3D machine vision products help in reducing production costs and ensure high level of product quality that is necessary in an increasingly competitive world market. It is used to analyze and inspect images through the use of various machine vision software solutions, hardware, and accessories. The advancement in machine vision has facilitated development of a strong environment for the increasing consumption of 3D machine vision systems. The players in the 3D machine vision industry across the globe are competing to develop and incorporate newer technologies to sustain in the fierce competition posed by the industry.

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The major applications of the 3D machine vision include quality assurance & inspection, positioning & guidance, measurement, and identification. Among the various technology adopted by the key players, Time-of-Flight technique is presently experiencing high demand in the 3D machine vision market. The demand for Time-of-Flight technique of image detection in 3D machine vision is growing since it offers features such as fast response time, comparatively less cost than structured light, and has low software complexity.

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The Asia-Pacific is the dominating region for the 3D machine vision market, with China being a fast-growing sub-region. The market opportunity for China is set to grow significantly in the future. This rapid growth is expected to be driven by the expansion of the Chinese economy as China modernizes its economic infrastructure. Companies in the marketplace have started working toward formulating strategies, including the technology development and standardization strategies for the overall expansion and strengthening of their businesses.

The key players in the ecosystem of the 3D machine vision market profiled in this report are Keyence Corporation (Japan), Cognex Corporation (U.S.), ISRA Vision AG (Germany), Sick AG (Germany), Stemmer Imaging (Germany), National Instruments (U.S.), Hermary Opto Electronics Inc. (Canada), MVTec Software GmbH (Germany), Tordivel AS (Norway), Canon U.S.A. Inc. (U.S.), and Texas Instruments (U.S.).