Dublin, March 22, 2022 (GLOBE NEWSWIRE) -- The "Global Machine Vision and Vision Guided Robotics Market" report has been added to ResearchAndMarkets.com's offering.
The global Machine Vision and Vision Guided Robotics market in 2021 was valued at USD 14,970.12 Million and is projected to reach USD 29,705.23 Million by the year 2030. The market is anticipated to register a CAGR of 8.22% over the projected period. In 2021, around 188,907 units of Machine Vision and Vision Guided Robots were estimated to be sold.
Machine vision enables a robot for seeing what it is doing. The term vision-guided robots is collectively used for machine vision and image processing systems used for position detection as well as inspection with industrial robots. Growing need for quality inspection as well as automation is expected to boost the market growth. Furthermore, increasing applications in automotive vertical is also expected to fuel the market growth.
Despite the driving factors, surging risk of cyber-attacks on industrial machine robots and devices are expected to hinder the market growth during the forecast period. Moreover, lack of standardization coupled with the high cost of vision robots is also estimated to negatively impact the market growth.
Growth Influencers:
Increasing applications in automotive vertical
In the automotive domain, machine vision and vision robotics have various applications, including inspections and robotic guidance. They use embedded vision sensors to find objects in 2- or 3-dimensional space and adjust paths for object positions, robots utilize machine vision for far better accuracy in critical activities. These include auto racking, bin picking, and positioning of part for assembly. Hence, increasing applications in automotive vertical are estimated to boost the market growth during the forecast period.
Competitive Landscape
Key players operating in the global Machine Vision and Vision Guided Robotics market include Cognex Corporation, Basler AG, ISRA Vision AG, Teledyne Digital Imaging Inc., STEMMER IMAGING AG, Eastman Kodak Company, OMRON Corporation, Allied Vision Technologies GmbH, Keyence Corporation, National Instruments Corporation, Hexagon AB, Qualcomm Technologies, and Other Prominent Players. The cumulative market share of 10 major players is more than 65%.
These market players are involved in collaborations, mergers & acquisitions, and new product launches to strengthen their market presence. For instance, in December 2021, Basler acquired DATVISION and IOVIS. DATVISION is a Korea-based distributor dealing in machine vision components and solutions for various industries, such as the electronics and semiconductor markets. IOVIS is a Seoul, South Korea-based distributor which markets an extensive product portfolio of vision components from a variety of manufacturers.
The global Machine Vision and Vision Guided Robotics market report provides insights on the below pointers:
- Market Penetration: Provides comprehensive information on the market offered by the prominent players
- Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
- Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
- Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the global Machine Vision and Vision Guided Robotics market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
- Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The global Machine Vision and Vision Guided Robotics market report answers questions such as:
- What is the market size and forecast of the Global Machine Vision and Vision Guided Robotics Market?
- What are the inhibiting factors and impact of COVID-19 on the Global Machine Vision and Vision Guided Robotics Market during the assessment period?
- Which are the products/segments/applications/areas to invest in over the assessment period in the Global Machine Vision and Vision Guided Robotics Market?
- What is the competitive strategic window for opportunities in the Global Machine Vision and Vision Guided Robotics Market?
- What are the technology trends and regulatory frameworks in the Global Machine Vision and Vision Guided Robotics Market?
- What is the market share of the leading players in the Global Machine Vision and Vision Guided Robotics Market?
- What modes and strategic moves are considered favorable for entering the Global Machine Vision and Vision Guided Robotics Market?
Key Topics Covered:
Chapter 1 Market Definition and Research Methodology
Chapter 2 Executive Summary
Chapter 3 Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Trends
Chapter 4 Industry Analysis
4.1 PESTEL Analysis
4.2 Porter's Five Forces Analysis
4.3 Value Chain Analysis
4.4 Impact of Covid-19
Chapter 5 Competitive Landscape
5.1 Market Share Analysis
5.2 Competitive Benchmarking
5.3 Company Profiles
Chapter 6 Global Machine Vision and Vision Guided Robotics Market
6.1 Market Overview - Market Size (2017-2030)
6.2 Market Segmentation by:
Chapter 7 North America Machine Vision and Vision Guided Robotics Market
7.1 Market Overview - Market Size (2017-2030)
7.2 Market Segmentation by:
Chapter 8 Europe Machine Vision and Vision Guided Robotics Market
8.1 Market Overview - Market Size (2017-2030)
8.2 Market Segmentation by:
Chapter 9 Asia-pacific Machine Vision and Vision Guided Robotics Market
9.1 Market Overview - Market Size (2017-2030)
For more information about this report visit https://www.researchandmarkets.com/r/tzxoxu
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