Vision Guided Robotics Market Size, Share, Growth Analysis, By Component(Hardware, Software, and Services), By Type(2D Vision, 3D Vision), By Application(Automobile, Electrical & Electronics, Healthcare & Pharmaceutical, Aerospace & Defense), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45A2354 | Region: Global | Published Date: October, 2024
Pages: 196 |Tables: 95 |Figures: 71

Vision Guided Robotics Market Insights

Global Vision Guided Robotics Market size was valued at USD 12.82 billion in 2022 and is poised to grow from USD 13.82 billion in 2023 to USD 25.25 billion by 2031, growing at a CAGR of 7.82% during the forecast period (2024-2031).

Vision robotics has been widely adopted in the automotive, food and beverage, metal fabrication, and electronics industries. The vision-guided robotics market is influenced by the increasing demand for automation of processes, reducing repetitive tasks and manual interventions, enhancing quality of life. The use of robotic technology enables organizations to improve productivity and efficiency and reduce operating costs. Moreover, high labor costs, development of intelligent technologies and energy efficient solutions but with high initial investment and lack of robotics expertise drive the global vision guided robotics market.

Currently, due to the rapidly advancing technology across the globe, there has been an increase in the adoption of VGR systems in industrial and manufacturing transportation. This represents one of the major factors driving the growth of the market. In addition to this, the demand for automation and security is increasing at many industry levels. This, along with the many advantages that VGR systems have over conventional robots in terms of usability and customization, are positively impacting their overall sales Moreover, major market players are exploring the use of advanced robots with high definition (HD) cameras and precision features have arrived. Continued funding for development activities (R&D), visionary systems of obstacle detection and avoidance skills help these advanced robots perform delicate tasks such as driving, flying and telephony various types. Also, elites are rapidly expanding computing power, improving high-quality software libraries, and making advances in cameras.

Market snapshot - 2024-2031

Global Market Size

USD 7.7 Billion

Largest Segment

2D Vision

Fastest Growth

3D Vision

Growth Rate

10.7% CAGR

Global Vision Guided Robotics Market ($ Bn)
Country Share for North America Region (%)

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Vision Guided Robotics Market Segmental Analysis

Global Vision Guided Robotics Market is segmented by Component, Type, Application, and Region. Based on Component, the market is segmented into Hardware, Software, Services. Based on Type, the market is segmented into 2D Vision, 3D Vision. Based on Application, the market is segmented into Automobile, Electrical & Electronics, Healthcare & Pharmaceutical, Aerospace & Defense, Food & Beverage, Logistics, Welding, Inspection and Cleaning, Painting and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. 

Analysis by Application

The logistics segment is the dominant segment over the forecast period. This category is one of the most widely used applications in many areas such as food and beverage storage. Traditionally, most robots were attached to assembly lines and conveyor belts and operated. However, the performance of these robots is hindered by the involvement of some manual tasks. In addition, manufacturing processes were much slower due to the performance of conventional robots. To solve this problem, the robots were equipped with several vision systems, allowing them to visualize objects.

The welding segment is the fastest growing region in the market. Equipped with advanced imaging technology, vision-guided robotic systems enable precise control of welding processes. These systems can identify specific weld joints, adjust torch angles, and control welding parameters in real time based on workpiece geometry conditions. This accuracy results in higher quality welds with fewer defects and repeatable work, and it improves overall performance, stuff. and waste is reduced. Visually guided robots can weld complex geometries and irregularities whether it’s welded seams in automotive body panels, complex parts in aerospace structures, or pipes in industrial applications, these robots this need to go through a workshop, adjust for changes composition; and use vision systems to maintain consistent weld characteristics on various surfaces.

Analysis by Type

2D vision is the dominating segment in the market. The main application of these robots is in industrial applications, especially in assembly. One of the main types of vision systems used in industrial robots is 2D vision because it enables these robots to detect conveyor belt movements The main advantage of 2D vision is that many operations have better quality and art. It helps in the efficiency of various tasks. Furthermore, the technical requirements that enable these robots to manipulate objects that reach a large geometry are due to the two-dimensional vision systems integrated in industrial robots and therefore such features are expected to be provided by this segment boosting the growth momentum of the market during the forecast period.

The 3D vision system provides depth of field, allowing robots to accurately perceive their three-dimensional environment. This increases the ability to detect objects, navigate complex environments and perform tasks with greater accuracy compared to traditional secondary vision systems. 3D vision technology enables robots to distinguish more effectively between objects of different shapes, sizes and directions. This capability is essential for bin picking, sorting, assembly and quality monitoring applications in industries ranging from vehicle manufacturing to logistics and healthcare. Robots guided by 3D vision can adapt to changes in their environment and handle a wide variety of objects with different characteristics. They can adapt their movements and adopt paths based on real-time feedback from the 3D vision system in the 19th century, making them suitable for dynamic and unstructured work environments.

