Powered by the increasing use of robotics in the automotive industry, among others, the 3D machine vision market is on target for an 11.07 percent compound annual growth rate between now and 2022, according to market research firm Markets and Markets. Analysts expect the market to be valued at $2.13 billion over the next five years.
Cameras will hold the largest share of the 3D machine vision market for hardware in the next five years. Cameras play one of the most critical roles in machine vision systems, capturing 3D images.
The Asian-Pacific region held the largest share of the 3D machine vision market in 2016, and the region is expected to continue to dominate the industry between 2017 and 2022.
>> Read more by Sheri Kasprzak, Product Design & Development, 3/20/2017