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 Pages: 104
  • Format: Electronic (PDF)
  • Historical Range: 2017 - 2021
  • Industry: Technology

Research Methodology

A three-pronged approach was followed for deducing the 3D machine vision market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for 3D machine vision market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of 3D machine vision market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

3D Machine Vision Market Categorization:

The 3D machine vision market was categorized into five segments, namely offering (Hardware, Software), product (PC Based, Smart Camera Based), application (Quality Assurance & Inspection, Positioning & Guidance, Measurement, Identification), end-use (Automotive, Pharmaceuticals & Chemicals, Electronics & Semiconductor, Pulp & Paper, Printing & Labeling, Food & Beverage (Packaging and Bottling), Glass & Metal, Postal & Logistics, Others (Agriculture, Security & Surveillance, Rubber, Plastics, Solar Paneling, Machinery, and Others)), and region (North America, Europe, Asia Pacific, South America, and Middle East & Africa).

Segment Market Methodology:

The 3D machine vision market was segmented into offering, product, application, end-use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The 3D machine vision market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into fourteen countries, namely, the U.S.; Canada; Mexico; the UK; Germany; France; Italy; Spain; China; Japan; India; South Korea; Singapore; Brazil.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

3D machine vision market companies & financials:

The 3D machine vision market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • ISRA VISION GmbH - Surface inspection systems are produced and supplied by ISRA VISION GmbH. The company's products, which include image processing systems with an emphasis on 3D machine vision, are used for surface and quality inspection. Its machine vision system consists of mechanical components including fast-switching LEDs and high-resolution cameras, as well as hardware, software, sensor devices, and lightning components. The Industrial Automation and Surface Vision business sectors are how the organization is organized. The sector of the market Industrial Automation is focused on 3D machine vision functions used in automated manufacturing processes. These functions include quality control, robot supervision, automated assembly, surface detection, and form identification.

  • Basler AG - Digital cameras are developed and produced by Basler AG for use in industrial applications, traffic systems, medical equipment, and video surveillance. The company sells PowerPack Microscopy equipment, network cameras, area scan cameras for factory automation and traffic monitoring, line scan cameras for sorting processes and quality assurance, and 3D cameras for applications in logistics, industrial image processing, imaging, and inspection. Along with accompanying software, the firm sells lens adapters, cables, and lenses. It conducts business in the United States, Europe, and Asia Pacific through representative offices and subsidiaries.

  • Cognex Corporation - Cognex Corporation is a producer of software, sensors, and machine vision solutions. The Modular Vision Systems Division (MVSD) and Surface Inspection Systems Division (SISD) are the two corporate divisions that run the corporation. Additionally, it is run by a single industry segment known as machine vision technology, which provides a variety of ID and vision solutions at various price ranges and performance levels to satisfy customer demands. The firm uses a worldwide network of distribution and integration partners in addition to a direct sales staff to market its MVSD solutions. The firm allocated USD 130.9 million, USD 135.3 million, and USD 141.1 million for research and development in 2020, 2021, and 2022, respectively. The corporation is traded under the ticker name CGNX on the NASDAQ stock exchange. It has made its imprint in many nations, including the United Kingdom, China, India, Austria, and California.

  • Keyence Corporation - Globally, Keyence Corporation designs and produces industrial automation and inspection machinery. Code readers, static eliminators, laser markers, sensors, machine vision, microscopes, and measurement systems are among the goods offered by the firm. The firm also provides flow, temperature, pressure, and analogue sensor controllers for equipment process monitoring. Medical devices, manufacturing, automotive, industrial equipment, semiconductors, logistics, and household appliances are just a few of the sectors it serves. In areas including North America, Europe, Asia, East Asia, the Middle East, and Africa, it provides services to more than 250,000 clients. The corporation invested USD 150.9 million, USD 145.9 million, and USD 146.5 million in R&D operations in 2020, 2021, and 2022, respectively.

  • LMI Technologies, Inc. (A subsidiary of TKH Group NV) - TKH Group NV subsidiary LMI Technologies, Inc. creates, develops, and produces 3D scanning and inspection products. The firm supplies 3D sensor solutions to the automotive, rubber & tire, metal, glass, livestock, transportation, and electronics sectors for process control and industrial measurement. It serves Original Equipment Manufacturers (OEMs) and system integrators engaged in global industrial plant automation. Together with 3D scanning technology, it provides solutions for creating, aligning, and scanning 3D models. Additionally, it has created over 60,000 sensors in the field and holds more than 100 patents.

