Meticulous Research® has released its forecast for the robotic vision market, predicting growth to $5.2 billion by 2029 with an 11% CAGR from 2022. Key drivers include the increasing adoption of 3D vision systems in industrial robotics, advancements in Industry 4.0, and rising demand for automated quality inspection technologies. Government support and the growing use of machine vision systems are also contributing to this growth.
Challenges such as depth errors from reflective surfaces, integration complexities, and high initial costs are significant. Despite these challenges, trends like AI and machine learning advancements and the increasing adoption of embedded vision are influencing market dynamics.
Segmented by hardware and software, the hardware segment currently leads due to its essential role in vision systems. 3D vision systems are the most prevalent, though 4D systems are expected to grow the fastest. Measurement, inspection, and testing applications are the largest, with identification and feature extraction projected to see the highest growth. The industrial end user segment dominates, with the Asia-Pacific region expected to experience the highest growth due to favorable policies and industrial expansion.
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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