3D Machine Vision Market Insights - 2030
Consumers are highly aware and concerned about product quality, which, in turn, has increased the need for automation for the inspection of the quality of these products. With an increase in advancements and the need for new technology, attempts are being made to make expensive technology cheaper. 3D machine vision is a technology used for three-dimension measurements or inspection of 3D objects or surfaces. This is achieved in different ways, laser profiling, stereo imaging, fringe projection, time of flight. 3D machine vision market has various applications in different roles and industries. Some of these industries where this technology is used are automotive, electronics and semiconductors, food & beverages, healthcare application, intelligent transportation system, security & surveillance, military & defense.
Moreover, for error reduction and minimizing losses occurred in the manufacturing of the product, many industries have started adopting automation technology. Using a system of instruction or programs and minimum human intervention, repetitive sets of processes are performed by machines using automation. 3D machine visions are also used to ensure that the products are free of critical defects, misaligned parts, or missing components. Due to the rapid adoption of automation globally, the 3D machine vision market is expected to grow during the projected period.
Impact of COVID-19 on 3D Machine Vision Market
- The emergence of COVID 19 has a great impact on 3D machine vision market in not only countries but also in different industries across the world. Furthermore, lockdown and restrictions have forced people to work from home.
- The manufacturing industry was one of the most affected industries by COVID-19. Due to lockdowns and restrictions in movement of goods, the 3D machine vision market experienced a sudden and severe fall in the demand and supply stock.
- However, this factor did now affect the machine and automation industry. Automation acts as a great substitute for working capital. During the COVID-19 pandemic, the need for the development and implementation of automation technology increased.
- Furthermore, robotics and smart technologies were used to diagnose COVID-19 without contact, contact tracking, disease surveillance, and also disinfect contaminated areas such as the hospital.
Top Impacting Factors: Market Scenario Analysis, Trends, and Drivers
Advancements in technology and reduction in the cost of 3D imaging systems have increased the adoption and development of 3D machine vision. Improving quality and reducing the cost during production are factors that drive 3D machine vision market growth. This system is used for inspection, measurements, verifying the assembly, and errors in the product, thereby increasing the quality and reducing the loss during the production process of any product. Moreover, another driving factor is that it increases productivity. It helps the manufacturing company to deliver products to more and more customers. The repetitive task, which was previously performed by the humans are now executed by the 3D machine vision system.
The 3D machine vision market has a broad range of industrial applications. Manufacturers have started using embedded vision techniques in products such as driverless vehicles, autonomous drones, and smartphones.
Another trend that can be witnessed is the use of SWIR cameras. SWIR stands for short-wave-infrared technique, which helps in the production of images of radiation in the region of the electromagnetic spectrum invisible to the naked eye. A key application of SWIR imaging is solar cell inspection, enhance vision assistance in misty conditions, small animal imaging, and spectroscopy. However, there are many advantages of 3D machine vision market, but there are also some challenges. As the industry undergoes a gradual transition from product standardization to product customization, the importance of 3D manufacturing systems is expected to grow in the manufacturing sector.
Furthermore, factors such as rising demand in the automotive industry and traffic safety, increasing demand for bar code scanning, growing focus of manufacturing companies on cost, and time-saving, are some of the major market trends. To improve their manufacturing processes and remain in the competitive market, companies in the industry vertical are rapidly opting for automation. The application-based machine vision demand is rising in the 3D machine vision market.
However, as people's needs grow more and more in the world, the product life cycle becomes shorter and shorter. Manufacturing sites must be agile to accommodate these changes. Many companies are contributing to bringing innovation to manufacturing sites by combining robots with automation devices. OMRON is one such company. The OMRON FH-SMD series recently launched can recognize randomly placed automated parts in three-dimension, enabling space-saving assembly, inspection, and pick & place, which are difficult with conventional robots and also can be mounted on a robot.
AI-driven bin picking and advanced inspection technologies can fuel demand for machine vision technologies in the market. Moreover, companies are also focusing on partnerships and collaborations to strengthen their footprint in this industry. For instance, Cognex Corporation established a strong footprint in the MV industry by manufacturing devices & components, which enables advanced robotics & automation that could be used in manufacturing processes.
Major Advantages of the Report
- This study presents the analytical depiction of the 3D machine vision market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the 3D machine vision market share.
- The current market is quantitatively analyzed to highlight the 3D machine vision market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed 3D machine vision market analysis depending on competitive intensity and how the competition will take shape in the coming years
Questions Answered in the 3D Machine Vision Market Research Report
- Which are the leading market players active in the 3D machine vision market?
- What are the detailed impacts of COVID-19 on the market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
3D Machine Vision Market Report Highlights
| Aspects | Details |
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 By End-User |
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 Key Market Players | TKH Group, National Instruments Corporation, Cognex Corporation, Keyence Corporation, Sony Corporation, Stemmer Imaging, Omron Corporation, ISRA Vision, Intel Corporation, Basler AG |
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