NEWARK, DE / ACCESSWIRE / November 14, 2022 / The global vision guided robots market stands at US$ 12.81 Bn as of now and is expected to reach US$ 27.24 Bn by the year 2032 at a CAGR of 7.8% between 2022 and 2032.
Vision guided robots are into transformation of manufacturing processes by facilitating reduction of complexities and prices of the fixed tooling related to setting up and designing robots. The major factors accelerating the vision guided robots market include inevitability of automation.
The key players are also looking into labor safety standards; which are turning out to be stricter. Robots are actually being used in hazardous conditions, thereby replacing the humans. These conditions could be rough terrains or the area where hazardous substances need to be handled.
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At the same time, the vision guided robots market is also subject to a few restraints. For instance - the higher initial cost related to set-up along with limits concerned with integration are the pain points. There are also novel emerging robotic technologies coupled with increasing competition that might lessen demand for the vision guided robots in the near future.
Additionally, there is a dearth of robot operators. Cameras that are out of order are also not replaced frequently.
The ongoing trend also implies the intensity of start-up ecosystem with innovations being witnessed on the recurring note. These start-ups are emphasizing on a multitude of additional features to deploy vision guided robots. Along these lines, Soft Gripping - Universal Grippers (based out of the US) is designing the universal gripping robots having a modular personalized structure capable of handling objects of diverse sizes, forms, and dimensions.
These grippers could be programmed to cater to multi-actor work scenarios and are simple with regards to installation as well as integration with the operations that exist.
Deep learning Robotics (based out of Israel) does develop vision-based robotic controller giving robots probability of observing humans in action and also learn to take the ownership of the tasks that are performed. This is actually an advanced step as compared to the learning mechanisms used on regular basis before.
Pick-it 3D (based out of Israel) does design turnkey vision guided robots employing ‘machine vision' for performing tasks like pallet unloading, machine loading, sorting, and likewise. These robots are abreast with 3D camera as well as custom-designed software algorithms for detecting size, location, and dimensions of product for guiding robotic gripper.
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Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Vision Guided Robots Market' through its dedicated team of analyst and consultants.
Key Takeaways from Vision Guided Robots Market
- North America holds the largest market share. This could be attributed to growing rate of incorporation of automation in the manufacturing vertical.
- Coming to the Europe, various organizations are into deployment of vision guided robots in their production processes. The oil & gas vertical, which could not be imagined without safety and precision, are more into having vision guided robots at their disposal.
- The Asia-Pacific is expected to pick up pace in this regard in the forecast period.
Competitive Landscape
- ISRA, in the year 2019, announced introducing quad-camera sensor solution that claims to have high speeds in data processing and scanning for 100% automated bin picking, so as to take it to the subsequent level (performance-wise).
- Basler, in 2018, did announce acquiring Silicon Software GmbH for further expanding the product portfolio regarding computer vision applications.
"Vision guided robots are preferred as they lessen human errors and also wastage on the part of resources. This factor is expected to help vision robots market go a long way in the near future", says an analyst from Future Market Insights.
What does the Report Cover?
- The research study is based on component (hardware, software, and services), by industry vertical (automotive, electrical and electronics, aerospace & defense, and likewise).
- There is an increasing demand for vision guided robots owing to growing flexibility with respect to discrete sectors coupled with new product launch.
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