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Machine Vision and Vision Guided Robotics Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

  • ID: 5393574
  • Report
  • June 2021
  • Region: Global
  • 102 pages
  • Acute Market Reports

FEATURED COMPANIES

  • ABB Group
  • Cognex Corporation
  • FANUC Corporation
  • Hexagon AB
  • Keyence Corporation
  • Omron Adept Technology
The machine vision and vision-guided robotics market expected to grow at a compound annual growth rate of 9.8% during the forecast period. The increasing need for automation and safety, high labor costs, a shortage of qualified workforce, and increased investment in research and development activities are driving the vision-guided robotics market. The atomization of human seeing can be defined as machine vision. It must not only collect a picture (like our eyes do) but also process these images and provide results (the function of the brain). Machine vision is utilized in a variety of industrial operations, including material inspection, object recognition, electronic component analysis, signature recognition, optical character recognition, and currencies. A vision-guided robot (VGR) system is a robot having one or more cameras used to supply the robot controller with a second feedback signal, to move more accurately to a variable destination. This report covers all the quantitative aspects of the machine vision and vision-guided robotics market and also talks about its key drivers, the challenges it faces, the growth opportunities present in the market, and its future prospects.

Low Production Cost and Increased Productivity to Accelerate Market Growth

The growth of the vision-guided robotics market is being fueled by the increasing industrialization of emerging and industrialized nations. In the automotive industry, vision-guided robot systems are utilized to increase productivity while reducing complexity, production costs, and human errors. Machine vision market demand has been driven by recent breakthroughs in machine vision technology, such as smart cameras, increased compatibility with diverse systems, and vision-guided robotics. It has several benefits, including high quality, increased productivity, less machine downtime and setup time, lower equipment costs, and inventory control. Machine vision and vision-guided robot systems will be widely used in traffic management and security. The covid-19 epidemic is predicted to accelerate the expansion of the machine vision and vision-guided robotics market, and it has now become an essential component of the long-term automation advancement process. Manufacturing firms are expected to invest in automation, and the demand for automated quality assurance has expanded across industries. This is due to the necessity for less human interaction in the process.

Smart Camera-Based Machine Vision Systems Dominate the Market

The market has been segmented based on the product, technology, application, and region. Based on the product segment, the machine vision and vision-guided robotics market are divided into pc-based machine vision systems, smart camera-based machine vision systems, and vision-guided robotics systems. Smart camera-based machine vision systems are predicted to have the biggest market share throughout the forecast period, owing to increased demand for smart cameras that are cost-effective, compact, and simple to install, as well as the expanding acceptance of cameras in 3D imaging. Machine vision systems are made up of a large number of cameras. These cameras are installed above assembly lines to inspect products and collect data. As a result, smart camera-based machine vision systems can read labels and direct their products without human intervention, resulting in fewer errors. Based on application, the market is divided into automotive, electronics, aerospace, food and beverage, pharmaceuticals, and others. To solve quality concerns, vision systems are becoming increasingly important to automotive manufacturers.

North America to Lead Global Market

The machine vision and vision-guided robotics market are divided into North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa, and the rest of the world based on the regional segmentation. North America has the largest market in the world, with robots being used in a variety of industries. The federal government is investing heavily in increasing the production of machine vision systems, which will move the market forward throughout the forecast period. During the projected period, the vision-guided robots market in the Asia Pacific is expected to rise at a significant rate. Machine vision and vision-guided robotics markets are growing as manufacturing industries in Asia Pacific's emerging economies adopt novel technology. Price deflation, rising disposable income, growing urbanization, and the adoption of novel technologies are all driving demand for consumer electronics, which will boost the market. Furthermore, the expenditure, operational benefits, and efforts undertaken by the governments of growing countries such as South Korea, India, Taiwan, and Singapore are responsible for the increase in investments and the establishment of many industry participants in the Asia Pacific region.

Key Players

Qualcomm Technologies, Keyence Corporation, FANUC Corporation, ABB Group, Sick AG, Teledyne Dalsa Inc., Cognex Corporation, Omron Adept Technology, National Instruments Corporation, and Hexagon AB are major players in the machine vision and vision-guided robotics market. To remain competitive in the global machine vision and vision-guided robotics market, players have employed a variety of marketing strategies, including new product launches, expansion, joint ventures, and acquisitions. The report provides a comprehensive examination of leading firms as well as a discussion of market competitiveness. Product launch is a major strategy for the market's major players in machine vision and vision-guided robotics.

