3D Machine Vision Market : A Well-Defined Technological Growth Map With An Impact-Analysis - PowerPoint PPT Presentation

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3D Machine Vision Market : A Well-Defined Technological Growth Map With An Impact-Analysis

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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 rising awareness of consumers about product quality has led to an increased demand for quality inspection and automation of end products. A growing number of companies are focusing on automation systems to reduce their production costs post-COVID-19 But due to the lockdown across countries, companies are facing severe cash flow issues and are deferring new projects related to the implementation of 3D machine vision in their factories. – PowerPoint PPT presentation

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Title: 3D Machine Vision Market : A Well-Defined Technological Growth Map With An Impact-Analysis


1
MarketsandMarkets Presents

3D Machine Vision Market A Well-Defined
Technological Growth Map With An
Impact-Analysis 3D Machine Vision Market with
COVID-19 impact Analysis by Offering (Hardware
and Software), Product (PC-based and Smart
Camera-based), Application, Vertical (Industrial
and Non-Industrial) Geography - Global Forecast
till 2025 https//www.marketsandmarkets.com/Marke
t-Reports/3d-machine-vision-market-4125387.html
2
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 rising
awareness of consumers about product quality has
led to an increased demand for quality inspection
and automation of end products. A growing number
of companies are focusing on automation systems
to reduce their production costs post-COVID-19
But due to the lockdown across countries,
companies are facing severe cash flow issues and
are deferring new projects related to the
implementation of 3D machine vision in their
factories.   Browse 181 market data Tables
and 84 Figures spread through 243 Pages and
in-depth TOC on "3D Machine Vision Market with
COVID-19 impact Analysis - Global Forecast till
2025."
3
Cameras expected to lead hardware segment for 3D
machine vision market The 3D machine vision
market for hardware is expected to hold the
largest share during the forecast period. The
cameras segment in hardware is projected to grow
at the highest CAGR from 2020 to 2025. Cameras in
machine vision systems play an important role in
capturing 3D images. The high demand for
high-quality images and quick image processing is
fueling the growth of the cameras segment of the
market. The smart camera-based machine vision
system is expected to grow at a faster rate
during the forecast period as smart camera-based
machine vision systems are cost-effective,
compact, and flexible since it is easier to
implement changes in these systems based on
revised regulations and standards. In addition,
with the advancements in smart camera technology
and IoT, which can be easily be integrated with
smart cameras, and the penetration of the smart
camera-based machine vision systems is likely to
increase in the next few years. Ask PDF
Brochure https//www.marketsandmarkets.com/pdfdow
nloadNew.asp?id4125387
4
Positioning Guidance to hold the highest share
among Smart Camera-based applications in the 3D
machine vision market during the forecast
period The smart camera-based systems segment of
the 3D machine vision market for positioning
guidance is expected to grow at the highest CAGR
as well as will hold the largest share from 2020
to 2025. This is because the smart camera-based
3D machine vision systems are mostly preferred by
manufacturers for flexible robotic vision
inspections for processor development and the
round-the-clock operations. The automotive
industry increasingly depends on robotic vision
inspection technology. Request Free Sample
Pages https//www.marketsandmarkets.com/requestsa
mpleNew.asp?id4125387 Food beverages in
industrial vertical to grow at the fastest rate
in the 3D machine vision market during the
forecast period The 3D machine vision market for
food beverages is projected to grow at the
highest CAGR during the forecast period. This
growth can be attributed to the use of 3D machine
vision in the food industry as several companies
use 3D machine vision systems for
application-specific solutions in the areas of
grading, sorting, portioning, processing, quality
checking during processing, and packaging. The
market is also expected to witness stable growth
during the COVID-19 crisis owing to the
increasing global demand for food and beverages.
Also, the growing food production capacity and
the increasing automation in the food industry in
APAC are fueling the growth of the market for
food beverages in APAC.
5
Postal Logistics to hold the largest market in
the non-industrial vertical for 3D machine vision
market during the forecast period The 3D machine
vision market for postal and logistics will hold
the largest market share in the non-industrial
vertical during the forecast period. 3D machine
vision-based autonomous navigation
(self-localization, obstacle detection, docking)
helps in providing the required flexibility and
free-navigation capability in crowded
environments, for inter-cell transportation
logistics services. However the outbreak and
spread of COVID-19 have impacted the postal and
logistics activities as most of these services
remained shut across the world. APAC held the
largest market share in the 3D machine vision
market between 2020 and 2025 The 3D 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. Also, strong competition among
consumer electronics companies in APAC is likely
to boost the adoption of machine vision systems
in the region. The growing awareness about and
demand for high-quality and zero-defect products
has fueled the need for 3D machine vision in
inspection-related applications in the
manufacturing fields.
6
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7
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