GVR Report cover 3D Machine Vision Market Size, Share & Trends Report

3D Machine Vision Market Size, Share & Trends Analysis Report By Offering, By Product (PC Based and Smart Camera Based), By End-use, By Application, By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-4-68038-986-9
  • Number of Report Pages: 104
  • Format: PDF, Horizon Databook
  • Historical Range: 2017 - 2021
  • Forecast Period: 2023 - 2030 
  • Industry: Technology

3D Machine Vision Market Size & Trends

The global 3D machine vision market size was valued at USD 6.43 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 13.9% from 2024 to 2030. Increasing demand for quality inspection and automation in various industrial verticals is likely to drive the machine vision market. Additionally, need for vision-guided robotic systems across automotive, food & beverage, pharmaceutical & chemical, and packaging segments is expected to fuel market growth. The surge in demand for application-oriented machine vision systems is also boosting the adoption of technology over the forecast period. 3D machine vision (MV) systems involve the ability of a computer to observe, inspect, and scrutinize work performance by employing one or more video cameras, digital signal processing, and analog-to-digital conversion. Captured data is then transferred to a computer to analyze and provide desired output.

North America 3D machine vision market size and growth rate, 2024 - 2030

Sensitivity and resolution are two important aspects of any machine vision (MV) system. Resolution is responsible for differentiating between objects, whereas sensitivity is the machine's ability to detect objects or weak impulses despite dim lights or invisible wavelengths. These systems play a crucial role in supervising work environments and offer features such as process control, robotic guidance, and automatic inspection in industrial applications. Industrial production and manufacturing activities are becoming increasingly complex, leading to challenges and greater unreliability for the human eye to accurately detect, observe, and examine production activities.

The technology is witnessing high adoption in industrial operations and is significantly replacing manual inspection and measurements due to the increasing need for efficient and reliable inspection and measurements. Machine vision systems utilize smart cameras and image processing to perform measurements and inspections.

The technology is gaining considerable traction across various industrial verticals, including food and packaging, automotive, pharmaceuticals, and others, owing to its abilities, such as improved object detection, enhanced analysis, monitoring tolerance, and accurate component measuring. All these factors are expected to boost the global market's growth over the forecast period. However, the lack of efficient system operators due to inadequate training is a restraining factor that is likely to hinder the smooth growth of the market.

3D Machine Vision Market Trends

Quality control in automation is becoming more crucial and integral as manufacturing companies worldwide expect to enhance their investments toward automation. Furthermore, as companies have experienced an increasing need for automated quality assurance in production processes, demand for automated machines has increased. The COVID-19 outbreak has triggered a huge demand thereby resulting in a lower human involvement in the process. As a result, machine vision is getting wider recognition as an important part of the long-term automation development process.

As the manufacturing industry transitions from product standardization to product customization, the importance of 3D machine vision is likely to gain more traction. It is difficult to create a standard machine vision system owing to the vast scope of manufacturing industries and technical specifications vary depending on individual customer needs. Various end-user requirements pose a significant challenge to the market since the manufacturing industry focuses on product customization enabling strong industry growth ahead.

Market Dynamics

The innovative development of computing technologies and image-sensing devices is one of the key factors driving the growth of the machine vision market. With the help of technological advancements, 3D machine vision can handle multidimensional invisible information. Machine vision has been prominently used in industrial settings and is now making its way into other sectors as well. The healthcare industry is adopting 3D technology for automation purposes, such as the automation of assembly and packaging of products.

The manufacturing sector is witnessing a transformation with the adoption of automated processes, which has resulted in reduced human errors in manufacturing practices and related activities. As such, 3D machine vision is widely used owing to its operational and safety benefits, preventing mishaps and accidents at production sites that involve complex working environments. Artificial intelligence (AI) has witnessed an increased adoption in both production and non-manufacturing applications. Manufacturing facilities use AI-based solutions to increase production by maximizing asset usage, reducing downtime, and enhancing machine performance. In addition, AI is anticipated to improve efficiency in the manufacturing sector through quality control, identifying flaws, and assisting with proactive maintenance of factory equipment.

Market Concentration & Characteristics

The market growth stage in the 3D machine vision market is high, and the pace of the market growth is accelerating. Increasing labor costs, rising quality standards, and the need for greater production efficiency are driving demand for automation and robotics solutions across various industries. Also, beyond manufacturing, developing countries are exploring diverse applications for 3D machine vision technology, including healthcare, logistics, agriculture, and retail. Applications such as robotic surgery, autonomous vehicles, smart cities, and augmented reality are driving innovation and investment in 3D imaging technologies.

