2D and 3D Machine Vision Systems Market worth USD 31.6 billion by 2030

The Market Statsville Group (MSG) publishes the new report on the "2D and 3D Machine Vision Systems Market by Product (PC-based and Smart Camera-based), by Component (Hardware (Vision Systems, Cameras, Optics, and Illumination Systems, Frame Grabbers, and Other Types of Hardware) and Software), by Industry Vertical (Consumer Electronics, Automotive, Medical and Pharmaceuticals, Food and Beverage, and Other Industry Verticals), by Region – Global Share and Forecast to 2030".

The global 2D and 3D machine vision systems market size is estimated to reach USD 31.6 billion by 2030 from USD 12.5 billion in 2021, registering a CAGR of 13.3% during the forecast period. In the automotive sector, machine vision systems are used to improve the productivity and quality of the products. Quality inspections and machine guiding are two major applications of these systems in the automotive industry. In addition, many machine vision technologies are used in vehicle inspection applications. 3D imaging, multi-camera systems, barcode reading, smart cameras, and line scan cameras are all examples of this. Machine vision systems in food inspection enable the food producer to ensure consistency and safety among the products. For instance, the Food and Drug Administration’s Food Safety Modernization Act (FSMA) introduced regulations, necessitating that the giant food manufacturers meet preventive controls and Current Good Manufacturing Practice (CGMPS) requirements.

Global 2D and 3D Machine Vision Systems Market Segmentation

The overall 2D and 3D machine vision systems market has been segmented into the product, component, industry vertical, and region.

By Product Outlook (Revenue, USD Billion, 2017-2030)

• PC-based
• Smart Camera-based

By Component Outlook (Revenue, USD Billion, 2017-2030)

• Hardware
  • Vision Systems
  • Cameras
  • Optics and Illumination Systems
  • Frame Grabbers
  • Other Types of Hardware
• Software

By Industry Vertical Outlook (Revenue, USD Billion, 2017-2030)

• Consumer Electronics
• Automotive
• Medical and Pharmaceuticals
• Food and Beverage
• Other Industry Verticals

By Region Outlook (Revenue, USD Billion, 2017-2030)

• North America (US, Canada, Mexico)
• South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
• Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
• The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA)

Consumer electronics, by industry vertical, is estimated to hold the largest market share during the forecast period

Based on method, the global 2D and 3D machine vision systems market is segmented into consumer electronics, automotive, medical and pharmaceuticals, food and beverage, and other industry verticals. The consumer electronics segment generated the highest revenue of 23.5% of the total global 2D and 3D machine vision systems market in 2021. Manufacturers are adopting machine vision systems in the consumer electronics industry for their most difficult automation, gauging, and robot guidance applications to achieve high-quality standards, reduced defects, short product lifecycles, increased production speed, and a quick return on investment on equipment.

For instance, Foxconn Technology Group develops and manufactures computers, communications, and consumer electronics (3C) products and implements a machine vision system (into their production line using the Visionscape GigE Camera) to inspect the camera housing apertures. GigE cameras obtained accurate measurements within 0.01 mm when the lights revealed the apertures in high contrast, thus detecting and rejecting defects so reliably.

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Asia Pacific accounts for the largest market share

Based on the regions, the global 2D and 3D machine vision systems market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2021 the Asia Pacific had the largest market share of 35.9% in the global market of 2D and 3D machine vision systems. The region is witnessing strong competition among consumer electronics companies. Low-end manufacturing firms are moving to Southeast Asia to cut costs, including automotive and electronics manufacturing companies, which are expected to contribute to market growth.

China is identified as the world’s biggest buyer of industrial robots, and employee replacement programs have been implemented across the country. Between 2014 and 2016, the city of Dongguan replaced 87,000 workers with robots, and between 2013 and 2015, the Zhejiang Province (China’s vanguard in the robot revolution) replaced two million workers with robots; the country relies on both imported and domestic robots.

This research report covers an examination of the major firms' development and marketing tactics, as well as an examination of their product portfolios and winning methods in the 2D and 3D machine vision systems market. It also consists of the profiles of leading companies such as Keyence Corporation, Datalogic SpA, Sick AG, Cognex Corporation, ISRA Vision AG, Active Silicon Ltd, Adimec Advanced Image Systems BV, Baumer Optronic GmbH, Hexagon AB (Hexagon Manufacturing Intelligence), Flir Systems Inc., FANUC Corp., Allied Vision Technologies GmbH, and Mitsubishi Electric Corporation.

Browse complete report: https://www.marketstatsville.com/2d-and-3d-machine-vision-systems-market

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