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

[169 Pages Report] The global 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 years considered for the study are as follows:

• Base Year: 2016
• Estimated Year: 2017
• Projected Year: 2022
• Forecast Period: 2017 to 2022

The following are the major objectives of the study.

• To define, describe, and forecast the 3D machine vision market on the basis of offering, product, application, vertical, and geography
• To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry specific challenges)
• To analyze the opportunities in the market for stakeholders, by identifying the high growth segments of the 3D machine vision market
• To strategically analyze the micro-markets1 with respect to individual growth trends, future prospects, and contribution to the total market
• To forecast the market size, in terms of value, for various segments, with regard to four main regions: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW)
• To strategically profile the key players and comprehensively analyze their market share and core competencies2, along with detailing the competitive landscape for market leaders
• To track and analyze the competitive developments such as joint ventures, mergers and acquisitions, new product developments, and research and development (R&D) carried out in the 3D machine vision market

During this research study, major players operating in the 3D machine vision market in various regions have been identified and their offerings, regional presence, and distribution channels have been analyzed through in-depth discussions. To find the overall market size, top-down and bottom-up approaches have been used to estimate the sizes of other individual markets by using percentage splits from secondary sources such as Hoovers, Bloomberg BusinessWeek, Factiva, and OneSource as well as with the help of primary research. The entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews of industry leaders such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) pertaining to the market. The figure below shows the breakdown of the primaries on the basis of the company type, designation, and region conducted during the research study.

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of the 3D machine vision market comprises a network of component manufacturers, original equipment manufacturers, system integrators, resellers and distributers, and end users, among others. The key players operating in the 3D machine vision market include Keyence Corporation (Japan), Cognex Corporation (U.S.), ISRA Vision AG (Germany), Sick AG (Germany), and Basler AG (Germany). The prominent companies in the market are the well-established, financially stable, and technically expert players that have been operating in the industry for several years and have diversified product portfolios, proprietary technologies, and strong distribution networks.

Target Audience:

• Semiconductor product designers and fabricators
• Application providers
• Business providers
• Professional services/solutions providers
• Research organizations
• Technology standard organizations, forums, alliances, and associations
• Technology investors
• Component providers
• IC manufacturers
• System integrators
• Distributors and resellers
• Government and standardization bodies
• Healthcare organizations
• Raw material and manufacturing equipment suppliers
• Original equipment manufacturers (OEMs)
• Original design manufacturers (ODM) and OEM technology solution providers
• Research organizations
• Technology standard organizations, forums, alliances, and associations

Report Scope:

By Offering

• Hardware
• Software

By Vertical:

• Industrial
• Non–industrial

By Product:

• PC based
• Smart camera based

By Application:

• Quality assurance and inspection
• Positioning and guidance
• Measurement
• Identification

Geography:

• North America
• Europe
• APAC
• RoW

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the client’s specific needs. The following customization options are available for the report:

Geographic Analysis

• Further analysis of the 3D machine vision market for additional countries

Company Information

• Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitation
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Introduction
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Factor Analysis
           2.2.1 Demand-Side Analysis
                    2.2.1.1 Regulatory Mandates for the Food, Pharmaceutical, and Automotive Sectors
                    2.2.1.2 Increasing Demand for Industrial Control and Factory Automation
           2.2.2 Supply-Side Analysis
                    2.2.2.1 Growing Adoption of Artificial Intelligence
                    2.2.2.2 Shift From Ccd-Based Sensors Toward Cmos-Based Image Sensors
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Market Breakdown and Data Triangulation
    2.5 Research Assumptions

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 37)
    4.1 Attractive Opportunities for the 3D Machine Vision Market
    4.2 3D Machine Vision Market, By Application (2017 vs 2022)
    4.3 3D Machine Vision Market, By Geography (2017–2022)
    4.4 3D Machine Vision Market, By Industrial Vertical and Geography (2016)
    4.5 3D Machine Vision Market, By Offering, (2017 vs 2022)
    4.6 3D Machine Vision Market, By Product (2017 vs 2022)
    4.7 3D Machine Vision Market, By Vertical (2017 vs 2022)

