Vision-Guided Robotics Market 2020: Rising Trends, Huge Demand, Business Strategies, High Growth Rate by 2030 | Players ABB, ISRA VISION AG, Basler AG

The global vision-guided robotics market is estimated to account for over US$ 4.6 Billion in 2019. It is anticipated to grow at a CAGR of 13.5% from 2019 to 2030.

The increasing adoption of robots in medical & healthcare, agriculture & food systems, national security & defense, and several verticals is accelerating market growth. Moreover, various governments across the globe are coming up with policies that will support industrial automation. For instance, the National Robotics Initiative is accelerating the development and use of robots in the U.S. Several other U.S.-based agencies including the National Science Foundation (NSF), the National Aeronautics and Space Administration (NASA), the National Institutes of Health (NIH), the U.S. Department of Agriculture (USDA), and the U.S. Department of Defense (DOD) are also supporting the adoption of vision-guided robots. However, the high investments associated with automation will restrain market growth to a certain extent.

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Major Players

Some of the prominent players in the vision-guided robotics market include Cognex Corporation, Omron Corporation, ABB, ISRA VISION AG, Basler AG, FANUC America Corporation, Yaskawa America, Inc, Kawasaki Heavy Industries, Ltd., Universal Robots, and DENSO WAVE INCORPORATED, among others.

Technological Advancement:

Rapid advancements in machine vision & 3D vision versatility and the increasing penetration of vision-guided robotics in diverse industries are propelling market growth. The vision-guided robot technology is evolving continuously through emerging technologies such as 3D Vision, Visual Simultaneous Localization (VSL) and Mapping (VSLAM). 3D Vision improves depth perception, further facilitating autonomous navigation rather than bin-picking in traditional robots that picked parts randomly. Moreover, smaller and more precise sensors are being developed at the lower costs, facilitating its rapid adoption in several industry verticals.

Several government organizations investing heavily in R&D for both existing as well as potential robotics technologies to support national interests. For instance, in 2019, the International Federation of Robotics stated that companies will be concentrating on collaboration of humans and machines to simplify applications and promote light-weight robots, including two-armed robots and mobile solutions, along with their integration into existing environments. Similarly, in 2019, the government of UK has announced funding for research around care robots to meet the needs of the aging society.

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Segmentation Based On:

By Type:
2D-vision system
3D-vision system

By Component:
Hardware,
Software,
and Services

By Application:
Automobile,
Aerospace & Defense,
Healthcare & Pharmaceutical,
Electrical & Electronics

Restrian Factor

However, the high initial investments associated with the setup and integration pose a major challenge for the adoption of vision-guided robots. Moreover, the lack of awareness among Small & Medium Enterprises (SMEs) restricts the use of such robots to limited heavy manufacturing groups.

Regional Segmentation:

Asia Pacific is estimated to account for the highest CAGR in the vision-guided robotics market over the forecast period. China has a diverse range of industries, including electronics and automotive wherein the rapid adoption of such robots will be witnessed. This will contributes to a large part of the regional vision-guided robots market share. Moreover, several industries in this region are advancing toward automation systems to reduce production costs, which will propel market growth.

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Table of Contents

1.INTRODUCTION
1.Market Definition
2.Market Ecosystem
1.Market Classification
2.Geographic Scope
3.Years Considered for the Study
1.Historical Years – 2016 & 2017
2.Base Year – 2018
3.Forecasted Years – 2019 to 2030
3.Currency Used for the Study
4.Report Beneficiary List

2.RESEARCH METHODOLOGY
1.Research Framework
2.Data Collection Technique
3.Data Sources
1.Secondary Sources
2.Primary Sources
4.Market Estimation Methodology
1.Bottoms Up Approach
2.Top Down Approach
5.Data Validation and Triangulation
1.Market Forecasting Model
2.Limitations of the Study
3.Assumptions of the Study

3.ABSTRACT OF THE STUDY

4.MARKET DYNAMICS ASSESMENT
1.Overview
2.Drivers
3.Barriers/Challenges
4.Opportunities

In the end, Vision-Guided Robotics Market industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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