Mon. Oct 2nd, 2023
    Vision Guided Robotics Market to Grow by USD 4.15 Billion from 2022 to 2027 – Technavio

    The vision guided robotics market is projected to experience substantial growth over the forecast period of 2022 to 2027, with an expected increase of USD 4.15 billion. The market is set to progress at a CAGR of 10.04% during this period. The market is segmented by application (logistics, welding, inspection and cleaning, and painting), type (2D-vision and 3D-vision), and geography (APAC, North America, Europe, Middle East and Africa, and South America).

    One of the key drivers of market growth is the decline in electronic component prices. The availability of electronic robotic components at affordable prices has facilitated the development of new products in the visual control robot market. Additionally, advancements in technology and research in the industry have contributed to the drop in prices of electronic components such as sensors and cameras. These factors, combined with the use of visual operators in PC software for these robots, are expected to further drive market growth in the coming years.

    The logistics segment is anticipated to witness significant growth during the forecast period. This application is widely used in various industries such as food, beverage, and warehousing. The integration of vision systems in robots has improved operational efficiency in packaging by enabling robots to understand the shape and size of objects. The introduction of 3D vision systems has revolutionized the entire vision system, further driving market growth.

    Key players in the vision guided robotics market include ABB Ltd., Acieta LLC, Atlas Copco AB, Basler AG, Cognex Corp., and DENSO Corp., among others.

    In conclusion, the vision guided robotics market is poised for substantial growth in the coming years, driven by factors such as the decline in electronic component prices and the increasing adoption of visual control robots in various applications.

    Sources: Technavio