The worldwide 3D machine vision market is anticipated to reach USD 4 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the hardware sector dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global 3D machine vision market revenue during the forecast period.
Growing need for automation and increasing need to
offer high quality products in the market fuels the growth of the 3D machine
vision market. Use of 3D machine vision increases productivity, and efficiency,
while saving time and costs. The increasing demand from industries including
automotive, healthcare, defense, aerospace, and food and beverage is expected
to provide growth opportunities in the coming years.
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Emerging and untapped markets of
developing economies, and rising demand for customized and application specific
3D machine vision solutions further provide growth opportunities to key players
in the 3D machine vision market. Increasing investments, technological
advancements, and growing research and development further boosts the growth of
the market.
Asia-Pacific generated the highest revenue in the
market in 2017, and is expected to lead the 3D machine vision market throughout
the forecast period. Rapid industrialization and increasing automation in the region
drives the market growth. Introduction of new advanced technologies and
increasing applications in automotive, aerospace, electronics and healthcare
sectors is expected to support market growth. Growing demand from automotive
and manufacturing industries for high quality products further augments the
market growth.
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The major players in the 3D
machine vision market include ISRA Vision AG, Cognex Corporation, MVTec
Software GmbH, Basler AG, Tordivel AS, Sick AG, Stemmer Imaging, National
Instruments Corporation, Keyence Corporation, and Microscan Systems, Inc. among
others among others. These companies launch new products and collaborate with
other market leaders to innovate and launch new products to meet the increasing
needs and requirements of consumers.
