What Has Been the Growth of the Vision Guided Robotics Software Market So Far?
The vision guided robotics software market has seen considerable growth due to a variety of factors.
• The vision guided robotics software market has grown rapidly in recent years. It will increase from $2.69 billion in 2024 to $3.22 billion in 2025, at a CAGR of 20.0%.
The growth is linked to decreasing hardware costs, increased processing power, miniaturization of cameras, the globalization of supply chains, and the importance of safety and regulatory compliance.
What Is the Forecasted Market Size and Growth Rate for The Vision Guided Robotics Software Market Size In The Coming Years?
The vision guided robotics software market is expected to maintain its strong growth trajectory in upcoming years.
• The vision-guided robotics software market is projected to reach $6.6 billion by 2029, growing at a CAGR of 19.6%.
Growth drivers include the demand for improved quality control, growth in e-commerce, lean manufacturing practices, complex manufacturing processes, and expansion into emerging markets. Key trends include cloud-based solutions, edge computing, sensor fusion, autonomous navigation, and human-robot collaboration.
What Factors Are Driving Growth In The Vision Guided Robotics Software Market?
The upward trend in robotics utilization across various sectors is anticipated to catalyze the growth of the vision-guided robotics software market. When we talk about robotics, we refer to the technological discipline concerned with the construction, operation, and upkeep of robots. This growing use of robots can be attributed to enhancements in efficiency, cost-cutting measures, and tech advancements. By transforming visual data into real-time understanding and reaction, vision-guided robotics software bolsters robotic capabilities, perfecting navigation, object identification, and manipulation functions. Take for example, a report by the International Federation of Robotics, an NGO located in Germany, declared that around 517,385 new industrial robots were drafted into factories across the globe in October 2022, marking a boost of 39,400 from 2021. Hence, the expanding use of robotics is propelling the vision-guided robotics market's growth.
What Are The Main Segments Of The Global Vision Guided Robotics Software Market?
The vision guided robotics software market covered in this report is segmented –
1) By Type: Mobile Robot, Fixed Robot
2) By Technology: 2 Dimensional Vision Guided, 3 Dimensional Vision Guided
3) By Application: Advanced Robotic Control Welding, Assembly, Cutting, Palletizing And Machine Tending, Navigation, Random Bin Picking, Collaborative Robots, Other Applications
4) By Vertical: Automotive, Electrical And Electronics, Aerospace, Healthcare, Transportation And Logistics, Food And Beverages, Other Verticals
Subsegments:
1) By Mobile Robot: Autonomous Mobile Robots (AMRs), Automated Guided Vehicles (AGVs), Drones (UAVs), Delivery Robots
2) By Fixed Robot: Articulated Robots, SCARA Robots, Cartesian Robots, Delta Robots, Collaborative Robots (Cobots)
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What Emerging Trends Are Influencing The Growth Of The Vision Guided Robotics Software Market?
Leading firms in the vision-guided robotics software sector are striving to develop sophisticated solutions like Vision Systems, which utilize embedded AI technology to improve the precision and productivity of automation. The incorporation of artificial intelligence directly into the hardware or firmware of robotic systems is referred to as embedded AI technology in vision-guided robotics software. This allows for real-time processing and decision making based on visual information. In an example from April 2024, the American machine vision systems manufacturer Cognex Corporation launched the In-Sight L38 3D Vision System. This system combines AI, 2D, and 3D vision technologies to meet various inspection and measurement requirements in industrial automation. It was specifically intended for robotic guidance, and its 3D capabilities allow for accurate object perception, which is invaluable for production line tasks such as picking, placing, and inspecting. Pairing this system with robotic software allows robots to make more accurate decisions based on visual data, enhancing both efficiency and precision.
Who Are the Key Players In The Vision Guided Robotics Software Market?
Major companies operating in the vision guided robotics software market are:
• ABB Ltd.
• Omron Corporation
• Keyence Corporation
• Fanuc Corporation
• Yaskawa Electric Corporation
• Cognex Corporation
• Universal Robots A/S
• Basler AG
• Teledyne DALSA Inc.
• LMI Technologies Inc.
• IDS Imaging Development Systems GmbH
• Zivid AS
• Bluewrist
• Integro Technologies Corp
• Allied Vision Technologies GmbH
• Visio Nerf
• Neurala Inc.
• MVTec Software GmbH
• Apera AI
• Robotic Vision Technologies Inc.
• Sick AG
What Is The Most Dominant Region In The Vision Guided Robotics Software Market?
Asia-Pacific was the largest region in the vision guided robotics software market in 2023. The regions covered in the vision guided robotics software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
