The 3D machine vision market is forecast to reach $4 billion by 2026, growing at a CAGR of 12.3% as the need for automation increases. Hardware currently dominates the market but software is growing. Key applications include quality control, inspection, and robot guidance in industries like automotive and manufacturing. Asia-Pacific is the largest region currently due to growth in China, India, and Japan. Major players include Cognex, ISRA Vision, and Basler who are innovating new products to meet rising demand and requirements.