According to the Astute Analytica study on the global Machine Vision and Vision Guided Robotics Market, the size of the market will increase from USD 14,970.12 Million and is projected to reach USD 29,705.23 Million by the year 2030, registering a remarkable compound annual growth rate (CAGR) of 8.22% from 2022 to 2030.
The segmentation section of the report focuses on every segment, along with highlighting the ones having a strong impact on the global Machine Vision and Vision Guided Robotics Market. The segmentation served as the foundation for finding businesses and examining their financial standings, product portfolios, and future growth potential. The second step entailed evaluating the core competencies and market shares of top firms in order to predict the degree of competition. A bottom-up method was used to assess the markets overall size.
Request To Download Sample of This Strategic Report: https://www.astuteanalytica.com/request-sample/machine-vision-and-vision-guided-robotics-market
Despite the driving factors, surging risk of cyber-attacks on industrial machine robots and devices are expected to hinder the market growth during the forecast period. Moreover, lack of standardization coupled with the high cost of vision robots is also estimated to negatively impact the market growth.
Growth Influencers:
Increasing applications in automotive vertical
In the automotive domain, machine vision and vision robotics have various applications, including inspections and robotic guidance. They use embedded vision sensors to find objects in 2- or 3-dimensional space and adjust paths for object positions, robots utilize machine vision for far better accuracy in critical activities. These include auto racking, bin picking, and positioning of part for assembly. Hence, increasing applications in automotive vertical are estimated to boost the market growth during the forecast period.
Segments Overview:
The global Machine Vision and Vision Guided Robotics market is segmented the component, platform, type, application, industry-application.
By Component,
The hardware segments volume is anticipated to grow at a CAGR of 8.35% owing to various technological advancements in sub-segments, such as sensors and infrared detectors, among others. The sensors segment is expected to surpass a market value of USD 2,000 million by 2028 and this value is estimated to hit around USD 2,593.4 million by 2030. This is owing to the rising number of players investing in this sub-segment. Within the software segment, the cloud-based sub-segment is anticipated to witness a growth rate of around 9.43%.
By Platform,
The vision guided robotics segments volume is estimated to cross a volume of around 1 lakh units by 2030 owing to the increasing demand of vision guided robotics. The camera based vision system segments market size if expected to be approximately 39% of the PC based market size by 2021 and is expected to reach up to 48% by 2030.
Download Sample Report, SPECIAL OFFER (Avail an Up-to 30% discount on this report- https://www.astuteanalytica.com/request-sample/machine-vision-and-vision-guided-robotics-market
By Type,
The 2D vision system segment is expected to account for the largest market share of more than 51% owing to the high adoption of these systems in automotive applications. Within this segment, the line scan sub-segment is estimated to witness a growth rate of 8.34% over the projected period.
By Application,
The gauging/measurement segment is anticipated to account for the largest market share of over 25% owing to the growing demand of vision robotics for this application. The material handling segments volume is anticipated to surpass around 35 thousand units by 2029 owing to the rising technological advancements in the segment. The assembling and disassembling segment is estimated to witness a growth rate of 9.55% in terms of its volume.
By Industry-By Application,
Within the automotive segment, the identification sub-segment is estimated to account for around 29.9% of the overall automotive segments market share. The food and beverages segments volume is expected to hit around 33,509 units by 2030 with a growth rate of 8.23% owing to the rapidly growing food and beverage industry. Also, within the food and beverages segment, the material handling sub-segment accounts for around 8.9% of the food and beverages industry. The healthcare and pharmaceuticals segment is anticipated to witness a growth rate of around 7.41% over the forecast period owing to the increasing adoption of automation in the healthcare and pharmaceuticals segment.
Request Full Report- https://www.astuteanalytica.com/request-sample/machine-vision-and-vision-guided-robotics-market
Regional Overview
Based on region, the global Machine Vision and Vision Guided Robotics market is divided into Europe, North America, Asia Pacific, South America, and the Middle East & Africa.
The North America region is expected to hold the largest market share of around 36% owing to the increasing use of robots in various industries and presence of various market players in the region.
Asia Pacific region accounted for the second largest market share and is also expected to witness the fastest growth rate during the forecast period owing to the rising adoption of novel technologies in emerging economies, such as China, India, and Japan.
