Vision Guided Robotics Market Size to grow by USD 5761.1 million between 2024-2028
According to a research report “ Vision Guided Robotics Market” by Application (Logistics, Welding, Inspection and cleaning, Painting) Type (2D-Vision, 3D-Vision) Geography (APAC, North America, Europe, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 5761.1 million, at a CAGR of 12.14% during the forecast period. In the Vision Guided Robotics Market, the primary catalyst fueling new product innovation is the increasing accessibility of advanced electronic components, specifically sensors and cameras. This trend is driven by ongoing research and development in industrial applications, resulting in a significant decrease in the cost of these components. Notably, technological advancements have led to the creation of intelligent sensors and cameras, enhancing industrial robots' ability to perceive objects with greater precision. Previously, a large number of cameras and sensors were employed for 3D vision technology, with PC software controlled by a dedicated vision operator. However, this approach required frequent customized programming, which has since been supplanted by more efficient and adaptable solutions..
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By Application, the Logistics segment is projected to dominate the market size in 2024
In the logistics sector, particularly in food and beverage and warehouse and logistics industries, traditional industrial robots were previously limited to assembly lines and conveyor belts, resulting in suboptimal performance and frequent manual interventions. Vision systems have been integrated into robots to enhance their capabilities, enabling them to visualize objects through 2D-vision technology. This innovation significantly improves the robots' ability to identify the shape, size, and position of objects, thereby increasing efficiency and productivity in the palletizing process for packaging applications. Vision-guided robotics is a game-changer in the logistics industry, streamlining operations and reducing human intervention.
By Type, 2D-Vision segment is expected to hold the largest market size for the year 2024
Vision guided robotics has seen significant growth in industrial applications over the past 15 years, driven by advancements in robotic technology and the integration of vision systems. Traditional industrial robots, primarily used in assembly applications, have been enhanced with 2D-vision systems, enabling them to identify and process objects in two dimensions on a conveyor belt. This integration refines industrial operations by improving production quality and efficiency. Vision guided robotics is increasingly being adopted across various industries, particularly in transportation and surveillance, with drones and autonomous ground vehicles being key applications. The ability of these robots to interpret and respond to their environment in real-time is revolutionizing manufacturing processes and logistics operations.
APAC is forecasted to hold the largest market size by region in 2024
The Vision Guided Robotics Market represents a significant growth opportunity for businesses seeking to automate their manufacturing processes. This technology enables robots to navigate and manipulate objects based on visual information, enhancing productivity and accuracy. Key players in this market include companies like Keyence Corporation, Cognex Corporation, and Omron Automation. The market is driven by factors such as increasing demand for automation in various industries and advancements in computer vision technology.
The Vision Guided Robotics Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
Vision Guided Robotics (VGR) is a subfield of robotics that utilizes cameras and software to enable robots to navigate and interact with their environment. With rising energy costs and the need to automate processes in various industry verticals, VGR has gained significant attention. VGR systems are particularly useful in rough terrains and hazardous environments where human intervention is risky or cost-prohibitive. The Aerospace & Defense, Healthcare & Pharmaceutical, Electrical & Electronics, Automobile, and Software industries are major resources driving the growth of the VGR market. The setup and design of VGR systems involve the integration of a camera, sensors, actuators, robot controller, feedback indication, and software to help robots identify and target the location of objects. In the Automobile industry, VGR is used for tasks such as welding, painting, and assembly. In the Electrical & Electronics industry, VGR is used for pick-and-place operations. In the Healthcare & Pharmaceutical industry, VGR is used for tasks such as pill counting and medical device assembly. In the Aerospace & Defense industry, VGR is used for tasks such as inspection and assembly of complex parts. The use of VGR in rough terrains and hazardous environments addresses labor safety concerns, reduces human intervention, and increases efficiency. The market for VGR is expected to grow significantly in the coming years due to its versatility and ability to adapt to various industry applications.
Market Research Overview
Vision Guided Robotics Market: Trends, Challenges, and Investment Pockets Vision Guided Robotics (VGR) technology has gained significant traction in diverse industries due to the need for automation, flexibility, and improved production efficiency. The rising costs of energy, labor, and operational expenditure have accelerated the adoption of VGR systems in various industry verticals. The Food & Beverage, Aerospace & Defense, Healthcare & Pharmaceutical, Electrical & Electronics, Automobile, and other sectors are investing in VGR technology to reduce wastage of resources, minimize human errors, and ensure quality. Customized robots are being developed to cater to the unique requirements of rough terrains and hazardous environments, addressing labor safety concerns. The technology involves the use of controllers, sensors, cameras, and actuators to enable robots to identify and navigate to the target location. The VGR market is expected to grow significantly due to the increasing complexity of production processes and the need to minimize costs. The market is segmented into hardware, software, components, and services. The hardware segment includes robots, controllers, sensors, cameras, and other components. The software segment includes vision algorithms, robot control software, and feedback indication systems. The rising labor costs and the need for automation have created significant investment pockets in the VGR market. However, the high initial investment costs and the complexity of setting up and designing vision-guided robotic systems remain major challenges. In conclusion, the vision-guided robotics market offers significant opportunities for investors and businesses looking to reduce operational costs, improve production efficiency, and ensure quality in various industry verticals. The technology is expected to continue to evolve, addressing the challenges of flexibility, technology resources, and cost, while delivering innovative solutions for the future.
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