3D Machine Vision Market Overview
Market Research Future
(MRFR) confirms that the machine vision market 2020 can advance at a solid rate
of 13% between 2018 and 2024 (review period). It is also projected that the
market size can hit USD 2626.5 million by 2024-end. We will provide COVID-19 impact
analysis with the report. The COVID-19 impact on the market has been carefully
studied, following which the report provides the key developments post the
coronavirus disease outbreak.
Prominent Contenders
Prominent contenders
recognized by MRFR experts include Sony Corporation (Japan), Coherent, Inc.
(US), Cognex Corporation (US), Basler AG (Germany), National Instruments (US),
Robotic Vision Technologies, Inc. (US), OMRON Corporation (Japan), Hermary Opto
Electronics Inc. (Canada), Keyence Corporation (Japan), Canon Inc. (Japan), and
more.
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COVID-19 Analysis
The worldwide manufacturing
supply chain networks are working on reorganizing to supply essential goods to
address the situation induced by novel coronavirus. Automation has emerged as
one of the most valuable aspects of the Industry 4.0 in the face of the
pandemic. COVID-19 outbreak has led to experts believing that the machine
vision technology can be an important tool when trying to find a COVID-19
breakthrough, for instance in automated lab systems for vaccine processing as
well as testing. 3D machine vision technology is also being used in various
camera based inspection systems of medical and pharmaceuticals products and in
thermal imaging for controlling the body temperature in public places; among
others.
Key Drivers and Primary Deterrents
3D machine vision
technology is observing high demand in industrial operations and is expected to
completely replace manual inspections and measurements. The rising need for
reliable and efficient inspection and measurements boosts the demand for the
technology across a number of industries such as textiles, pharmaceuticals and
more.
The rapidly mounting
requirement for vision-guided robotic systems in food & beverage,
pharmaceutical & chemical, packaging and automotive industries is deemed to
be a key growth booster in the market. The escalating demand for the 3D machine
vision technology that is application-oriented also works in favor of the
worldwide market.
Market Segmentation
The 3D Machine Vision Market has been
considered for segments like component, product, application as well as
vertical.
The main components
included in the study are hardware (Communication Device, Control Cabinet,
Camera, and others) as well as software. In 2018, the lead was taken by the
hardware segment, while the fastest growth rate can be procured by the software
segment in the years ahead.
The product-wise market categories
are smart camera-based as well as PC based. In 2018, the PC-based segment held
the highest share in the market and was valued at USD 704.30 million, while the
smart camera-based segment is anticipated to gain at the fastest rate during
the review timeframe.
The applications considered
in the report include gauging, inspection, identification and guidance. In the
year 2018, the inspection segment dominated the market, whereas the gauging
segment stood second. The sane year, it was estimated that the identification
segment can attain the highest CAGR in the following years.
The verticals that use
vision systems are food and packaging, semiconductor, automotive, healthcare,
consumer electronics, and more. In 2018, the automotive segment recorded the
highest growth and the consumer electronics section held the second highest
value in the global market. However, it is expected that the food and packaging
segment can post the fastest CAGR over the next few years.
Impact of COVID-19 on the Global 3D Machine
Vision Market at: https://www.marketresearchfuture.com/report/covid-19-impact-3d-machine-vision-market
Regional Insight
The report throws light on
the machine vision diagram and the growth prospects across the regions of Asia
Pacific or APAC, Europe, North America, and RoW/the rest of the world.
APAC can manifest into the
most profitable market for 3D machine vision systems, resulting from the high concentration
of renowned firms and the massive advancements in automation. Increasing
penetration of automation in multiple industries, especially in consumer
electronics and automotive has played a significant role in the market
development across the region. With some of the most widely recognized players
present in China, South Korea and Japan, the 3D machine vision market in APAC
is bound to generate high revenues in the years ahead.
North America is
technically more successful compared to its counterparts, with strong support
from global companies and economically sound countries like Canada and the
United States/US. The frequent technology-based innovations along with the
heavy expenditure on research and development for building advanced manufacturing
processes induce business growth in the region. The accelerated deployment rate
of robotics across various industries adds to the region’s growth potential as
well.
Latest News
2 June 2020: Berkshire
Grey, an AI and robotics vendor has made available its Robotic Induction
Station solutions, which is based on the machine vision technology. The RIS
system helps automate various operational tasks to avoid labor constraints,
which can facilitate social distancing in distribution operations, and lead to
optimum use of the existing material handling assets.
Get Complete Report Details at: https://www.marketresearchfuture.com/reports/3d-machine-vision-market-1538
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