Latin America 3d Machine Vision Market Size & Outlook
Latin America 3d machine vision market, 2017-2030 (US$M)
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Latin America 3d machine vision market highlights
- The Latin America 3d machine vision market generated a revenue of USD 320.0 million in 2023.
- The market is expected to grow at a CAGR of 13% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 320.0 million |
| Market revenue in 2030 | USD 754.0 million |
| Growth rate | 13% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 5.0% of the global 3d machine vision market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 7,144.1 million by 2030.
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3D Machine Vision Market Scope
3D Machine Vision Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 71.19% in 2023. Horizon Databook has segmented the Latin America 3d machine vision market based on hardware, software covering the revenue growth of each sub-segment from 2017 to 2030.
3D machine vision technology is driving significant trends across South America owing to its versatility and impact across various sectors. In countries such as Brazil, Argentina, and Chile, 3D machine vision finds applications in agriculture, aiding farmers in optimizing crop yields and effectively detecting plant diseases.
Moreover, it plays a pivotal role in industries such as manufacturing, automotive, and mining, where it elevates quality control, streamlines production processes, and ensures workplace safety.
The adoption of this technology in logistics and warehousing is also increasing, enhancing the efficiency of goods distribution and transportation.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America 3d machine vision market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America 3d machine vision market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America 3d machine vision market size, by country, 2017-2030 (US$M)
Latin America 3D Machine Vision Market Outlook Share, 2023 & 2030 (US$M)
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