3D Machine Vision Market Segments, Industry News, Emerging Technologies, Share, Trends, Segmentation, Competitive Landscape, Growth Forecast 2023

3D Machine Vision Market The major factors restraining the growth of the market include the changing requirements of customers and the lack of awareness and technical knowledge pertaining to 3D machine vision market systems and solutions.

Pune, India - September 11, 2019 /MarketersMedia/ —

3D Machine Vision Market Synopsis:

3D Machine Vision market is used in constructing the digital three-dimensional (3D) models of objects within a machine (such as a computer). These 3D models can be manipulated and used for different purposes. Market Research Future (MRFR) has published a research report that determines prosperity for the global 3D machine vision market with 9% CAGR between 2017 and 2022. By value, the market can be worth the USD 1.9 bn by the end of the forecast period.

The most influential factor helping the global 3D Machine Vision Market to grow is the use of 3D Machine vision systems for numerous purposes that include industrial inspection, remote sensing, surveillance, and vision for autonomous vehicles. In all sectors, 3D machine vision can help to detect problems at early stage so that they can be rectified.

In the medical sector, they are used for supervision, along with surveillance of medical areas. For manufacturing applications, the 3D Machine vision systems are useful for machining, polishing & assembly, and for determining the size of product to be manufactured for which manufacturing process is to be defined and controlled. Due to 3D Machine vision, the field of computer vision has also evolved to the extent of achieving human-level capability in the extraction of information from image data.

Some commonly used 3D machine vision technologies whose demand boosts market include 3D triangulation, stereo vision, and Time-of-Flight (ToF) scanning. Lasers from 3D triangulation systems can shine thousands of dots on an object and a camera compatible with this technology can precisely locate each dot. Once the triangles are formed via dots, the camera, and the laser, the 3D triangulation system can use trigonometry to calculate the object’s depth that may include many inner components as well.

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Stereo vision can be used for processing images from two cameras and measure the difference in the images that has been caused by the displacement between the two cameras. Once enabled, 3D machine vision can accurately judge distances. Although this process is time consuming, the modern multi-core processors can easily handle real-time 3D machine vision.

Key Players

Major players in the global 3D machine vision market include Canon (Japan), Cognex Corporation (USA), Coherent Inc. (USA), Hermary Opto Electronics Inc. (Canada), Keyence (Japan), National Instruments (USA), Omron Corporation (Japan), Point Grey Research Inc. (Canada), and Robotic Vision Technology (USA).

Market Segmentation

The global 3D machine vision market segmentation covers application, component, product, and vertical. MRFR is exploring the features of these segments to understand market trends.

Based on application-based segmentation, this market covers measurement, quality assurance & inspection, positioning & guidance, and identification. Regarding product, the market has been segmented into smart camera based products and personal computer (PC) based products. In the context of vertical, the market is being segmented into automotive, consumer electronics, defense, healthcare, logistics, semiconductor, and others.

As per component-based segmentation, the market can be segmented into hardware and software. Hardware segment has been sub-segmented into components like camera, communication devices, computers, control cabinets, and lenses. Softwares are programs installed in computer that can help to transfer pictures in camera into computer.

Regional Segmentation

The regional segmentation of the global 3D machine vision market covers Asia Pacific, North America, Europe, and rest of the world (RoW).

The Asia Pacific is the leading regional market due to rising adoption of automation across all industry verticals. Among verticals, the maximum visibility of market growth is visible in in automotive sector and consumer electronics sector. High density of population in China and India is also contributing to the market growth. Japan is another technologically advanced country-specific market in this region. Revenue from other Asia Pacific countries is also contributing to the market growth.

North America is the second largest regional market due to market receiving support from technologically advanced countries like USA and Canada where most of the important market players are based in. Developed infrastructure in this region also provides rich environment for manufacturing industry that enables market growth. Mexico is the third vital country-specific market in this region.

Europe is the third most important regional market as it is second only to North America, in terms of technological advancement. Europe is also the most populated continent, and thus, a lucrative market. In Europe, the biggest country-specific markets are France, Germany, Italy, Spain, and the UK.

The RoW segment covers Latin countries and the Middle East & Africa (MEA) region. In Latin countries, the technological advancement is slow and limited. Therefore, the market in this region is limited. Among all Latin countries, Argentina and Brazil are two strong economies that have the strongest chances of emerging as key country-specific markets. In the MEA region, the market is limited due to the lack of skilled professionals, and limited availability of internet facilities.

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Latest Industry News

• In a bid to overcome the traditional constraints to 3D printing, MIT startup Inkbit is developing a 3D printer that is powered by artificial intelligence (AI) and machine vision. 13 JUNE 2019
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