3D Machine Vision Market Concentration & Characteristics

The 3D machine vision market is also characterized by a high level of merger and acquisition (M&A) activity by the leading players. This is due to several factors, including the desire to gain high market share and the need to consolidate in a rapidly growing market.

While 3D machine vision offers unique advantages such as high reliability, high-speed inspection, and measurement capabilities in complex manufacturing environments. Traditional 2D machine vision systems use cameras to capture images of objects and analyze them based on color, shape, texture, and other visual features. While 2D vision lacks depth information compared to 3D, it is often sufficient for many inspection and quality control tasks, especially in applications where depth perception is not critical.

Market concentration plays a pivotal role in the 3D machine vision market. While there is a diverse range of 3D machine vision companies operating globally, a handful of major players hold substantial influence and market presence.While the 3D machine vision market is characterized by a diverse array of players, market concentration exists among a select group of established companies that lead the industry in innovation, market share, and influence.

Offering Insights

Hardware held the highest market share of more than 70.14% share of the global revenue in 2023. Hardware components comprise several objects such as cameras, sensors, processors, frame grabbers, lighting, optics, and others. Cameras held the largest share in 2023, which is attributed to increasing demand for complementary metal-oxide-semiconductor (CMOS) imaging sensors. This, in turn, is anticipated to result in increasing growth of the ‘hardware’ sub-segment.

The market for software is application-specific and fragmented based on the necessity of application. The software segment is expected to witness a steady growth rate over the forecast period on account of training and deep learning of the technology, which is fairly contributing to overall market growth. The offering segment is anticipated to exhibit steady growth over the estimated duration owing to the large market share of the hardware components. The hardware offering is expected to continue growing over the forecast period. In addition, the software sub-segment is also expected to contribute gradually to overall industry growth and help strengthen the market.

Product Insights

PC-based products led the market and accounted for a 55.01% share of the global revenue in 2023. The segment is anticipated to continue growing and lead the market in terms of revenue over the estimated duration. However, smart camera-based systems are projected to exhibit a robust growth rate over the forecast period. The segment is expected to grow at the fastest CAGR from 2024 to 2030. This considerable growth of the segment is attributed to the growing adoption of cameras in 3D imaging.

3D MV systems consist of numerous cameras. At times, depending upon requirements, these cameras are mounted over assembly lines to observe and examine products and capture data. This is leading to the greater adoption of smart cameras in these systems. Cameras are also capable of reading labels and directing products automatically without any human involvement. Minimized human intervention has led to decreased errors and increased accuracy in inspecting labels and tags. These aspects of smart cameras are influencing the adoption of technology across various industrial sectors, thereby fueling up the overall market growth.

End-use Insights

The automotive segment led the market and accounted for 19.47% share of the global revenue in 2023. 3D Machine Vision in the automotive industry is extensively used for inspection purposes which include presence-absence checking, error proofing, assembly verification, and final inspection. Besides, the MV system is also used for dimensional gauging, robotic guidance, and testing automation purposes which come under measure, gauge, and guide applications. Therefore, demand for mechanized imaging is significant across the automobile sector and is anticipated to continue growing steadily over the coming years.

The demand in the food and beverage industry is projected to portray the highest growth rate over the forecast period. The 3D MV systems in the food and beverage industry are prominently used in packaging and bottling operations. Followed by the food and beverage end-use industry segment, machine vision systems are likely to witness significant growth in pharmaceuticals and chemicals, printing and labeling, and other industry verticals which include agriculture, rubber and plastic processing, solar paneling, machinery and equipment, and security and surveillance.

Application Insights

Quality Assurance & Inspection led the market and accounted for around 52.07% share of the global revenue in 2023. The systems are extensively used for scanning and identifying labels, barcodes, and texts, especially in the packaging sector. This automates packaging activities, thereby saving time, avoiding human errors, and increasing efficiency. Technology is frequently used in the consumer goods, pharmaceutical, and packaging sectors. The adoption of technology in these sectors has resulted in reduced counterfeit products to a large extent, eventually serving the overall market to gain traction for increased adoption.

Global 3D machine vision market share and size, 2023

Identification using machine imaging is also used in camera surveillance, monitoring traffic, or recognizing number plates for security purposes. The segment is expected to grow at a rapid CAGR from 2024 to 2030 owing to several advantages and opportunities offered to technology worldwide. The quality assurance and inspection segment are projected to expand at a steady CAGR from 2024 to 2030.

