3D Machine Vision Market by Component (Hardware, Software), Product, Application, End User (Industrial [Automotive, Electronics & Semiconductor, Food & Beverage], Commercial [Healthcare, ITS], Government), and Geography?Global Forecasts to 2028
The 3D machine vision market is expected to grow at a CAGR of 12.1% from 2021–2028 to reach $3.1 billion by 2028.

Through extensive primary and secondary research and in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, and opportunities. Factors such as the rising demand for automated quality inspection technologies, the increasing need for vision-guided robotic systems, and the emergence of Industry 4.0 are driving the growth of this market.

However, depth errors caused due to shiny surfaces and complexity in integrating 3D machine vision systems hinder the growth of this market.

Based on the component, the 3D machine vision market is segmented into hardware and software. The hardware segment is further segmented into cameras, frame grabbers, optics, lighting, and others.

In 2021, the hardware segment is expected to account for the largest share of the overall 3D machine vision market. Amongst the hardware segments, cameras are expected to contribute to the largest revenue share in 2021. The large share of this segment is mainly attributed to the increasing implementation of advanced camera technologies, such as complementary metal-oxide-semiconductor (CMOS) imaging sensors.

Based on product, the PC-based systems segment is poised to account for the larger market share in 2021. PC-based systems have greater processing power and are capable of handling complex operations at relatively high speed.

Based on end user, the market is divided into industrial, commercial, and government. Under the industrial segment, the automotive segment is poised to account for the largest share of the market in 2021, whereas the food & beverage segment is expected to grow at the highest CAGR during the forecast period. Under the commercial segment, logistics is expected to create the largest revenue share in 2021, while intelligent transportation systems are expected to grow faster. Under the government segment, security & surveillance is estimated to account for the largest share in 2021.

An in-depth analysis of the 3D machine vision market’s geographical scenario provides detailed qualitative and quantitative insights about the five major geographies (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) and the coverage of major countries in each region.

In 2021, Asia-Pacific is projected to account for the largest share of the 3D machine vision market, followed by Europe, North America, Latin America, and the Middle East & Africa. The large market share of this region is mainly attributed to the presence of a large number of manufacturing facilities and the rising number of government initiatives in countries such as India and Singapore.

The key players operating in the 3D machine vision market are Cognex Corporation (US), Keyence Corporation (Japan), ISRA Vision AG (Germany), Sick AG (Germany), Basler AG (Germany), Omron Corporation (Japan), National Instruments (US), LMI Technologies (Canada), Sony Corporation (Japan), Stemmer Imaging (Germany), Teledyne Technologies (US), Canon Inc. (Japan), Torvidel AS (Norway), Balluff GmBH (Germany), and Industrial Vision System (UK).

Scope:
By Component

  • Hardware
    o Cameras
    o Frame Grabbers
    o Optics
    o Lighting
    o Others
  • Software
    By Product
  • PC-based
  • Smart Camera
    By Application
  • Quality Assurance & Inspection
  • Positioning & Guidance
  • Measurement
  • Identification
  • Sorting
    By End User
  • Industrial


o Automotive
o Pharmaceuticals & Chemicals
o Electronics & Semiconductor
o Printing & Labeling
o Food & Beverage
o Glass & Metal
o Others

  • Commercial
    o Healthcare
    o Intelligent Transportation System
    o Logistics
  • Government
    o Security & Surveillance
    o Military & Defense
    By Geography
  • North America
    o U.S.

    o Canada
  • Europe
    o Germany
    o U.K
    o France
    o Italy
    o Rest of Europe
  • Asia-Pacific (APAC)
    o China
    o Japan
    o South Korea
    o India
    o Rest of Asia-Pacific
  • Latin America
  • Middle East and Africa