Vision Guided Robotics Market Size, Share, Industry Trends and Forecast to 2030

Vision Guided Robotics Market Size & CAGR in 2021

The global vision guided robotics market is estimated to have a market size of USD 5.8 billion in 2021. The market is anticipated to grow at a CAGR of 10.5% from 2021 to 2026. The increasing adoption of automation and robotics in various industries such as manufacturing, healthcare, and agriculture is driving the growth of the vision guided robotics market.

COVID-19 Impact on the Vision Guided Robotics Market

The COVID-19 pandemic had a mixed impact on the vision guided robotics market. While the initial lockdowns and restrictions led to a slowdown in the market as manufacturing and other industries were affected, the need for automation and contactless solutions during the pandemic boosted the demand for vision guided robotics. Companies started investing more in robotics to ensure business continuity and limit human contact.

Vision Guided Robotics Dynamics

The vision guided robotics market is driven by factors such as increasing demand for automation, technological advancements in machine vision systems, and the need for precision and accuracy in various industries. The market is also influenced by factors such as high initial investments and the need for skilled workforce to operate and maintain vision guided robotic systems.

Segments and Related Analysis

The vision guided robotics market can be segmented based on components, technology, application, and end user. Components include hardware (sensors, cameras, processors) and software (image processing algorithms). Technologies include 2D vision systems and 3D vision systems. Applications of vision guided robotics include inspection, pick and place, welding, painting, and others. End users of these systems are automotive, electronics, healthcare, aerospace, and others.

By Region Analysis

The vision guided robotics market is analyzed based on regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America has the largest market share due to the early adoption of automation technologies in industries such as automotive and electronics. Asia Pacific is expected to witness the highest growth rate due to the increasing investments in robotics and automation in countries like China and Japan.

Key Market Players and Competitive Landscape

Some of the key players in the vision guided robotics market include ABB Ltd., Cognex Corporation, Denso Corporation, Fanuc Corporation, and Yaskawa Electric Corporation. These companies are focusing on innovations in machine vision systems, enhancing robot capabilities, and expanding their product portfolios to gain a competitive edge in the market.

Recent Happenings in the Vision Guided Robotics Market

In recent developments, ABB launched a new line of vision guided robotics systems for material handling applications. Cognex announced partnerships with leading manufacturers to integrate its vision systems into robotic solutions. Denso introduced a new range of collaborative robots with advanced vision systems for pick and place tasks. These developments indicate the growing importance of vision guided robotics in various industries.