India 3d Machine Vision Market Size & Outlook, 2023-2030
India 3d machine vision market, 2017-2030 (US$M)
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India 3d machine vision market highlights
- The India 3d machine vision market generated a revenue of USD 198.4 million in 2023 and is expected to reach USD 545.3 million by 2030.
- The India market is expected to grow at a CAGR of 15.5% 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 198.4 million |
| Market revenue in 2030 | USD 545.3 million |
| Growth rate | 15.5% (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, India accounted for 3.1% 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 Asia Pacific, Japan 3d machine vision market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,506.5 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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India 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 72.08% in 2023. Horizon Databook has segmented the India 3d machine vision market based on hardware, software covering the revenue growth of each sub-segment from 2017 to 2030.
3D machine vision is being widely adopted in Indian key industries such as automotive, electronics, food & beverage, and pharmaceutical. Indian companies are increasingly adopting automation to improve efficiency and reduce costs.
3D machine vision is a key enabler of automation, as it can be used to guide robots and other automated systems. Several startups in India are developing 3D machine vision solutions that are tailored to the needs of Indian manufacturers.
For instance, in October 2023, Tech Mahindra introduced a generative AI-powered solution that assists businesses in scaling AI by streamlining and expediting the development of Vision AI use cases.
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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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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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Horizon Databook provides a detailed overview of country-level data and insights on the India 3d machine vision market , including forecasts for subscribers. This country databook contains high-level insights into India 3d machine vision market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India 3d machine vision market size, by offering, 2017-2030 (US$M)
India 3D Machine Vision Market Outlook Share, 2023 & 2030 (US$M)
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