Regional Insights

Asia Pacific accounted for the largest revenue share of more than 40.96% in 2023 and is expected to maintain its lead over the forecast period. This growth can be accredited to the lucrative opportunities in automotive, packaging, pharmaceutical, and other industrial applications in the region. As the region is establishing itself to become a global manufacturing hub, the technology is anticipated to gain significant traction over the forecast period. China and Japan are prominent countries having a potential to offer extensive opportunities for emerging as well as mature technologies such as machine vision. The numerous manufacturing industries are contributing to the growth and prosperity of the region’s overall economic development.

3D Machine Vision Market Trends, by Region, 2024 - 2030

U.S. 3D Machine Vision Market

The 3D machine vision market in the U.S. is expected to account for a significant revenue share in the North America 3D machine vision market. 3D machine vision technology is rapidly evolving, driven by the increasing demand for automation and quality control across various industries. With the growing adoption of Industry 4.0 principles and the Internet of Things (IoT), the market for 3D machine vision in the U.S. is expected to experience significant growth in the coming years.

In addition to this, the expenditure and operational benefits coupled with the initiatives being undertaken by the governments of emerging countries, such as South Korea, India, Taiwan, and Singapore, are responsible for catapulting investments and encouraging different industry players to establish their production units in the Asia Pacific region. Furthermore, increasing investments are being carried out in R&D activities to improve machine vision technology and related developments, due to which prominent players are undertaking strategic initiatives such as distribution alliances, partnerships, mergers, and acquisitions. As such, all these factors are expected to propel regional market growth.

U.K. 3D Machine Vision Market

The 3D machine vision market in the U.K. is expected to account for a significant revenue share in the Europe 3D machine vision market. The UK has a strong tradition of manufacturing excellence, and the adoption of 3D machine vision technology is enhancing productivity, quality control, and automation in manufacturing processes. Industries such as automotive, aerospace, electronics, and pharmaceuticals are leveraging 3D machine vision for tasks such as inspection, measurement, and assembly.

Germany 3D Machine Vision Market

The 3D machine vision market in Germany is expected to account for a significant revenue share in the Europe 3D machine vision market. Germany is home to world-renowned research institutions, universities, and technology hubs that are driving innovation in 3D machine vision. Collaborative research projects and partnerships between academia, industry, and government are advancing the development of cutting-edge imaging technologies, algorithms, and applications.

France 3D Machine Vision Market

The 3D machine vision market in France is expected to account for a significant revenue share in the Europe 3D machine vision market. France is embracing the principles of Industry 4.0, which emphasize the integration of digital technologies, automation, and data analytics in manufacturing and logistics. 3D machine vision plays a crucial role in enabling smart factories, predictive maintenance, and real-time quality control, helping companies stay competitive in the global market.

China 3D Machine Vision Market

The 3D machine vision market in China is expected to account for a significant revenue share in the Asia Pacific 3D machine vision market. China's status as the world's manufacturing powerhouse has fueled demand for advanced automation and quality control solutions. 3D machine vision technology enables precise inspection, measurement, and guidance in manufacturing processes, improving efficiency and product quality.

India 3D Machine Vision Market

The 3D machine vision market in India is expected to account for a significant revenue share in the Asia Pacific 3D machine vision market. The Indian government has prioritized the development of high-tech industries, including robotics, artificial intelligence, and automation. Policies such as "Made in India" and various funding initiatives support research, development, and adoption of 3D machine vision technology in manufacturing and other sectors.

Japan 3D Machine Vision Market

The 3D machine vision market in Japan is expected to account for a significant revenue share in the Asia Pacific 3D machine vision market. Japan-based companies are investing heavily in research and development to enhance 3D machine vision capabilities. Innovations in hardware, software, and algorithms are driving the adoption of more sophisticated and cost-effective 3D imaging solutions for a wide range of applications.

Brazil 3D Machine Vision Market

The 3D machine vision market in Brazil is expected to account for a significant revenue share in the Latin America 3D machine vision market. 3D machine vision technology addresses these needs by providing reliable, high-speed inspection and measurement capabilities in complex manufacturing environments.

Middle East & Africa 3D Machine Vision Market

The 3D machine vision market in the Middle East & Africa is expected to witness noticeable growth in the coming years. Beyond manufacturing, Middle East & Africa is exploring diverse applications for 3D machine vision technology, including healthcare, logistics, agriculture, and retail.

