The Robotic Vision Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Robotic Vision Global Market
Report 2024, The robotic vision market size has grown rapidly in recent years.
It will grow from $2.34 billion in 2023
to $2.58 billion in 2024 at a compound
annual growth rate (CAGR) of 10.2%.
The growth in the historic period
can be attributed to increased processing power, expansion of industrial
automation, growth in e-commerce and warehousing, demand for quality inspection
in manufacturing, cost reduction in vision components..
The robotic vision market size is expected to see strong growth in the next few
years. It will grow to $3.7 billion in
2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be
attributed to expansion of autonomous vehicles, deployment in smart cities,
application in hazardous environments, customization for small and medium-sized
enterprises, increased adoption in logistics and supply chain.. Major trends in
the forecast period include integration with ai and machine learning,
advancements in 3d vision technology, collaborative robots (cobots), edge
computing for real-time processing, robotics as a service (raas) models,
enhanced object recognition and tracking, iot integration for connectivity,
cybersecurity for robotic systems..
The surging demand for smart cameras in robotic vision propels the growth of
the robotic vision market. Smart cameras refer to the standard wireless cameras
that are employed for more than recording video, taking pictures, and sending
the content over a Wi-Fi network to a smartphone or cloud storage for archival
purposes. For many common factory applications, smart camera devices provide a
modular standalone robotic vision solution that is straightforward to use and
integrate. For an instance, in July 2023, according a report published by
DataProt , a US-based platform that is dedicated to cybersecurity and online
protection, smart home camera systems have been growing in popularity across
the globe, with almost 98.8 million households worldwide using them. This
number is expected to double by 2027 to about 180.7 million households. Thus, the surging demand for smart cameras in
robotic vision is driving the growth of the robotic vision market.
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The robotic vision market covered in this report is segmented –
1) By Component: Hardware, Software
2) By Technology: 2D Vision, 3D Vision
3) By Industry: Electrical and Electronics, Metals and Machinery, Precision
Engineering and Optics, Automotive, Pharmaceuticals and Cosmetics, Food and
Beverages, Chemical, Rubber, and Plastic, Other Industries
Technological development is a key trend gaining popularity in the robotic
vision market. Major players in the robotic vision sector are focused on
technological developments to sustain their market position. For instance, in
January 2021, DreamVu Inc., a US-based, computer hardware manufacturing company
engaged in the development of 360-degree and 3D cameras, robotics, and
autonomous navigation, launched PAL and PAL Mini Omnidirectional 3D Vision
Systems. PAL and PAL Mini have advanced imaging algorithms and provide visual
intelligence and 3D point clouds with high-resolution vision, accurate depth,
and color. Its cameras are appropriate for navigation systems, in applications
where low power consumption and high dependability are crucial, such as
residential vacuum-cleaning robots, commercial cleaning robots, and
disinfection robots.
The robotic vision market report table of contents includes:
1. Executive Summary
2. Robotic
Vision Market Characteristics
3. Robotic
Vision Market Trends And Strategies
4. Robotic
Vision Market - Macro Economic Scenario
5. Global
Robotic Vision Market Size and Growth
.
31. Global Robotic Vision Market Competitive Benchmarking
32. Global
Robotic Vision Market Competitive Dashboard
33. Key
Mergers And Acquisitions In The Robotic Vision Market
34. Robotic
Vision Market Future Outlook and Potential Analysis
35.
Appendix
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