3D Machine Vision Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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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Scope Of 3D Machine Vision Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
3D Machine Vision Market Overview
Market Drivers –
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.
Market Trends –
Major companies operating in the 3D machine vision market are focusing on product innovations, such as advanced sensing scanners, to address evolving demands for enhanced precision and efficiency in dimensional imaging and analysis. It employs technologies such as laser scanning, structured light scanning, stereo vision, photogrammetry, computed tomography, ultrasound, and time-of-flight cameras to capture three-dimensional data. For instance, in June 2023, Photoneo s.r.o., a Slovakia-based provider of robotic vision and intelligence, launched the Alpha 3D Scanner, a plug-and-play device tailored for straightforward machine vision tasks in sectors such as logistics. Featuring structured light 3D sensing technology, it boasts a resolution of 1440 x 1080, an optimal scanning distance of up to 2331 mm, a maximum scanning distance of 3780 mm, and a sweet spot scanning area of 1091 x 761 mm, with a rapid scanning time starting at 450 ms. Operating at 24V power with PoE capability, it is equipped with a 1 Gbit Ethernet connection. Compact at 416 x 68 x 86 mm and 950 g, it maintains an operational temperature range of 0–40 °C and holds an IP65 rating.
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
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Regional Insights –
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.
Key Companies –
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
Table of Contents
1. Executive Summary
2. 3D Machine Vision Market Report Structure
3. 3D Machine Vision Market Trends And Strategies
4. 3D Machine Vision Market – Macro Economic Scenario
5. 3D Machine Vision Market Size And Growth
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27. 3D Machine Vision Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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