Global Machine Vision and Vision Guided Robotics Market to 2030 - Featuring Cognex, Basler and ISRA Vision Among Others

DUBLIN, March 21, 2022–(BUSINESS WIRE)–The “Global Machine Vision and Vision Guided Robotics Market, By Component, By Platform, By Type, By Application, By Industry-By Application, By Region, Estimation & Forecast, 2017 – 2030” report has been added to ResearchAndMarkets.com’s offering.

The global Machine Vision and Vision Guided Robotics market in 2021 was valued at USD 14,970.12 Million and is projected to reach USD 29,705.23 Million by the year 2030.

Companies Mentioned

Cognex Corporation
Basler AG
ISRA Vision AG
Teledyne Digital Imaging Inc.
STEMMER IMAGING AG
Eastman Kodak Company
OMRON Corporation
Allied Vision Technologies GmbH
Keyence Corporation
National Instruments Corporation
Hexagon AB
Qualcomm Technologies

The market is anticipated to register a CAGR of 8.22% over the projected period. In 2021, around 188,907 units of Machine Vision and Vision Guided Robots were estimated to be sold.

Machine vision enables a robot for seeing what it is doing. The term vision-guided robots is collectively used for machine vision and image processing systems used for position detection as well as inspection with industrial robots. Growing need for quality inspection as well as automation is expected to boost the market growth. Furthermore, increasing applications in automotive vertical is also expected to fuel the market growth.

Despite the driving factors, surging risk of cyber-attacks on industrial machine robots and devices are expected to hinder the market growth during the forecast period. Moreover, lack of standardization coupled with the high cost of vision robots is also estimated to negatively impact the market growth.

Growth Influencers:

Increasing applications in automotive vertical

In the automotive domain, machine vision and vision robotics have various applications, including inspections and robotic guidance. They use embedded vision sensors to find objects in 2- or 3-dimensional space and adjust paths for object positions, robots utilize machine vision for far better accuracy in critical activities. These include auto racking, bin picking, and positioning of part for assembly. Hence, increasing applications in automotive vertical are estimated to boost the market growth during the forecast period.

The global Machine Vision and Vision Guided Robotics market report provides insights on the below pointers:

Market Penetration: Provides comprehensive information on the market offered by the prominent players
Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the global Machine Vision and Vision Guided Robotics market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The global Machine Vision and Vision Guided Robotics market report answers questions such as:

What is the market size and forecast of the Global Machine Vision and Vision Guided Robotics Market?
What are the inhibiting factors and impact of COVID-19 on the Global Machine Vision and Vision Guided Robotics Market during the assessment period?
Which are the products/segments/applications/areas to invest in over the assessment period in the Global Machine Vision and Vision Guided Robotics Market?
What is the competitive strategic window for opportunities in the Global Machine Vision and Vision Guided Robotics Market?
What are the technology trends and regulatory frameworks in the Global Machine Vision and Vision Guided Robotics Market?
What is the market share of the leading players in the Global Machine Vision and Vision Guided Robotics Market?
What modes and strategic moves are considered favorable for entering the Global Machine Vision and Vision Guided Robotics Market?