3D Machine Vision Market Size to Reach at a CAGR of 10.5% by 2025 with Market Key Players - Canon Inc. (Japan), Omron Corporation (Japan), Point Grey Research, Inc. (Canada), Hermary Opto Electronics Inc. (Canada), Coherent, Inc. (U.S.), Cognex Corporatio

3D Machine Vision Market Overview:

The size of the global 3D machine vision system market is expected to reach a CAGR of 10.5% from 2019 to 2025.

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3D Machine Vision Market Growth Drivers and Restraints:

3D machine vision is used in various sectors such as automotive, health, defense, semiconductors, consumer electronics, and logistics. The main disadvantages of human inspection, such as long-term inconsistency, the need for a rest period, the slower machine speed and the differences between different inspectors, stimulate the growth of this market. 3D machine vision facilitates a cost-effective, fast, accurate and high-quality inspection procedure. The industry is expected to grow over the forecast period due to the continued evolution of CMOS image sensors and the increasing demand for automation in industrial applications.

However, intensive training and education, which is essential for the entry of 3D machine vision into new markets, is slowing the growth of the world market.

In addition, the demand for miniaturization of the 3D machine vision system offers lucrative opportunities for players in this sector.

Market Segmentation of the 3D Machine Vision Market:

The global market for 3D machine vision can be segmented according to the type of product, the offers, and the application. By product type, the market can be divided into PC-based systems and intelligent camera-based systems. Due to the type of offers offered, the global market can be separated into hardware and software. On the basis of the application, the market can be classified as quality control and inspection, positioning and guidance, measurement, identification, and others.

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Geographic Segmentation of the 3D Machine Vision Market:

Geographically, the global 3D machine market can be segmented into North America, Europe, AsiaPacific, Latin America, and the Middle East and Africa. The Asia-Pacific region accounted for the largest share of the 3D vision market in 2016. The market in this region is expected to experience significant growth between 2017 and 2025. In addition, the existence of large manufacturing companies in countries such as Japan, China, and South Korea will boost the growth of the 3D vision market in the AsiaPacific region.

Key players of the 3D Machine Vision Market:

Canon Inc. (Japan), Omron Corporation (Japan), Point Grey Research, Inc. (Canada), Hermary Opto Electronics Inc. (Canada), Coherent, Inc. (U.S.), Cognex Corporation (U.S.), National Instruments (U.S.), Keyence (Japan), Robotic Vision Technology (U.S.), LMI Technologies (Canada).

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