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(Wireless-NewsWire.Com, October 05, 2018 ) The global 3D Machine Vision market generated USD 1.6 billion in 2017 and is anticipated to grow at a CAGR of than 12.3% during the forecast period.
3D machine vision is the use of technologies for three-dimensional measurement and inspection of 3D objects or surfaces. 3D machine vision uses different methods such as laser profiling, stereo imaging, fringe projection, and time of flight among others. 3D machine vision is used for various applications such as robotic guidance and automation, quality control & inspection, and mapping. This technology is widely used across industries such as manufacturing, food and beverage, automotive, aerospace, and electronics among others.
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There has been an increasing demand for 3D machine vision owing to increasing automation of processes in various industries. Organizations are significantly investing in 3D machine vision to improve efficiency, product quality, and reduce human errors, thereby supporting the 3D machine vision market growth. The increasing implementation of 3D machine vision systems in automotive and manufacturing sectors further boosts the market growth. The rising demand from the healthcare sector, growing adoption of plug and play 3D machine vision systems, and technological advancements support the growth of the 3D machine vision market.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global 3D Machine Vision Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
Asia-Pacific generated the highest revenue in 2017 owing to increasing need of automation in diverse industries such as automotive, aerospace, electronics and healthcare in the region. The increasing need to improve product quality and work efficiency, along with technological advancements and have increased the adoption of 3D Machine Vision in the region.
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Competitive Landscape and Key Vendors
The global 3D machine vision market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
The companies operating 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.
Key Segments
Component
• Hardware
• Software
• Services
Technology
• Smart Camera-Based Systems
• PC-Based Systems
End-User
• Automotive
• Healthcare
• Aerospace and Defense
• Food and Beverage
• Electronics and Semiconductors
• Transportation
• Wood and Paper
• Others
Application
• Mapping
• Robotic Guidance and Automation
• Quality Control & Inspection
• Others
Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Latin America
o Brazil
o Rest of Latin America
Middle East and Africa.
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