The global 3D machine vision market is expected to be valued at USD 2.13 Billion by 2022, growing at a CAGR of 11.07% between 2017 and 2022.
Initially, machine vision was used only for industrial operations; however, this technology is now being used for non–industrial applications as well. The demand for machine vision systems for non–industrial applications is increasing. These applications were not considered as potential applications earlier but are now bei ng catered to by machine vision systems. The inspection, identification, measurement, and location of products are some of the major applications of machine vision systems in most industries.
Download PDF Brochure:
3D machine vision market has huge opportunity in the automation industry. It is mainly used in quality assurance and inspection applications to ensure accuracy in the manufacturing procedures and proper inspection in detecting flaws. Quality assurance and inspection applications are expected to hold the highest size of market by 2022.
3D machine vision market for postal and logistics is likely to dominate the market for the non-industrial vertical during the forecast period, followed by the healthcare sector. The increasing requirements for 3D medical imaging and lab automation inspection are driving the growth of the market for the healthcare sector. In the logistics sector, 3D machine vision is widely used in bin picking and placing applications. It is used in postal sorting, parcel counting, and for measuring the dimensions of parcels.
3D machine vision market for cameras are expected to lead the market for hardware during the forecast period. Cameras are considered as the eyes of the machine vision systems; they comprise sensors that convert light from the lens into electrical signals. The sensors used in the 3D machine vision cameras are highly specialized; hence, these cameras are more expensive than the normal cameras. With the advent of digitalization, innovations have transformed 3D machine vision cameras by adding features such as high-quality imaging, storage capabilities, and built-in processing units. The demand for high-quality images, image processing, and compactness has led to the invention of digital cameras.
Request More Details on:
3D machine vision market in APAC held the largest share of the market in 2016, and the market in this region is expected to grow at a high rate between 2017 and 2022. The increasing adoption of automation across all industries, especially in consumer electronics and automotive, is the major reason for the growth of the market in APAC. Also, the presence of major manufacturing hubs such as China, Japan, India, and South Korea is contributing to the growth of the market in this region.