The global 3D machine vision market is valued at US$ 2 billion in 2023 and is predicted to reach US$ 5 billion by 2033, increasing at an impressive CAGR of 9.6% during the forecast period (2023 to 2033).
A three-dimensional digital representation of the scanned object is produced using 3D machine vision, which combines hardware, software, and integrated systems to enhance application performance. Prior to the development of 3D machine vision, processing 2D image data was commonplace. The limitations of 2D cameras are leading to an increase in the use of 3D machine vision systems. Barcode scanning, feature verification, surveillance, and label orientation are a few uses of 2D machine vision technologies that can provide a two-dimensional map of the scanned items. However, 3D picture data frequently reflects more precise measurements of intricate product structures, opening up new application opportunities.
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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.
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.
- OMRON Corporation launched its new FH-SMD Series 3D vision sensor in March 2021. The FH-SMD Series can be fitted to a robot to identify randomly arranged (bulk) automotive components in three dimensions, allowing for space-saving assembly, examination, and pick & place, which is challenging with traditional robotics.
- Coherix, Inc., the worldwide leader in breakthrough 3D adaptive process control for dispensing applications, unveiled PrimerMaster Pro, its sophisticated machine vision technology, in January 2021. In the automotive manufacturing process, this innovative product inspects and measures the placement and width of primer put onto the glass.
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
- By Region :
- North America
- Latin America
- Europe
- Asia Pacific & China
- Middle East & Africa
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Questionnaire answered in the Market outlook Report of 3D Machine Vision include:
- What is the key strategy deployed by large players to maximize 3D Machine Vision Market growth?
- What are the main challenges faced by players in the 3D Machine Vision market Demand?
- With the advent of technological advancement, how will the 3D Machine Vision market landscape change over the forecast period?
- What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the 3D Machine Vision market size?
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