2D and 3D Machine Vision Systems - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global 2D and 3D Machine Vision Systems Market is accounted for $17.63 billion in 2018 and is expected to reach $45.82 billion by 2027 growing at a CAGR of 11.2%. Rising labor costs that create investment opportunities for vision-guided industrial robots and other automation technologies are likely to boost the growth of the 2D and 3D machine vision systems market. However, the lack of efficient system operators due to inadequate training is likely to hamper the profit boundaries.
2D and 3D machine vision systems involve the ability of a computer to observe, inspect, and scrutinize the work performance by employing one or more video cameras, digital signal processing and analog to digital conversion. Captured data is then transferred to the computer to analyze and provide the desired output. Sensitivity and resolution are two vital aspects of any machine vision 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.
Based on component, the hardware segment is estimated to have a lucrative growth due to the fact that the higher vision-processing hardware speed has been a key factor to both faster parts-per-minute throughput and greater robustness in manufacturing MV tools. By geography, Europe is likely to have a huge demand due to the assortment of many small and medium-sized innovative companies. Strong growth in the adoption of 2D and 3D machine vision systems are observed in Europe due to its manufacturing and industrial sector.
Some of the key players in the 2D and 3D Machine Vision Systems market include A&B Software, Active Silicon Ltd, Adimec Advanced Image Systems B.V, Aicon 3D Systems, Allied Vision Technologies GmbH, Amazon Web Services Inc, Baumer Optronic GmbH, Canon USA Inc, Cognex Corporation, Datalogic S.p.A, Epic Systems Inc, IDS Imaging Development Systems Gmbh, ISRA Vision AG, Keyence Corporation, National Instruments, Omron Corporation, Sick AG and XIMEA GmbH.
• Consumer Electronics
• Food and Beverage
• Medical and Pharmaceuticals
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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