Vision Guided Robotics Market Size, Share, Growth Analysis, By Component(Hardware, Software, and Services), By Type(2D Vision, 3D Vision), By Application(Automobile, Electrical & Electronics, Healthcare & Pharmaceutical, Aerospace & Defense), By Region - Industry Forecast 2025-2032

Report ID: SQMIG45A2354 | Region: Global | Published Date: October, 2024
Pages: 196 | Tables: 95 | Figures: 71

Vision Guided Robotics Market Insights

Vision Guided Robotics Market size was valued at USD 13.82 Billion in 2023 and is poised to grow from USD 14.9 Billion in 2024 to USD 27.22 Billion by 2032, growing at a CAGR of 7.82% during the forecast period (2025-2032).

Rapidly surging demand for automation across multiple industry verticals and advancements in robotics technologies are slated to boost the demand for vision guided robotics going forward. Advancements in machine vision technologies are also expected to bolster the adoption of vision guided robotics in the future. The boom in e-commerce activity is also promoting the demand for advanced logistics and warehousing solutions thereby offering new business scope for vision guided robotics providers. Surge in popularity and adoption of collaborative robots and growing application scope of vision guided robotics in healthcare are also anticipated to supplement the global vision guided robotics market growth in the long run. On the contrary, complexity in integration, high initial costs, dearth of skilled workforce, and data privacy concerns are all slated to be key restraints for vision guided robotics companies across the study period and beyond.

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Vision guided robotics providers should focus on making robots that are easy to integrate and use for end users. Targeting the automotive manufacturing industry is slated to bolster revenue generation for all vision guided robotics companies. Investing in Europe, Asia Pacific, and North America regions is expected to be the prime focus of almost all vision guided robotics provides going forward. 'ABB Ltd. ', 'Basler AG ', 'Nachi-Fujikoshi Corporation ', 'Denso Corporation ', 'Cognex ', 'Midea Group ', 'Fanuc Corporation ', 'Atlas Copco Group ', 'Omron Corporation ', 'Pleora Technologies Inc. ', 'SICK AG ', 'Teradyne ', 'Yaskawa Electric Corporation ', 'Mitsubishi Electric Corporation ', 'Keyence Corporation ', 'Epson Robots ', 'Teledyne Technologies ', 'Staubli Robotics ', 'Festo AG ', 'TKH Technologie Deutschland AG ', 'Robotiq ', 'Hikvision Robotics ', 'Mech-Mind Robotics'

Use of 3D Vision Systems: Vision guided robotics providers can focus on the utilization and integration of 3D vision systems to enhance the capabilities of their robots and maximize functionality. 3D vision systems provide depth perception and spatial understanding, enabling robots to handle complex tasks like bin picking, object assembly, and navigation in cluttered spaces.

The Asia Pacific region is forecasted to account for a substantial share of the global vision guided robotics market in the future. Presence of a robust manufacturing industry, growing adoption of industrial automation, and rising emphasis on productivity enhancement are expected to boost sales of vision guided robotics in this region. China is expected to be the leading market owing to its efforts to enhance its manufacturing activity and maintain its dominant position in the global manufacturing landscape. Japan, India, and South Korea are slated to be other opportune markets owing to the presence of robust automotive manufacturing industry and high adoption of robotics in the long run.

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Vision Guided Robotics Market Size, Share, Growth Analysis, By Component(Hardware, Software, and Services), By Type(2D Vision, 3D Vision), By Application(Automobile, Electrical & Electronics, Healthcare & Pharmaceutical, Aerospace & Defense), By Region - Industry Forecast 2025-2032

Vision Guided Robotics Market Insights

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