Competitive Landscape
Key players operating in the global Machine Vision and Vision Guided Robotics market include Cognex Corporation, Basler AG, ISRA Vision AG, Teledyne Digital Imaging Inc., STEMMER IMAGING AG, Eastman Kodak Company, OMRON Corporation, Allied Vision Technologies GmbH, Keyence Corporation, National Instruments Corporation, Hexagon AB, Qualcomm Technologies, and Other Prominent Players. The cumulative market share of 10 major players is more than 65%.
These market players are involved in collaborations, mergers & acquisitions, and new product launches to strengthen their market presence. For instance, in December 2021, Basler acquired DATVISION and IOVIS. DATVISION is a Korea-based distributor dealing in machine vision components and solutions for various industries, such as the electronics and semiconductor markets. IOVIS is a Seoul, South Korea-based distributor which markets an extensive product portfolio of vision components from a variety of manufacturers.
The global Machine Vision and Vision Guided Robotics market report provides insights on the below pointers:
The global Machine Vision and Vision Guided Robotics market report answers questions such as:
About Astute Analytica:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
Get in touch with us:
Phone number: +18884296757
Email: sales@astuteanalytica.com
Visit our website: https://www.astuteanalytica.com/
Read the original:
- Gene Haas Foundation Partner Hosts FIRST Robotics District Competitions - Kettering University - May 5th, 2024 [May 5th, 2024]
- NASA Showcases Innovations at the 2024 FIRST Robotics World Championships - NASA - May 5th, 2024 [May 5th, 2024]
- Robots are invading the San Carlos Branch Library - San Diego Community Newspaper Group - May 5th, 2024 [May 5th, 2024]
- Wyoming-Based Company Makes High-Tech Robots To Go Where Humans Don't Want To - Cowboy State Daily - May 5th, 2024 [May 5th, 2024]
- Anzu Robotics launches U.S.-based clone of DJI Mavic 3 - Robot Report - May 5th, 2024 [May 5th, 2024]
- Carnegie Mellon University's Robotics Institute begins developing drones to fight wildfires - CBS Pittsburgh - May 5th, 2024 [May 5th, 2024]
- 3 Robotics Stocks That Could Be Multibaggers in the Making: Spring Edition - MSN - May 5th, 2024 [May 5th, 2024]
- Hopkinton teams advance to Robotics World Championships - Hopkinton Independent - May 5th, 2024 [May 5th, 2024]
- "Big Cat Robotics" team from Wellsville returns from VRC World Championship - THE WELLSVILLE SUN - THE WELLSVILLE SUN - May 5th, 2024 [May 5th, 2024]
- PropStream-Sponsored Robotics Team Places in Competition - RisMedia.com - May 5th, 2024 [May 5th, 2024]
- Bellefontaine Robotics Team Travels to World Championship Peak of Ohio - peakofohio.com - May 5th, 2024 [May 5th, 2024]
- ASL Aviation Holdings Inks Deal with Reliable Robotics for 30 Aircraft Autonomy Systems - Business Wire - May 5th, 2024 [May 5th, 2024]
- Global Nano Robotics Market Projected to Surge to US$ 19.86 Billion by 2032: Healthcare Trends Catalyzing Nano ... - GlobeNewswire - May 5th, 2024 [May 5th, 2024]
- 'Afghan Dreamers' | Film about Afghan girls robotics team to be screened on May 15 - Piedmont Exedra - May 5th, 2024 [May 5th, 2024]
- 3 Robotics Stocks That Could Be Multibaggers in the Making: Spring Edition - InvestorPlace - May 5th, 2024 [May 5th, 2024]
- The Rise of the Navy Robots - Signal Magazine - May 5th, 2024 [May 5th, 2024]
- Elon Musk Keeps Talking About the Future of Robotics With Optimus, but This Phenomenal Growth Stock Has Already ... - The Motley Fool - May 5th, 2024 [May 5th, 2024]
- Robosen Robotics Teams Up with Hasbro to Debut the Worlds First Auto-Converting Decepticon Megatron! - aNb Media - May 5th, 2024 [May 5th, 2024]
- John P. Stevens Robotics Team Wins Excellence in Technology at Innovators Awards - TAPinto.net - May 5th, 2024 [May 5th, 2024]
