Meticulous Research® has published a report forecasting the robotic vision market to reach $5.2 billion by 2029, with an 11% CAGR from 2022. This growth is driven by the widespread adoption of 3D vision systems in industrial robotics, advancements in Industry 4.0, and the increasing demand for automated quality inspection technologies. Government initiatives and the expansion of machine vision systems across various sectors are also contributing to market growth.
Challenges such as depth errors from shiny surfaces, integration difficulties, and high initial costs are significant. Nevertheless, trends such as AI and machine learning advancements and the rising adoption of embedded vision are influencing market developments.
The market is divided into hardware and software, with hardware leading due to its critical role in vision systems. 3D vision systems are the most common, though 4D systems are projected to grow the fastest. Measurement, inspection, and testing applications lead the market, while identification and feature extraction are set for the highest growth. Industrial end users hold the largest share, with the Asia-Pacific region expected to experience the highest growth due to favorable government policies and increasing industrial activities.
Key Players:
The key players operating in the robotic vision market include FANUC Corporation (Japan), Qualcomm Technologies, Inc. (U.S.), Hexagon AB (Sweden), ABB Group (Switzerland), Teledyne Dalsa Inc. (Canada), Cognex Corporation (U.S.), Basler AG (Germany), OMRON Corporation (Japan), National Instruments Corporation (U.S.), Keyence Corporation (Japan), Sick AG (Germany), Tordivel AS (Norway), Advantech (Taiwan), ISRA Vision (Germany), Yaskawa America, Inc. (Japan), Cadence Design Systems, Inc. (U.S.), Panasonic Holdings Corporation (U.S.), Allied Vision Technologies GmbH (Germany), MVTec Software GmbH (Germany), Xenics NV (Belgium), Industrial Vision Systems Ltd (U.K.), and Apera AI (Canada).
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Key Questions Answered in the Report:
- Which are the high-growth market segments based on offering, type, application, end user, and geography?
- What was the historical market size for robotic vision?
- What are the market forecasts and estimates for the period 2022–2029?
- What are the major drivers, restraints, opportunities, challenges, and trends in the robotic vision market?
- Who are the major players, and what are their market shares?
- How is the competitive landscape in the robotic vision market?
- What are the recent developments in the robotic vision market?
- What are the different strategies adopted by the major players in the robotic vision market?
- What are the key geographic trends, and which are the high-growth countries?
- Who are the local emerging players in the robotic vision market, and how do they compete with the global players?
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