The global robot vision system market is estimated to reach US$ 2,690.4 million in 2023 and is projected to grow at a robust CAGR of 10.4%, achieving a valuation of US$ 7,236.2 million by 2033.
The 2D vision segment is expected to dominate the market, with a valuation of approximately US$ 1,794.5 million in 2023, accounting for 66.7% of the total market share. Additionally, the inspection application segment will hold a significant 26.3% share of the overall market, valued at approximately US$ 706.5 million in 2023.
Country-wise Insights
North America stands out as one of the largest markets and leading innovators in robotics, playing a pivotal role in advancing robotic applications. The market's growth is primarily driven by the extensive adoption of robots across diverse industries. According to the International Federation of Robotics, annual industrial robot installations in North America were estimated at 54,000 units in 2019 and projected to rise to 69,000 units by 2022.
Government initiatives such as the Advanced Manufacturing Partnership are further boosting machine vision system output. These programs encourage collaboration among businesses, academic institutions, and the federal government to invest in advanced automation technologies.
As a result, the robot vision system market in the United States is projected to reach a valuation of US$ 414.25 million by 2023, with an anticipated CAGR of 8.6% over the forecast period.
Category-wise Insights
The 2D vision systems segment dominates the robot vision systems market and is expected to maintain its leadership throughout the forecast period from 2023 to 2033. These systems are widely used across various industries, including consumer electronics, food and beverage, pharmaceuticals, logistics, and warehousing, due to their efficiency and adaptability.
2D vision systems are particularly advantageous for general-purpose applications as they process images faster than their 3D counterparts. This efficiency makes them the preferred choice for many industrial applications, contributing to their larger market share in 2023.
While 3D vision systems offer greater complexity and provide more detailed information about target objects, enabling industrial robots to perform precise manipulations, their adoption remains more niche compared to the widespread application of 2D vision systems.
Read More: https://www.factmr.com/report/robot-vision-system-market
Competitive Landscape
The adoption of advanced technologies has resulted in moderate market fragmentation within the global vision-guided robotics industry. Numerous local and international vendors either manufacture their own vision-guided industrial robots or integrate third-party vision systems into their robotic solutions. These vendors also develop vision-guided robots customized for specific industries, catering to a wide range of industrial applications.
Fact.MR has provided comprehensive insights in its recent report, detailing the pricing strategies of key robot vision system manufacturers across various regions, along with sales growth, production capacities, and potential technological advancements shaping the industry.
Segmentation of Robot Vision System Industry Research
- By Vision :
- By End Use Industry :
- Aerospace
- Automotive Industry
- Consumer Electronics
- Food & Beverages
- Logistics & Warehousing
- Manufacturing
- Pharmaceutical
- Semiconductor
- Others
- By Application :
- Depalletizing
- Inspection
- Measuring
- Navigation
- Product Assembly & Sorting
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
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