3D Machine Vision Market 2021 Industry Outlook, Current Status, Supply-Demand, Growth Opportunities and Top Players Analysis 2030

In a recently published report, 3D Machine Vision Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for 3D Machine Vision Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.

Global 3D Machine Vision Market is valued approximately USD 1.5 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 10% over the forecast period 2020-2027. Machine Vision or MV is a technology used to deliver imaging based automatic analysis and inspection with utilization in robot guidance, process control and automatic inspection. The 3D machine vision integrates multiple point clouds from numerous scanners. The system comprises a variety of techniques including point clouds, 3D triangulation, stereo vision.. These techniques offer functions such as automatic sensing, receiving and interpreting an image of a real scene. The system also comprises multiple cameras and laser displacement sensors. The escalating demand for high product quality propels the adoption of 3D machine vision systems.

Further, growing focus of companies on automation systems which aid in reducing production costs also fuel the implementation of 3D machine vision in manufacturing facilities. Thus, a rapid growth in the use of industrial robots for automation specially in automotive and consumer electronics sector drives the market growth. For Instance: As per International Federation of Robotics, the global operational Stock of Industrial Robots increased from 1635, thousand in 2015 to 1826 thousand in 2016 and by 15% to 2098 thousand in 2017. Also, the adoption of industrial robots in Electronics sector grew by 33% from 91,000 to 121 thousand between 2016 to 2017. While the adoption of robots in Automotive sector Increased by 22% from 103 ,000 to 126,000 in the same period. These visions guided robots are connected with 3D machine vision systems automating the product analysis process. However, lack of awareness and skilled professionals impedes the growth of the market over the forecast period of 2020-2027.

The regional analysis of global 3D Machine Vision market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to the presence of large number of manufacturing facilities in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising disposable income, rising focus on automation would create lucrative growth prospects for the 3D Machine Vision market across Asia-Pacific region.

Major market player included in this report are:
Omron Corporation
Cognex Corporation
Basler AG
Keyence Corporation
National Instruments
TKH Group N.V.
Sony Corporation
ISRA Vision A.G
Stemmer Imaging A.G
Intel Corporation

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Offering:
Hardware
Software

By Product:
PC-based
Smart Camera-based

By Application:
Quality assurance and inspection
Positioning and guidance
Measurement
Identification

By Vertical:
Industrial
Non-Industrial

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global 3D Machine Vision Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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