The vision guided robotics software global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Vision Guided Robotics Software Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size – 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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Scope Of Vision Guided Robotics Software Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Vision Guided Robotics Software Market Overview
Market Drivers -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.
Market Trends – Major companies operating in the vision-guided robotics software market are focused on developing advanced solutions, such as embedded AI technology-based Vision Systems, to enhance automation efficiency and precision. Embedded AI technology in vision-guided robotics software refers to integrating artificial intelligence algorithms directly into the hardware or firmware of robotic systems, enabling real-time processing and decision-making based on visual data. For instance, in April 2024, Cognex Corporation, a US-based manufacturer of machine vision systems, launched the In-Sight L38 3D Vision System, integrating AI, 2D, and 3D vision technologies, addressing various inspection and measurement needs in industrial automation. Designed explicitly for robotic guidance, its 3D capabilities enable accurate object perception, crucial for picking, placing, and inspecting on production lines. Integrating this system with robotic software enhances efficiency and accuracy by empowering robots to make informed decisions based on visual data.
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
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Regional Insights – 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.
Key Companies – 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
Table of Contents
1. Executive Summary
2. Vision Guided Robotics Software Market Report Structure
3. Vision Guided Robotics Software Market Trends And Strategies
4. Vision Guided Robotics Software Market – Macro Economic Scenario
5. Vision Guided Robotics Software Market Size And Growth
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27. Vision Guided Robotics Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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