Robotic Vision Market Size, Share, Trend, Global Demand, Growth Factors, Emerging Technologies, Industry Statistics and Current Scenario by Forecast to 2023

Robotic Vision Market Size, Share, Trend, Global Demand, Growth Factors, Emerging Technologies, Industry Statistics and Current Scenario by Forecast to 2023

“Robotic Vision Market”
Robotic Vision Market, by Components (Hardware and Software), By Technology (2D and 3D), By Applications (Welding, Manufacturing, Material Handling), by Verticals (Industries, Consumer, Healthcare) – Forecast 2018-2022. Global robotic vision market is expected to reach USD $9 billion and set to grow at CAGR of 12% during the forecast period.

Market Highlights

Global Robotic Vision market is expected to become market of US ~$9 billion by 2022. Industrial need to improve quality control, robustness, prevent defects at initial stages of production has led the growth of robotic vision market. Also, growing adoption of advanced technologies which support in the high production, provide safety for workers, replace humans for tasks done in hazardous environments and improve accuracy in operations are driving the Robotic Vision market.

The vision takes pictures of each a portion of material that the robot will interact with. If the portion matches with the portion of algorithm, then material is accepted, and robot will proceed further. The robot vision can also perform different task such as visual feedback for object tracking & administration, navigation, object recognition and segmentation, surveillance, and decision-making.

Robotic Vision is gaining more demand in manufacturing companies in recent time and it will keep growing. Looking at this ultimatum, ‘Market Research Future’ recently released the market insights till 2023. According to this MRFR analysis, the global robotic vision market is expected to reach USD $9 billion and set to grow at CAGR of 12% during the forecast period.

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Key Players 

The prominent players in the market of Robotic Vision market are- FANUC Corporation (Japan), Yaskawa Electric Corporation (Japan), OMRON Corporation (Japan), KUKA AG (Germany), Cognex Corporation (U.S), ABB Group (Switzerland), Kawasaki Heavy Industries Ltd. (Japan), Keyence Corporation (Japan), SICK AG (Germany), Basler AG (Germany) among others.

Market Research Analysis:

Asia Pacific will be dominating the market of Robotic Vision during forecast period owing to the factor such as deployment of vision technology in many application areas of manufacturing and process control. North America is the second leading market due to the use of robotic vision in automotive industry whereas in Europe, the market of Robotic vision in Germany is growing due to the demand and supply of machine vision technology by industries.

Segmentation:

The industry for Robotic Vision Market is fragmented into by components, by technology, by applications, by verticals and by regions. The components is divided as- hardware and software. Hardware segment further consists of cameras, optics, filters, lenses and sensors.

Software segment further consists of tracking and image processing. Technology is segment in 2d and 3d. Applications segment by welding, manufacturing, inspection & testing painting and packaging & palletizing. Finally, verticals are divided as industries, consumer, healthcare, military & defense, and government among others.

The regions are categorized on the basis of Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Asia-Pacific is emerging as the fastest growing market and expected to be the biggest market by the end of forecast period due to the rise in demand for industrial robots in manufacturing and automation industries in this region.

Currently North America holds second position in the market due to deployment of vision guided robots in food & beverages and manufacturing industries.

Drivers:

Robotic vision is among the trending innovations in various industries. Earlier there where blind robots who perform the pickup and place task. The only drawback was every time robots has to reprogram then only task was completed. But with change of time and advancement in industry automation, the 3D vision was introduced the main advantage was they can perform same work without reprogramming.

The new 3D vision robots can avoid any blocks in front of them, and they can take decisions on their own or according to situations. This helps most of industries with better ROI, and time & cost effective. Thus, technology advancement contributes in development of this industry.

The other factors driving the market demand such as inspecting for defects, surface inspection, great flexibility, multi-tasking and others. Even, the consumer and healthcare sectors are approaching this technology and use on daily basis of work.

Trend:

November 2017 – ‘Collaborative Robots and Advanced Vision (CRAV)’, hold the conferences in San Jose, California. The conferences conducted from November 15th to 16th 2017. The aim behind this meeting was to highlight the advantage of combing the robotics and vision focusing technology. The CRAV are one the leading players in robotics industry, they are known for software and end-of-arm tooling (EOAT), sensors with advance level, and now they are testing the collaborative robot capabilities and applications.

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Industry – Competitive Outlook:       

Key players are approaching new techniques in the robotic vision. The same would improve market performance. Heavy investments are made by major players in the R&D sector.

1 Market Introduction

1.1 Introduction

1.2 Scope of Study

1.2.1 Research Objective

1.2.2 Assumptions

1.2.3 Limitations

1.3 Market Structure:

1.3.1 Global Robotic Vision Market: By Components

1.3.2 Global Robotic Vision Market: By Technology

1.3.3 Global Robotic Vision Market: By Applications

1.3.4 Global Robotic Vision Market: By Verticals

2 Research Methodology

2.1 Research Type

2.2 Primary Research

2.3 Secondary Research

2.4 Forecast Model

2.4.1 Market Data Collection, Analysis & Forecast

2.4.2 Market Size Estimation

2.4.3 Market Crackdown & Data Triangulation

Continues…

List of Tables

Table 1 Global Robotic Vision Market, By Components

Table 2 Global Robotic Vision Market, By Technology

Table 3 Global Robotic Vision Market, By Applications

Continues…

List of Figures

Figure 1 Research Type

Figure 2 Global Robotic Vision Market: By Components (%)

Figure 3 Global Robotic Vision Market: By Technology

Continues…

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