The global market for vision guided robotics is expected to witness significant growth in the next five years, according to a recent report. Vision guided robotics refers to robots equipped with built-in cameras that act as sensors, providing feedback to the robot controller to move accurately to a variable target location. These systems operate freely, enhancing production efficiency, improving quality, and reducing human errors and resource wastage.
The report highlights that the vision guided robotics market was valued at USD 5959.4 million in 2023 and is projected to reach USD 10410 million by 2030, with a compound annual growth rate (CAGR) of 8.1%. Market size estimates were made considering the impact of the COVID-19 pandemic and the Russia-Ukraine conflict.
The North American market is expected to witness substantial growth, with an estimated increase from USD million in 2023 to USD million by 2030. Similarly, the Asia-Pacific market is anticipated to grow from USD million in 2023 to USD million by 2030.
The key players in the global vision guided robotics market include FANUC, Adept, ABB, Kuka, YASKAWA, Kawasaki Robotics, OTC, EPSON, and Denso. These companies accounted for a significant portion of the market revenue in 2023.
The report provides a comprehensive analysis of the market, including segmentation by applications (material handling, automated assembly, and others), types (3D vision guided robotics and non-3D vision guided robotics), and regional outlook (North America, Europe, Asia-Pacific, South America, Middle East, and Africa). Additionally, it offers insights into the market drivers, product types, and the challenges faced during the COVID-19 pandemic and Russia-Ukraine conflict.
Overall, the vision guided robotics market demonstrates strong potential for growth, driven by increasing global demand and strategic initiatives from key industry players. With innovations in technology and new product developments, the market is poised for further expansion in the coming years.
– Vision Guided Robotics Market Insights 2023: Top Key Players Analysis, Segmentation, Future Trends with Growth
– Market Growth Reports (https://www.marketgrowthreports.com)