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Offering
           5.2.2 By Product
           5.2.3 By Application
           5.2.4 By Vertical
           5.2.5 By Geography
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Integration of 3D Vision Systems With Robot Controllers
                    5.3.1.2 Increasing Demand for 3D Object Analyses in Manufacturing Applications
                    5.3.1.3 Increasing Demand for Non-Industrial 3D Machine Vision Systems
           5.3.2 Restraints
                    5.3.2.1 Changing Requirements of Customers
                    5.3.2.2 Lack of Awareness and Technical Knowledge
           5.3.3 Opportunities
                    5.3.3.1 Increasing Demand for Application-Specific Machine Vision (ASMV) Systems
                    5.3.3.2 Growing Demand for Plug and Play 3D Machine Vision Systems
           5.3.4 Challenge
                    5.3.4.1 Implementation of 3D Depth Sensing Technology

6 Industry Trends (Page No. - 50)
    6.1 Introduction
    6.2 Value Chain Analysis
           6.2.1 R&D
           6.2.2 Component Manufacturers
           6.2.3 Original Equipment Manufacturers (OEMS)
           6.2.4 System Integrators
           6.2.5 Resellers and Distributors
           6.2.6 End Users
    6.3 Porter’s Five Forces Model
           6.3.1 Intensity of Competitive Rivalry
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Buyers
           6.3.4 Bargaining Power of Suppliers
           6.3.5 Threat of New Entrants

7 3D Machine Vision Market, By Offering (Page No. - 59)
    7.1 Introduction
    7.2 Hardware
           7.2.1 Cameras
                    7.2.1.1 Camera Type
                               7.2.1.1.1 Line Scan Cameras
                               7.2.1.1.2 Area Scan Cameras
                    7.2.1.2 Image Detection Technique
                               7.2.1.2.1 Stereoscopic Vision Systems
                               7.2.1.2.2 Structured Light Systems
                               7.2.1.2.3 Time-Of-Flight (TOF) Technique
                               7.2.1.2.4 Comparison Between 3D Machine Vision Technologies
           7.2.2 Frame GrABBers
           7.2.3 Optics
           7.2.4 Lighting
           7.2.5 Others
    7.3 Software
           7.3.1 Traditional
           7.3.2 Deep Learning

8 3D Machine Vision Market, By Product (Page No. - 70)
    8.1 Introduction
    8.2 Smart Camera-Based Systems
    8.3 PC-Based Systems

9 3D Machine Vision Market, By Application (Page No. - 74)
    9.1 Introduction
    9.2 Quality Assurance & Inspection
    9.3 Positioning & Guidance
    9.4 Measurement
    9.5 Identification

10 3D Machine Vision Market, By Vertical (Page No. - 80)
     10.1 Introduction
     10.2 Industrial
             10.2.1 Automotive
             10.2.2 Semiconductor, IC, and PCB
             10.2.3 Consumer Electronics
             10.2.4 Glass
             10.2.5 Metals
             10.2.6 Wood & Paper
             10.2.7 Pharmaceutical & Medical Devices
             10.2.8 Rubber & Plastics
             10.2.9 Food & Beverages
             10.2.10 Printing & Publishing
             10.2.11 Solar Panel Manufacturing
             10.2.12 Machinery Tools
     10.3 Non-Industrial
             10.3.1 Healthcare
             10.3.2 Security & Surveillance
             10.3.3 Postal & Logistics
             10.3.4 Intelligent Transportation Systems
             10.3.5 Military & Defense

11 3D Machine Vision Market, By Geography (Page No. - 101)
     11.1 Introduction
     11.2 North America
             11.2.1 U.S.
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Europe
             11.3.1 U.K.
             11.3.2 Germany
             11.3.3 France
             11.3.4 Rest of Europe
     11.4 APAC
             11.4.1 Japan
             11.4.2 China
             11.4.3 South Korea
             11.4.4 Rest of APAC
     11.5 RoW
             11.5.1 Middle East
             11.5.2 Africa
             11.5.3 South America

12 Competitive Landscape (Page No. - 127)
     12.1 Overview
     12.2 Market Ranking Analysis
     12.3 Competitive Situation and Trends
             12.3.1 New Product Launches and Developments
             12.3.2 Agreements, Partnerships, & Collaborations
             12.3.3 Acquisitions

13 Company Profiles (Page No. - 132)
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
     13.1 Introduction
     13.2 Cognex Corporation
     13.3 Keyence Corporation
     13.4 National Instruments Corporation
     13.5 Isra Vision AG
     13.6 Basler AG
     13.7 Sick AG
     13.8 Mvtec Software GmbH
     13.9 Tordivel As
     13.10 Stemmer Imaging
     13.11 LMI Technologies
     13.12 Key Innovators
             13.12.1 Hermary Opto Electronics Inc.
             13.12.2 Ricoh Co., Ltd.

