2D and 3D Machine Vision Systems Market by Technology and Geography - Forecast and Analysis 2022-2026

According to Technavio's analyst, the 2D and 3D machine vision systems market size is expected to be valued at USD 7.96 billion by 2026 with a progressing CAGR of 9.75%.

The 2D and 3D machine vision systems market has been further broadly categorized into the following demographic segmentations: 

• Technology - 2D Machine vision systems and 3D Machine vision systems
• Geography - APAC, North America, Europe, Middle East and Africa, and South America

What will the 2D and 3D Machine Vision Systems Market Size be During the Forecast Period?

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This 2D and 3D machine vision systems market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The 2D and 3D machine vision systems market report offers information on several market vendors, including Acrovision Ltd., Allied Vision Technologies GmbH, Balluff GmbH, Basler AG, Baumer Holding AG, Canon Inc., Cognex Corp., EPIC Systems Group LLC, HTE Technologies, IDS Imaging Development Systems Gmbh, Intel Corp., ISRA VISION AG, Keyence Corp., MATRIX VISION GmbH, MESH Automation Inc., OMNIVISION Technologies Inc., OMRON Corp., SICK AG, Simac Techniek NV, Teledyne DALSA Inc., TKH Group NV, and Tordivel AS among others.

2D and 3D Machine Vision Systems Market: Key Drivers, Trends, and Challenges

The increasing investments in machine vision technology is notably driving the 2D and 3D machine vision systems market growth, although factors such as lack of efficient system operators may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the 2D and 3D machine vision systems industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key 2D and 3D Machine Vision Systems Market Driver

• The increasing investments in machine vision technology is one of the key drivers fueling the 2D and 3D machine vision systems market growth.
• The need for automated quality assurance has increased drastically in the last decade as industries have realized the importance of 2D and 3D machine vision systems in manufacturing processes.
• Significantly, companies are investing significantly in research and development (R&D) to enhance their product portfolios and are adopting advanced 2D and 3D machine vision systems in their factories. 
• For instance, in April 2022, NODAR Inc., a leading company dealing in long-range 3D vision technology, announced that it had secured $12 million in Series A funding, which was led by New Enterprise Associates (NEA).
• The fund will be utilized for R&D and further expanding the product portfolio of NODAR core technology, as well as new sales and marketing initiatives. Such utilizations will drive the 2D and 3D machine vision systems market growth during the forecast period.

Key 2D and 3D Machine Vision Systems Market Trend

• The development of 3D medical display systems is one of the key 2D and 3D machine vision systems market trends supporting the market growth.
• Technological developments have led to the development of 3D medical display devices that are capable of providing 3D projected images.
• For instance, CSpace, a 3D static volumetric display technology developed by The Coretec Group, is a 3D display that provides high-resolution, full-color images. The images can be viewed without any additional visualization aids.
• Primarily, 3D systems can provide a better understanding of the patient's medical conditions, enabling a more accurate diagnosis.
• The increasing demand for machine vision systems in pharmaceutical manufacturing and medical device inspection is expected to drive the growth of the global 2D and 3D machine vision systems market during the forecast period.

Key 2D and 3D Machine Vision Systems Market Challenge

• The lack of efficient system operators is one of the factors challenging the 2D and 3D machine vision systems market growth.
• Several employee unions across the globe are apprehensive of the technology adoption as they fear that this will directly impact their jobs and employment due to the shortage of efficient operators.
• The deployment of 2D and 3D machine vision systems has instilled a constant fear of unemployment among employees, as they fear that the workforce will be replaced by automated technologies.
• The vast industrial expertise of most employees, along with automated technologies, will help them bargain for more skilled and high-paying positions in the industry.
• It is important that employees across the globe are educated about operational and personal benefits. However, till then the 2D and 3D machine vision systems market is expected to have a negative impact.