Global Vision Guided Robotics Market By Type (%)

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Vision Guided Robotics Market Regional Insights

Asia-Pacific is a strong global manufacturing region, with countries such as China, Japan, South Korea and Taiwan leading the way in industrial manufacturing. Vision-guided robots are widely used in regional manufacturing facilities such as assembly, packaging, palletizing and quality control. Rapid industrialization and urbanization in Asia Pacific are driving demand for automation solutions to improve productivity to meet growing customer demands Robots guided by vision meets these needs by providing flexible, scalable and cost-effective automation solutions for businesses. Asia Pacific is home to some of the world’s largest electronics manufacturers, producing semiconductors, consumer electronics and mobile devices and vision-guided robots form the electronic manufacturing process major segment, providing services such as PCB assembly, component installation and inspection with great accuracy and speed.

North America, particularly the United States, is a hub for technological innovation and research. Many large robotics companies, vision system manufacturers and technology startups are based in this area, fueling the development of vision-guided robotics. North America has a diversified technology sector, including automotive, aerospace, electronics, healthcare and logistics. These industries are major users of vision-guided robots for applications such as assembly, welding, inspection, pick-and-place, and material handling. North America’s manufacturing sector is characterized by high levels of automation and productivity.

Global Vision Guided Robotics Market By Geography
  • Largest
  • Fastest

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Vision Guided Robotics Market Dynamics

Drivers

Increase in Recognition among SMEs

  • The adoption of robots by SMEs has increased recently. SMEs use robots to improve efficiency and efficiency in processes within organizations. Customization for specific applications increases small business demand for usability, which will be addressed by further technological advancements. Vendors in the market are developing unique cost-effective energy-saving robotic solutions for SMEs, which will increase the adoption of robots.

Technological Advances

  • With the advent of new technologies, better and more efficient robotic solutions have been provided in the market. These robots perform tasks with accuracy and precision and help reduce costs. New technologies are making robotic solutions smaller and more modular. Advanced technology leads to better and more flexible robots. Increasing use of augmented and modular robots will fuel the market in future.

Restraints

Rising Labor and Energy Costs

  • Labor costs have risen worldwide, especially in the developed world. Organizations are using robotic solutions to reduce their labor and energy costs. However, initial costs are high, robotic solutions enable them to manage their systems more efficiently, while reducing their overall operating costs. As robotic technology improves, future cost increases will not affect the market great influence.

High Initial Savings

  • The high initial cost required for initial installation and integration limits the use of robots in heavy manufacturing organizations. Companies with high labor costs want to use robots to reduce their labor costs and produce higher quality products. Industries, where accuracy and precision play a key role such as automotive electronics, use robots to meet international quality standards. However, with the emergence of new robotic technologies, and increasing competition in the market, the cost of vision-guided robotic systems will decrease in the future.

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Vision Guided Robotics Market Competitive Landscape

The competitive environment of the Global Vision Guided Robotics Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Established organizations within the industry leverage techniques inclusive of product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position. Additionally, the market is witnessing elevated opposition from local and neighborhood producers supplying cost-powerful options.

Top Player’s Company Profiles

  • ABB Ltd. 
  • Basler AG 
  • Nachi-Fujikoshi Corporation 
  • Denso Corporation 
  • Cognex 
  • Midea Group 
  • Fanuc Corporation 
  • Atlas Copco Group 
  • Omron Corporation 
  • Pleora Technologies Inc. 
  • SICK AG 
  • Teradyne 
  • Yaskawa Electric Corporation 
  • Mitsubishi Electric Corporation 
  • Keyence Corporation 
  • Epson Robots 
  • Teledyne Technologies 
  • Staubli Robotics 
  • Festo AG 
  • TKH Technologie Deutschland AG 
  • Robotiq 
  • Hikvision Robotics 
  • Mech-Mind Robotics

Recent Developments

  • 2019: ISRA announces four-camera sensor solution. It has high speed scanning and data processing for basically fully automated bin picking to take it to the next level of operation.
  • 2018: Basler announces the acquisition of Silicon Software GmbH, to further expand its product portfolio for computer vision applications.
  • 2018: DENSO designed the New Vision Sensor specifically to improve night driving safety. It is used to reduce accidents by detecting pedestrians and other road users in low light.

Vision Guided Robotics Key Market Trends

  • Flexible Communication Cables: The reduction in the cost of electronic components has boosted the robotics industry. Assembly lines are one of the major areas for these industrial robots. The adoption of vision-guided robots in various applications is increasing, including welding, picking and packaging, painting, inspection and other tasks requiring high accuracy and quality improvement. In addition, vision robots are increasingly used for clear visualization. For example, a 2D-vision system helps robots detect the motion, size, and shape of objects. In addition, the advent of advanced technologies has led to the development of 3D vision systems that allow robots to estimate the depth and height of objects and therefore such systems have been widely used in robotic systems, used in assembly lines and in manufacturing. Thus, such factors are expected to bolster growth of the global vision guided robotics market during the forecast period.

