Future Market Insights
The demand within the global vision guided robots market is rising on account of advancements in the field of industrial automation. The presence of an expansive manufacturing sector, coupled with the growing need for customization within industries, has popularised industrial robots. Efficiency and performance are the leading tenets across the manufacturing sector, and hence, industrial heads have heavily invested in improving these dynamics.
The need for accelerating the pace of manufacturing across the electronics industry has given a thrust to the market growth. The total revenues in the global vision-guided market are projected to increase in the following years.
A robot is a multifunctional, reprogrammable manipulator intended to move materials, tools, parts, or specified devices through variable programmed motions. Robots are designed to perform a variety of tasks and a robot fitted with a camera and a computer to provide visual feedback is referred to as a vision guided robot. Vision guided robots work on a technology wherein the camera(s) acts as a sensor, which provides a feedback suggestion to the robot supervisor to precisely move an object to a mutable target location(s). These robots’ precursory work is to capture images and transfer them to the processor, which then reports the data. Furthermore, technology and ease of usage have come together to a point where a variety of industrial applications can leverage vision guided robots efficiently. Furthermore, advanced 3D sensing technologies are taming object detection and making vision guided robots a practical solution for accidental bin picking while developing technologies are providing a tempting view into the vision guided robots market’s future.
Global Vision Guided Robots Market: Dynamics
Adoption of vision guided robots in the market has increased and the reason behind this is the increasing need of automation in all industries. In order to deliver highly qualitative products, industries are using vision guided robots to maintain production lines. An upsurge in the recognition of robotics by SMEs has been observed in recent times for efficient and better functioning of processes within organizations. The customization of products for specific applications increases flexibility of usage required by smaller companies, which will be met by new technological advancements. With international labor safety standards becoming rigorous, robots are being employed in unsafe environments in place of humans. Moreover, vision guided robots are deployed in situations that are deemed unsafe and hazardous for laborers to work, such as working in irregular terrains and management of harmful substances. Vision guided robots enable organizations to circumvent risks and lessen the number of work mishaps.
The restraining factor associated with vision guided robots is the initial cost required for the preliminary set up and integration. This limits the use of robots to heavy manufacturing groups. A major regulating factor for the vision guided robots market is theout of order of the cameras and the lack of acquaintance of robot operators. Furthermore, the limitation to select the existing camera versions with different resolutions is also a restraining factor for the vision guided robots market.
Global Vision Guided Robots Market: Segmentation
On the basis of application, the vision guided robots market can be segmented into:
On the basis of technology, the vision guided robots market can be segmented into:
Global Vision Guided Robots Market: Regional Outlook
Asia Pacific is projected to hold a major share in the vision guided robots market, owing to the hefty demand from a rapidly developing industrial sector. The region has fast growing robotic technology, which can be attributed to the growing industrialization in countries, such as India and China. North America is expected to register a significant CAGR over the forecast period, owing to the fact that different SEMS and MNCs have manufacturing plants in the region. The Middle East and Africa market is expected to account for a considerable share and grow with a positive outlook over the forecast period, attributing to the increased production capability of the oil & gas industry, which in turn requires precision and safety. The vision guided robots market in Latin America is expected to remain stagnant over the forecast period and account for a small market share during the time frame.
Global Vision Guided Robots Market: Market Participants
Examples of some of the market participants in the global vision guided robots market are:
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