The robotic vision market size is expected to grow from USD 2.4 billion in 2022 to USD 3.8 billion by 2027; it is expected to grow at a CAGR of 9.6% from 2022 to 2027. The key factors driving the growth of the robotic vision marketare increasing adoption of 3D robotic vision systems in industrial robotics and rising demand for quality and safety products in industrial sector.
3D vision systems is expected to grow at higher rate from 2022 to 2027 A 3D vision system is highly repeatable and can avoid errors arising from deviations in object location, orientation, and presentation to the vision camera.They have the capability of picking parts that have variable surface conditions, such as bin picking, object tracking, and product profiling, particularly in automotive and pharmaceutical industries where the vision systems can generate 3D image data.
They are ideal for less organized applications that involve a random presentation of parts as they excel at handling the intricacies of 3D workpieces. Thus, the market for 3D vision systems is projected to grow at a higher CAGR compared tothe market for 2D vision systems from 2022 to 2027.
Hardware segment to hold largest share in 2021 Cameras are the principal component of vision systems.Smart camera-based vision systems are gaining traction over PC-based systems due to easy configuration, validation, and maintenance.
In the near future, robotic vision is expected to have a higher installation of 3D vision systems requiring smart camera installation, owing to the automation in industries. Hence, the market for cameras is expected to register the highest CAGR of 10.3% during the forecast period.
Robotic cell to be the fastest growing segment during the forecast period The robotic cells are utilized rapidly for complex tasks, such as quality tracking, uniform dispersion of ingredients, consistency of color, and the presence of safety rings.Robotic cells as compared to robotic guidance system provides better efficiency and accuracy when integrated in vision cameras.
Thus, the robotic cells is estimated to grow at highest CAGR than the robotic guidance systems during the forecast period.
Material handling segment to hold largest share in 2021 The material handling segment dominates the market in 2021 and is expected to continue its domination during the forecast period.Material handling using robotic vision can significantly reduce the human labor involved with handling applications.
Besides, the use of robotic vision in material handling reduces labor costs, increases uptime for the production processes, and provides a safer environment for humans. All these factors are responsible for the adoption of the material handling application in various industries.
Food & beverage industrytohold largest growth rate during forecast period The food & beverage industryis expected to hold the largest market size during the forecast period.The rising utilization of robotic vision systems in packaging and palletizing in the food manufacturing plants is responsible for the growth of the market. On the other hand, the consumption of packaged foods is increased rapidly, and food safety and standard protocols are being adopted globally by the food giants due to which vision systems are projected to be installed largely in food production plants during the forecast period.
Europe is expected to capture second-largest market sizeduring forecast period The Europeanregion is expected to hold the second-largest share of the robotic vision market during the forecast period. Industrial growth has been observed in the various countries of Eastern Europe, leading to increased penetration of vision systems in manufacturing. In Europe, vision systems are relevant not only for large enterprises but also for smaller enterprises. Germany remains the largest market in Europe for vision systems. Government initiatives, such as Industry 4.0 and the penetration of IoT and AI are expected to boost vision software development in the coming years.
The break-up of the profiles of primary participants for the report has been given below: • By Company Type: Tier 1 = 52%, Tier 2 = 31%, and Tier 3 = 17% • ByDesignation: C-Level Executives = 47%, Directors= 31%, and Others= 22% • ByRegion: North America = 16%, Europe = 20%, Asia Pacific = 62%, and RoW= 2%
Major players operating in the robotic vision market includeCognex Corporation (US), Basler AG (Germany), OMRON Corporation (Japan), National Instruments Corporation (US), Keyence Corporation (Japan), Teledyne DALSA (Canada), SICK AG (Germany), Tordivel AS (Norway), Hexagon AB (Sweden), Advantech (Taiwan), Yaskawa America, Inc. (Japan), ISRA Vision (Germany), and FANUC CORPORATION (Japan), among others.
