3D Machine Vision Global Market Report 2024 - By Growth, Size, Share, Industry Trends, Forecast To 2033

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 growth in the historic period can be attributed to surge in demand for robotics integration, rising need for non-contact measurement solutions, enhanced capabilities for defect detection, growing emphasis on workplace safety, 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 growth in the forecast period can be attributed to e-commerce expansion, automation acceleration, growth in the healthcare sector, demand for augmented reality and virtual reality applications, demand for customized manufacturing solutions. Major trends in the forecast period include integration of artificial intelligence (AI) algorithms, expansion of 3d machine vision in medical imaging, advance technology, adoption of 3D vision in quality control, strategic partnership.

Market Overview -
3D machine vision refers to the use of imaging systems and algorithms to perceive and analyze the three-dimensional structure of objects in a given environment. It enables machines to understand spatial relationships and depth information for applications such as robotic automation, quality control, and augmented reality.

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Robotics Integration Fuels 3D Machine Vision Market Expansion
The surge in demand for robotics integration is expected to propel the growth of the 3D machine vision market going forward. Robotics integration involves incorporating robotic systems seamlessly into existing processes or systems to enhance automation and efficiency. The surge in demand for robotics integration is driven by the need for increased productivity, cost efficiency, and adaptability in industries seeking to leverage advanced automation technologies. Robotics integration enhances 3D machine vision by enabling robots to precisely interpret and respond to visual information, improving accuracy and efficiency in tasks such as object recognition and manipulation. For instance, in September 2023, according to a report by the International Federation of Robotics (IFR), a Germany-based organization that provides global insights and statistics on the robotics industry, there were 0.553 million industrial robot installations in global factories in 2022 compared to 0.526 million units in 2021, reflecting a year-on-year growth rate of 5%. Regionally, Asia accounted for 73% of all newly deployed robots, followed by Europe with 15% and the Americas with 10% in 2022. Therefore, the surge in demand for robotics integration is driving the growth of the 3D machine vision market.

Competitive Landscape -
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

Innovations In 3D Machine Vision Technology With A Focus On Advanced Sensing Scanners
Major companies operating in the 3D machine vision market are focusing on product innovations, such as advanced sensing scanners, to address evolving demands for enhanced precision and efficiency in dimensional imaging and analysis. It employs technologies such as laser scanning, structured light scanning, stereo vision, photogrammetry, computed tomography, ultrasound, and time-of-flight cameras to capture three-dimensional data. For instance, in June 2023, Photoneo s.r.o., a Slovakia-based provider of robotic vision and intelligence, launched the Alpha 3D Scanner, a plug-and-play device tailored for straightforward machine vision tasks in sectors such as logistics. Featuring structured light 3D sensing technology, it boasts a resolution of 1440 x 1080, an optimal scanning distance of up to 2331 mm, a maximum scanning distance of 3780 mm, and a sweet spot scanning area of 1091 x 761 mm, with a rapid scanning time starting at 450 ms. Operating at 24V power with PoE capability, it is equipped with a 1 Gbit Ethernet connection. Compact at 416 x 68 x 86 mm and 950 g, it maintains an operational temperature range of 0-40 °C and holds an IP65 rating.

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Key Segments -
The 3D machine vision market covered in this report is segmented -
1) By Component: Hardware, Software
2) By Product: Smart Camera-Based Systems, PC-Based Systems
3) By Application: Quality Assurance And Inspection, Positioning And Guidance, Measurement, Identification, Other Applications
4) By End-Use: Automotive, Pharmaceuticals And Chemicals, Electronics And Semiconductor, Pulp And Paper, Printing And Labelling, Food And Beverage, Postal And Logistics, Other End-Uses

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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