Robot Vision System Market

Robot Vision System Market Outlook (2023-2033)

The global robot vision system market will reach a valuation of US$ 2,690.4 million in 2023 and expected to progress at a CAGR of 10.4% to reach US$ 7,236.2 million by the end of 2033.

2D type of vision will value around US$ 1,794.5 million and accounting the market share 66.7% by the end of 2023. By capturing 26.3% market share of overall robot vision system market, inspection type of application will be valued around US$ 706.5 million in 2023.

Report Attributes	Details
Robot Vision System Market Size (2022A)	US$ 2,410.6 million
Estimated Market Value (2023E)	US$ 2,690.4 million
Forecasted Market Value (2033F)	US$ 7,236.2 million
Global Market Growth Rate (2023-2033)	10.4% CAGR
North America Market Share (2023)	18.2%
North America Market Value (2023)	US$ 489.7 million
East Asia Market Share (2023)	43.1%
East Asia Market Value (2023)	US$ 1,159.6 million
China Market Share (2023)	30.2%
China Market Value (2023)	US$ 812.85 million
Market Share of Top 3 Countries	53.7%
Key Companies Profiled	Alpha Techsys Automation Cognex Corporation Fanuc America Corporation GSK CNC Equipment Co. Ltd. Nanotronics Pepper+Fuchs Sick Sensor Intelligence Yaskawa America, Inc

Sales Analysis of Robot Vision System (2018-2022) Vs Market Outlook (2023-2033)

The increasing demand for quality and automation inspection across numerous industrial sectors is anticipated to boost the market. Additionally, the pharmaceutical, packaging, food and beverage, and chemical sector’s desire for vision-guided robotic systems is predicted to fuel market growth.

The surge in demand for application-oriented machine vision systems during the anticipated timeframe will facilitate technological adoption.

Robot vision system use one or more digital signal processing, video cameras and analogue to digital conversion to let a computer to monitor, examine, and critique the job being done. The computer will analyses the data after it has been captured and will then provide the desired output. In any robot vision system, resolution and sensitivity are crucial components. Resolution is in charge of distinguishing between objects, whilst sensitivity is the ability of the system to pick up on weak impulses or objects even in low light or with invisible wavelengths.

The industry demands for safety and quality products in the manufacturing sector which led to increase adoption of robot vision system. Furthermore, the increasing penetration of customized robotic vision and usage of machine learning and artificial intelligence is also advance the robot vision system.

• Short Term (2023 to 2026): The market for automated robotic vision systems is expected to expand as industrial automation and technological advancements continue in the coming years.
• Medium Term (2026-2029): China and United States are in the spotlight as they are major players in the manufacturing of robotic vision systems. Increasing technological progress is supported by both developed and developing countries.
• Long Term (2029-2033): In developing countries the demand for robot vision system is expected to grow due to the need to meet the increasing production capacity and optimum efficiency and the rising acceptance of Industrial 4.0

The global market for robot vision system robots registered a CAGR of 7.2% during historic period. Fact.MR, a market research and competitive intelligence provider, reveals that the market will exhibit growth at 10.4% CAGR between 2023 and 2033.

Market share analysis of robot vision platform based on application and region is provided in the above image. Under end use industry, consumer electronics dominates with 19.6% market share in 2023.

What’s Driving High Demand for Robot Vision System across Regions?

“Upsurge in Need for quality inspection have led to increase in robot vision system market growth”

The emerging trend of the quality control of the product in different industries have led to increase the demand for robot vision system. The robot vision system provides non-contact inspection, low cost and high repeatability of the product. The automation is so much in demand that it has replaced the manual inspection check.

The traditional quality check approach takes longer time and as the work involve human it is expected to depreciate the work performance with time. Also minor errors won’t be detected by the humans which robots can do efficiently.

Due to the technological advancement in industrial work the manufacturers are shifting towards advance equipment for quality check to reduce time and increase efficiency. Therefore, robot vision system market is expected to create absolute dollar opportunity of US$ 4,825.6 million in the forecast year of 2023-2033.

“Increase demand for vision enable robots will increase the market growth”

With respect to automation and robotics industrial segment has witness lot of changes during the year. It majorly happened after COVID-19 pandemic, when people were not able to move out from their houses the production capacity got affect which has further created the demand for industrial automation to reduce the dependency on human.