Key 3D Machine Vision Company Insights

The ecosystem of the 3D machine vision market comprises an original equipment manufacturer, a network of component manufacturers, system integrators, resellers & distributers, and end users.

Some prominent players in the market include Cognex Corporation (U.S.), Basler AG (Germany), Keyence Corporation (Japan), Sick AG (Germany), and ISRA Vision AG (Germany).

  • ISRA VISION GmbH is a manufacturer and provider of surface inspection systems. The company’s products are used for quality and surface inspection, including image processing systems, focused on the arena of 3D machine vision. Its machine vision system comprises lightning components, sensor devices, hardware, software, and mechanical elements such as high-resolution cameras and fast-switching LEDs.

  • Basler AG develops and manufactures digital cameras for medical devices, traffic systems, industrial applications, and video surveillance. The products offered by the company include PowerPack Microscopy equipment; network cameras; 3D cameras for applications in logistics, industrial image processing, imaging, and inspection; area scan cameras for factory automation and traffic monitoring; and line scan cameras for sorting procedures and quality assurance.

Vayyar Imaging and AEye, Inc. are some of the emerging market participants in the target market.

  • Vayyar Imaging is a developer of 3D imaging sensors based on radiofrequency technology, offering solutions for applications such as automotive safety, smart home devices, and healthcare. Their sensors can penetrate materials to create high-resolution 3D images, enabling applications such as gesture recognition, vital sign monitoring, and object detection.

  • AEye Inc. is a company that specializes in artificial perception systems for autonomous vehicles and other applications, combining 3D LiDAR and camera technologies with AI algorithms to provide advanced perception capabilities.

Key 3D Machine Vision Companies:

The following are the leading companies in the 3D machine vision market. These companies collectively hold the largest market share and dictate industry trends. Financials, strategy maps & products of these 3D machine vision companies are analyzed to map the supply network.

  • Cognex Corporation
  • Keyence Corporation
  • Sick AG
  • ISRA Vision AG
  • Basler AG.

Recent Developments

  • In February 2022, Basler AG extended its 3D range with an industrial-grade stereo vision series. Basler Stereo Cameras enable robots to comprehend their environment in real-time.

  • In May 2021, HALCON 21.05, the latest upgrade for the machine vision software suite, was released by MVTec Software Gmb. The Generic Form Matching feature that minimizes the number of operators and unifies HALCON's shape matching algorithms into a single set of operators, is a major highlight of the upgrade.

  • In March 2021, OMRON Corporation announced the launch of the FH-SMD series 3D vision sensor. The launch aims to mount the sensors on a robot to enable recognition and inspection, space-saving assembly, placement of bulk automotive parts in 3D, and pick & place to implement automation and improve productivity.

3D Machine Vision Market Report Scope

Report Attribute

Details

Market size value in 2023

USD 6.43 billion

Revenue forecast in 2030

USD 15.6 billion

Growth Rate

CAGR of 13.9% from 2024 to 2030

Actual data

2017 - 2023

Forecast period

2024 - 2030

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Offering, product, application, end-use, region

Regional scope

North America, Europe, Asia Pacific, South America, MEA

Country scope

U.S.; Canada; Mexico; U.K.; Germany; France; Italy; Spain; China; Japan; India; South Korea; Singapore; Brazil

Key companies profiled

Cognex Corporation; Keyence Corporation; Sick AG; ISRA Vision AG; Basler AG

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

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Global 3D Machine Vision Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented global 3D machine vision market report based on offering, product, application, end-use, and region:

  • Offering Outlook (Revenue, USD Billion, 2017 - 2030)

    • Hardware

      • Camera

      • Frame Grabber

      • Optics

      • LED Lighting

      • Processor

    • Software

      • Application Specific

      • Deep Learning Software

  • Product Outlook (Revenue, USD Billion, 2017 - 2030)

    • PC Based

    • Smart Camera Based

  • Application Outlook (Revenue, USD Billion, 2017 - 2030)

    • Quality Assurance and Inspection

    • Positioning and Guidance

    • Measurement

    • Identification

  • End-use Outlook (Revenue, USD Billion, 2017 - 2030)

    • Automotive

    • Pharmaceuticals & Chemicals

    • Electronics & Semiconductor

    • Pulp & Paper

    • Printing & LabelingFood & Beverage (Packaging and Bottling)

    • Glass & Metal

    • Postal & Logistics

    • Others

  • 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)

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