San Francisco, California, September 18, 2018: A recent market research report by TMR Research covers a thorough analytical account of the growth prospects of the global market for 3D machine vision over the period between 2017 and 2025. The detailed market research report is titled “3D Machine Vision Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025.” The market is expected to exhibit an exponential growth rate over the said period owing to the vast rise in applications of automation and robotics in a vast set of industry verticals.
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Owing to more accurate and precise results, analysts are expecting that 3D machine vision will be the future of robotic vision. As such, the growth prospects of the robotics sector are expected to be directly aligned with the growth opportunities that the global 3D machine vision market will have in the near future. The market is also expected to benefit from the vast technological advancements observed in areas such as face recognition, image recognition, hand-written text processing and recognition, object recognition, and motion recognition. However, the high cost of the technology could emerge as a challenge for the market, restricting its usage in a number of const-sensitive applications.
From a geographical standpoint, the market is expected to gain vast traction in regional markets such as Europe and North America owing to the high adoption of robotics and automation in a number of industries. While these regions will account for a large share in the overall market by the end of the forecast period, the market in Asia Pacific is also expected to emerge as a lucrative regional market owing to the steady adoption of automation in the industrial sector in rapidly industrializing countries such as India and China.
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Some of the leading companies operating in the global 3D machine vision market are Tordivel AS, Cognex Corporation, LMI Technologies, Keyence Corporation, Sick AG, ISRA Vision AG, Stemmer Imaging, MVTec Software GmbH, Basler AG, and National Instruments.