According to a new report Global 3D Machine Vision Market, published by KBV research, The Global 3D Machine Vision Market size is expected to reach $2.8 billion by 2026, rising at a market growth of 18.3% CAGR during the forecast period.
Hardware holds the major share of the 3D machine vision market in the year 2019. Hardware components consist of a number of objects like cameras, frame grabbers, LED lightings, sensors, processors, optics, and others. In the year 2019, cameras held the largest market share, and this is accredited to the growing demand of the complementary metal-oxide-semiconductor (CMOS) imaging sensors. It is expected to result in hardware sub-segment growth.
PC-based products dominated the market in the year 2019. This segment is predicted to continue rising and will have a positive impact on the market in terms of revenue over the foreseeable period of time. Though, the smart camera-based systems are likely to show a robust growth rate in the coming years. The segment is subjected to raise at the fastest CAGR from the year 2020 to 2026. This substantial segment growth is accredited to the increasing adoption of high-quality cameras in 3D imaging.
The automotive segment has dominated the market in the year 2019. Application of 3D Machine Vision in the automotive industry for the inspection purposes that included presence-absence of checking, assembly verification, error proofing, and final inspection.
The Asia Pacific region occupies the largest market share in the year 2019, this share is attributed to the fact that plenty of opportunities has been offered for large manufacturing practices and are actively carried out in the region. Countries like China, South Korea, Japan, and India are considered as potential markets for machine vision. The huge industrial expansion in these regions is contributing to the affluence and development of such innovations and thereby there is a significant increase in the adoption of different technologies.
Structural Insights: https://www.kbvresearch.com/3d-machine-vision-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Keyence Corporation, Cognex Corporation, Basler AG, Sick AG, Omron Corporation, National Instruments Corporation, ISRA Vision AG (Atlas Copco), Stemmer Imaging AG (SI Holding GmbH), TKH Group NV and Tordivel AS.
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