Singapore 3d Machine Vision Market Size & Outlook
Singapore 3d machine vision market, 2017-2030 (US$M)
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Singapore 3d machine vision market highlights
- The Singapore 3d machine vision market generated a revenue of USD 271.3 million in 2023 and is expected to reach USD 711.7 million by 2030.
- The Singapore market is expected to grow at a CAGR of 14.8% 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 271.3 million |
| Market revenue in 2030 | USD 711.7 million |
| Growth rate | 14.8% (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, Singapore accounted for 4.2% 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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Singapore 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 73.28% in 2023. Horizon Databook has segmented the Singapore 3d machine vision market based on hardware, software covering the revenue growth of each sub-segment from 2017 to 2030.
Singapore is focusing on smart manufacturing and innovation, and 3D machine vision is a key enabler of these initiatives. Singapore's robust manufacturing industry has seamlessly integrated 3D machine vision for applications such as quality control, process automation, and precise measurements, in alignment with the nation's esteemed reputation for upholding high-quality standards.
In the automotive sector, 3D machine vision technology is strategically employed for critical functions, including defect detection, assembly verification, and the overall enhancement of product quality.
Singapore is also making significant strides in the areas of robotics and automation, where 3D machine vision technology plays a pivotal role in elevating the navigational and interaction capabilities of robots, particularly in advanced manufacturing and intricate logistics operations.
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Target buyers of Singapore 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 Singapore 3d machine vision market , including forecasts for subscribers. This country databook contains high-level insights into Singapore 3d machine vision market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Singapore 3d machine vision market size, by offering, 2017-2030 (US$M)
Singapore 3D Machine Vision Market Outlook Share, 2023 & 2030 (US$M)
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