The growing trend in the field of advanced technology is 3D Machine Vision. Machine Vision or MV is a mechanization that is used to deliver imaging based automatic analysis and inspection with utilization in robot guidance, process control and automatic inspection. The 3D machine vision integrates multiple point clouds from numerous scanners and detects objects regardless of position, thus providing better versatility and freedom.

The System Of 3D Machine Vision comprises a variety of techniques including point clouds, 3D triangulation and stereo vision. These techniques offer functions such as automatic sensing, receiving and interpreting an image of a real scene. The system also comprises multiple cameras and laser displacement sensors. The escalating demand for high product quality propels the adoption of 3D machine vision systems. 

Further, the growing focus of companies on automation systems which helps in reducing production costs also fuel the implementation of 3D machine vision in manufacturing facilities. Thus, a rapid growth in the use of industrial robots for automation especially in automotive and consumer electronics sector drives the market growth.

For Instance: As per International Federation of Robotics, the global operational Stock of Industrial Robots increased from 1635, thousand in 2015 to 1826 thousand in 2016 and by 15% to 2098 thousand in 2017. Also, the adoption of industrial robots in Electronics sector grew by 33% from 91,000 to 121,000 between 2016 and 2017 and the adoption of robots in the automotive sector increased by 22% from 103,000 to 126,000 in the same period. These visions guided robots are connected with 3D machine vision systems automating the product analysis process.

 The 3D Machine Vision Market is expected to grow at a CAGR of 12.1% from 2021–2028 to reach US$3.1 billion by 2028. Through extensive primary and secondary research and in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, and opportunities. Factors such as the rising demand for automated quality inspection technologies, the increasing need for vision-guided robotic systems, and the emergence of Industry 4.0 are driving the growth of this market. However, lack of awareness and skilled professionals, as well as depth errors caused due to shiny surfaces and complexity in integrating 3D machine vision systems hinder the growth of this market.

Based on the component, the 3D machine vision market is segmented into hardware and software. The hardware segment is further segmented into cameras, frame grabbers, optics, lighting, and others. In 2021, the hardware segment is expected to account for the largest share of the overall 3D machine vision market. Amongst the hardware segments, cameras are expected to contribute to the largest revenue share in 2021. The large share of this segment is mainly attributed to the increasing implementation of advanced camera technologies, such as complementary metal-oxide-semiconductor (CMOS) imaging sensors.

Based on product, the PC-based systems segment is poised to account for the larger market share in 2021. PC-based systems have greater processing power and are capable of handling complex operations at relatively high speed.

Based on end user, the market is divided into industrial, commercial, and government. Under the industrial segment, the automotive segment is poised to account for the largest share of the market in 2021, whereas the food & beverage segment is expected to grow at the highest CAGR during the forecast period. Under the commercial segment, logistics is expected to create the largest revenue share in 2021, while intelligent transportation systems are expected to grow faster. Under the government segment, security & surveillance is estimated to account for the largest share in 2021.

An in-depth analysis of the 3D machine vision market's geographical scenario provides detailed qualitative and quantitative insights about the 5 major geographies (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) and the coverage of major countries in each region. In 2021, Asia-Pacific is projected to account for the largest share of the 3D Machine Vision Market, followed by Europe, North America, Latin America, and the Middle East & Africa. The large market share of this region is mainly attributed to the presence of a large number of manufacturing facilities and the rising number of government initiatives in countries such as India and Singapore.

The key players operating in the 3D machine vision market are Cognex Corporation (US), Keyence Corporation (Japan), ISRA Vision AG (Germany), Sick AG (Germany), Basler AG (Germany), Omron Corporation (Japan), National Instruments (US), LMI Technologies (Canada), Sony Corporation (Japan), Stemmer Imaging (Germany), Teledyne Technologies (US), Canon Inc. (Japan), Torvidel AS (Norway), Balluff GmBH (Germany), and Industrial Vision System (UK).