Vision Guided Robots Market to Reach USD 20.10 billion by 2030
Global Vision Guided Robots Market generated USD 6.12 billion in 2021, and is projected to reach USD 20.10 billion by 2030, witnessing a CAGR of 12.7% from 2022 to 2030. The vision guided robotics market is driven by increasing need for automation & safety, high labor cost, dearth of skilled labor, and rise in investments in R&D activities. However, high initial cost and lack of awareness among small- and medium-enterprises (SMEs) are expected to marginally hamper the global vision guided robotics market size during the forecast period.
Vision Guided Robots Market: Overview
The vision guided robots are the robots that work on the technology where the functionality of the sensor is performed by the camera by providing the feedback to the robot supervisor in order to accurately move an object to destined location. The basic functionality of these robots is to capture the images and then transmit them to the processor for further processing and then the data is generated.
Vision Guided Robots Market: Facts
In a manufacturing organization, the vision guided robots are used for the following applications for the machine tending, loading and unloading of machines and the pallets onto the machines, to pick and properly place the products, and for the identification of the objects.
Vision Guided Robots Market: Segmentation
The global market for the vision guided robots is fragmented into its application and technology. Based on the application, the global market is segregated into Electrical and electronics, Food and beverage, Metal processing, Automobile, Aerospace and defense, and Healthcare and pharmaceutical. Based on the technology, the market is categorized into two-dimension and three-dimensional.
Vision Guided Robots Market: Growth Factors
The key factor that is driving the growth of the vision guided robots market is the increasing rate of the automation in the industrial sectors. In order to maintain the production lines and deliver products of high quality, the industries are making use of the vision guided robots. There are certain applications that require customization of the products to increase the flexibility which will be met by the latest technological developments. The safety standards for the workers are becoming more rigorous thus the robots are being employed in the unsafe working conditions. The factors that are limiting the growth of the market is the high cost that is required at the initial phase of the integration and the installation. Other factors that are limiting the growth of the market are the cameras going out of order and the lack of the skilled professionals to operate the robots. The cameras that are now available in the market have different resolutions which act as a challenge for the vision guided robots.
Vision Guided Robots Market: Regional Analysis
The region that holds the top position in the vision guided robots market is Asia Pacific region due to its increasing demand and the significantly growing industrial sectors. In the developing countries such as China and India, there is an increased rate of industrialization which increases the adoption of the robotic technology. Due to the increased presence of the MNCs and SEMS, the North America region will witness an exceptional market growth in the coming years. In the Middle East and Africa, the development of the oil and the gas industry has increased the requirement for safety and precision thus increasing the demand for the vision guided robots.
Vision Guided Robots Market: Competitive Players
The key market players that are involved in the vision guided robots market include -
- Denso Corporation
- Fanuc America Corporation
- Basler AG
- Allied Vision Technologies
- JMP Engineering
- Adept
- Nachi Fuykashi
- Kamasaka
- Kuka
- Omron Corporation
- Isra Vision AG
- The Yaskawa Electric Corporation
- Cognex Corporation
- ABB Group
- R and D Equipment
- Comau
- Epson
- Faune.
Vision Guided Robots Market: Regional Segment Analysis
- North AmericaU.S.
- EuropeUKFranceGermany
- Asia PacificChinaJapanIndia
- Latin AmericaBrazil
- Middle East and Africa
What Reports Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market.
About Zion Market Research:
Zion Market Research is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Zion Market Research are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds.
Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.
Contact Us:
Zion Market Research
USA: +1 3479038971 | +1 7187054574
USA/Canada Toll Free: 1 (855) 465–4651 | Newark: 1 (302) 444–0166
UK: +44 2032 894158
India: +91 7768 006 007 | +91 7768 006 008
Email: sales@zionmarketresearch.com | Web: https://www.zionmarketresearch.com/
Follow Us on — LinkedIn | Twitter | Facebook | Pinterest | YouTube
Also Read Our Blogs: https://zmrblog.com/