Canada 3d Machine Vision Market Size & Outlook, 2023-2030
Canada 3d machine vision market, 2017-2030 (US$M)
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Canada 3d machine vision market highlights
- The Canada 3d machine vision market generated a revenue of USD 315.0 million in 2023 and is expected to reach USD 686.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 11.8% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating offering in 2023.
- Hardware is the most lucrative offering segment registering the fastest growth during the forecast period.
3d machine vision market data book summary
| Market revenue in 2023 | USD 315.0 million |
| Market revenue in 2030 | USD 686.5 million |
| Growth rate | 11.8% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software |
| Key market players worldwide | Cognex Corp, Keyence Corp, ISRA VISION, Basler AG, SICK, Inc |
Other key industry trends
- In terms of revenue, Canada accounted for 4.9% of the global 3d machine vision market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. 3d machine vision market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 2,075.2 million by 2030.
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3D Machine Vision Market Scope
3D Machine Vision Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 3d machine vision market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to 3d machine vision market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 74.48% in 2023. Horizon Databook has segmented the Canada 3d machine vision market based on hardware, software covering the revenue growth of each sub-segment from 2017 to 2030.
The growth of the Canadian 3D machine vision market can be attributed to factors such as rising demand for automation, increasing government investments, and the need for high-quality standards in industrial applications.
The manufacturing industry faces challenges such as an aging workforce and a shortage of skilled workers. 3D machine vision helps manufacturers overcome such challenges by automating processes and boosting productivity.
For instance, Numetrix, a Canadian software solution provider, developed an AI Software Platform, delivering the fastest and most accurate real-time 3D vision system for industrial applications. The Numetrix Studio AI Software Platform allows for full customization and editing of user interfaces and AI machine vision algorithms.
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Target buyers of Canada 3d machine vision market databook
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Our clientele includes a mix of 3d machine vision market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada 3d machine vision market , including forecasts for subscribers. This country databook contains high-level insights into Canada 3d machine vision market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada 3d machine vision market size, by offering, 2017-2030 (US$M)
Canada 3D Machine Vision Market Outlook Share, 2023 & 2030 (US$M)
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