The global 2D and 3D machine vision systems market size was US$ 12.9 billion in 2021. The global 2D and 3D machine vision systems market is forecast to grow to US$ 30.6 billion by 2030 by growing at a compound annual growth rate (CAGR) of 11.3% during the forecast period from 2022 to 2030.
By using cameras and image processing, machine vision gives machines the advantage of sight. Thus, it supplements or replaces manual inspection tasks. Machine vision applications range from simple tasks like detection of presence to real-time inspection and grading in harsh environments.
Factors Influencing the Market
Machine vision systems act as an advantage for manufacturing companies, especially to carry out precision tasks such as inspection. Thus, this factor will primarily drive the growth of the global 2D and 3D machine vision systems market.
The rising demand for increasing productivity and reducing machine downtime will contribute to the growth of the global 2D and 3D machine vision systems market during the study period.
Growing automation across the manufacturing industry will surge the demand for global 2D and 3D machine vision systems to inspect components and identify microscopic defects. Thus, it will prompt the growth of the global 2D and 3D machine vision systems market during the study period.
Complexity in integrating machine vision systems may limit the growth of the global 2D and 3D machine vision systems market.
COVID-19 Impact Analysis
The wake of the COVID-19 pandemic limited the manufacturing processes, which hampered the growth of the global 2D and 3D machine vision systems market. The market witnessed innumerable challenges due to lockdown restrictions and travel bans. Apart from that, the decline in consumer demand and shutdown of manufacturing units further impeded the growth of the global 2D and 3D machine vision systems market.
Regional Analysis
Based on region, the Asia-Pacific 2D and 3D machine vision systems market is forecast to hold the largest share. It is owing presence of some of the largest industries in the region. In addition, growing industrialization in countries such as India, China, Japan, and South Korea, is forecast to bring ample growth opportunities for the global 2D and 3D machine vision systems market. Moreover, the early adoption of automation in the manufacturing industry and government initiatives such as the Advanced Manufacturing Partnership will further boost the growth of the 2D and 3D machine vision systems market.
Competitors in the Market
Market Segmentation
The global 2D and 3D machine vision systems market segmentation focuses on Product, Component, Industry Vertical, and Region.
By Product Outlook
By Component Outlook
By Industry Vertical Outlook
By Regional Outlook