Vision Guided Robotics Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

Widespread adoption of this technology in various applications is expected to be a key driver of market demand. Furthermore, increased efficiency and flexibility while shifting to digital systems is expected to further drive the market growth. Lack of effective labor and corporate standards can hinder market growth. Low return on investment can also act as a deterrent to machine vision and vision-guided robotics. Increasing technological knowledge and innovation can create new opportunities for market growth. The device market can be segmented based on product, technology and application. The product segment includes cameras, frame grabbers, lighting & optics, hardware, software, and processors Line & area scan cameras, CCD & CMOS sensors are some of the technologies used in the market Machine vision and vision robotics technologies are used use for various technical and non -technical applications for such as automotive, semiconductor, electronics, metal, glass, wood & paper, medical devices, printing, transportation, security & surveillance, military & security, medical imaging and traffic control.

Report Metric Details
Market size value in 2022 USD 12.82 billion
Market size value in 2031 USD 25.25 billion
Growth Rate 7.82%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Component
    • Hardware, Software, and Services
  • Type
    • 2D Vision, 3D Vision
  • Application
    • Automobile, Electrical & Electronics, Healthcare & Pharmaceutical, Aerospace & Defense, Food & Beverage, Logistics, Welding, Inspection and Cleaning, Painting and Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • ABB Ltd. 
  • Basler AG 
  • Nachi-Fujikoshi Corporation 
  • Denso Corporation 
  • Cognex 
  • Midea Group 
  • Fanuc Corporation 
  • Atlas Copco Group 
  • Omron Corporation 
  • Pleora Technologies Inc. 
  • SICK AG 
  • Teradyne 
  • Yaskawa Electric Corporation 
  • Mitsubishi Electric Corporation 
  • Keyence Corporation 
  • Epson Robots 
  • Teledyne Technologies 
  • Staubli Robotics 
  • Festo AG 
  • TKH Technologie Deutschland AG 
  • Robotiq 
  • Hikvision Robotics 
  • Mech-Mind Robotics
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Vision Guided Robotics Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Vision Guided Robotics Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Vision Guided Robotics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Vision Guided Robotics Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Vision Guided Robotics Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Vision Guided Robotics Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

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FAQs

Global Vision Guided Robotics Market size was valued at USD 12.82 billion in 2022 and is poised to grow from USD 13.82 billion in 2023 to USD 25.25 billion by 2031, growing at a CAGR of 7.82% during the forecast period (2024-2031).

The competitive environment of the Global Vision Guided Robotics Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Established organizations within the industry leverage techniques inclusive of product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position. Additionally, the market is witnessing elevated opposition from local and neighborhood producers supplying cost-powerful options. 'ABB Ltd. ', 'Basler AG ', 'Nachi-Fujikoshi Corporation ', 'Denso Corporation ', 'Cognex ', 'Midea Group ', 'Fanuc Corporation ', 'Atlas Copco Group ', 'Omron Corporation ', 'Pleora Technologies Inc. ', 'SICK AG ', 'Teradyne ', 'Yaskawa Electric Corporation ', 'Mitsubishi Electric Corporation ', 'Keyence Corporation ', 'Epson Robots ', 'Teledyne Technologies ', 'Staubli Robotics ', 'Festo AG ', 'TKH Technologie Deutschland AG ', 'Robotiq ', 'Hikvision Robotics ', 'Mech-Mind Robotics'

The adoption of robots by SMEs has increased recently. SMEs use robots to improve efficiency and efficiency in processes within organizations. Customization for specific applications increases small business demand for usability, which will be addressed by further technological advancements. Vendors in the market are developing unique cost-effective energy-saving robotic solutions for SMEs, which will increase the adoption of robots.

Flexible Communication Cables: The reduction in the cost of electronic components has boosted the robotics industry. Assembly lines are one of the major areas for these industrial robots. The adoption of vision-guided robots in various applications is increasing, including welding, picking and packaging, painting, inspection and other tasks requiring high accuracy and quality improvement. In addition, vision robots are increasingly used for clear visualization. For example, a 2D-vision system helps robots detect the motion, size, and shape of objects. In addition, the advent of advanced technologies has led to the development of 3D vision systems that allow robots to estimate the depth and height of objects and therefore such systems have been widely used in robotic systems, used in assembly lines and in manufacturing. Thus, such factors are expected to bolster growth of the global vision guided robotics market during the forecast period.

Asia-Pacific is a strong global manufacturing region, with countries such as China, Japan, South Korea and Taiwan leading the way in industrial manufacturing. Vision-guided robots are widely used in regional manufacturing facilities such as assembly, packaging, palletizing and quality control. Rapid industrialization and urbanization in Asia Pacific are driving demand for automation solutions to improve productivity to meet growing customer demands Robots guided by vision meets these needs by providing flexible, scalable and cost-effective automation solutions for businesses. Asia Pacific is home to some of the world’s largest electronics manufacturers, producing semiconductors, consumer electronics and mobile devices and vision-guided robots form the electronic manufacturing process major segment, providing services such as PCB assembly, component installation and inspection with great accuracy and speed.

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Vision Guided Robotics Market

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