- Nala Robotics and Re-Up partner to develop AI-powered robotic chef - Robotics and Automation News - May 5th, 2024 [May 5th, 2024]
- LCSD1 to Host Final Robotics Competition of the School Year Tomorrow - The Cheyenne Post - May 5th, 2024 [May 5th, 2024]
- GMV showcases its robotic inspection capabilities Robotics & Automation News - Robotics and Automation News - May 5th, 2024 [May 5th, 2024]
- Trine's armored robot finishes 4th in national combat - Trine University - May 5th, 2024 [May 5th, 2024]
- Female robotics founders discuss their journeys in the industry - Robot Report - May 5th, 2024 [May 5th, 2024]
- Hanwha Robotics, B-Robotics join hands on restaurant automation project - Aju Press - May 5th, 2024 [May 5th, 2024]
- Dishchii'bikoh Community School Robotics Team Heads to VEX World Championship - White Mountain Independent - May 5th, 2024 [May 5th, 2024]
- ETH unveils space-hopping robot for asteroid exploration - Robotics and Automation News - May 5th, 2024 [May 5th, 2024]
- Nickelytics and Starship release robots at UCLA and Utah universities - Robotics and Automation News - May 1st, 2024 [May 1st, 2024]
- Next-Level Robotics: Enhancing Accuracy with Advanced Multisensory Interfaces - AZoRobotics - May 1st, 2024 [May 1st, 2024]
- Death of Lake Orion teen on robotics trip determined to be suicide, Houston police say - Detroit News - May 1st, 2024 [May 1st, 2024]
- Niqo Robotics Raises $9 Million In Funding Round Led By Brida Innovation Ventures: Report - Outlook India - May 1st, 2024 [May 1st, 2024]
- Mission to 'Holy Grail of Shipwrecks' Will Employ Robotics - USNI News - May 1st, 2024 [May 1st, 2024]
- Kiwibot acquires Auto Mobility Solutions Robotics & Automation News - Robotics and Automation News - May 1st, 2024 [May 1st, 2024]
- Untethered soft actuators for soft standalone robotics - Nature.com - May 1st, 2024 [May 1st, 2024]
- Robotics in the restaurant industry are here to stay: Carlos Gazitua - Fox Business - May 1st, 2024 [May 1st, 2024]
- It's time for UK business to embrace robotics - Design Products & Applications - May 1st, 2024 [May 1st, 2024]
- Meet the `One Percenters' - The Top Ranked Robotics Group from Franklin - Franklin Observer - May 1st, 2024 [May 1st, 2024]
- Atlas, forefather of humanoid robots, gives way to next generation - Marketplace - May 1st, 2024 [May 1st, 2024]
- BlueBotics releases new version of its server fleet management software - Robotics and Automation News - May 1st, 2024 [May 1st, 2024]
- U.S. manufacturers invested heavily in robotics in 2023, finds IFR - Robot Report - May 1st, 2024 [May 1st, 2024]
- This is a unique time: ARK Invests chief futurist tackles tech innovation from AI to robotics - CNBC - May 1st, 2024 [May 1st, 2024]
- U.S. Companies Invest Heavily in Robots - IFR Preliminary Results EMSNow - EMSNow - May 1st, 2024 [May 1st, 2024]
- MiR launches new autonomous mobile forklift-type robot - Robotics and Automation News - May 1st, 2024 [May 1st, 2024]
- Rutland Area Robotics' IBOTS compete in FIRST World Championships finals for first time - Rutland Herald - May 1st, 2024 [May 1st, 2024]
- Micropsi Industries introduces new AI-vision software Robotics & Automation News - Robotics and Automation News - May 1st, 2024 [May 1st, 2024]
- Robots on a Roll: The Future of Farming Is Here Now - Growing Produce - May 1st, 2024 [May 1st, 2024]
- Grand Force, Grand Forks' only FIRST Robotics team, returns from world championship with good memories - Grand Forks Herald - May 1st, 2024 [May 1st, 2024]
- Reston Robotics Team Wins National Competition At Tech Conference - Patch - May 1st, 2024 [May 1st, 2024]
- CapSen Robotics Introduces CapSen PiC 2.0 Bin-Picking Software - Supply and Demand Chain Executive - May 1st, 2024 [May 1st, 2024]
