3D Machine Vision Market to Witness Groundbreaking Developments by 2022 | Industry Forecast by Component, Product, Application, Vertical, Global Leaders

3D Machine Vision Market
Global 3D Machine Vision Market is expected to reach USD 1.9 billion by 2022 with 9%CAGR through the forecast period.

Global 3D Machine Vision Market – Overview

The rising demand for 3D models or products has raised the growth potential of the 3D machine vision market tremendously. Market intensive reports related to the semiconductors and electronics industry among others recently have been made available by Market Research Future which issues reports on this industry. The market is anticipated to develop with 9%CAGR in the duration of the forecast period.

 

The rising demand for 3D printing is the driving force in the development of the market. The usage of 3D machine vision for the purpose of vision for autonomous vehicles, industrial inspection, surveillance, remote sensing and medical usage has increased the demand for the market to a great extent. Its ability to effectively reduce the time and effort required for manual inspection and measurements is increasing the consumer interest in the market at a gradual rate. The growing demand for the market is projected to increase the market share significantly in the duration of the forecast period.

 

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Detailed Regional Analysis

According to the regional analysis of the market, the Asia Pacific region is a front-runner in the 3D machine vision market. The market in this area is projected to advance at a substantial rate in the forecast period. Growing acceptance of automation across all industry verticals, chiefly in automotives and consumer electronics, are one of the core reasons for the progress of the market in this region. The North American region has emerged as the second biggest market for the industry.  A comprehensive environment for the manufacturing industry and technologically developed nations are backing up the market’s growth in the forecast period.

 

Global Competitive Analysis

The competitors in the market are persistently trying to establish leading market positions through new policies and strategies. The experienced management in the companies operating in the market is creating business models which can bring about a fruitful phase of development. The key trends and players have established a positive tone for development. The competitors in the market are trying to succeed commercially by ensuring demand and supply are in balance. The contenders in the market are also leveraging their competitive advantages to secure their growth in the market. The momentum of the market’s growth has altered the competitive backdrop of the market. The market development by competitors also comprises of strong risk management.

 

Robotic Vision Technology (U.S.) Point Grey Research, Inc. (Canada), Omron Corporation (Japan), Hermary Opto Electronics Inc. (Canada), Cognex Corporation (U.S.), Coherent, Inc. (U.S.), National Instruments (U.S.), Canon (Japan), Keyence (Japan), among others are a few of the significant competitors in the 3D Machine Vision Market.

 

Industry Updates:

Feb 2018 The 3D command has been launched within EyeVision 3D software that enables users to capture 3D images and process point clouds with the Intel sensors. EyeVision 3D will permit users to extract depth data from the camera and use the understanding of this data in the selected platform, comprising ARM and Intel processors, according to EVT. Application regions for the Intel sensor together with the software include height measurement industries in applications such as robotic, automotive inspection, food and beverage inspection, and medicine.

 

Industry Segments

The 3D Machine Vision Market is segmented on the basis of application, product, component, vertical and region. The component category is segmented into software and hardware. The hardware type comprises of components such as lenses, camera, control cabinets, computers and communication devices. The segmentation on the basis of the product comprises of smart camera and PC based. The application segment is segmented into measurement, assurance & inspection and quality. The 3D machine vision can be applied in several activities such as logistics, healthcare, automotive, consumer electronics, semiconductor, defense and many more.

 

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