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 Systems Market is expected to reach USD $9 billion and set to grow at CAGR of 12% during the forecast period.
The robotic vision is simple process of analyzing, extracting
and defining with the help of the camera mounted on it and pre-loaded
algorithm. It can be installed for number of applications such as welding &
cutting with accuracy, precision, quality in the manufacturing process and
inspection & testing, material handling, and packaging.
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.
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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 contribute 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.
Segmentation
The industry for robotic vision 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.
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.
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.
The prominent players in the market of Robotic Vision are-
Kawasaki Heavy Industries Ltd., FANUC Corporation , Yaskawa Electric
Corporation, OMRON Corporation , KUKA AG , Cognex Corporation , and ABB Group.
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