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 160)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports
     14.7 Author Details

List of Tables (72 Tables)

Table 1 Porter’s Five Forces Analysis: Threat of New Entrants has the Lowest Impact on the Overall Market
Table 2 3D Machine Vision Market, By Offering, 2014–2022 (USD Million)
Table 3 3D Machine Vision Market for Hardware, By Offering, 2014–2022 (USD Million)
Table 4 3D Machine Vision Market for Hardware, By Geography, 2014–2022 (USD Million)
Table 5 3D Machine Vision Market for Cameras, By Camera Type, 2014–2022 (USD Million)
Table 6 3D Machine Vision Market for Cameras, By Image Detection Technique, 2014–2022 (USD Million)
Table 7 Comparative Study of 3D Machine Vision Technologies
Table 8 3D Machine Vision Market for Software, By Offering, 2014–2022 (USD Million)
Table 9 3D Machine Vision Market for Software, By Geography, 2014–2022 (USD Million)
Table 10 3D Machine Vision Market, By Product, 2014–2022 (USD Million)
Table 11 3D Machine Vision Market for Smart Camera-Based Systems, By Application, 2014–2022 (USD Million)
Table 12 3D Machine Vision Market for PC-Based Systems, By Application, 2014–2022 (USD Million)
Table 13 3D Machine Vision Market, By Application, 2014–2022 (USD Million)
Table 14 3D Machine Vision Market for Quality Assurance & Inspection Applications, By Product, 2014–2022 (USD Million)
Table 15 3D Machine Vision Market for Positioning & Guidance Applications, By Product, 2014–2022 (USD Million)
Table 16 3D Machine Vision Market for Measurement Applications, By Product, 2014–2022 (USD Million)
Table 17 3D Machine Vision Market for Identification Applications, By Product, 2014–2022 (USD Million)
Table 18 3D Machine Vision Market, By Vertical, 2014–2022 (USD Million)
Table 19 3D Machine Vision Market, By Industrial Vertical, 2014–2022 (USD Million)
Table 20 3D Machine Vision Market for Industrial Vertical, By Geography, 2014–2022 (USD Million)
Table 21 3D Machine Vision Market for Automotive, By Geography, 2014–2022 (USD Million)
Table 22 3D Machine Vision Market for Semiconductor, IC, and PCB, By Geography, 2014–2022 (USD Million)
Table 23 3D Machine Vision Market for Consumer Electronics, By Geography, 2014–2022 (USD Million)
Table 24 3D Machine Vision Market for Glass, By Geography, 2014–2022 (USD Million)
Table 25 3D Machine Vision Market for Metal, By Geography, 2014–2022 (USD Million)
Table 26 3D Machine Vision Market for Wood & Paper, By Geography, 2014–2022 (USD Million)
Table 27 3D Machine Vision Market for Pharmaceutical & Medical Devices, By Geography, 2014–2022 (USD Million)
Table 28 3D Machine Vision Market for Rubber & Plastics, By Geography, 2014–2022 (USD Million)
Table 29 3D Machine Vision Market for Food & Beverages, By Geography, 2014–2022 (USD Million)
Table 30 3D Machine Vision Market for Printing & Publishing, By Geography, 2014–2022 (USD Million)
Table 31 3D Machine Vision Market for Solar Panel Manufacturing, By Geography, 2014–2022 (USD Million)
Table 32 3D Machine Vision Market for Machinery Tools, By Geography, 2014–2022 (USD Million)
Table 33 3D Machine Vision Market, By Non-Industrial Vertical, 2014–2022 (USD Million)
Table 34 3D Machine Vision Market for Non-Industrial Vertical, By Geography, 2014–2022 (USD Million)
