According to IMARC Group’s latest report, titled “Vision Guided Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global vision guided robotics market reached a value of US$ 6.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 13.4 Billion by 2027, exhibiting a CAGR of 14.42% during 2022-2027. Vision guided robotics refer to computer operated robots that are generally used for inspection and detection of faults in industrial machines. They are widely adopted for multiple tasks that are beyond the potential of humans, including dimension and appearance inspection and picking and positioning. They are usually equipped with vision processing and lighting systems, image sensors, and lenses and communication tools that allow simultaneous operations in one process. As a result, they aid in automating manual work, improving the speed of production and eliminating expensive fixtures while significantly enhancing the overall productivity.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
The global vision guided robotics market is primarily driven by the increasing demand for vision guided robots across the industrial sector. Along with this, the rising adoption of automation on account of rapid digitization in multiple sectors and the escalating need for enhanced safety for workers and equipment across factories are creating a positive outlook for the market. In line with this, continual technological advancements and the widespread integration of three-dimensional (3D) technology and high-definition (HD) cameras with vision guided robot systems are providing lucrative growth opportunities in the market. Additionally, the increasing deployment of the product in autonomous cars for assisting drivers in recognizing and identifying potential hazards is contributing to the product uptake. The market is further driven by the growing product utilization in the manufacturing of defense systems and advanced weapons. Other factors, including rapid industrialization and extensive research and development (R&D) activities conducted by key players, are also favorably influencing the market growth.
Vision Guided Robotics Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the vision guided robotics market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- ABB Ltd.
- Allied Vision Technologies GmbH
- Basler AG
- Bastian Solutions LLC (Toyota Industries Corporation)
- Cognex Corporation
- DENSO Corporation
- FANUC Corporation
- ISRA Vision AG (Atlas Copco)
- Kawasaki Heavy Industries Ltd.
- OMRON Corporation
- Universal Robots A/S (Teradyne Inc.)
- Yaskawa Electric Corporation
Key Market Segmentation:
The report has segmented the global vision guided robotics market on the basis of type, component, industry vertical, region.
Breakup by Type:
- 2D-Vision System Robots
- 3D-Vision System Robots
Breakup by Component:
- Hardware
- Software
- Services
Breakup by Industry Vertical:
- Automobile
- Electrical and Electronics
- Aerospace and Defense
- Foods and Beverages
- Healthcare and Pharmaceutical
- Metal Processing
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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