Market Research Future published a research report on “Global Robotic Vision Market Research Report- Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Global Robotic Vision Market – Overview
Robotic Vision is a technology equipped with camera hardware and computer algorithms and program to visualize objects. It can be deployed for a number of applications such as inspection & testing, material handling, packaging & palletizing, welding & cutting with accuracy while ensuring safety, precision and quality in the manufacturing process. Robotic Vision also helps to gain efficiency in the operation and currently being deployed in most of manufacturing companies.
According to a recent study report published by the Market Research Future, the global Robotic Vision Market has been valued at US ~$4 billion in the year 2015 which is expected to grow at US ~$9 billion by the end of forecast year with CAGR of ~12%.
Robotic vision is mainly driven by the necessity for vision technology in the manufacturing industries and increasing quality standards. Global market for Robotic Vision Market gaining a huge traction in intelligent homes market today, owing to the capability to assists the elderly people in day-to-day tasks. Intelligent homes are precisely custom designed for the ageing populace. Intelligent homes market is growing with the ageing population at a comprehensive rate worldwide and so is Robotic Vision Market growing along with it. Growing demand for intelligent homes, government regulations about sanitation in food processing industry and rising need of precise, safe and reliable vision guided robots in different verticals are also few of factors contributing to the growth of robotic vision market. Nonetheless, high initial investment and lack of global standards for robotic implementation are some of the major challenges for the robot vision Market.
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Global Robotic Vision Market – Key Players
The global robotic vision market appears to be highly fragmented, with the presence numerous well established vendors having regional and international presence. Providers in the market compete based on pricing, innovation, service, reputation, distribution, and promotion. As the market is still in its infancy stage, small vendors with innovative solutions have chances of being acquired by large players in the market.
The Key players in the market of Robotic Vision are- FANUC Corporation (Japan), Yaskawa Electric Corporation (Japan), OMRON Corporation (Japan), KUKA AG (Germany), Cognex Corporation (U.S), ABB Group (Switzerland).
Other prominent players are Kawasaki Heavy Industries Ltd. (Japan), Keyence Corporation (Japan), SICK AG (Germany), Basler AG (Germany) among others.
Global Robotic Vision Market – Segments
Robotic Vision Market can be segmented in to 5 key dynamics for the convenience of the report and enhanced understanding;
- Segmentation on the basis of Component: Comprises – Hardware and Software. Hardware (Cameras, Optics, Filters, Lenses and Sensors) and Software segment (Tracking and Image Processing)
- Segmentation on the basis of Technology: Comprises – 2D and 3D.
- Segmentation on the basis of Applications: Comprises – Welding, Manufacturing, Inspection & Testing Painting and Packaging & Palletizing among others.
- Segmentation on the basis of Verticals: Comprises – Industries, Consumer, Healthcare, Military & Defense, and Government among others.
- Segmentation By Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Robotic Vision Market – Regional Analysis
Asia-Pacific is emerging as the fastest growing market for Robotic Vision and is expected to be the biggest market by the end of forecast period owing to the rise in demand for industrial robots in manufacturing and automation industries in this region.
Currently North America holds second position in the Robotic Vision market due to deployment of vision guided robots in food & beverages and manufacturing industries.
Robotic Vision Market in Europe is driven by the automotive industries. Presence of global players in the Robotic Vision market, such as SICK AG (Germany), Basler AG (Germany) and KUKA AG (Germany) is also supporting the market.
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Intended Audience
- Robotics Industries
- Automotive Industries
- Manufacturing Companies
- OEMs
- Technology investors
- Scientists, Researchers
- Government as well as Independent Regulatory Authorities
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