- Gecko Robotics and Al Masaood Energy Partner to Help ADNOC Gas Revolutionize Asset Operations and ... - Business Wire - May 1st, 2024 [May 1st, 2024]
- Vention Launches New Cloud-Robotic and AI Capabilities to Accelerate the Design and Deployment of Robot Cells - InvestorsObserver - May 1st, 2024 [May 1st, 2024]
- Inside Wilsonville High School's robotics team - KGW.com - May 1st, 2024 [May 1st, 2024]
- Talking AUTOMATE 2024 with TM Robotics | RoboticsTomorrow - Robotics Tomorrow - May 1st, 2024 [May 1st, 2024]
- Advancing obstetric and gynecologic surgery through robotic innovation - Contemporary Obgyn - May 1st, 2024 [May 1st, 2024]
- On the Horizon: A Robot to Assist ALS Patients | RoboticsTomorrow - Robotics Tomorrow - May 1st, 2024 [May 1st, 2024]
- Robots can use air to move objects - Earth.com - May 1st, 2024 [May 1st, 2024]
- Plymouth Robotics Team 586E takes 6th place VEX Robotics World Championship in Dallas, TX - WTCA - May 1st, 2024 [May 1st, 2024]
- These flying origami-inspired robots change shape in mid-air - Engadget - September 29th, 2023 [September 29th, 2023]
- Industrial Robotics Market Size To Reach USD 94.8 Billion By 2032 ... - GlobeNewswire - September 29th, 2023 [September 29th, 2023]
- ForwardX Robotics and DHL Collaborate To support Expansion - PR Newswire - September 29th, 2023 [September 29th, 2023]
- Dexterity AI and FedEx Unveil First-of-its-Kind Robotics Trailer ... - Robotics Tomorrow - September 29th, 2023 [September 29th, 2023]
- Newton High Schools Team Aperture attends super bowl of robotics - New Jersey Education Association - September 29th, 2023 [September 29th, 2023]
- Exoskeleton Report eMagazine: The Latest in Wearable Robotics ... - Exoskeleton Report - September 29th, 2023 [September 29th, 2023]
- 12.5m for robotics and automation to boost sustainable farming - GOV.UK - September 29th, 2023 [September 29th, 2023]
- Robotics As A Service (RaaS) Market size to increase by USD 1.50 ... - PR Newswire - September 29th, 2023 [September 29th, 2023]
- Learn how to create socially intelligent robots at RoboBusiness - Robot Report - September 29th, 2023 [September 29th, 2023]
- Monument Health Welcomes Two New Robotics-Trained General ... - Newscenter1.tv - September 29th, 2023 [September 29th, 2023]
- 3D-Printed Robotic Gripper Works Without Electronics - Design News - September 29th, 2023 [September 29th, 2023]
- WVU Today | WVU researcher to help send swarm of marine robots ... - WVU Today - September 29th, 2023 [September 29th, 2023]
- Using robotics & AI to reduce water - Times of India - September 29th, 2023 [September 29th, 2023]
- We need a new social contract for the coming golden age of robotics - Big Think - July 2nd, 2023 [July 2nd, 2023]
- The Intersection of Autonomous Robotics and Solar Panel Cleaning ... - EnergyPortal.eu - July 2nd, 2023 [July 2nd, 2023]
- RoboCat: Google DeepMind's innovative leap into AI-powered ... - The Jerusalem Post - July 2nd, 2023 [July 2nd, 2023]
- Seen at HIMSS: the latest innovations in artificial intelligence, mixed ... - Kevin MD - July 2nd, 2023 [July 2nd, 2023]
- KEENON Robotics Empowers Future of Hotel Experiences as ... - PR Newswire - July 2nd, 2023 [July 2nd, 2023]
- Brief Overview of Investing in Robotics in 2023 - Analytics Insight - July 2nd, 2023 [July 2nd, 2023]
- Greek post office makes further commitment to Robotics parcel ... - Post and Parcel - July 2nd, 2023 [July 2nd, 2023]
- Robotic glove that 'feels' lends a 'hand' to relearn playing piano after ... - Science Daily - July 2nd, 2023 [July 2nd, 2023]
- 'Bionic professor' aims to transform the field of wearable robotics - University of Toronto - July 2nd, 2023 [July 2nd, 2023]
- The Advantages of Adopting Robotics for Energy Infrastructure ... - EnergyPortal.eu - July 2nd, 2023 [July 2nd, 2023]