North America Holds Significant Share of Robotic Vision Market

Robotic vision has various applications across various industries; it is used for correct packaging and material handling operations. Robotics vision makes the manufacturing and packaging process easy by ensuring the quality of the products, checking product safety, preventing defective products or damaged products from entering the market, and tracing the products.

According to industry research conducted by Knowledge Sourcing Intelligence, the robotics vision market is segmented by component, industry vertical, and geography. By component, the market is segmented into the smart camera, computer, optics, and others. By industry vertical, the market is segmented into aerospace, automotive, metal processing, food processing, and others. Geographically, the global market has been broken down into North America, South America, Europe, Middle East and Africa, and Asia Pacific regions.

Drivers of Robotics Vision Market

Factors such as advancement in technology, declining prices of chips and sensors, and growing demand for automation and surveillance is boosting the robotics vision market growth. The demand for robotics vision in various applications such as material handling, packaging, and palletizing application is increasing due to the rising concern related to the safety of the worker coupled with stringent regulations regarding workers’ safety. The demand for this technology is rising across various industries due to the various benefits offered by it such as efficient packaging, better material handling, and quality check operations. Automobile industry is surging across the globe and increasing use of robotics vision technology for manufacturing and assembling vehicle parts in the automotive industry is increasing the robotics vision market size. 

Market Segmentation

By end-users, the automotive industry is expected to have a significant share of the market on account of early adoption of technology as robotics arms to manufacture and assemble vehicle parts and increasing application of robotics vision for the inspection of parts, welding, and material handling. By application, the food processing segment is expected to have a significant market share owing to the increasing use of robotics vision to reduce the operational cost and to ensure the quality of the product.

Geographically, Europe and North America together hold a significant share of the robotic vision market share owing to a rise in the demand for these systems particularly for material handling applications due to high labor costs and stringent government regulations to provide a safer working environment. However, Asia Pacific is anticipated to witness the fastest market growth due to factors such as rapid industrialization, high infrastructure development and growing concerns about workers’ safety. Rising demand for processed and frozen food products in emerging economies such as China and India will further fuel this regional growth to ensure vision supported packaging of food in harsh environments along with label verification and brand quality. Robotics vision market is fragmented with hundreds of manufacturers. The players are expanding globally to mirror their customers’ requirement. As a result, they are increasingly integrating with other players. The key players include ABB Ltd., Kawasaki Robotics, Keyence, Amazon Robotics, ISRA VISION AG, Sick AG, Cognex Corporation, FANUC, Yaskawa, KUKA Robotics among others. Robotic vision has various applications across various industries; it is used for correct packaging and material handling operations. Robotics vision makes the manufacturing and packaging process easy by ensuring the quality of the products, checking product safety, preventing defective products or damaged products from entering the market, and tracing the products. According to industry research conducted by Knowledge Sourcing Intelligence, the robotics vision market is segmented by component, industry vertical, and geography.

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