Table 35 3D Machine Vision Market for Healthcare, By Geography, 2014–2022 (USD Million)
Table 36 3D Machine Vision Market for Security & Surveillance, By Geography, 2014–2022 (USD Million)
Table 37 3D Machine Vision Market for Postal & Logistics, By Geography, 2014–2022 (USD Million)
Table 38 3D Machine Vision Market for Intelligent Transportation Systems, By Geography, 2014–2022 (USD Million)
Table 39 3D Machine Vision Market for Military & Defense, By Geography, 2014–2022 (USD Million)
Table 40 3D Machine Vision Market, By Geography, 2014–2022 (USD Million)
Table 41 3D Machine Vision Market in North America, By Vertical, 2014–2022 (USD Million)
Table 42 3D Machine Vision Market in North America, By Industrial Vertical, 2014–2022 (USD Million)
Table 43 3D Machine Vision Market in North America, By Non-Industrial Vertical, 2014–2022 (USD Million)
Table 44 3D Machine Vision Market in North America, By Offering, 2014–2022 (USD Million)
Table 45 3D Machine Vision Market for Hardware in North America, By Offering, 2014–2022 (USD Million)
Table 46 3D Machine Vision Market for Software in North America, By Offering, 2014–2022 (USD Million
Table 47 3D Machine Vision Market in North America, By Country, 2014–2022 (USD Million)
Table 48 3D Machine Vision Market in Europe, By Vertical, 2014–2022 (USD Million)
Table 49 3D Machine Vision Market in Europe, By Industrial Vertical, 2014–2022 (USD Million)
Table 50 3D Machine Vision Market in Europe, By Non-Industrial Vertical, 2014–2022 (USD Million)
Table 51 3D Machine Vision Market in Europe, By Offering, 2014–2022 (USD Million)
Table 52 3D Machine Vision Market for Hardware in Europe, By Offering, 2014–2022 (USD Million)
Table 53 3D Machine Vision Market for Software in Europe, By Offering, 2014–2022 (USD Million)
Table 54 3D Machine Vision Market in Europe, By Country/Region, 2014–2022 (USD Million)
Table 55 3D Machine Vision Market in APAC, By Vertical, 2014–2022 (USD Million)
Table 56 3D Machine Vision Market in APAC, By Industrial Vertical, 2014–2022 (USD Million)
Table 57 3D Machine Vision Market in APAC, By Non-Industrial Vertical, 2014–2022 (USD Million)
Table 58 3D Machine Vision Market in APAC, By Offering, 2014–2022 (USD Million)
Table 59 3D Machine Vision Market for Hardware in APAC, By Offering, 2014–2022 (USD Million)
Table 60 3D Machine Vision Market for Software in APAC, By Offering, 2014–2022 (USD Million
Table 61 3D Machine Vision Market in APAC, By Country/Region, 2014–2022 (USD Million)
Table 62 3D Machine Vision Market in RoW, By Vertical, 2014–2022 (USD Million)
Table 63 3D Machine Vision Market in RoW, By Industrial Vertical, 2014–2022 (USD Million)
Table 64 3D Machine Vision Market in RoW, By Non-Industrial Vertical, 2014–2022 (USD Million)
Table 65 3D Machine Vision Market in RoW, By Offering, 2014–2022 (USD Million)
Table 66 3D Machine Vision Market for Hardware in RoW, By Offering, 2014–2022 (USD Million)
Table 67 3D Machine Vision Market for Software in RoW, By Offering, 2014–2022 (USD Million)
Table 68 3D Machine Vision Market in RoW, By Region, 2014–2022 (USD Million)
Table 69 Market Ranking of the Top 5 Players in the 3D Machine Vision Market (2015)
Table 70 New Product Launches and Developments
Table 71 Agreements, Partnerships, & Collaborations
Table 72 Acquisitions

List of Figures (80 Figures)

