3D vision market to reach $1.63bn by 2020, says report

Share this on social media:

The 3D machine vision market is expected to be worth $1.63 billion by 2020, according to report from market research firm MarketsandMarkets. 3D vision is predicted to grow at an estimated CAGR of 10.53 per cent between 2015 and 2020.

The report predicts that camera sales for 3D vision will grow at a CAGR of 11.50 per cent between 2015 and 2020, while the market for positioning and guidance is expected to grow at a CAGR of 13.18 per cent for the same period.

The growth in positioning and guidance applications using 3D machine vision systems is because of an increase in use of robotics in automotive, pharmacy, food and beverage and other sectors, according to the report.

The study also cites the rising demand for automation in electronic and automotive manufacturing in the Asia Pacific region as driving the 3D machine vision market.

Further information:

3D machine vision market report

Related news

Image: Basler

05 August 2021

Basler recorded a 30 per cent increase in sales in the first half of the year, posting revenue of €115.2m

Image: Martial Red/shutterstock.com

06 July 2021

The involvement by Sinovation and its founder Dr Kai-Fu Lee strengthens Prophesee's presence in China

Investment in automation equipment is being made in battery production. Credit: Kuka

14 June 2021

The VDMA pointed to a number of green technologies – including plans for the sixth largest solar power plant in the world to be built in Turkey – that are driving growth in automation equipment sales

12 May 2021

Basler saw bookings up 27 per cent, but the company is 'suffering from the global shortage of semiconductor components'

07 May 2021

The company recorded $239m in revenue, which is also a 7 per cent increase over the fourth quarter of 2020

31 March 2021

Basler has announced 2020 sales of €170.5m, up on the previous year of €162.0m. Incoming orders were €181.6m compared to 2019's €166.5m