NEW
YORK, June 19, 2024 /PRNewswire/ -- The global
vision guided robotics market size is estimated to grow by
USD 5.76 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of about 12.14% during the forecast period. Decline in
electronic component prices is driving market growth, with a trend
towards 3d-multi imaging and image scanning. However, battery life
poses a challenge. Key market players include ABB Ltd.,
Acieta LLC, Atlas Copco AB, Basler AG, Cognex Corp., Cross Co.,
DENSO Corp., FANUC Corp., GECKO ROBOTICS INC., General Electric
Co., Invert Robotics Group Ltd., IPG Photonics Corp., Keyence
Corp., OMRON Corp., Pleora Technologies Inc., Previan Technologies
Inc., Qualitas Technologies Pvt. Ltd., Robotic Automation Systems,
Teradyne Inc., and Yaskawa Electric Corp..
Get a detailed analysis on regions, market segments, customer
landscape, and companies- View the snapshot of this report
Vision Guided
Robotics Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
12.14%
|
Market growth
2024-2028
|
USD 5761.1
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
10.49
|
Regional
analysis
|
APAC, North America,
Europe, Middle East and Africa, and South America
|
Performing market
contribution
|
APAC at 49%
|
Key
countries
|
China, US, Japan,
Germany, and South Korea
|
Key companies
profiled
|
ABB Ltd., Acieta LLC,
Atlas Copco AB, Basler AG, Cognex Corp., Cross Co., DENSO Corp.,
FANUC Corp., GECKO ROBOTICS INC., General Electric Co., Invert
Robotics Group Ltd., IPG Photonics Corp., Keyence Corp., OMRON
Corp., Pleora Technologies Inc., Previan Technologies Inc.,
Qualitas Technologies Pvt. Ltd., Robotic Automation Systems,
Teradyne Inc., and Yaskawa Electric Corp.
|
Market Driver
ai_trending_factor_new
Vision Guided Robotics Market: This market encompasses robots
equipped with cameras and sensors, utilizing advanced vision
systems for pathfinding and object identification. Industrial
trends drive the shift towards more independent robots, with the
evolution from 2D to 3D vision systems. Vision Guided Robotics
systems enhance production efficiency and ensure product quality by
accurately identifying objects, even those randomly placed.
Flexible robots, powered by advanced controllers, are increasingly
adopted across various industries, including Automobile, Electrical
& electronics, Healthcare & pharmaceutical, Aerospace &
defense, Food & beverage, due to the need for automation,
rising labor costs, labor safety concerns, and the ability to
operate in hazardous environments and rough terrains. The
technology's flexibility, components, and hardware & software
solutions contribute to cost savings, reduced complexity, and the
elimination of customized tooling and setup processes. However, the
market faces challenges such as rising energy costs and operational
expenditure.
Research report provides comprehensive data on impact of trend.
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Market Challenges
- ai_dominating_segment_factor_new
- Vision guided robotics are a significant advancement in
industrial automation, reducing operational costs, enhancing work
efficiency, and ensuring higher precision in various industry
verticals, including automobile, electrical & electronics,
healthcare & pharmaceutical, aerospace & defense, food
& beverage, and more. These robots, which are mostly
battery-powered, offer flexibility and autonomy, making them ideal
for warehousing and logistics. However, the need for longer battery
life to support increased flexibility and diverse applications
remains a challenge. This market trend is driven by rising labor
costs, labor safety concerns, and the need for automation in
hazardous environments and rough terrains. Additionally, customized
robots are increasingly being adopted to address specific industry
needs. Despite the rising energy costs and operational expenditure,
investment pockets exist in this market due to the benefits
offered.
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challenges - Request a sample report!
Segment Overview
This vision guided robotics market report extensively covers
market segmentation by
- Application
- 1.1 Logistics
- 1.2 Welding
- 1.3 Inspection and cleaning
- 1.4 Painting
- Type
- 2.1 2D-Vision
- 2.2 3D-Vision
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Logistics- In the diverse industries of food
and beverage, warehouse and logistics, and others, the rising costs
and energy consumption have necessitated increased investment in
advanced technologies to enhance production efficiency and reduce
human errors. Vision Guided Robotics (VGR) Market has emerged as a
promising solution, integrating cameras, sensors, feedback
indication, and robot controllers to enable robots to identify
target locations and navigate complex production processes. VGR
systems, utilizing vision-guided robotics technology, facilitate
flexible robots in understanding the shape, size, and position of
objects, thereby minimizing wastage of resources and improving
quality. The integration of hardware components like cameras,
actuators, and software solutions in VGR systems offers significant
benefits to various industry verticals, including automobile
manufacturing, by streamlining production processes and reducing
the need for fixed tooling and design set up. Despite the initial
cost and complexity, the long-term benefits of VGR systems make
them a valuable investment for industries seeking to optimize their
production processes and minimize human intervention.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
In the dynamic and evolving landscape of robotics technology,
Vision Guided Robotics (VGR) has emerged as a significant trend,
revolutionizing industrial automation. VGR systems integrate
advanced cameras and sensors, providing robots with the ability to
identify and navigate towards target locations with precision.
Feedback indication and robot controllers ensure seamless
operation. VGR finds extensive applications in various industry
verticals, including Automobile, Electrical & electronics,
Healthcare & pharmaceutical, Aerospace & defense, and
others. Robots equipped with VGR technology address labor safety
concerns, operate in hazardous environments, and traverse rough
terrains. However, rising costs, particularly energy costs,
necessitate the optimization of resources and the utilization of
efficient Software solutions.
Market Research Overview
The Vision Guided Robotics market refers to the use of computer
vision technology in robotic systems to enhance their capabilities
and improve precision in various industries. These robots utilize
cameras and artificial intelligence algorithms to identify objects,
navigate environments, and perform tasks autonomously. The market
for Vision Guided Robotics is growing rapidly due to the increasing
demand for automation and the need for higher productivity in
manufacturing, logistics, and other sectors. The technology offers
benefits such as flexibility, improved accuracy, and reduced human
intervention, making it an essential component of modern industrial
processes. Applications of Vision Guided Robotics include
pick-and-place operations, assembly, inspection, and quality
control. The future of this market looks promising, with
advancements in AI and machine learning expected to drive further
innovation and growth.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Logistics
- Welding
- Inspection And Cleaning
- Painting
- Type
-
- Geography
-
- APAC
- North America
- Europe
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio