Robotic Vision Market Size is estimated to grow at a CAGR of 11.5% during the forecast period
Recent developments in artificial intelligence and computer
vision, as well as the rising demand for automation across numerous industries,
have all contributed to the market for robotic vision enjoying tremendous
growth. Robotic vision systems can be integrated to enable robots to carry out
complicated tasks in dynamic and unstructured situations, enhancing efficiency,
productivity, and security. By 2030, the robotic vision market is
anticipated to reach USD 5.2 billion, growing at a CAGR of 11.5% from 2023 to
2030.
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Robotic vision refers to the ability of a robot or
independent framework to perceive and interpret visual information from its
environment using sensors, cameras, and computer vision algorithms. Robots can
now grasp and interact with their environments in a similar way that humans do
by using their eyesight to explore and appreciate their surroundings. It has
several uses, including modern computerization, autonomous vehicles, scouting,
health care, farming, and the study of mechanical technology. It is essential
for allowing robots to engage with the outside environment successfully and on
their own.
Growth Drivers:
Automation is being used by businesses in a wide range of
areas to increase output, efficiency, and accuracy. Robotic vision is essential
for helping robots observe and comprehend their surroundings, which enables
them to carry out tasks precisely and adaptably.
Robotic vision systems now
have much greater capabilities thanks to significant developments in computer
vision technology including deep learning algorithms, neural networks, and
image processing methods. Since the price of cameras, sensors, and processing
gear has been falling over time, a wider range of businesses and applications
may now afford and use robotic vision systems.
Robotics, such as surgical robots, rehabilitation robots,
and assistive robots, is being employed more and more in healthcare
applications. For precise and secure interactions between robots and patients,
robotic vision systems are essential. The demand for robotic vision technology in
the healthcare industry is a result of the increasing use of healthcare
robotics.
Robotic Vision Market Segmentation:
·
ByType:2D Vision Systems, 3D
Vision Systems, 4D Vision Systems
·
By Detection Algorithm: Contour-Based,
Correlation-Based, Feature Extraction, Cloud of Points
·
By Offerings: Hardware,
Software, Services
·
By Application: Welding
& Soldering, Assembling & Disassembling, Cutting, Pressing, Grinding,
and Debarring, Measurement, Inspection, and Testing, Identification &
Feature Extraction, Material Handling, Painting, Other Applications
·
By End User: Automotive,
Electronics and Semiconductors, Aerospace and Defense, Food and Beverage,
Pharmaceutical and Healthcare, Security and Surveillance, Other End-User
Industries
·
By Region:
North America, Europe, Asia-Pacific, Latin America, Middle East & Africa
Robotic Vision
Market Key Global Players:
Numerous players are vying for market share and investing
in new technologies and product development to stay ahead of the curve in the
market. Several key global players in the robotic vision market
include:
· Qualcomm
Technologies, Inc.
· Keyence
Corporation
· FANUC
Corporation
· ABB
Group
· Sick
AG
· Hexagon
AB
· OMRON
Corporation
· Advantech
· ISRA
Vision
· Xenics
NV
· Cognex
Corporation
· Other
Players
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