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The 3D machine vision market is likely to be driven by the growing demand for quality inspection and automation in various industrial verticals. The market is likely to increase due to the demand for vision-guided robotic systems in the automotive, food and beverage, pharmaceutical and chemical, and packaging industries. Over the forecast period, the growth in demand for application-oriented machine vision systems is also boosting the adoption of the technology. Due to the rising need for efficient and reliable inspection and measurements, the technology is seeing widespread use in industrial processes and is rapidly replacing manual inspection and measurements. The rising use of automation in almost all industry verticals is also propelling global market expansion. The consumer electronics and automobile industries are seeing a surge in automation technique adaptation. As a result, 3D machine vision is predicted to be in high demand in these two industries. In addition, high instances of theft and increasing demand for global positioning systems will positively impact the positioning and guidance segment. This is expected to boost the global 3D machine vision industry.
Several key players are increasingly undergoing mergers and acquisitions and new industry entrants to expand their geographic presence and capture the escalating market potential. For instance, Basler AG (ETR: BSL) announced the acquisition of mycable GmbH, an embedded computing consulting firm, in June 2017. The acquisition was made to reduce clients' embedded vision technology integration processes and expand the company's market reach in the fast-growing field of embedded vision technology.
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The major players in the global 3D machine vision industry are Cognex Corporation, ISRA Vision AG, TKH Group, Keyence Corporation, and MVTec Software GmbH, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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