This 2D and 3D machine vision systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major 2D and 3D Machine Vision Systems Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Acrovision Ltd.
• Allied Vision Technologies GmbH
• Balluff GmbH
• Basler AG
• Baumer Holding AG
• Canon Inc.
• Cognex Corp.
• EPIC Systems Group LLC
• HTE Technologies
• IDS Imaging Development Systems Gmbh
• Intel Corp.
• ISRA VISION AG
• Keyence Corp.
• MATRIX VISION GmbH
• MESH Automation Inc.
• OMNIVISION Technologies Inc.
• OMRON Corp.
• SICK AG
• Simac Techniek NV
• Teledyne DALSA Inc.
• TKH Group NV
• Tordivel AS

 

This statistical study of the 2D and 3D machine vision systems market encompasses successful business strategies deployed by the key vendors. The 2D and 3D machine vision systems market is fragmented and the vendors are deploying growth strategies such as the cost of production, innovation in products, price, operating costs, R&D costs, and product quality to compete in the market.

Product Insights and News

• Alliedvision.com - The company offers 2D and 3D machine vision systems such as Modular Concept, Modification, and OEM development.
• Global.canon - The company offers 2D and 3D machine vision systems such as the RV series with the option of high-speed image recognition.
• Cognex.com - The company offers 2D and 3D machine vision systems such as In Sight 7000, In Sight 3D L4000 and DS800 Series.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The 2D and 3D machine vision systems market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for 2D and 3D Machine Vision Systems Market?

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50% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for 2D and 3D machine vision systems market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Population growth and rapid urbanization will facilitate the 2D and 3D machine vision systems market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

 In 2020, the market witnessed certain challenges due to the COVID-19 pandemic. However, the initiation of large-scale vaccination drives in countries across the region led to the lifting of COVID-19-related restrictions and helped various manufacturing plants resume their operations, which, in turn, will drive the demand for 2D and 3D machine vision systems during the forecast period. 

What are the Revenue-generating Technology Segments in the 2D and 3D Machine Vision Systems Market?

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The 2D and 3D machine vision systems market share growth by the 2D machine vision systems segment will be significant during the forecast period. 2D machine vision systems are more commonly used than 3D machine vision systems, as they are more cost-efficient than the latter and do not require highly skilled technicians, unlike 3D machine vision systems. Therefore, these factors will boost the growth of the 2D machine vision systems segment in the global 2D and 3D machine vision system market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the 2D and 3D machine vision systems market size and actionable market insights on post COVID-19 impact on each segment.

Parent Market Analysis

Technavio categorizes the global 2-dimensional (2D) and 3-dimensional (3D) machine vision systems as a part of the global technology hardware, storage, and peripherals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the 2D and 3D machine vision systems market during the forecast period.

2D and 3D Machine Vision Systems Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the 2D and 3D machine vision systems market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

2D and 3D Machine Vision Systems Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 9.75%
Market growth 2022-2026	$ 7.96 billion
Market structure	Fragmented
YoY growth (%)	8.9
Regional analysis	APAC, North America, Europe, Middle East and Africa, and South America
Performing market contribution	APAC at 50%
Key consumer countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Acrovision Ltd., Allied Vision Technologies GmbH, Balluff GmbH, Basler AG, Baumer Holding AG, Canon Inc., Cognex Corp., EPIC Systems Group LLC, HTE Technologies, IDS Imaging Development Systems Gmbh, Intel Corp., ISRA VISION AG, Keyence Corp., MATRIX VISION GmbH, MESH Automation Inc., OMNIVISION Technologies Inc., OMRON Corp., SICK AG, Simac Techniek NV, Teledyne DALSA Inc., TKH Group NV, and Tordivel AS
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this 2D and 3D Machine Vision Systems Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive 2D and 3D machine vision systems market growth during the next five years
• Precise estimation of the 2D and 3D machine vision systems market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the 2D and 3D machine vision systems industry across APAC, North America, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of 2D and 3D machine vision systems market vendors

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