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Report
Vision Guided Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-11-24 I 141 Pages I IMARC Group
The global vision guided robotics market size reached US$ 7.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 15.1 Billion by 2028, exhibiting a growth rate (CAGR) of 13.67% during 2022-2028.
A vision guided robotics (VGR) is an automation technology embedded with cameras, special-purpose lighting, software, and robots. It is also integrated with machine vision (MV) and image processing technologies to provide a second feedback signal to the robot controller and navigate to a variable target position. It offers a higher level of accuracy and precision in operations and enables flexible manufacturing and production lines to accommodate product changes compared to conventional robots readily. Besides this, as it assists in eliminating time-consuming work and improving the overall productivity, the demand for VGR is escalating around the world.
Vision Guided Robotics Market Trends:
At present, there is a rise in the adoption of VGR systems in the industrial, manufacturing, and transit sectors on account of rapid industrialization across the globe. This represents one of the key factors propelling the growth of the market. Apart from this, there is an increase in the demand for automation and safety across numerous industry verticals. This, in confluence with several benefits of VGR systems over conventional robots in terms of applicability and flexibility of adaptation, is positively influencing their overall sales. Furthermore, leading market players are continuously funding research and development (R&D) activities to introduce advanced robots with high-definition (HD) cameras and accurate sensors that involve obstacle detection and avoidance skills in vision systems. These advanced robots aid in performing flexible jobs, such as driving, flying, and mobile activities. Moreover, key players are focusing on fast-expanding computing power, improving high-level software libraries, making progress in imaging hardware, and lowering the cost of computer memory, which is creating a favorable market outlook. Besides this, the rising utilization of VGR systems in pharmaceuticals, semiconductors, automobiles, cosmetics, food and drinks, and medical devices, is driving the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global vision guided robotics market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, component and industry vertical.
Breakup by Type:
2D-Vision System Robots
3D-Vision System Robots
Breakup by Component:
Hardware
Software
Services
Breakup by Industry Vertical:
Automobile
Electrical and Electronics
Aerospace and Defense
Foods and Beverages
Healthcare and Pharmaceutical
Metal Processing
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., Allied Vision Technologies GmbH, Basler AG, Bastian Solutions LLC (Toyota Industries Corporation), Cognex Corporation, DENSO Corporation, FANUC Corporation, ISRA Vision AG (Atlas Copco), Kawasaki Heavy Industries Ltd., OMRON Corporation, Universal Robots A/S (Teradyne Inc.) and Yaskawa Electric Corporation.
Key Questions Answered in This Report:
How has the global vision guided robotics market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global vision guided robotics market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the component?
What is the breakup of the market based on the industry vertical?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global vision guided robotics market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Vision Guided Robotics Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 2D-Vision System Robots
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 3D-Vision System Robots
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Component
7.1 Hardware
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Software
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Services
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Industry Vertical
8.1 Automobile
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Electrical and Electronics
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Aerospace and Defense
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Foods and Beverages
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Healthcare and Pharmaceutical
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Metal Processing
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 ABB Ltd.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Allied Vision Technologies GmbH
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Basler AG
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.4 Bastian Solutions LLC (Toyota Industries Corporation)
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Cognex Corporation
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.6 DENSO Corporation
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 FANUC Corporation
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 ISRA Vision AG (Atlas Copco)
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Kawasaki Heavy Industries Ltd.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 OMRON Corporation
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Universal Robots A/S (Teradyne Inc.)
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Yaskawa Electric Corporation
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
Figure 1: Global: Vision Guided Robotics Market: Major Drivers and Challenges
Figure 2: Global: Vision Guided Robotics Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Vision Guided Robotics Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Vision Guided Robotics Market: Breakup by Type (in %), 2022
Figure 5: Global: Vision Guided Robotics Market: Breakup by Component (in %), 2022
Figure 6: Global: Vision Guided Robotics Market: Breakup by Industry Vertical (in %), 2022
Figure 7: Global: Vision Guided Robotics Market: Breakup by Region (in %), 2022
Figure 8: Global: Vision Guided Robotics (2D-Vision System Robots) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Vision Guided Robotics (2D-Vision System Robots) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Vision Guided Robotics (3D-Vision System Robots) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Vision Guided Robotics (3D-Vision System Robots) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Vision Guided Robotics (Hardware) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Vision Guided Robotics (Hardware) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Vision Guided Robotics (Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Vision Guided Robotics (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Vision Guided Robotics (Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Vision Guided Robotics (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Vision Guided Robotics (Automobile) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Vision Guided Robotics (Automobile) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Vision Guided Robotics (Electrical and Electronics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Vision Guided Robotics (Electrical and Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Vision Guided Robotics (Aerospace and Defense) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Vision Guided Robotics (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Vision Guided Robotics (Foods and Beverages) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Vision Guided Robotics (Foods and Beverages) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Vision Guided Robotics (Healthcare and Pharmaceutical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Vision Guided Robotics (Healthcare and Pharmaceutical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Vision Guided Robotics (Metal Processing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Vision Guided Robotics (Metal Processing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: North America: Vision Guided Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: North America: Vision Guided Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: United States: Vision Guided Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: United States: Vision Guided Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Canada: Vision Guided Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Canada: Vision Guided Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Asia-Pacific: Vision Guided Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Asia-Pacific: Vision Guided Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: China: Vision Guided Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: China: Vision Guided Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Japan: Vision Guided Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Japan: Vision Guided Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: India: Vision Guided Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: India: Vision Guided Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: South Korea: Vision Guided Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: South Korea: Vision Guided Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Australia: Vision Guided Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Australia: Vision Guided Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Indonesia: Vision Guided Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Indonesia: Vision Guided Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Others: Vision Guided Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Others: Vision Guided Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Europe: Vision Guided Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Europe: Vision Guided Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Germany: Vision Guided Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Germany: Vision Guided Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: France: Vision Guided Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: France: Vision Guided Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: United Kingdom: Vision Guided Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: United Kingdom: Vision Guided Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Italy: Vision Guided Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Italy: Vision Guided Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Spain: Vision Guided Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Spain: Vision Guided Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Russia: Vision Guided Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Russia: Vision Guided Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Others: Vision Guided Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Others: Vision Guided Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Latin America: Vision Guided Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Latin America: Vision Guided Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Brazil: Vision Guided Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Brazil: Vision Guided Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Mexico: Vision Guided Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Mexico: Vision Guided Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Others: Vision Guided Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Others: Vision Guided Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Middle East and Africa: Vision Guided Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Middle East and Africa: Vision Guided Robotics Market: Breakup by Country (in %), 2022
Figure 78: Middle East and Africa: Vision Guided Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Global: Vision Guided Robotics Industry: SWOT Analysis
Figure 80: Global: Vision Guided Robotics Industry: Value Chain Analysis
Figure 81: Global: Vision Guided Robotics Industry: Porter's Five Forces Analysis
Table 1: Global: Vision Guided Robotics Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Vision Guided Robotics Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Vision Guided Robotics Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 4: Global: Vision Guided Robotics Market Forecast: Breakup by Industry Vertical (in Million US$), 2023-2028
Table 5: Global: Vision Guided Robotics Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Vision Guided Robotics Market: Competitive Structure
Table 7: Global: Vision Guided Robotics Market: Key Players
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