North America Vision Guided Robotics Software Market to 2027 - Regional Analysis and Forecasts by Robot Type, Technology, Application, and Vertical

The North America vision guided robotics software market accounted for US$ 230.81 Mn in 2018 and is expected to grow at a CAGR of 14.05% over the forecast period 2019-2027, to account for US$ 741.85 Mn in 2027. Factors including growing acceptance of vision guided robots are significantly and high potential of mass customization driving the vision guided robotics software market. However, lack of skilled operator in the developing countries across region is impeding the market growth. Mounting demand of technological proficiencies of 3D machine vision is opportunistic for the growth of the market. The industries are also concentrating on the deployment of automation to ease their work. In the last two decades, the company is inclined to integrate 2D vision technology in robotics systems across several industries globally. To meet the boosting requirement of the customers the industries are focusing on advanced imaging technology to make the work easier and simple. Recently the robotic system is incorporated with 3D vision technology which provides more features as compared to 2D vision technology. The introduction of machine vision software into 3D vision-guided technology robots is expected to increase the skills of the automated system during random bin picking, packaging heavy materials and assembling different parts of machinery among others. The new capabilities of 3D vision-guided robots are they can detect the overall orientation of an object which permits the end user to make an intelligent and real-time decision associated with the automation system depending upon the input of available visual data. The market players are focusing on various initiatives to enhance its reach to rural areas and boost its position in the market.

The vision guided robotics software market is fragmented with the presence of several industries and the competitive dynamics in the market is expected to change during the upcoming years. In addition to this, various initiatives are undertaken by the governmental bodies to accelerate the vision guided robotics software market further. For instance, National Robotics Initiative 2.0, a cross-governmental program that is built upon the original NRI. The program is intended to accelerate the development and use of collaborative robots which will work with humans and support them in various tasks. The program supports four spheres for the research of the scalability, customizability, lowering barriers to entry, and societal impact. The program supports collaboration between academic, non-profit, industry, and other organizations to increase the development. This initiative provides various benefits to the US robotics companies, and thus increasing the growth of vision-guided robotics market in the region. These initiative provide various benefits to the US vision guided robotics software based companies located in the region thus, increasing the growth of vision guided robotics software markets. This initiative provides multiple benefits to the companies present in this region and thus increasing the growth of vision guided robotics software market in the region.

On the basis of robot type, the fixed robot segment is leading the vision guided robotics software market. However, the mobile robot segment are anticipated to grow at a highest CAGR. Mobile robots are fully autonomous or semi-autonomous machines capable of locomotion in and around the defined workspace. These robots are widely spread across various industries worldwide, due to the advantage of movement and work along with humans, resulting in increase in working efficiency. The mobile robots are increasingly being adopted in industries such as the automobile, aerospace, healthcare, warehouse logistics, and transportation among others. Attributing to the application of mobile robots in diversified sectors, the manufacturers are incorporating machine vision software to enhance the movement capability. The integration of high-end cameras, sensors, and software are anticipated to double the adoption rate of mobile robots in the industries.

The overall vision guided robotics software market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the vision guided robotics software market. It also provides the overview and forecast for the vision guided robotics software market based on all the segmentation provided with respect to North America region. Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the vision guided robotics software industry. Some of the players present in vision guided robotics software market are ABB Ltd., Fanuc Corporation, Robotic Vision Technologies, Inc., iRobot Corporation, MVTec Software GmbH, Pick-it N.V., Recognition Robotics Inc., Vision Nerf S.A., Nachi Robotic Systems, Inc., and KUKA Robot Group among others.