Global Vision Guided Robots Market Report 2023: Increasing Adoption of Vision-Guided Robotic Systems in the Automotive Industry Drives Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Vision Guided Robots Market by Type, Component, Industry Vertical -Global Opportunity Analysis and Industry Forecast, 2022 -2030" report has been added to ResearchAndMarkets.com's offering.

The Vision Guided Robot Market size was valued at USD 6.12 billion in 2021, and is predicted to reach USD 20.10 billion by 2030, with a CAGR of 12.7% during the forecast period.

Demand for vision guided robots has increased across the world, owing to factors such as high adoption of vision guided robotic systems in the automotive industry due to their high accuracy and efficiency in welding, assembling, inspection, and quality control of sophisticated automotive parts.

However, high installation cost of these robots and complex procedure of handling them hamper the market growth. On the contrary, introduction of 4.0 is expected to create ample opportunities for key players operating in the vision guided market in the coming decade.

Segment Overview

The global vision guided robotics market is segmented on the basis of type, component, industry vertical, and region.

• On the basis of type, the market is classified into 2-D vision system robotics and 3D-vision system.
• On the basis of component, the market is segmented into hardware, software, and services.
• On the basis of industry vertical, the market is categorized automotive, electrical & electronics, aerospace & defense, food & beverage, healthcare & pharmaceuticals, metal processing, and others.
• On the basis of region, the market is segmented into North America, Europe, Asia-Pacific, and RoW.

Regional Analysis

Asia Pacific market is projected to hold a dominant share by 2030.

Asia-Pacific dominates the global vision guided market and is expected to remain dominant throughout the forecast period. Presence of countries such as India and China with high number of aged populations causes a lack of labor force in the region, boosting growth of the market.

Moreover, China and Japan, which have major electronics industry that use vision-guided robot for component fabrication, pick and placement of parts, assembling miniature components on PCBs, applying adhesives, inspections, testing, and packing propels the market growth.

Market Dynamics

Drivers

• High Adoption of Vision-Guided Robotic Systems in the Food & Beverage Industry
• Increasing Adoption of Vision-Guided Robotic Systems in the Automotive Industry
• Increasing Labor Safety Concerns by Various Organizations Help in the Adoption of Vgrs

Restraints

• High Deployment Cost of Vision-Guided Robots Hinders the Market Growth

Opportunities

• Technological Advancements

Key Market Players

Emerging and efficient key players in the vision guided robot market research include:

• Basler AG
• ABB
• Teledyne Technologies
• Yaskawa Electric Corporation
• Omron Adept Technology Inc
• FANUC
• Teradyne, Inc
• Keyence Corporation
• Hexagon AB
• DENSO Robotics

For more information about this report visit https://www.researchandmarkets.com/r/bajdvg

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