The increasing in demand for better quality imaging across different sectors is expected to underpin the expansion of the global 3D machine vision market, reveals Market Research Future (MRFR). The worldwide 3D machine vision market 2020 is expected to thrive on the ease of availability of modern technologies that can contribute to the upgradation of imaging solutions. MRFR findings reveals that between 2018 and 2024, the global market of 3D machine vision is expected to expand at 13% CAGR. Techniques, such as stereo vision, 3D triangulation, and point clouds involved in 3D machine vision market help in achieving functions, such as automatic sensing, receive and interpret real scene images to gather insights, and control processes. Thus, it is likely to be responsible for the hike in the market value from USD 1300.3 million in 2018 to an estimated value of USD 2626.5 million by 2024.

Segmental Outline

Inspection, guidance, gauging, and identification are application-based segments of the market. The growing need for inspections, in case of construction and others, is likely to cause expansion of the market in years to come. In addition, the rise in need to incorporate features, such as guidance, identification, and gauging in robots is another factor that can cause increase in traction.

Automotive, consumer electronics, semiconductor, food and packaging, healthcare, and others are end-user-based segments of the global 3D Machine Vision Market Size. The growing inclination for automation and need to cut-down labor expenses and expatiate work, across different sectors are factors that are likely to impel the global 3D machine vision market growth in the assessment period.

Key Players

Canon Inc. (Japan), OMRON Corporation (Japan), National Instruments (US), Cognex Corporation (US), Robotic Vision Technologies, Inc. (US), Keyence Corporation (Japan), Coherent, Inc. (US), Sony Corporation (Japan), Basler AG (Germany), and Hermary Opto Electronics Inc. (Canada) are companies operating in the global 3D machine vision market identified by the MRFR. New entrants in the market and new product launch lined up by renowned companies, such as Canon Inc., are factors that are expected to surge the global 3D machine vision market. Deals, strategic partnerships, and mergers and acquisitions among key players are also likely to benefit the market in the assessment period.

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