PUBLISHER: The Business Research Company | PRODUCT CODE: 1465639
PUBLISHER: The Business Research Company | PRODUCT CODE: 1465639
3D machine vision entails the utilization of imaging systems and algorithms to perceive and analyze the three-dimensional structure of objects within a given environment. This technology empowers machines to comprehend spatial relationships and depth information, enabling its application in areas such as robotic automation, quality control, and augmented reality.
The primary components of 3D machine vision consist of hardware and software. Hardware encompasses the tangible elements of a computer system or device, including cameras, sensors, and processors essential for data capture and processing in 3D machine vision applications. These products are further categorized into smart camera-based systems and PC-based systems, serving diverse functions such as quality assurance and inspection, positioning and guidance, measurement, and identification across various industries. End-users span sectors such as automotive, pharmaceuticals and chemicals, electronics and semiconductors, pulp and paper, printing and labeling, food and beverage, postal and logistics, among others.
The 3D machine vision research report is one of a series of new reports from The Business Research Company that provides 3D machine vision market statistics, including the 3D machine vision industry's global market size, regional shares, competitors with an 3D machine vision market share, detailed 3D machine vision market segments, market trends and opportunities, and any further data you may need to thrive in the 3D machine vision industry. This 3D machine vision market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The 3D machine vision market size has grown rapidly in recent years. It will grow from $1.82 billion in 2023 to $2.00 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The expansion witnessed during the historical period can be attributed to several factors, including a surge in demand for robotics integration, an increasing need for non-contact measurement solutions, enhanced capabilities for defect detection, a growing emphasis on workplace safety, and a concerted focus on improving production efficiency.
The 3D machine vision market size is expected to see strong growth in the next few years. It will grow to $2.78 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The projected growth in the forecast period can be attributed to several key factors, including the expansion of e-commerce, accelerated automation, growth in the healthcare sector, increasing demand for augmented reality and virtual reality applications, and the need for customized manufacturing solutions. Major trends expected during this period include the integration of artificial intelligence (AI) algorithms, the expansion of 3D machine vision in medical imaging, advancements in technology, the adoption of 3D vision in quality control, and strategic partnerships.
The upward trajectory in demand for robotics integration is poised to drive the expansion of the 3D machine vision market in the foreseeable future. Robotics integration entails seamlessly incorporating robotic systems into existing processes or systems, aiming to bolster automation and efficiency. This surge in demand is spurred by the imperative for heightened productivity, cost-effectiveness, and adaptability across industries embracing advanced automation technologies. The integration of robotics augments 3D machine vision capabilities by empowering robots to accurately interpret and respond to visual data, thereby enhancing precision and efficiency in tasks such as object recognition and manipulation. Notably, in September 2023, a report by the International Federation of Robotics (IFR) revealed a notable increase in industrial robot installations, reaching 0.553 million units in 2022 compared to 0.526 million units in 2021, representing a year-on-year growth rate of 5%. Asia led the surge with 73% of newly deployed robots, followed by Europe with 15% and the Americas with 10% in 2022. Consequently, the surge in demand for robotics integration emerges as a key driver propelling the growth of the 3D machine vision market.
Leading entities within the 3D machine vision sector are channeling efforts towards product innovations, particularly in advanced sensing scanners, to cater to evolving demands for heightened precision and efficiency in dimensional imaging and analysis. These innovations encompass technologies such as laser scanning, structured light scanning, stereo vision, photogrammetry, computed tomography, ultrasound, and time-of-flight cameras for three-dimensional data capture. For example, in June 2023, Photoneo s.r.o., a Slovakia-based provider of robotic vision and intelligence solutions, introduced the Alpha 3D Scanner. This plug-and-play device is specifically engineered for streamlined machine vision tasks within sectors such as logistics. Leveraging structured light 3D sensing technology, it boasts a resolution of 1440 x 1080 and offers an optimal scanning distance of up to 2331 mm, with a maximum scanning distance reaching 3780 mm. Its scanning area spans 1091 x 761 mm, delivering rapid scanning capabilities starting at 450 ms. Operable at 24V power with Power over Ethernet (PoE) capability, it features a 1 Gbit Ethernet connection. Compact in size at 416 x 68 x 86 mm and weighing 950 g, it maintains operational efficiency within a temperature range of 0-40 °C, holding an IP65 rating for durability.
In July 2022, TKH Group N.V., a renowned technology company headquartered in the Netherlands, successfully acquired Nerian Vision GmbH for an undisclosed sum. This acquisition marks a significant milestone as Nerian becomes a part of TKH Vision's esteemed group of machine vision enterprises. Notably, Nerian will maintain its distinct identity, operating under the Nerian brand, and uphold existing partnerships while benefiting from synergies within the TKH ecosystem. Nerian Vision GmbH, based in Germany, is widely recognized for its cutting-edge 3D machine vision solutions, including a diverse product lineup encompassing 3D depth cameras and stereo vision technology tailored for various machine vision applications.
Major companies operating in the 3d machine vision market are Omron Corporation, Keyence Corporation, Hexagon AB, Zebra Technologies Corporation, Teledyne Technologies Incorporated, Synopsys Inc., Coherent Inc., Basler AG, Sick AG, National Instruments Corporation, Cognex Corporation, IFM Electronic GmbH, Pepperl+Fuchs Group, Teledyne DALSA Inc., Edmund Optics Inc., Isra Vision AG, Stemmer Imaging, LMI Technologies Inc., Baumer Group, JAI AS, Optotune AG, Zivid AS, MVTec Software GmbH, Nerian Vision Technologies, Photoneo s.r.o., Robotic Vision Technologies Inc., Zivid Labs AS, Roboception GmbH
Asia-Pacific was the largest region in the 3D machine vision market in 2023. It is expected to be the fastest-growing region in the forecast period. The regions covered in the 3d machine vision market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the 3d machine vision market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The 3D machine vision market consists of revenues earned by entities providing services such as object recognition and classification, quality control and inspection services, and navigation and mapping in autonomous vehicles. The market value includes the value of related goods sold by the service provider or included within the service offering. The 3D machine vision market also includes sales of 3D cameras, laser scanners, 3D sensors, and robotic vision systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
3D Machine Vision Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on 3D machine vision market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for 3D machine vision ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The 3D machine vision market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.