Global Vision Guided Robotics Software Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope

Vision-guided robotics software refers to software that enables robots to perceive and interpret their environment using cameras or other visual sensors. It allows robots to autonomously navigate, manipulate objects, and perform tasks precisely by analyzing images and making decisions based on the acquired visual data.

Sizing and Forecast

The vision guided robotics software market size has grown rapidly in recent years. It will grow from $2.25 billion in 2023 to $2.69 billion in 2024 at a compound annual growth rate (CAGR) of 19.4%. The growth in the historic period can be attributed to decreasing cost of hardware, increased processing power, miniaturization of cameras, globalization of supply chains, and safety and regulatory compliance.

The vision guided robotics software market size is expected to see rapid growth in the next few years. It will grow to $5.52 billion in 2028 at a compound annual growth rate (CAGR) of 19.7%. The growth in the forecast period can be attributed to demand for quality control, growth in e-commerce, focus on lean manufacturing, increasing complexity of manufacturing processes, and market penetration in emerging economies. Major trends in the forecast period include cloud-based solutions, edge computing, sensor fusion, autonomous navigation, and human-robot collaboration.

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Segmentation & Regional Insights

The vision guided robotics software market covered in this report is segmented –

1) By Type: Mobile Robot, Fixed Robot
2) By Technology: 2 Dimensional Vision Guided, 3 Dimensional Vision Guided
3) By Application: Advanced Robotic Control Welding, Assembly, Cutting, Palletizing And Machine Tending, Navigation, Random Bin Picking, Collaborative Robots, Other Applications
4) By Vertical: Automotive, Electrical And Electronics, Aerospace, Healthcare, Transportation And Logistics, Food And Beverages, Other Verticals

Asia-Pacific was the largest region in the vision guided robotics software market in 2023. The regions covered in the vision guided robotics software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

The increasing adoption of robotics in various industries is expected to propel the growth of the vision-guided robotics software market going forward. Robotics refers to the branch of technology that deals with robot development, assembly, use, and maintenance. The increasing adoption of robotics is due to efficiency improvements, cost reductions, and technological advancements. Vision-guided robotics software enhances robotic capabilities by enabling real-time perception, interpretation, and response to visual data, optimizing navigation, object recognition, and manipulation tasks. For instance, in October 2022, according to a report published by the International Federation of Robotics, a Germany-based professional non-governmental organization, around 517,385 new industrial robots were deployed in factories worldwide, an increase of 39,400 from 2021. Therefore, the increasing adoption of robotics is driving the growth of the vision-guided robotics market.

Key Industry Players

Major companies operating in the vision guided robotics software market are ABB Ltd , Omron Corporation, Keyence Corporation, Fanuc Corporation, Yaskawa Electric Corporation, Cognex Corporation, Universal Robots A/S, Basler AG, Teledyne DALSA Inc., LMI Technologies Inc., IDS Imaging Development Systems GmbH , Zivid AS, Bluewrist, Integro Technologies Corp, Allied Vision Technologies GmbH, Visio Nerf, Neurala Inc., MVTec Software GmbH, Apera AI, Robotic Vision Technologies Inc., Sick AG

The vision guided robotics software market report table of contents includes:

1. Executive Summary

2. Vision Guided Robotics Software Market Characteristics

3. Vision Guided Robotics Software Market Trends And Strategies

4. Vision Guided Robotics Software Market – Macro Economic Scenario

5. Global Vision Guided Robotics Software Market Size and Growth
…..

32. Global Vision Guided Robotics Software Market Competitive Benchmarking

33. Global Vision Guided Robotics Software Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Vision Guided Robotics Software Market

35. Vision Guided Robotics Software Market Future Outlook and Potential Analysis

36. Appendix

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