Robotic Vision Market - Forecast(2021 - 2026)

Robotic vision is a technology which encompasses a combination of vision algorithms, and cameras to provide vision-like ability for the robots. There are different technologies present which are specific to each application. Robotic vision allows the robot to perform very rudimentary functions as well a complicated functions. All of this is dependent on the type of software which is employed. Robotic vision allows for a number of processes to be simpler or, perform complicated tasks without any strain of the owner/user. Robotic vision helps companies to cut costs in terms of the number of personnel required managing the robots and in also ensuring that whatever process takes place, there is 100% compliance and is not dependent on the users.

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In terms of applications segments, the automotive industry contributed to the largest share of the robotic vision market and it is expected that the automotive industry will continue to be the leading contributor to this market in the coming years. The automotive industry was the earliest adopter of robotic vision especially in Europe. The manufacturing of an automobile requires multiple components to be assembled and fixed onto a separate platform. This is made possible through robotic vision. Robotic vision becomes extremely important for applications where human intervention has to be kept to a minimum because of the safety issues involved. For example, in the materials processing industry, the gases generated through the processing of various materials would be quite harful for any individual working there. In such cases, robotic vision is able to carry out the process without any human intervention.

Increase in the number of manufacturing and automation industries in the APAC region will be a key factor driving this market. The APAC region is expected to have the highest share in the robotic vision business by 2021.

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Robotic Vision Market

The Robotic Vision market has been segmented by the following technologies 2D & 3D Vision, Laser Based, Stereo Vision Based and Structured Light Based. The Robotic Vision market has also been segmented by the following detection algorithms Cloud of Points, Contour-based , Correlation Based and Feature Extraction. In terms of Robotic Vision applications, the market has been divided into the following Assembling & Disassembling, Cutting, Grinding and Deburring, Material Handling, Measurement, Inspection, Testing , Packaging & Palletizing, Painting and Welding. In terms of Robotic Vision industry, the market has been divided into the following Aerospace, Automotive, Electrical & Electronics, Food & Beverage, Introduction, Metal Processing and Pharmaceuticals. The Robotic Vision market has also been segmented by the following geographies Americas, APAC, Europe and RoW.

Following are just a few of the companies that are operating in the Robotic Vision market:

ABB Ltd

Cognex

Fanuc

Kawasaki Robotics

Basler AG

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