Historical & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2029.

Report Scope by Segments

Market revenues and CAGR were derived from primary and secondary research. Both quantitative and qualitative trends were considered for the extrapolation of market revenues. The derived market estimates were further validated from top-down, bottom strategies and primary research.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB Group
  • Cognex Corporation
  • FANUC Corporation
  • Hexagon AB
  • Keyence Corporation
  • Omron Adept Technology
Chapter 1. Preface
1.1. Report Scope and Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I-Secondary Research
1.3.2. Phase II-Primary Research
1.3.3. Phase III-Expert Panel Review
1.3.4. Type Adopted
1.3.4.1. Top-Down Type
1.3.4.2. Bottom-Up Type
1.3.5. Assumptions
1.3.6. Market Segmentation

Chapter 2. Executive Summary
2.1. Machine vision and vision-guided robotics market portraiture
2.2. Machine vision and vision-guided robotics market, by product, 2020 (US$ Mn)
2.3. Machine vision and vision-guided robotics market, by technology, 2020 (US$ Mn)
2.4. Machine vision and vision-guided robotics market, by application, 2020 (US$ Mn)
2.5. Machine vision and vision-guided robotics market, by regional basis, 2020 (Value)
2.6. Impact of Covid - 19

Chapter 3. Machine Vision and Vision Guided Robotics Market: Market Dynamics and Future Outlook
3.1. Market Overview
3.2. Current Scenario: New Product Launches, Increase in Animal-Free Testing
3.3. Drivers
3.4. Challenges
3.5. Opportunities
3.6. Attractive Investment Proposition, by Geography, 2020
3.7. Competitive Landscape (Key Players)
3.7.1. Mergers and Acquisition Analysis
3.7.2. Agreements, Collaborations, and Partnership
3.7.3. New Product Launches

Chapter 4. Machine Vision and Vision Guided Robotics Market, By Product, 2019 - 2029 (US$ Mn)
4.1. Overview
4.2. PC-Based Machine Vision System
4.3. Smart Camera-Based Machine Vision System
4.4. Vision Guided Robots

Chapter 5. Machine Vision and Vision Guided Robotics Market, By Technology, 2019 - 2029 (US$ Mn)
5.1. Overview
5.2. 2D Vision
5.3. 3D Vision

Chapter 6. Machine Vision and Vision Guided Robotics Market, By Application, 2019 - 2029 (US$ Mn)
6.1. Overview
6.2. Automotive
6.3. Electronics
6.4. Aerospace
6.5. Food and Beverage
6.6. Pharmaceuticals
6.7. Others

Chapter 7. Machine Vision and Vision Guided Robotics Market, By Regional Market Analysis, 2019 - 2029 (US$ Mn)
7.1. Definition & Scope
7.2. Regional Market Share Analysis, 2019 & 2029
7.3. Regional Market Dashboard
7.4. Regional Market Snapshot
7.5. Regional Market Share Analysis 2019 to 2029
7.5.1. North America
7.5.2. Europe
7.5.3. Asia Pacific
7.5.4. Latin America
7.5.5. Middle East and Africa
7.6. SWOT Analysis, by Factor (Political & Legal, Economic and Technological)
7.6.1. North America
7.6.2. Europe
7.6.3. Asia Pacific
7.6.4. Latin America
7.6.5. Middle East and Africa
7.7. Market Size, & Forecasts, Revenue and Trend Analysis, 2019 to 2029

Chapter 8. North America Machine Vision and Vision Guided Robotics Market, Regional Market Analysis, 2019 - 2029 (US$ Mn)
8.1. North America machine vision and vision-guided robotics market analysis, 2019-2029
8.2. North Americamachine vision and vision-guided robotics market, by product, 2019 - 2029 (US$ Mn)
8.3. North Americamachine vision and vision-guided robotics market, by technology, 2019 - 2029 (US$ Mn)
8.4. North Americamachine vision and vision-guided robotics market, by application, 2019 - 2029 (US$ Mn)
8.5. North Americamachine vision and vision-guided robotics market, by region, 2019 - 2029 (US$ Mn)
8.5.1. U.S.
8.5.2. Canada

