The 3D machine vision market has experienced significant growth in recent years and is expected to continue its upward trajectory. 3D machine vision technology enables machines and systems to perceive, interpret, and understand their surrounding environment in three dimensions. It combines hardware components, such as cameras and sensors, with advanced software algorithms to capture and analyze three-dimensional images, allowing machines to make accurate measurements, identify objects, and perform complex tasks with precision.
The adoption of 3D machine vision technology is driven by various factors. Industries such as automotive, electronics, manufacturing, and logistics are increasingly integrating 3D machine vision systems into their operations to enhance quality control, improve productivity, and ensure the safety of their processes. The demand for automation and robotics in industries has also contributed to the growth of the 3D machine vision market, as these systems require advanced vision capabilities to navigate and interact with their environment. Additionally, advancements in sensor technology, such as the development of high-resolution cameras and depth-sensing technologies like time-of-flight (ToF), have further propelled the adoption of 3D machine vision systems
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Key Takeaways from Market Study
- The global 3D machine vision market amounted to US$ 2 billion in 2023.
- Worldwide demand for 3D machine vision systems is forecasted to rise at a CAGR of 9.6% from 2023 to 2033 (forecast period).
- The market is anticipated to touch US$ 5 billion by the end of 2033.
- Asia Pacific held 38% of the global market share in 2022.
- Demand for smart camera-based systems is estimated to develop at a CAGR of 5.6% during the forecast period.
Why is the United States a Huge Market for 3D Machine Vision Technology?
The United States stands as a significant market for 3D machine vision technology due to several key factors. Firstly, the country has a thriving industrial sector across various industries, including automotive, aerospace, electronics, and manufacturing. These industries have a strong demand for advanced automation and quality control solutions, and 3D machine vision technology plays a crucial role in meeting those requirements. The need for precise measurements, accurate inspections, and efficient production processes drives the adoption of 3D machine vision systems in the United States.
Secondly, the United States has a history of technological innovation and a well-established ecosystem to support the development and implementation of cutting-edge technologies. The country is home to numerous technology companies, research institutions, and universities that focus on advancing machine vision technology. This ecosystem fosters collaboration, knowledge sharing, and the development of state-of-the-art hardware and software solutions, which further drives the adoption of 3D machine vision technology.
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Competitive Landscape
Key players in the 3D machine vision market are concentrating on tactics such as acquisitions, investments, new developments, and collaborations to gain market share. Furthermore, numerous start-ups are attempting to advance machine vision technologies which will contribute to market growth.
- Saccade Vision, an Israeli start-up, is developing a machine vision system for industrial automation. The start-up’s technology allows dimensional inspection and robotic guidance using a micro-electromechanical system (MEMS)-based 3D triangulation profiler and 3D machine vision. It scans in several directions, with essential places chosen in high resolution, and optimizes data collecting and processing locally. Its adaptable design allows it to use the same inspection hardware for various parts and processes. Furthermore, the solution provides comprehensive process and machine health data to enhance manufacturing.
- In February 2022, Basler AG broadened its 3D range with an industrial-grade stereo camera series. Basler Stereo Cameras allow robots to grasp their surroundings in real time. The five model types are offered in 65-millimeter and 160-millimeter basic distances, as well as color and monochrome versions. All cameras come with a pre-installed, flexible onboard software package that is appropriate for common robotics applications like bin picking and object recognition.
Key Companies Profiled
- Basler AG
- Hermary Opto Electronics Inc
- Cognex Corporation
- Isra Vision AG
- LMI Technologies, Inc
- Keyence Corporation
Key Segments of 3D Machine Vision Industry Research
- By Product :
- Smart Camera-based
- PC-based
- By Offering :
- Hardware
- Software
- By Application :
- Quality Assurance & Inspection
- Positioning & Guidance
- Measurement
- Others
- By End Use :
- Automotive
- Pharmaceuticals
- Chemicals
- Electronics & Semiconductors
- Food & Beverages
- Agriculture
- Others
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