Global 3D Machine Vision Market Size, Trends, and Growth Opportunity By Device Type (Smart Camera Based, PC Based), By End Use (Postal & Logistics, Glass & Metal, Food & Beverage, Printing & Labeling), By Offering ( Hardware, Software), By Application (Identification, Measurement, Positioning & Guidance, Quality Assurance & Inspection), By Region, and Forecast till 2027.
Global 3D Machine Vision Market
The global 3D machine vision market was valued at USD 1450.45 million in 2021 which is expected to reach USD 2885.22 million at a CAGR of 12.80% from 2022-2027.
The 3 Dimension machine vision systems include techniques such as point clouds, stereo vision, and 3D triangulation, which enable automatic sensing, receiving, and interpreting of a real-world image to collect information and processes.
Market Drivers
the rise in need for quality inspection and automation in various industries such as postal and logistics, glass and metal, food and beverage, printing and labelling, and pulp and paper is likely to drive the worldwide 3D machine vision market growth. Additionally, technological improvements will have a beneficial impact on market growth. For example, in September 2017, Soliton introduced NUERA, its new 4th generation machine vision and IoT smart camera. The NUERA has on-board processing as well as gigabit Ethernet, WiFi, and 4G connectivity. Furthermore, the implementation of IoT (Internet of Things) is likely to drive the worldwide 3D machine vision market growth.
Market Restraints
However, a lack of understanding about recovering 3D machine vision in emerging nations is a major impediment to the global 3D machine vision market's growth. In addition, a scarcity of skilled individuals will have an impact on industry growth.
Market Segmentation
The global 3D machine vision market is segmented into product, such as smart camera-based and PC-based, and by offering, such as hardware and software. Further, the market is segmented into application, such as identification, measurement, positioning & guidance, and quality assurance & inspection, and by end use, such as postal & logistics, glass & metal, food & beverage, printing & labelling, pulp & paper, electronics & semiconductors, pharmaceuticals & chemicals, and automotive.
Regional Analysis Also, the global 3D machine vision market is segmented into five regions, such as North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Asia Pacific had the highest revenue share. This expansion might be attributed to the region's attractive potential in automotive, packaging, pharmaceutical, and other industrial uses. The technology is expected to gain substantial traction during the projected period as the region establishes itself as a global manufacturing centre. China and Japan are two significant countries with the potential to provide numerous opportunities for both developing and mature technology, such as machine vision.
Market Key Players
Various key players are discussed in this report, such as LMI Technologies, Stemmer Imaging, Tordivel As, Mvtec Software GmbH, Sick AG, Basler AG, Isra Vision AG, National Instruments Corporation, and Keyence Corporation.
Market Taxonomy
By Product
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