3D Machine Vision Market Size, Share, Growth Analysis, By Application(Quality Assurance & Inspection, Positioning & Guidance, Measurement, Identification), By End-Use(Automotive, Pharmaceuticals, Chemicals, Electronics & Semiconductors), By Component(Hardware, Software), By Product(PC Based, Smart Camera Based), By Region - Industry Forecast 2024-2031

Based on the regional segmentation, the Asia Pacific region is expected to account for 30% share in the global 3D machine vision market. Factors attributing to the growth are expansion of manufacturing, automotive, and food & beverage industry in India and Japan. China is considered to be one of the largest manufacturing and automotive industry, followed by India. According to IBEF, India was among the top 5 automotive markets.

To ensure the quality of automotive and manufacturing components, end users are extensively adopting 3D machine vision technology. To capitalize on the fastest-growing market, key companies are eyeing the India and China market, especially manufacturing industries. Additionally, favorable government initiatives and the emergence of automation in South Korea, Taiwan, and Singapore are aiding the growth in the Asia Pacific.

In 2021, North America owned the largest market share for 3D machine vision worldwide. Between 2022 and 2028, it is predicted that the market in North America will expand significantly. One of the main factors driving the market's expansion in this area is the rising adoption of automation across all industrial verticals, particularly in the automotive and consumer electronics sectors. Additionally, the presence of important manufacturing firms in nations like Canada and the US will foster the expansion of the 3D Machine Vision market in the region of North America.