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The machine vision and vision guided robotics market size is forecast to increase by USD 7.58 billion, at a CAGR of 9.7% between 2024 and 2029.
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, driven by the increasing demand for automation and advanced manufacturing processes. Real-time processing plays a crucial role in material handling applications, enabling industrial robots to quickly and accurately identify and manipulate objects. Stereo vision and time of flight sensors are integral to quality control processes, ensuring the precision required in various industries. Collaborative and SCARA robots are increasingly being integrated into smart factories, utilizing 3D reconstruction and scene understanding for efficient assembly line automation. Machine learning and neural networks facilitate decision making and image segmentation, while camera calibration and sensor fusion optimize robot guidance.
Pick and place applications benefit from object recognition and 3D modeling, while pallet loading and path planning require depth sensing and motion planning. Convolutional neural networks and feature extraction are essential for bin picking and defect detection. Lighting systems and computer vision systems are critical components of machine vision systems, enabling high-speed imaging and data interpretation. Vision guided robotics is revolutionizing manufacturing automation, with software development and pose estimation playing a significant role in system optimization and performance evaluation. Deep learning and object tracking are essential for advanced applications, such as collision avoidance and safety standards compliance.
The integration of 2D vision and 3D modeling, as well as cloud computing and digital twins, further enhances the capabilities of machine vision and vision guided robotics systems.
The machine vision and vision guided robotics industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
The smart camera based machine vision system segment is estimated to witness significant growth during the forecast period.
The market encompasses smart camera-based systems, which combine a camera with an embedded processor for real-time image processing. This design offers several advantages, including compactness, cost-effectiveness, and the elimination of the need for an external PC. Smart cameras are increasingly adopted for applications such as material handling, quality control, and assembly line automation. Their self-contained nature facilitates seamless integration with various industrial systems, ensuring a harmonious balance between performance and simplicity. Key technologies driving market growth include stereo vision, time of flight, and 3D vision for depth sensing and 3D modeling. Machine learning algorithms, such as convolutional neural networks and deep learning, are employed for object recognition and defect detection.
These advanced capabilities enable smart cameras to perform complex tasks, such as image segmentation, scene understanding, and pose estimation. Vision guided robotics further enhance the versatility of these systems by enabling precise robot guidance and motion planning. Integration services play a crucial role in ensuring seamless implementation of these solutions in smart factories. Additionally, the integration of cloud computing and digital twins allows for system optimization, performance evaluation, and safety standards compliance. In the realm of industrial automation, applications include pick and place, pallet loading, and path planning. Sensor fusion, object tracking, and collision avoidance are essential features that contribute to the efficiency and reliability of these systems.
Overall, the market is witnessing significant growth due to the increasing demand for automation and the integration of advanced technologies.
The Smart camera based machine vision system segment was valued at USD 3.96 billion in 2019 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 40% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The Asia-Pacific (APAC) region is a major contributor to The market. Countries such as China, Japan, South Korea, and India are driving this growth due to their advanced adoption of these technologies, particularly in industries like automotive, electronics, and semiconductors. The robust manufacturing base in the region, combined with a focus on automation and smart factories, is fueling the demand for advanced vision systems and robotics solutions. In the automotive sector, China's vehicle production reached approximately 21 million units in the first nine months of 2024, signifying a steady growth. Machine vision and VGR technologies are integral to the manufacturing process, enabling real-time processing, quality control, and automation of tasks such as pick and place, bin picking, and pallet loading.
Sophisticated technologies like stereo vision, 3D reconstruction, and 3D modeling are essential for industries that require high precision, such as electronics and semiconductors. These technologies facilitate scene understanding, object recognition, and pose estimation, ensuring the production of flawless products. Furthermore, the integration of machine learning, deep learning, and neural networks enhances the capabilities of machine vision systems, enabling them to perform complex tasks like defect detection, motion planning, and decision making. Lighting systems and camera calibration are crucial components of machine vision systems, ensuring optimal image acquisition for accurate analysis. Vision guided robotics (VGR) is a critical component of industrial automation, with applications ranging from assembly line automation and pallet loading to path planning and motion control.
VGR systems use image processing, data acquisition, and control systems to enable robots to navigate their environment and perform tasks based on visual information. Cloud computing and digital twins are increasingly being adopted to optimize manufacturing processes, enabling real-time monitoring, system optimization, and performance evaluation. Collaborative robots (cobots) and SCARA robots are popular choices for industries seeking to integrate machine vision and robotics, offering flexibility, ease of use, and improved safety standards. Sensor fusion, depth sensing, and 2D vision are other essential technologies that enhance the capabilities of machine vision and VGR systems. These technologies enable accurate data interpretation, object tracking, and scene understanding, ensuring efficient and effective manufacturing processes.
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The machine vision and vision guided robotics market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the machine vision and vision guided robotics market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, machine vision and vision guided robotics market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
ABB Ltd. - Machine vision and robotics guided by vision technology are integral solutions we provide, catering to diverse industries such as automotive, electronics, food processing, and logistics. These advanced technologies enhance efficiency, accuracy, and productivity. By leveraging computer vision algorithms and robotics, our offerings enable automated inspection, quality control, and material handling applications. Our machine vision systems analyze visual data to identify patterns, defects, and make decisions with high precision. Simultaneously, our robotics systems, guided by vision, execute complex tasks with dexterity and consistency. Together, these technologies drive automation and digital transformation across various sectors.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Machine Vision And Vision Guided Robotics Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
221 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.7% |
Market growth 2025-2029 |
USD 7579.7 million |
Market structure |
Fragmented |
YoY growth 2024-2025(%) |
9.4 |
Key countries |
US, China, Japan, Germany, and South Korea |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Product
9 Market Segmentation by End-user
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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