Furthermore, robot vision system will enable the manufacturing unit to work efficiently and increase the market growth. The shift from manual manufacturing to automation manufacturing have created the demand for robot vision system for quality control check in the forecast year.

What Could be the Restraining Factor for Robot Vision System Market?

“High maintenance of the Robot Vision System Can Limit the market growth”

The operating capacity of mobile robot due to their product size is limited while the other giant industrial robot is much more efficient for the performance of task as they can lift bulky products. The load capacity limitations of mobile robots are one of their main drawback.

Mobile robot is capable of carrying light weighted product due to which they make less likely prefer in automotive industry. The mobile robot is less likely to perform in dusty and has lot of steam in that condition also mobile robot unable to perform task. Therefore, the manufacturers need to make the platforms of mobile robot in such a way that it can function in different weather condition which can lead to the market growth of robot vision system.

Country-wise Insights

How Robot Vision System market is skyrocketing in United States?

One of the world's biggest market and one of the major inventors and pioneers in the use of robotics is the North American region. The widespread usage of robots across various industries is the main driver of the market's expansion. The estimated annual industrial robot installations in the North American region, according to the International Federation of Robotics, were 54,000 units in 2019 and were projected to increase to 69,000 units by 2022.

Machine vision system output will rise as a result of government efforts like the Advanced Manufacturing Partnership, which encourage business, several institutions, and the federal government to invest in cutting-edge automation technology. Thus, the market for robot vision system in United States is anticipated to reach US$ 414.25 million by 2023 and to grow at a CAGR of 8.6% during the anticipated period.

Why is the China Robot Vision System Market Expected to Be Highly Lucrative?

The robot vision system consists of the following component which are 3D imaging, deep learning, embedded vision, lithium ion battery, and robotics. China has one of the largest manufacturing hub. Further the rising government initiative for the “Made in China” 2025 strategy to aspire the nation into manufacturing hub will further accelerate the growth of the market.

Therefore, the demand for robot vision system in China have lucrative opportunity due to the China being manufacturing hub furthermore one of the component that is being deployed in the robot vision system i.e. lithium ion battery and China accounts for 80% share of lithium ion battery across the globe. The country also dominates the other part of the battery supply chain which include the mining and refining of battery mineral like lithium and graphite.

Category-wise Insights

Which type of vision is expected to surge the market?

The market for robot vision systems is dominated by the 2D vision systems segment, and it is anticipated to continue during the forecast period of 2023-2033. Many different industries, including consumer electronics, food and beverage, pharmaceuticals, logistics, and warehousing, use 2D vision systems extensively. In general, 2D vision systems process images more quickly than 3D vision systems and are better suited for general-purpose applications.

As a result, the market for 2D vision systems will hold a bigger market share in 2023. Even while 3D vision systems are more complex than 2D vision systems, they can offer more details on the target object that an industrial robot will be manipulating.

Which end use industry is estimated to support market growth in the robot vision market during the forecast period?

Robotic vision systems have the potential to change production in the consumer electronics sector for better throughput, quality, and productivity. Inspection of electronic components, particularly semiconductors, has been transformed by vision systems. Additionally, the high precision tasks of packaging and palletizing are also heavily reliant on robotic vision systems.

Robotic vision systems are largely implemented in the consumer electronics sector because of their capacity to direct material handling robots to place items or materials as required in a production process.

Therefore, the consumer electronics industry holds the major share and contribute the market share of 19.6% in the end of 2023 and expected market value will US$ 527.3 million by the end of 2023.

Competitive Landscape

The introduction of new technology has led to a moderate degree of market fragmentation in the worldwide vision guided robotics industry. There are numerous local and international vendors who produce their own vision-guided industrial robots or buy vision systems from providers and incorporate them into their robots. Additionally, the vendors produce vision guided robots tailored to particular industries and offer technologies for a range of industrial applications.

Fact.MR has provided detailed information about the price points of key manufacturers of robot vision system positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Robot Vision System Industry Research

• By Vision:

  • 2D
  • 3D

• By End Use Industry:

  • Aerospace
  • Automotive Industry
  • Consumer Electronics
  • Food & Beverages
  • Logistics & Warehousing
  • Manufacturing
  • Pharmaceutical
  • Semiconductor
  • Others

• By Application:

  • Depalletizing
  • Inspection
  • Measuring
  • Navigation
  • Product Assembly & Sorting

• By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa