March 29, 2017: Aarkstore announces the publication of its Research Report “3D Machine Vision Market - Global Forecast to 2022”

“3D machine vision market is expected to grow at a CAGR of 11.07% between 2017 and 2022”

The 3D machine vision market is expected to be valued at USD 2.13 billion by 2022, growing at a CAGR of 11.07% between 2016 and 2022. The market growth can be attributed to the increasing applications of 3D machine vision in the automotive and electronics industries. The recent advancements in the 3D machine vision technology, such as smart cameras and various imaging technologies have widened the scope of 3D machine vision in the industrial and non-industrial sectors. Some of the key factors driving the growth of this market are integration of 3D vision systems with robot controllers, rising demand for 3D object analyses in manufacturing applications, and increasing demand for non-industrial 3D machine vision systems. The major factors restraining the growth of the market include the changing requirements of customers and the lack of awareness and technical knowledge pertaining to 3D machine vision systems and solutions.

“PC-based systems are expected to hold the largest size of the market during the forecast period.”

PC-based systems are expected to hold the largest size of the market during the forecast period as these systems are preferred for complex inspection tasks or when a significant number of cameras are required for inspection-related tasks. A PC-based system provides higher processing power than an embedded smart camera processor. However, due to the decreasing costs of smart cameras and the increasing efficiency of operations, the market for smart camera-based systems is expected to grow at a higher rate than the market for PC-based systems.

 “Hardware offerings held a major share of the 3D machine vision market in 2016.”

The hardware components in a machine vision system include cameras, frame grabbers, lighting, optics, and others. Camera is the principal component among the other components in the machine vision systems. The hardware offerings held a larger share of the 3D machine vision market in 2016 than the software offerings, and the trend is expected to remain the same during the forecast period.

“APAC is likely to be the fastest-growing market for 3D machine vision during the forecast period.”

The 3D machine vision market in APAC is expected to grow at a high rate during the forecast period. Factors such as the high adoption rate of new technologies decrease in manual inspection of goods, and increasing need for high-quality products are contributing to the growth of the 3D machine vision market in APAC.

To view Full Report: 3D Machine Vision Market - Global Forecast to 2022

Breakdown of the profiles of primary participants:

• By Company: Tier 1 - 20 %, Tier 2 - 55%, and Tier 3 - 25%

• By Designation: C-Level Executives - 50%, Directors - 25%, and Others - 25%

• By Region: North America - 60%, Europe - 20%, APAC - 10%, and RoW - 10%

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Table of Content

1 Introduction

 2 Research Methodology

 3 Executive Summary

 4 Premium Insights

 5 Market Overview

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