PRN: 3D Machine Vision Market to Reach $2.13 Billion by 2022 - Driven by Rising Demand for 3D Object Analyses in Manufacturing Applications - Research and Markets

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3D Machine Vision Market to Reach $2.13 Billion by 2022 - Driven by Rising Demand for 3D Object Analyses in Manufacturing Applications - Research and Markets

 
[30-March-2017]
 

DUBLIN, Mar 30, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "3D Machine Vision Market - Global Forecast to 2022" report to their offering.

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The 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.  Some of the key factors driving the growth of this market are integration of 3D vision systems with robot controllers, rising demand for 3D object analyses in manufacturing applications, and increasing demand for non-industrial 3D machine vision systems.

3D machine vision 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 3D machine vision market by 2022.

Postal and logistics is likely to dominate the 3D machine vision 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.

Cameras are expected to lead the 3D machine vision 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.

APAC held the largest share of the 3D machine vision 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 3D machine vision 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 3D machine vision market in this region.

Companies Mentioned

  • Basler AG
  • Cognex Corporation
  • ISRA Vision AG
  • Keyence Corporation
  • LMI Technologies
  • MVTec Software GmbH
  • National Instruments
  • Sick AG
  • Stemmer Imaging
  • Tordivel AS

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 3D Machine Vision Market, By Offering

8 3D Machine Vision Market, By Product

9 3D Machine Vision Market, By Application

10 3D Machine Vision Market, By Vertical

11 3D Machine Vision Market, By Geography

12 Competitive Landscape

13 Company Profiles

14 Appendix

For more information about this report visit http://www.researchandmarkets.com/research/t34rgn/3d_machine_vision

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Laura Wood, Senior Manager
press@researchandmarkets.com 

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