sectors such as automotive, electronics, semiconductor, pharmaceutical is one of the major factors driving the growth of this segment. Problems in image inspection such as color irregularity, distortion level, or inspecting the solder or welding profile are difficult to inspect using 2D machine vision. However, 3D machine vision solves the issue as it can detect height and surface information.

In 2020, the automotive sector to account for the largest share of the market.

Based on end user, the market is segmented into industrial, commercial, and government. The industrial segment is expected to contribute the largest revenue share in 2020. Under the industrial segment, the automotive sector to poised to command the largest share of the 3D machine vision market in 2020. The extensive implementation of 3D machine vision in automotive manufacturing facilities to serve applications such as component checking, error proofing, and assembly verification drives this segment's growth. Furthermore, applications such as robotic guidance and dimensional gauging of components during automotive production is driving the demand for 3D machine vision in this segment.

Asia-Pacific to hold the largest market share throughout the forecast period.

Asia-Pacific is projected to command the largest share of the 3D machine vision market in 2020. The region is the global manufacturing hub that attracts the implementation of 3D machine vision systems. Further, countries such as Japan and China are the world’s largest contributors and adopters of robots and robotic processes, due to which the region is expected to contribute the largest revenue share in 2020. Additionally, the rising number of government initiatives in countries such as India, Singapore, and South Korea for attracting FDI in the manufacturing sector is propelling the region's growth.

PC-based systems to hold the largest share of the 3D machine vision market.

Based on product, the PC-based systems segment is poised to account for the largest share of the market in 2020. The overall growth of this segment is mainly attributed to the widespread usage across various end-user industries.

Key Players

The report includes a competitive landscape based on an extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past three years (2018-2020). The key players operating in the 3D machine vision market are Cognex Corporation (US), Keyence Corporation (Japan), ISRA Vision AG (Germany), Sick AG (Germany), Basler AG (Germany), Omron Corporation (Japan), National Instruments (US), LMI Technologies (Canada), Sony Corporation (Japan), Stemmer Imaging (Germany), Teledyne Technologies (US), Canon Inc. (Japan), Torvidel AS (Norway), Balluff GmBH (Germany), and Industrial Vision System (UK).

Scope of the Report

3D Machine Vision Market By Component

  • Hardware
    • Cameras
    • Frame Grabbers
    • Optics
    • Lighting
    • Others
  • Software

3D Machine Vision Market By Product

  • PC-based
  • Smart Camera

3D Machine Vision Market By Application

  • Quality Assurance & Inspection
  • Positioning & Guidance
  • Measurement
  • Identification
  • Sorting

3D Machine Vision Market By End User

  • Industrial
    • Automotive
    • Pharmaceuticals & Chemicals
    • Electronics & Semiconductor
    • Printing & Labeling
    • Food & Beverage
    • Glass & Metal
    • Others
  • Commercial
    • Healthcare
    • Intelligent Transportation Systems
    • Logistics
  • Government
    • Security & Surveillance
    • Military & Defense

3D Machine Vision Market By Geography

  • North America
    • U.S
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific (APAC)
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • Latin America
  • Middle East and Africa

Key questions answered in the report-

3D machine vision is a technology consisting of hardware, such as multiple cameras and laser displacement sensors and software, together with which it is used for image processing applications. This is further used for imaging-based automatic inspection, positioning, and measurement of products and materials. The technology can be implemented using active and passive techniques such as flight, laser triangulation, and stereo vision.
The 3D machine vision market is projected to reach USD 2.65 billion by 2027, at a CAGR of 10.19% during the forecast period.
Based on end user, the automotive segment is expected to command the largest share of the 3D machine vision market in 2020.
Asia-Pacific is currently dominating the 3D machine vision market in terms of revenue, and the region is also expected to grow at a considerable growth rate over the coming years providing opportunities for market players.
The rising demand for automated quality inspection technologies, increasing demand for vision-guided robotic systems, and the advent of Industry 4.0 are the major factors driving the growth of the 3D machine vision market.
Depth errors caused due to shiny surface and complexity in integrating 3D machine vision systems are major factors restricting this market's growth.
Growing automation in developing countries and increasing government initiatives to support industrial automation provides immense growth opportunities for the market.
The key players operating in the 3D machine vision market Cognex Corporation (US), Keyence Corporation (Japan), ISRA Vision AG (Germany), Sick AG (Germany), Basler AG (Germany), Omron Corporation (Japan), National Instruments (US), LMI Technologies (Canada), Sony Corporation (Japan), Stemmer Imaging (Germany), Teledyne Technologies (US), Canon Inc. (Japan), Torvidel AS (Norway), Balluff GmBH (Germany), and Industrial Vision System (UK).
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