3D Machine Vision Market 2020 – Impact of COVID-19, Future Growth Analysis and Challenges

Global 3D Machine Vision Market

Global 3D Machine Vision Market was valued at USD 1350. 45 million in 2018 which is expected to reach USD 2785.22 million at a CAGR 12.42%.

The 3 Dimension machine vision systems comprise a various technique such as point clouds, stereo vision, and 3D triangulation, which enables automatic sensing, receiving and interpreting an image of real scene to obtain information and processes.

Rise in demand for quality inspection and automation in various sectors including Postal & Logistics, Glass & Metal, Food & Beverage, Printing & Labeling, and Pulp & Paper  is the key driving factor which is expected to boost the global 3D machine vision market growth. Furthermore increase in technological advancements will have the positive impact on market growth. For instance, in September 2017, Soliton had launched its new 4th generation machine vision and IoT smart camera which named as NUERA.  The NUERA is capable of on board processing along with Gig E/WiFi/4G. Moreover, adoption of IoT (Internet of Things) which is expected to boost the global 3D machine vision market growth.

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However, lack of awareness regaining 3D machine vision in developing economies is the major restraining factor which is expected to hamper the global 3D machine vision market growth. Also, lack of skilled professionals will affect the market growth.

The better understanding of the market demands a better handling of macroeconomic and microeconomic factors that are expected to mark the progress. These factors, if guided well, can helm the market to prosperity by wading through rough waters, all the while, keeping plummeting curves at bay. With real-time data, the market report is expected to provide a clear picture of the demographic possibilities that would assist market key players in assessing growth opportunities and significantly establishing different parameters which influence the market in near future.

However, the 3D Machine Vision Market is fragmented and it is a tough competition that is going on due to the presence of several established names vying for the top position. The market is also influenced by ingress of new entrants who are posing challenges to established names with tactical moves like product innovation and new product series the 3D Machine Vision market report is also keeping focus on the geographical locations to understand demographical features.

Market Key Players

Various key players are discussed in this report such as  LMI Technologies, Stemmer Imaging, Tordivel As, Mvtec Software GmbH,  Sick AG,  Basler AG, Isra Vision AG, National Instruments Corporation,and Keyence Corporation

Market Taxonomy

By Product

  • Smart Camera Based
  • PC Based

By Offering

  • Hardware
  • Software

By Application

  • Identification
  • Measurement
  • Positioning & Guidance
  • Quality Assurance & Inspection

By End Use

  • Postal & Logistics
  • Glass & Metal
  • Food & Beverage
  • Printing & Labeling
  • Pulp & Paper
  • Electronics & Semiconductor
  • Pharmaceuticals & Chemicals
  • Automotive

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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