Vision-Guided Robotics Market By Type (2D-vision system and 3D-vision system), By Component (Hardware, Software, and Services), By Application (Automobile, Aerospace & Defense, Healthcare & Pharmaceutical, and Electrical & Electronics) - Analysis & Forecast 2019-2030
Report ID : 226 | Published Date : Feb 2020 | Pages : 180 | Region : Global | Report Code : IT-17
Vision-guided Robotics Market Introduction & Overview
Traditional industrial robots were designed to perform simple tasks whereas vision-guided robots are capable of performing critical tasks with variation and flexibility. Vision-guided robotic systems is a collective term for vision systems and image processing systems, which are equipped with one or more cameras for position detection and inspection. They work using a combination of cameras, cables, frame grabbers, and software for identification and proper orientation of objects. In addition, they can capture detailed minor information, such as small cosmetic details, which are otherwise very difficult to obtain. Vision-guided robots offer automation, which improves quality, productivity, and cost-efficiencies in industrial operations. Owing to the several advantages offered by them, they are utilized in industries such as automotive, pharmaceutical, and food & dairy, among others.
The increasing initiatives by governments to promote advancements toward automation in a diverse range of industrial verticals are propelling market growth of vision-guided robotics. However, the high initial investments associated with the automation of industrial plants are hampering the market growth.
The global vision-guided robotics market is segmented by type, component, application, and region.
Vision-guided Robotics Market by Type
Based on type, the vision-guided robotics market can be segmented into a 2D-vision system and 3D-vision system. The 3D-vision system segment is estimated to account for the largest market share globally. This large share can be attributed to the increasing adoption of the 3D-vision systems owing to data precision. This data includes object flatness, surface angle & volume, measurement stability, repeatability, and multi-sensor stitching.
Vision-guided Robotics Market by Component
Based on component, the market can be segmented into hardware, software, and services. The hardware segment is estimated to account for the largest market share. Technological advancements in the hardware segment are contributing to the growth of this segment.
Vision-Guided Robotics Market by Application
Based on application, the market can be segmented into automobile, aerospace & defense, healthcare & pharmaceutical, electrical & electronics, and others. The automobile segment is estimated to account for the largest market share. The automotive manufacturing industry is one of the quickest and largest adopters of industrial robotic technology, which is contributing to the growth of this segment.
Vision-Guided Robotics Market by Region
The global vision-guided robotics market can be segmented into North America, Europe, Asia Pacific, and the Rest of the World (ROW). Asia Pacific dominated the vision-guided robotics market followed by North America and Europe. Asia Pacific dominated the global vision-guided robotics market owing to the large presence of several automotive and electrical & electronics industries in China. Asia Pacific is also expected to witness the highest CAGR, with increasing adoption of robots in several industry verticals and increasing initiatives of governments in this region to drive automation and in turn, reduce production costs.
Vision-guided Robotics Market Prominent Players
Some of the prominent players in the vision-guided robotics market include Cognex Corporation, Omron Corporation, ABB, ISRA VISION AG, Basler AG, FANUC America Corporation, Yaskawa America, Inc, Kawasaki Heavy Industries, Ltd., Universal Robots, and DENSO WAVE INCORPORATED, among others.