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3D Machine Vision Market is Expected to Grow at A CAGR of 10.53%

The 3D machine vision market is expected to grow at a CAGR of 10.53% during the forecast period between 2015 and 2020. The major reason for the growth in 3D machine vision technology is due to its growing applications in the automotive and electronics industries. The recent advancements in 3D machine vision technology, such as smart cameras and various imaging technologies, have widened the scope of the 3D machine vision in the industrial and non-industrial sectors.

PC-based 3D machine vision system still holds the largest share
PC-based systems still dominate the market since they are preferred for complex inspection tasks or when more cameras are required for the inspection task. The PC-based system provides higher processing power than embedded smart camera processors. However, due to the decreasing cost and increasing efficiency, the market for smart cameras-based 3D machine vision systems is expected to grow at a higher CAGR than PC-based 3D machine vision systems.

APAC would be the fastest-growing market
This report covers the said market in regions including North America, Europe, Asia-Pacific, and Rest of the World (RoW). The market in APAC is expected to grow at a high CAGR between 2015 and 2020. The high adoption rate of new technology, decrease in manual inspection of goods, and growing awareness for production of high-quality products are some of the important factors that have contributed to the growth of the 3D machine vision market in the APAC region.

Breakdown of profiles of primary participants:
• By Company Type: Tier 1 – 30%, Tier 2 – 25%, and Tier 3 – 45%
• By Designation: C-level – 38%, Director level – 28%, and Others – 34%
• By Region: North America – 48%, APAC – 28%, Europe – 19%, and RoW – 5%

The key players in the ecosystem of the 3D machine vision market profiled in this report are 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.)

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