  • MVTec Software GmbH - Leading producer of machine vision software, MVTec Software GmbH finds usage in many different fields, including metrology, surface evaluation, optical examination systems, quality inspection, and surveillance. The firm serves a variety of industries and sectors, including semiconductors, packaging, logistics, glass, metal, and paper, food, automotive, education, agricultural, and industrial machines. The firm offers robotic vision, material flow regulation, quality control, and other machine vision applications. The organization employs a variety of technological tools, including deep learning, matching, 3D vision, Optical Character Recognition (OCR) and Optical Character Verification (OCV), Inspection, subpixel, classification, measuring, morphology, BLOB analysis, and filtering, to meet the demands of diverse industrial scenarios. The firm sells Halcon and Merlic, two of the most popular machine vision-based programs. Any machine vision application may be developed using Halcon's flexible architecture and integrated development platform, Hdevelop, which is standard software. MVTec's machine vision expertise is combined with Merlin, an all-in-one software, to provide dependable and consistent performance.

  • National Instruments Corp. - Automated test equipment and virtual instrumentation software are produced and marketed by National Instruments Corp. Automotive, advanced research, automated test equipment, consumer electronics, computers, continuous process manufacturing, government, pharmaceutical, energy, and telecommunications are just a few of the industries and sectors that the firm serves with its products and solutions. LabVIEW, NI TestStand, NI InsightCM Enterprise, NI VeriStand, NI DIAdem, and NI Multisim are among the company's well-known products. Additionally, the firm offers stand-alone or computer-based devices, platform modules, and other machine vision solutions to its clients. The business has established itself over several continents, including Asia Pacific, the Americas, Europe, and the Middle East & Africa. Research and Development (R&D) expenses for the corporation came to USD 280 million, USD 336 million, and USD 331.7 million in 2020, 2021, and 2022, respectively. Furthermore, the business is traded on the NASDAQ stock exchange under the ticker code NATI.

  • Stemmer Imaging - Leading worldwide supplier of machine vision technologies, Stemmer Imaging provides machine vision solutions as well as client support. The firm serves a wide range of markets, including print and packaging, traffic, rail and transport, food and beverage, pharmaceutical, electronics, semiconductor, and solar, automotive, military, security, and aerospace. It sells a range of goods, such as computers, cables, lenses, lighting, cameras, and vision systems. It also offers customer-specific solutions, individualized components, and pre-configured subsystems to save time and effort when integrating vertical applications and solutions. Austria, Brazil, Denmark, Finland, France, Germany, Italy, Mexico, Poland, Spain, Portugal, and the United Kingdom are just a few of the nations where it has made its mark. Under the ticker sign S9I, Stemmer Imaging is traded on the Frankfurt Stock Exchange.

  • Sick AG - Sick AG is a company that manufactures industrial applications sensors and sensor systems. The business is divided into three segments: industrial automation, logistics automation, and process automation. Encoders, photoelectric sensors, proximity sensors, optoelectronic protection devices, magnetic cylinder sensors, and safety switches are just a few of the goods it provides. Its process automation division offers sensors, customized system solutions, and services for process measurement and analysis technologies. The company's sensor devices play a vital role in automating industrial production and logistics operations, which raises facility productivity and product quality. Automotive, consumer products, electronics, handling and assembly technology, packaging, pharma robots, industrial vehicles, retail and warehousing, chemicals, oil & gas, metal & steel, trash and recycling are just a few of the industries that the firm provides its solutions to. The corporation allocated USD 224.5 million in 2021 and USD 257.1 million in 2022 to research and development efforts. It has made its imprint in Germany, the United Kingdom, Italy, Sweden, Hungary, Malaysia, China, Singapore, and Japan, among other nations.

  • Tordivel AS - 3D and 2D machine vision solutions are provided by Tordivel AS. Scorpion Vision OEM, Scorpion Vision Framework, Scorpion Vision Products, and Scorpion Vision Integration are the four business sectors that make up the organization. Both small and large enterprises may make use of its cutting-edge Scorpion Vision Products and OEM Solutions. Machine vision automation systems and software are the company's main line of business. Along with technical and sales assistance, the firm provides sales and support services to an integrator network for the Scorpion Vision segment in the U.K. Scorpion Vision Solutions, Scorpion Stinger OEM, and Services Scorpion 3D Stinger Products are among the goods and services offered by Tordivel AS. In the fields of 3D robot vision and machine vision software, Tordivel AS is expanding more quickly. The business collaborates and distributes its products through a global network of distributors.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

3D Machine Vision Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2017 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

3D Machine Vision Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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