3D Machine Vision Market Statistics, Analysis 2030Posted by Tom C on March 22nd, 2024 The 3D Machine Vision Market was valued at USD 1.5 billion in 2019 and is projected to reach USD 2.4 billion by 2025; it is expected to grow at a CAGR of 9.4% from 2020 to 2025. The rising awareness of consumers about product quality has led to an increased demand for quality inspection and automation of end products. A growing number of companies are focusing on automation systems to reduce their production costs post-COVID-19. Changes related to high-quality standards have also led to the introduction of factory automation solutions, thereby increasing the demand for 3D machine vision systems and solutions in industries. Key Market Players The key players in the ecosystem of the 3D machine vision market profiled in this report are OMRON Corporation (Japan), Keyence Corporation (Japan), Cognex Corporation (US), Basler AG (Germany), National Instruments (US), ISRA Vision AG (Germany), TKH group (Netherlands), Stemmer Imaging (Germany), MVTec Software GmbH (Germany), and Tordivel AS (Norway). Download PDF Brochure: Software machine vision is expected to grow at a faster rate during the forecast period The integration of AI in industrial machine vision software is expected to fuel the growth of the industrial machine vision market for software during the forecasted period as deep learning enables machines to recognize objects. Also, deep learning-based machine vision software helps in minimizing human intervention and provide a real-time solution by distinguishing the acceptable variations in products and the defects in manufacturing industries. The Smart camera-based systems is projected to grow at the highest CAGR from 2020 to 2025. The growth of the measurement segment can be attributed to the increased use of smart camera-based 3D machine vision systems for integrating programmable automation controllers with human-machine interfaces. A smart camera-based system comprises sensors, processors, camera-to-computer interfaces, and lenses. In other words, in a smart camera, all the components, from the camera to processors and input-output devices, are embedded in a small box. These systems are specially made to replace PC systems that rely on separate cameras, frame grabbers, and software components, among others. Food and beverages industry to grow at the fastest rate in the 3D machine vision market during the forecast period The growth of this segment can be attributed to the increased use of 3D machine vision systems for checking the quality and dimensions of food; for instance, 3D machine vision systems are used to monitor the height of cookies on an assembly line. The food industry is highly labor-intensive. Labor cost is approximately 50% of the product cost, and most of it is repetitive work. This leads to poor quality control and accidents. If the labor cost is reduced by 3D automation by using machine vision systems, the overall cost is likely to be reduced, including labor and medical costs. APAC held the largest market share in the 3D machine vision market between 2020 and 2025 The machine vision market in APAC is expected to hold a major market share during the forecast period as countries in APAC such as China, Japan, India, and South Korea have some of the largest manufacturing facilities wherein automation of manufacturing processes has been taken as the highest priority. The decrease in the number of COVID-19 patients in China is slowly leading to normal manufacturing activities in the country. This, in turn, is expected to drive the growth of the machine vision market in APAC, but it is expected that this growth will not be as significant as it would have been in the pre-COVID-19 era. Like it? Share it! More by this author |