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3D Machine Vision Market to Reach $2.13 Billion
March 28, 2017 | Business WireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "3D Machine Vision Market - Global Forecast to 2022" report to their offering.
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 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.
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