1. Market Research
  2. > Robotics Market Trends
3D Machine Vision Market with COVID-19 impact Analysis by Offering, Product, Application, Vertical & Geography - Global Forecast till 2025

3D Machine Vision Market with COVID-19 impact Analysis by Offering, Product, Application, Vertical & Geography - Global Forecast till 2025

  • July 2020
  • 234 pages
  • ID: 4794252
  • Format: PDF
  • MarketsandMarkets

Summary

Table of Contents

Search Inside



Hardware expected to hold the largest share in the 3D machine vision market

The 3D machine vision market was valued at USD 1.5 billion in 2020 and is projected to reach
USD 2.4 billion by 2025; it is expected to grow at a CAGR of 9.4% from 2020 to 2025.The hardware segment of the market it is expected to hold the largest share from 2020 to 2025. The 3D machine vision systems are gaining significant traction worldwide, owing to the less chances of quality errors and easy availability of comprehensive software solutions required for developing and deploying 3D machine vision systems.

Software machine vision is expected to grow at a faster rate during the forecast period
The integration of AI in industrial machine vision software is expected to fuel the growth of the industrial 3D machine vision market for software during the forecasted period as deep learning enables machines to recognize objects. Also, deep learning-based machine vision software helps in minimizing human intervention and provide a real-time solution by distinguishing the acceptable variations in products and the defects in manufacturing industries.

The smart camera-based systems is projected to grow at the highest CAGR from 2020 to 2025.
The growth of the measurement segment can be attributed to the increased use of smart camera-based 3D machine vision systems for integrating programmable automation controllers with human-machine interfaces.A smart camera-based system comprises sensors, processors, camera-to-computer interfaces, and lenses.

In other words, in a smart camera, all the components, from the camera to processors and input-output devices, are embedded in a small box.These systems are specially made to replace PC systems that rely on separate cameras, frame grabbers, and software components, among others.

These systems consist of an embedded controller with integrated vision software, which is directly connected to one or more cameras that may vary in image resolution and size and imaging rates.

Quality assurance and inspection to hold the largest market share in the 3D machine vision market during the forecast period
The key factors driving the growth of the industrial machine vision market for quality assurance and inspection applications include the increasing demand for quality products, growing manufacturing capacity, and shortage of skilled labor. 3D Machine vision systems are also used for inspection and quality assurance of automotive components such as brake disks, height of the windshield, doors, and windows. In the semiconductor industry, 3D machine vision is used for inspecting the lead quality in leaded IC packages.

Food and beverages industry to grow at the fastest rate in the 3D machine vision market during the forecast period
The growth of this segment can be attributed to the increased use of 3D machine vision systems for checking the quality and dimensions of food; for instance, 3D machine vision systems are used to monitor the height of cookies on an assembly line.The food industry is highly labor-intensive.

Labor cost is approximately 50% of the product cost, and most of it is repetitive work.This leads to poor quality control and accidents.

If the labor cost is reduced by 3D automation by using machine vision systems, the overall cost is likely to be reduced, including labor and medical costs. The post-COVID-19 scenario is expected to witness high demand for automation in the food industry to ensure minimum human intervention during the manufacturing and the processing of food items.

APAC held the largest market share in the 3D machine vision market between 2020 and 2025
The machine vision market in APAC is expected to hold a major market share during the forecast period as countries in APAC such as China, Japan, India, and South Korea have some of the largest manufacturing facilities wherein automation of manufacturing processes has been taken as the highest priority.The decrease in the number of COVID-19 patients in China is slowly leading to normal manufacturing activities in the country.

This, in turn, is expected to drive the growth of the machine vision market in APAC, but it is expected that this growth will not be as significant as it would have been in the pre-COVID-19 era.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in computational photography marketspace. The break-up of primary participants for the report has been shown below:
• By Company Type: Tier 1 = 20%, Tier 2 = 55%, and Tier 3 = 25%
• By Designation: C-Level Executives =75% and Manager = 25%
• By Region: North America = 60%, Europe = 20%, APAC = 10%, and RoW = 10%

The key players in the ecosystem of the 3D machine vision market profiled in this report are OMRON Corporation (Japan), Keyence Corporation (Japan), Cognex Corporation (US), Basler AG (Germany), National Instruments (US), ISRA Vision AG (Germany), TKH group (Netherlands), Stemmer Imaging (Germany), MVTec Software GmbH (Germany), and Tordivel AS (Norway).

Research Coverage:
This research report categorizes the global 3D machine vision based on offering, product, application, industrial & non-industrial verticals, and geography. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the machine vision market and forecasts the same till 2025.

Key Benefits of Buying the Report

The report would help leaders/new entrants in this market in the following ways:
1. This report segments the machine vision market comprehensively and provides the closest market size projection for all subsegments across different regions.
2. The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth.
3. This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes product launches, acquisition, and partnership, and agreements.
4. This report would help understand the pre and post-COVID-19 scenarios as to how would the penetration of machine vision will look like for the forecast period. The region segment includes the country wise impact analysis of COVID-19 and initiatives taken to overcome these impacts.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2020

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on