Chapter 9. Latin America Machine Vision and Vision Guided RoboticsMarket, Regional Market Analysis, 2019 - 2029 (US$ Mn)
9.1. Latin America machine vision and vision-guided robotics market analysis, 2019 - 2029
9.2. Latin Americamachine vision and vision-guided robotics market, by product, 2019 - 2029 (US$ Mn)
9.3. Latin Americamachine vision and vision-guided robotics market, by technology, 2019 - 2029 (US$ Mn)
9.4. Latin Americamachine vision and vision-guided robotics market, by application, 2019 - 2029 (US$ Mn)
9.5. Latin Americamachine vision and vision-guided robotics market, by region, 2019 - 2029 (US$ Mn)
9.5.1. Brazil
9.5.2. Argentina
9.5.3. Mexico

Chapter 10. Europe Machine Vision and Vision Guided Robotics Market, Regional Market Analysis, 2019 - 2029 (US$ Mn)
10.1. Europe machine vision and vision-guided robotics market analysis, 2019 - 2029
10.2. Europemachine vision and vision-guided robotics market, by product, 2019 - 2029 (US$ Mn)
10.3. Europemachine vision and vision-guided robotics market, by technology, 2019 - 2029 (US$ Mn)
10.4. Europemachine vision and vision-guided robotics market, by application, 2019 - 2029 (US$ Mn)
10.5. Europemachine vision and vision-guided robotics market, by region, 2019 - 2029 (US$ Mn)
10.5.1. United Kingdom
10.5.2. Germany
10.5.3. France
10.5.4. Italy
10.5.5. Spain
10.5.6. Rest of Europe

Chapter 11. Asia Pacific Machine Vision and Vision Guided Robotics Market, Regional Market Analysis, 2019 - 2029 (US$ Mn)
11.1. Asia Pacific machine vision and vision-guided robotics market analysis, 2019 - 2029
11.2. Asia Pacific machine vision and vision-guided robotics market, by product, 2019 - 2029 (US$ Mn)
11.3. Asia Pacific machine vision and vision-guided robotics market, by technology, 2019 - 2029 (US$ Mn)
11.4. Asia Pacific machine vision and vision-guided robotics market, by application, 2019 - 2029 (US$ Mn)
11.5. Asia Pacific machine vision and vision-guided robotics market, by region, 2019 - 2029 (US$ Mn)
11.5.1. Japan
11.5.2. China
11.5.3. India
11.5.4. ASEAN
11.5.5. Rest of APAC

Chapter 12. Middle East & Africa (MEA)Machine Vision and Vision Guided Robotics Market, Regional Market Analysis, 2019 - 2029 (US$ Mn)
12.1. Middle East & Africa (MEA) machine vision and vision-guided robotics market analysis, 2019 - 2029
12.2. Middle East & Africa (MEA) machine vision and vision-guided robotics market, by product, 2019 - 2029 (US$ Mn)
12.3. Middle East & Africa (MEA) machine vision and vision-guided robotics market, by technology, 2019 - 2029 (US$ Mn)
12.4. Middle East & Africa (MEA) machine vision and vision-guided robotics market, by application, 2019 - 2029 (US$ Mn)
12.5. Middle East & Africa (MEA) machine vision and vision-guided robotics market, by region, 2019 - 2029 (US$ Mn)
12.5.1. Saudi Arabia
12.5.2. United Arab Emirates
12.5.3. South Africa
12.5.4. Rest of MEA

Chapter 13. Company Profiles
13.1. Qualcomm Technologies
13.1.1. Business Overview
13.1.2. Financial Information (Subject to data availability)
13.1.3. Application Portfolio
13.1.4. Key Developments
13.2. Keyence Corporation
13.3. FANUC Corporation
13.4. ABB Group
13.5. Sick AG
13.6. Teledyne Dalsa Inc.
13.7. Cognex Corporation
13.8. Omron Adept Technology
13.9. National Instruments Corporation
13.10. Hexagon AB
Note: Product cover images may vary from those shown
  • Qualcomm Technologies
  • Keyence Corporation
  • FANUC Corporation
  • ABB Group
  • Sick AG
  • Teledyne Dalsa Inc.
  • Cognex Corporation
  • Omron Adept Technology
  • National Instruments Corporation
  • Hexagon AB
Note: Product cover images may vary from those shown
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