Research Coverage: The research report on the global robotic vision market covers the market based ontype, component, deployment, detection algorithm, application, industry,and region. Based on type, the market has been segmented into 2D vision systems and 3D vision systems.Based oncomponent, the robotic vision market has been segmented intohardware and software. Based on deployment, the robotic vision market has been segmented into robotic guidance systems and robotic cells. Based on detection algorithm, the market has been segmented into contour-based, correlation-based, feature extraction, and cloud of points.Based on application, the market has been segmented into material handling; measurement, inspection, and testing; welding and soldering; assembling and dissembling; packaging and palletizing; painting; and cutting, pressing, grinding, and deburring. Based on industry, the market has been segmented into automotive; electrical & electronics; chemicals, rubber, & plastics; metals & machinery; food & beverages; precision engineering & optics; pharmaceuticals & cosmetics; and others. The report covers four major regions, namely,North America, Europe, AsiaPacific (APAC), and Rest of the World (RoW).
Key Benefits of Buying the Report: This report segments therobotic vision market comprehensively and provides the closest approximations of the overall market size, as well as that of the subsegments across different type, component, deployment, detection algorithm, application, industry, and regions. The report helps stakeholders understand the pulse of the market, expected market scenario and provides information on key market drivers, restraints, challenges, and opportunities. The report helps to understand the COVID-19 impact on the robotic vision market
Our reports have been used by over 10K customers, including:
In 2021, the global collaborative robot market was valued at US$894.60 million. The market is projected to reach US$3.21 billion by 2026. A collaborative robot is a machine that works in conjunction with humans, such as by serving as a guide or assistant during a task or activity. In contrast to autonomous robots, which function mostly independently...
The robotics and automation actuators market includes various players, such as product manufacturers and solution providers. The market size of robotics and automation actuators market is estimated to be valued at USD 18.7 billion in 2022 and is projected to grow at a CAGR of 13.9% during the forecast period. The development of advanced and...
The rotary indexer market is expected to grow from US$ 654.90 million in 2021 to US$ 883.96 million by 2028; it is estimated to grow at a CAGR of 4.4% from 2021 to 2028. A rotary indexer rotates items to a specific position and often used to place objects at exact points around a workspace so that they can be worked on, like a circular...
The Warehouse Robotics Market was valued at USD 9.88 billion in 2021 and is expected to reach USD 23.09 billion by 2027 and grow at a CAGR of 15.33% over the forecast period (2022 - 2027). The emergence of the Industrial Internet of Things (IIoT) and the advent of a network of connected systems are helping industries perform a multitude of...
185 pages •
By Asia Market Information & Development Company
• Feb 2022
China’s demand for Automation and Robots has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer...
The global smart factory market (hereafter referred to as the market studied) global smart factory market was valued at USD 295.65 Billion in 2021. It is expected to reach USD 514.29 Billion by 2027, registering a CAGR of 9.74% during the forecast period, 2020-2027 (hereafter, referred to as the forecast period). Coupled with the Industrial...
62 pages •
By Asia Market Information & Development Company
• Feb 2022
This study focuses on China’s Automation and Robots industry assessments and company profiles. In the two past decades, the industry has been growing at a fast pace. The dramatic expansions of the manufacturing capabilities and rising consumer consumptions in China have transformed China’s society and economy. China...
The aerospace robotics market is estimated at USD 2.9 billion in 2021 and is projected to reach USD 4.9 billion by 2026, at a CAGR of 11.4% from 2021 to 2026. The aerospace robotics market is growing at a significant rate across the world, and a similar trend is expected to be observed during the forecast period. Increase in global aircraft...
The global collaborative robot market was valued at USD 668.3 million in 2020, and it is expected to reach USD 1,876.8 million by 2026, registering a CAGR of 18.37%, during 2021-2026. Collaborative robots, or cobots, are used in direct collaboration with humans to accomplish various tasks. The declining cost and the high return on investment...
The AI Robots market is expected to grow from USD 6.9 billion in 2021 to USD 35.3 billion by 2026; it is expected to grow at a CAGR of 38.6% during the forecast period. The major driving factors for the growth of the AI Robots market include rise in demand for industrial robot and rise in adoption of AI robots in healthcare industry to control...
Industrial Robot Export
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.