Robotic Vision Market In-Depth Analysis and Forecast -2031

Robotic Vision Market - Overview

The global robotic vision market is expected to expand at a healthy rate from 2021 to 2031 (forecast period). Manufacturing businesses all around the globe are recognizing the advantages of robotic vision systems, especially in areas where repetitive operations, such as inspection, must be completed precisely. They are critical in high-speed manufacturing lines and hazardous situations. These technologies provide major benefits such as lower machine downtime, greater production, and better process control.

The growing use of smart cameras and 3D vision systems are projected to drive the global robotic vision market. Moreover, the evolution of the necessity for quality inspection using automated robotic vision and increased demand for quality goods and safety in the industrial sector is likely to boost the global robotic vision market during the forecast period.

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Robotic Vision Market - Competitive Landscape

Leading players in the robotic vision market are Cognex Corporation (US), National Instruments Corporation (US), Basler AG (Germany), OMRON Corporation (Japan), and Keyence Corporation (Japan).

Market players are adopting marketing methods such as investments, collaborations, technological developments, new product introductions, R&D activities, and acquisitions to expand their worldwide presence.

OMRON Corporation released its B Series GigE Vision cameras in March 2022. These cameras include Starvis CMOS and Sony Corporation Pregius sensors with frame rates up to 282.8fps and resolutions up to 20 M.

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Robotic Vision Market - Trends and Opportunities

Due to their high repeatability, noncontact inspection, and low cost, robotic vision systems are becoming more popular for quality control in a variety of sectors. Conventional means of product quality control rely completely on human inspection. Human inspection performance, on the other hand, is projected to decline over a shift of work owing to weariness and repetition. Minor faults may go unnoticed as a result, culminating in non-trivial mistakes and a costly procedure. Nowadays, technological breakthroughs are transferring the time-consuming inspection labor from people to machine automation. Major advances in software and hardware have already shifted most quality control inspection work to machines.

The automotive sector is expected to be the largest revenue generator in robotic vision market. The automotive sector was the first to use robotic vision, particularly in Europe. Several components must be integrated and fastened onto a separate platform during the construction of an automobile. This is achievable due to robotic vision. Robotic vision is critical in situations where human involvement must be kept to a minimum due to safety concerns. For instance, in the materials processing business, the gases produced during the processing of different materials would be quite hazardous to anyone working there. In such circumstances, robotic vision can complete the procedure without the need for human participation.

Governments throughout the world are encouraging the use of different automation technologies to help the structural growth of industrial businesses. Manufacturing industries are an important part of this growth; thus, governments all over the world are focused on them. This is likely to increase the adoption of industrial robots and, as a result, robotic vision. Industrial automation with robotic vision systems aids in large-scale manufacturing with few faults and greater quality, resulting in increased output and productivity. Such aspects are expected to boost the global robotic vision market.

During the first half of 2020, the COVID-19 outbreak had an impact on the robotic vision market. Due to the virus's quick spread, many organizations throughout the world were forced to shut down, causing an interruption in the supply chain, a lack of labor, a slowdown in manufacturing, and a lag in the export of products and other parts of robotic vision systems. The restart of production operations in the latter half of 2020, on the other hand, has resulted in a major increase in the deployment of robotic vision in industries such as electrical and electronics, automotive, food and beverages, and pharmaceuticals.

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Robotic Vision Market - Regional Landscape

The North America robotic vision market is estimated to expand during the forecast period due to high labor costs and strict government requirements on safety procedures.

The Asia Pacific robotic vision market is expected to grow throughout the projection period due to fast industrialization and infrastructural development. Moreover, rising technical investments have accelerated the adoption of innovative technologies, which is projected to boost the sales of robotic vision throughout the forecast period.

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