Figure 1 3D Machine Vision Market Covered
Figure 2 3D Machine Vision Market: Research Design
Figure 3 Research Process Flow
Figure 4 Global Industrial Control and Factory Automation Market (2013–2022)
Figure 5 Global Artificial Intelligence Market (2013–2022)
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Data Triangulation
Figure 9 Quality Assurance & Inspection Applications to Hold the Largest Size of the 3D Machine Vision Market By 2022
Figure 10 Hardware to Hold the Largest Size of the 3D Machine Vision Market in 2017
Figure 11 Market for Smart Camera-Based Systems to Grow at A Higher Rate Between 2017 and 2022
Figure 12 Industrial Vertical to Hold the Largest Size of the 3D Machine Vision Market By 2022
Figure 13 3D Machine Vision Market, By Region (2016)
Figure 14 APAC Expected to Dominate the 3D Machine Vision Market During the Forecast Period
Figure 15 Industrial Vertical Held the Major Share of the 3D Machine Vision Market in 2016
Figure 16 Quality Assurance & Inspection Applications to Hold the Largest Size of the 3D Machine Vision Market By 2022
Figure 17 3D Machine Vision Market in APAC to Grow at the Highest Rate Between 2017 and 2022
Figure 18 APAC Hold the Largest Market for 3D Machine Vision in 2016
Figure 19 Hardware to Hold the Largest Size of the 3D Machine Vision Market By 2022
Figure 20 PC-Based Systems to Hold the Largest Size of the 3D Machine Vision Market By 2022
Figure 21 Industrial Vertical to Hold the Largest Size of the 3D Machine Vision Market in 2017
Figure 22 3D Machine Vision Market, By Offering
Figure 23 3D Machine Vision Market, By Product
Figure 24 3D Machine Vision Market, By Application
Figure 25 3D Machine Vision Market, By Vertical
Figure 26 3D Machine Vision Market, By Geography
Figure 27 Increasing Demand for 3D Object Analyses in Manufacturing Applications Driving the Growth of the 3D Machine Vision Market
Figure 28 Global Shipment of Traditional Industrial Robots
Figure 29 Value Chain Analysis (2016): Major Value is Added During the Manufacturing Phase
Figure 30 Porter’s Five Forces Analysis (2016)
Figure 31 High Impact of the Intensity of Competitive Rivalry on the 3D Machine Vision Market (2016)
Figure 32 High Impact of High Competition Through Innovations on Intensity of Competitive Rivalry
Figure 33 High Impact of Technology Differentiation on the Threat of Substitutes
Figure 34 High Impact of Customized and Application-Specific Solutions on the Bargaining Power of Buyers
Figure 35 High Impact of Quality and Reliability on the Bargaining Power of Suppliers
Figure 36 High Impact of Capital Needed and Product Differentiation on the Threat of New Entrants
Figure 37 Hardware to Hold the Largest Size of the 3D Machine Vision Market By 2022
Figure 38 Area Scan Cameras to Lead the 3D Machine Vision Market During the Forecast Period
Figure 39 Working of Stereoscopic Vision Cameras
Figure 40 Working of Time-Of-Flight Sensors
Figure 41 Time-Of-Flight to Lead the 3D Machine Vision Market By 2022
Figure 42 PC-Based Systems to Hold the Largest Size of the 3dmachine Vision Market By 2022
Figure 43 Quality Assurance & Inspection Applications to Hold the Largest Size of the 3D Machine Vision Market By 2022
Figure 44 Quality Assurance & Inspection Applications to Hold the Largest Size of the 3D Machine Vision Market By 2022
Figure 45 PC-Based Systems to Hold the Largest Size of the 3D Machine Vision Market for Measurement Applications By 2022
Figure 46 3D Machine Vision Market, By Vertical
Figure 47 Industrial to Hold the Largest Size of the 3D Machine Vision Market By 2022
Figure 48 APAC to Lead the 3D Machine Vision Market for Semiconductor, IC, & PCB During the Forecast Period
Figure 49 APAC to Hold the Largest Size of the 3D Machine Vision Market for Wood & Paper During the Forecast Period
Figure 50 APAC to Lead the 3D Machine Vision Market for Food & Beverages During the Forecast Period
Figure 51 3D Machine Vision Market for Machinery Tools in RoW to Grow at the Highest Rate During the Forecast Period
Figure 52 Postal and Logistics to Dominate the 3D Machine Vision Market for the Non-Industrial Vertical During the Forecast Period
Figure 53 APAC to Lead the 3D Machine Vision Market for Postal and Logistics During the Forecast Period
Figure 54 Geographic Snapshot of the 3D Machine Vision Market (2016)
Figure 55 APAC to Lead the 3D Machine Vision Market During the Forecast Period
Figure 56 Hardware to Hold the Largest Size of the 3D Machine Vision Market in North America By 2022
Figure 57 U.S. to Dominate the 3D Machine Vision Market During the Forecast Period
Figure 58 Snapshot of the 3D Machine Vision Market in Europe
Figure 59 Hardware to Hold the Largest Size of the 3D Machine Vision Market in Europe By 2022
Figure 60 3D Machine Vision Market in the U.K. to Grow at the Highest Rate During the Forecast Period
Figure 61 Snapshot of the 3D Machine Vision Market in APAC
Figure 62 Hardware to Hold the Largest Size of the 3D Machine Vision Market in APAC By 2022
Figure 63 China to Lead the 3D Machine Vision Market in APAC During the Forecast Period
Figure 64 3D Machine Vision Market for Software in RoW to Grow at A Higher Rate During the Forecast Period
Figure 65 South America to Hold the Largest Size of the 3D Machine Vision Market in RoW By 2022
Figure 66 Companies Mostly Adopted New Product Launches & Developments as Key Growth Strategies Between 2013 and 2016
Figure 67 Battle for Market Share: New Product Launches & Developments Emerged as the Key Strategies Between 2013 and 2016
Figure 68 Geographic Revenue Mix of Top 5 Market Players (2015)
Figure 69 Cognex Corporation: Company Snapshot
Figure 70 Cognex Corporation: SWOT Analysis
Figure 71 Keyence Corporation: Company Snapshot
Figure 72 Keyence Corporation: SWOT Analysis
Figure 73 National Instruments Corporation: Company Snapshot
Figure 74 National Instruments Corporation: SWOT Analysis
Figure 75 Isra Vision AG: Company Snapshot
Figure 76 Isra Vision AG: SWOT Analysis
Figure 77 Basler AG: Company Snapshot
Figure 78 Basler AG: SWOT Analysis
Figure 79 Sick AG: Company Snapshot
Figure 80 Sick AG: SWOT Analysis

