Industry Overview
The Machine Vision And Vision-Guided Robots Industry is set for substantial growth from 2025 to 2030, with a projected compound annual growth rate (CAGR) of 9.61%. By 2030, the market is expected to reach $13.18 billion, up from $11.8 billion in 2023. Factors such as the increasing demand for automation, safety measures, labor costs, and rising R&D investments are driving this growth..jpeg)
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Machine Vision And Vision Guided Robotics Market
Machine vision enables machines to inspect and present findings through image processing, while robotic vision gives machines eyesight, using cameras for manual inspection tasks. This technology, which empowers robots to perform tasks such as presence detection and inspection, has become increasingly powerful and user-friendly.
Market Segmentation
Insight by Product
The market is divided into smart camera-based systems, PC-based systems, and vision-guided robotics. Smart camera-based systems are projected to hold the largest market share due to their affordability, compactness, and ease of installation, particularly in 3D imaging applications.
Insight by Offering
Categorized into services, software, and hardware, the hardware segment dominates the market, driven by the demand for CMOS imaging sensors and cameras. The software segment is expected to grow steadily, especially in deep learning software for smart camera-based systems. Services, provided by system integrators, cater to testing, assembly, inspection, and gauging applications.
Insight by Application
The market is segmented into measurement, positioning & guidance, quality assurance & inspection, and identification. Quality assurance and inspection are expected to see significant growth, particularly in packaging industries. These systems efficiently locate labels, barcodes, and texts, improving efficiency and reducing errors.
Insight by End-Use Industry
Industries like automotive, electronics, semiconductor, healthcare, food & beverage, packaging, textiles, and others are included. Automotive dominates, employing vision systems for tasks such as adhesive dispensing and error-proofing. The electronics sector is expected to grow due to increased adoption in measurements and inspections. The food and beverage industry will also see rapid growth, especially in packaging and bottling processes.
Industry Dynamics
Industry Trends
The machine vision and vision-guided robotics industry is witnessing rapid growth, with an increasing number of companies offering advanced technology. Competitive pricing, mergers and acquisitions, and aftersales services are strategies used to compete. Governments in emerging nations permitting foreign direct investments (FDI) will drive market growth.
Growth Drivers
The integration of robots and machine vision in manufacturing, especially in sectors like automotive and consumer electronics, is a significant growth driver. Additionally, stringent worker safety regulations have increased the use of robots in hazardous environments. Advancements in technologies like smart cameras contribute to simplified operations and cost reduction.
Geographic Overview
North America leads the market due to early adoption of robots. Significant investments by the federal government in machine vision systems will drive market growth. APAC is expected to see substantial growth due to manufacturing sector expansion and technology adoption. Labor scarcity in countries like Japan is boosting the market for industrial robotics.
Competitive Insight
- Cognex: Introduced DataMan 380, a fixed-mount barcode reader, to accelerate throughput in logistics and manufacturing.
- Basler and Siemens: Collaborated to enhance machine vision and factory automation capabilities, benefiting customers with innovative solutions.
- Teledyne: Released the newest version of Sapera Vision software, including Rotated Object Detection, to enhance machine vision applications.
Major competitors include Cognex Corporation, Basler AG, ISRA Vision AG, Teledyne Digital Imaging Inc., OMRON Corporation, and Keyence Corporation.
Conclusion
The machine vision and vision-guided robotics market is poised for significant growth driven by automation demands, technological advancements, and expanding end-use industries. Market players are innovating with new products and collaborations, contributing to a dynamic and competitive landscape. As the industry evolves, investments in R&D and strategic partnerships will continue to shape its trajectory.
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