What is Robotic Vision?
Robotic Vision is advanced imaging technology which is integrated with robots to automate the process. This vision allows robots to better navigate and identify objects. Robotic Vision comprises of cameras, sensors, computer, software and other hardware. Robotic vision is available in both 2d and 3d technology with 3d technology rising in popularity. Increasing adoption and investment in automation has resulted in growth of the robotic vision. Another reason being the advancement in technology such as complex algorithms, sensors and cameras. North America is expected to emerge as the biggest market of robotic vision.
The market study is broken down, by Application (Material Handling, Packaging and Palletizing, Assembling and Disassembling, Cutting, Grinding and Deburring, Measurement, Inspection and Testing and Others) and major geographies with country level break-up.
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Boston Dynamics (United States), Hitachi, Ltd. (Japan), Qualcomm Technologies, Inc. (United States), Sick AG (Germany), ABB Ltd. (Switzerland), Keyence Corporation (Japan), Teledyne Dalsa Inc. (Canada), FANUC Corporation (Japan), Omron Adept Technology, Inc. (United States) and Hexagon AB (Sweden) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Cognex Corporation (United States) and Koh Young Technology (South Korea).
AdvanceMarketAnalytics has segmented the market of Global Robotic Vision market by Type, Application and Region.
On the basis of geography, the market of Robotic Vision has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. 2D will boost the Robotic Vision market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Detection Algorithm, the sub-segment i.e. Contour Based will boost the Robotic Vision market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Camera will boost the Robotic Vision market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2021, Hitachi Ltd., the Japanese Multinational Conglomerate has announced acquisition of almost 96% stakes in Kyoto Robotics, which is a developer and manufacturer of automated robots, 3D vision systems and control systems. The acquisition is said to have provided Hitachi the capability to provide completely integrated automation for logistics and factory.
In 2019, Boston Dynamics, an American robotics developer has announced acquisition of a Kinema Systems, which is another robotic startup specialised in 3D imagine solutions. This have wide scale applications in logistics and factory automation specifically pick-and-place logistics. The acquisition is said to accelerate Boston Dynamics commercialisation of robots for factory and logistics purposes.
- Integration of Artificial Learning
- Increasing Adoption of Automation and Related Technology
- Advancement in Technology
- 3D Technology Promises Bright Opportunities
- Emergence of New Players in the Market
Key Target AudienceRobotic Vision Manufacturers, Suppliers and Distributors, Component Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Boston Dynamics (United States), Hitachi, Ltd. (Japan), Qualcomm Technologies, Inc. (United States), Sick AG (Germany), ABB Ltd. (Switzerland), Keyence Corporation (Japan), Teledyne Dalsa Inc. (Canada), FANUC Corporation (Japan), Omron Adept Technology, Inc. (United States) and Hexagon AB (Sweden) etc.
2. Can we have customized study for Robotic Vision Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Robotic Vision Market by 2026?
Analysts at AMA estimates Robotic Vision Market to reach USD Million by 2026.