According to Market Research Future (MRFR), the global Robotic Vision Technologies Market is projected to garner substantial accruals by 2023, growing at an impressive CAGR during the forecast period (2018 – 2023). The recent shift in focus towards the customized mass production positively impacts the market growth. Upgrades in machine learning and deep learning technologies for improved image processing are offering opportunities for the development of the market.
Increasing demand for automated
industrial processes from various sectors further drives the growth of the
global robotic vision market. Increase in investments by production and
manufacturing companies in research and development of robotic vision
technologies scale up the development of the market. Additionally, the rise in
demand for improved quality, safety, and efficiency of industrial automated
process influence the global robotic vision market share.
Moreover, increased flexibility
and rapid deployment of robotic vision in industrial production lines are some
other factors pushing the growth of the market. Furthermore, the increasing
adoption of cognitive humanoid robots for various applications boosts the
global robotic vision market. Conversely, compatibility issues, and low
adoption of robotic vision in small-scale enterprises are the major factors
expected to impede the market growth.
Major Players:
Players leading the global Robotic
Vision Technologies Market include Yaskawa Electric Corporation (Japan), FANUC
Corporation (Japan), OMRON Corporation (Japan), Cognex Corporation (U.S), KUKA
AG (Germany), ABB Group (Switzerland), Keyence Corporation (Japan), Kawasaki
Heavy Industries Ltd. (Japan), SICK AG (Germany), and Basler AG (Germany),
among others.
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Increasing demand for automated
industrial processes from various sectors further drives the growth of the
global robotic vision market. Increase in investments by production and
manufacturing companies in research and development of robotic vision technologies
scale up the development of the market. Additionally, the rise in demand for
improved quality, safety, and efficiency of industrial automated process
influence the global robotic vision market share.
Moreover, increased flexibility
and rapid deployment of robotic vision in industrial production lines are some
other factors pushing the growth of the market. Furthermore, the increasing
adoption of cognitive humanoid robots for various applications boosts the
global robotic vision market. Conversely, compatibility issues, and low
adoption of robotic vision in small-scale enterprises are the major factors
expected to impede the market growth.
Global Robotic Vision Market
- Segmentation
The report is segmented into five
dynamics;
By Component: Hardware
(cameras, optics, filters, lenses, sensors, others) and software (tracking,
image processing, others).
By Technology: 2D and
3D.
By Application: Material Handling, Welding,
Load/Unload, Bin Picking, Assembly, Processing, Washing, Painting, Inspection
& Testing, Assisted Living, and others.
By Vertical : Automotive, Aerospace, EMS
(electronic manufacturing services), Food & Beverages, Rubber&
Plastics, Precision Engineering & Optics, Pharmaceuticals & Cosmetics,
Consumer, Military, Healthcare, and others.
By Regions:
Europe, North America, Asia Pacific, and Rest-of-the-World.
Global Robotic Vision Market
- Regional Analysis
The Asia Pacific region
dominates the global robotic vision market. The leading market share attributes
to the growing industrialization in countries like India and China. Besides,
the rising adoption of automation in quality control and material handling
applications drives the growth of the regional market.
Moreover, significant advances in
robotics, alongside the massive uptake of automation in the burgeoning
automotive sector, foster the growth in the regional market. Also, increased
R&D investments led by the rapid economic growth in the region, and
advanced automotive robotic technology propel the regional market. The APAC robotic
vision market is projected to retain its dominance throughout the forecast
period.
North America accounts for the
second-largest share in the global robotic vision market. The region is a hub
for and has state-of-the-art development centers, allowing the ease of
designing, programming, and implementation of advanced robotics. Additionally,
the market growth is driven by substantial investments by companies in the
development of machine learning and deep learning technologies for image
processing.
Furthermore, the rising adoption
of automation in the food and beverage industry boosts the growth of the
robotic vision market in the region. Moreover, the presence of a
well-established automotive sector and a number of automakers who strive to
improve automation in their manufacturing processes positively impact the
growth of the regional market.
The Europe robotic vision market
has emerged as a promising market globally. Factors such as the strong presence
of auto manufacturers and the need for automated vehicle manufacturing
processes influence the regional market growth. Besides, increasing R&D
activities to develop robotics are other factors acting as tailwinds for the
growth of the regional market. Germany, heading with both a flourishing
automotive sector and the availability of futuristic technologies, lead the
regional market.
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Industry/ Innovation/ Related
News
October 08, 2020 ----- Omron
Corporation (Japan), an electronics industrial automation company, launched the
world’s first robotic integrated controller – NJ501-R. New fully automated
production system offers real-time synchronization between all automation
equipment, including robots, vision components, drives, and safety
equipment.
With the integrated controller,
it would be possible to automate advanced and complex manual work, simulate the
design & modification of production facilities in a virtual environment,
and conduct maintenance remotely.
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