3D Machine Vision Market is expected to reach 1.63 Billion USD by 2020

The report "3D Machine Vision Market by Component (Camera, Frame grabber, Software), Product (PC-based and Smart Camera-based) Application, Vertical (Automotive, Consumer Electronics, Postal & Logistics, ITS) and Geography - Global Forecast to 2020", is expected to be worth USD 1.63 Billion by 2020, growing at an estimated CAGR of 10.53% between 2015 and 2020.

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Camera component segment would to lead the 3D machine vision market

The camera component market is expected to grow at a CAGR of 11.50% between 2015 and 2020. A camera plays an important role in capturing the 3D images in the 3D machine vision system. The demand for high-quality images, high image processing speed, and compactness has led the need for advanced cameras. Thus, cameras hold the largest market size, in terms of value, in 3D machine vision.

The market for positioning and guidance application would grow at the highest CAGR between 2015 and 2020

The market for the positioning and guidance application is expected to grow at a CAGR of 13.18% between 2015 and 2020. The market for positioning and guidance applications using 3D machine vision systems is expected to grow at a faster rate due to an increase in use of robotics in automotive, pharmacy, food and beverage and other sectors during the forecast period.

APAC would hold the largest market share and grow at a high CAGR during forecast period

The 3D machine vision market in APAC accounted for the largest share of ~42% in 2014 and is expected to grow at a high CAGR of 12.07% between 2015 and 2020. The reason for this growth is increasing electronic and automotive manufacturing activity; rising demand for automation is driving the 3D machine vision market in the APAC region. Thus, increase in manufacturing activities combined with the region’s emergence as a cost-effective production hub is expected to drive the 3D machine vision market in this region.

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The key players in the ecosystem of the 3D machine vision market profiled in this report include Keyence Corporation (Japan), Cognex Corporation (U.S.), ISRA Vision AG (Germany), Sick AG (Germany),Stemmer Imaging (Germany), National Instruments (U.S.), Hermary Opto Electronics Inc. (Canada), MVTec Software GmbH (Germany), Tordivel AS (Norway), Canon U.S.A. Inc. (U.S.), and Texas Instruments (U.S.) .

This research report categorizes the global 3D machine vision market based on component, product, application, vertical, and region. This report describes the drivers, restraints, opportunities, and challenges with respect to the 3D machine vision market. The Porter’s five forces analysis has been included in the report with a description of each of the forces and their respective impact on the 3D machine vision market.

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