HOME › Press Releases › 3D Machine Vision Market worth 2.13 Billion USD by 2022
3D Machine Vision Market worth 2.13 Billion USD by 2022
According to the new research report "3D Machine Vision Market by Offering (Hardware, and Software), Product (PC Based, and Smart Camera Based), Application, Vertical (Industrial and Non - Industrial), and Geography - Global Forecast to 2022", the 3D machine vision market is expected to be valued at USD 2.13 Billion by 2022, growing at a CAGR of 11.07% between 2017 and 2022. The growth of this market is mainly driven by factors such as increasing demand for 3D object analyses in manufacturing applications and rising demand for non–industrial 3D machine vision systems.
Browse 72 market data tables and 80 figures spread through 169 pages and in-depth TOC on "3D Machine Vision Market - Global Forecast to 2022"
Early buyers will receive 10% customization on reports.
Cameras to lead the 3D machine vision market for the hardware segment between 2017 and 2022
Cameras are expected to hold the largest size of the 3D machine vision market for hardware by 2022, and the market for cameras is likely to grow at a high rate during the forecast period. Cameras in machine vision systems play an important role in capturing 3D images. The high demand for high-quality images, image processing, and compactness would lead cameras to hold the largest size of the 3D machine vision market during the forecast period.
Market for positioning and guidance applications to grow at a significant rate between 2017 and 2022
The market for positioning and guidance applications is expected to grow at a significant rate between 2017 and 2022, owing to the increasing use of robotics in the automotive, pharmacy, food and beverages, and other sectors.
APAC held the largest market share in 2016, and the market in this region to grow at a high rate during the forecast period
APAC held the largest share of the 3D machine vision market in 2016, and the market in this region is expected to grow at a high rate between 2017 and 2022. The increasing adoption of automation across all industries, especially in consumer electronics and automotive, is the major reason for the growth of the 3D machine vision market in APAC. Also, the presence of major manufacturing hubs such as China, Japan, India, and South Korea is contributing to the growth of the 3D machine vision market in this region. In addition, the Japan Industrial Imaging Associations’ (JIIA) efforts in developing and promoting 3D imaging technologies in APAC are further boosting the growth of the 3D machine vision market in the region.
The key players operating in the 3D machine vision market include 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), and LMI Technologies (Canada).
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India