3D Machine Vision Market Size To Reach $15.6 Billion By 2030

3D Machine Vision Market Growth & Trends

The global 3D machine vision market size is expected to reach USD 15.6 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 13.9% from 2024 to 2030. The ability of 3D machine vision systems to process a large amount of information in a fraction of seconds is a major factor driving the market growth. The quick processing ability of 3D machine vision systems is paving the way for manufacturers to achieve new milestones in manufacturing products with negligible defects. Moreover, the increasing adoption of robots across industrial sectors is leading toward the application of vision-guided robotic systems. Industrial verticals, such as automotive, pharmaceutical, packaging, and food and beverage, are prominent sectors where robotic systems are used, eventually fueling the demand for machine vision systems.

The 3D machine vision technology encompasses various components in order to capture images of products to analyze them depending on different parameters of quality and safety. The technology is a combination of software and hardware that provides operational control to devices to execute functions such as capturing and processing of images and measuring various characteristics required for decision making. Major components of the system comprise lighting, lens, image sensors, vision processing, and communication devices. 3D Machine vision systems assist in resolving complicated industrial tasks with reliability.

Industrial machine vision systems are usually more robust and demand high reliability, stability, and accuracy as compared to those used in institutional or educational applications. They cost lesser than systems used in military, aerospace, defense, and government applications. These factors are expected to lead to greater adaptability of the technology in industrial sectors. In addition, the robotic vision systems used across the industries are also leading to the increasing adoption of the technology, thereby strengthening the overall market.

The Asia Pacific region held the largest market share in 2022, which can be attributed to ample opportunities offered on account of large manufacturing practices carried out in the region. Countries such as China, Japan, South Korea, and India are considered to be potential markets for upcoming technologies, including machine vision. The region’s huge industrial expansion has been contributing to the prosperity and development of various innovations and the adoption of different technologies significantly.

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3D Machine Vision Market Report Highlights

• The identification application segment is anticipated to exhibit the fastest growth rate over the forecast period followed by positioning and guidance applications

• In 2023, the PC-based product segment held the biggest market share, and it is anticipated that it would maintain its dominance throughout the forecast period

• The industry is expected to witness substantial growth in the Asia Pacific region over the next decade. This growth is witnessed in the wake of ample opportunities offered due to the presence of large manufacturing hubs in prominent countries (across the food and packaging, automotive, pharmaceutical, industrial, and consumer electronic sectors) such as China and Japan

• The food and beverage industry is expected to witness the highest CAGR over the forecast period

3D Machine Vision Market Segmentation

Grand View Research has segmented the global 3D machine vision market based on offering, product, application, end-use, and region:

3D Machine Vision Offering Outlook (Revenue, USD Billion, 2017 - 2030)

• Hardware

  • Camera

  • Frame Grabber

  • Optics

  • LED Lighting

  • Processor

• Software

  • Application Specific

  • Deep Learning Software

3D Machine Vision Product Outlook (Revenue, USD Billion, 2017 - 2030)

• PC Based

• Smart Camera Based

3D Machine Vision Application Outlook (Revenue, USD Billion, 2017 - 2030)

• Quality Assurance and Inspection

• Positioning and Guidance

• Measurement

• Identification

3D Machine Vision End-use Outlook (Revenue, USD Billion, 2017 - 2030)

• Automotive

• Pharmaceuticals & Chemicals

• Electronics & Semiconductor

• Pulp & Paper

• Printing & Labeling

• Food & Beverage (Packaging and Bottling)

• Glass & Metal

• Postal & Logistics

• Others

3D Machine Vision Regional Outlook (Revenue, USD Billion, 2017 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • U.K.

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Singapore

• South America

  • Brazil

• Middle East and Africa (MEA)

List of Key Players in 3D Machine Vision Market

• Cognex Corporation

• Keyence Corporation

• Sick AG

• ISRA Vision AG

• Basler AG.