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.  Some of the key factors driving the growth of this market are integration of 3D vision systems with robot controllers, rising demand for 3D object analyses in manufacturing applications, and increasing demand for non-industrial 3D machine vision systems.

3D machine vision has huge opportunity in the automation industry. It is mainly used in quality assurance and inspection applications to ensure accuracy in the manufacturing procedures and proper inspection in detecting flaws. Quality assurance and inspection applications are expected to hold the highest size of 3D machine vision market by 2022.

Postal and logistics is likely to dominate the 3D machine vision market for the non-industrial vertical during the forecast period, followed by the healthcare sector. The increasing requirements for 3D medical imaging and lab automation inspection are driving the growth of the market for the healthcare sector. In the logistics sector, 3D machine vision is widely used in bin picking and placing applications. It is used in postal sorting, parcel counting, and for measuring the dimensions of parcels.

Cameras are expected to lead the 3D machine vision market for hardware during the forecast period. Cameras are considered as the eyes of the machine vision systems; they comprise sensors that convert light from the lens into electrical signals. The sensors used in the 3D machine vision cameras are highly specialized; hence, these cameras are more expensive than the normal cameras. With the advent of digitalization, innovations have transformed 3D machine vision cameras by adding features such as high-quality imaging, storage capabilities, and built-in processing units. The demand for high-quality images, image processing, and compactness has led to the invention of digital cameras.

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.

The major factors restraining the growth of the market include the changing requirements of customers and the lack of awareness and technical knowledge pertaining to 3D machine vision systems and solutions.

Cognex (U.S.) is one of the leading companies in the 3D machine vision market, followed by Keyence Corporation (Japan), which provides 3D machine vision solutions to address the emerging need of data centers and large-scale enterprise applications. The most common growth strategy in this market is the new product launches. The companies in the market are strengthening their product portfolios by increasing their R&D investments. The key players in this market are increasingly undertaking partnerships and collaborations to develop new technologies.

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