3D machine vision market is expected to grow at a CAGR 8.12% rate during the forecast period. Increased demand and quality concerns are prompting developed as well as developing countries to opt for 3D machine vision systems to keep up with customer requirements for automated inspection. Companies across industry verticals are rapidly adopting automation in their manufacturing processes to remain competitive in the market.
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Asia-Pacific region is expected to dominate the 3D machine vision market during the forecast period due to the presence of a large number of vendors along with immense development in automation.
Key Market Players includes OMRON Corporation (Japan), Canon Inc. (Japan), Cognex Corporation (US), National Instruments (US), Keyence Corporation (Japan), Robotic Vision Technologies, Inc. (US), Sony Corporation (Japan), Coherent, Inc. (US), Hermary Opto Electronics Inc. (Canada) and Basler AG (Germany).
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