Pune, India -- (SBWIRE) -- 09/25/2018 -- Robotic Vision Market growing at exponential compound annual growth rate by forecast period of 2018 to 2022. Robotic Vision Market is majorly driven by which is driving this market is need for vision technology in the manufacturing industries and increasing quality standards. Global Robotic Vision Market has been valued at US $4 billion in the year 2015 which is expected to grow at US ~$9 billion by the end of forecast year with CAGR of 12%.

Robotic Vision Global Market - Overview

Robotic vision is a technology consisting cameras, hardware, computer software programs and algorithms to make a robot visualize the objects and extract information from it. This results in practical application of robot palletizing and de-palletizing, due to which it becomes possible to track and pick parts in motion on a conveyor which increases the flexibility of robotic automation. However, robotic vision is mainly and largely used in automobile industry in manufacturing processes. Automobile industry are early adopters of Robotic Vision Market, such as automated robotic arms for manufacturing and assembling purpose. There is also increase in usage of robotic vision for material handling, welding, inspection of parts, loading and unloading heavy parts, etc. It is expected to contribute the largest market share for robotic vision market. Robotic vision is of utmost importance in applications where human interventions are low due to safety reasons such as in material processing plants where the gases generated from the processing has very adverse effect on human beings, However, in such circumstances robotic vision enabled machines are used instead of human beings.

Rise in automation demand, adoption of industry 4.0, and regulation for quality inspections in industries are the major drivers for the growth of robotic vision market. High initial investments and lack of global robotic implementation standards are the major opportunities for the robotic vision market. However, lack of awareness, less flexibility in working of machine are restraining the growth of the market.

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Key Players:

The prominent players in the global robotic vision market are FANUC Corporation (Japan), Yasakawa Electric Corporation (Japan), OMRON Corporation (Japan), KUKA AG (Germany), Cognex Corporation (US), ABB Group (Switzerland), Kawasaki Heavy Industries Ltd. (Japan), Keyence Corporation (Japan), SICK AG (Germany), Basler AG (Germany), among others, are profiled in Market Research Future analysis and are at the forefront of competition in the robotic vision market.

Robotic Vision Global Market - Segmentation:

Segmentation by Components: Hardware and Software. Hardware is further segmented as Cameras, Optics, Filters, Lenses, and Sensors. Software is further segmented as Tracking and Image Processing.

Segmentation by Technology: 3D technology and 2D technology.

Segmentation by Application: Welding, Manufacturing, Inspection & testing, Painting, Packaging and Palletizing.

Segmentation by Vertical: Healthcare, Government, Consumer, Military and Defence and Others.

Segmentation by Region: North-America, Europe, Asia-Pacific, Rest of the World.

Robotic Vision Global Market - Regional Analysis:

The regional analysis of robotic vision market is studied for North America, Europe, Asia Pacific and Rest of the World.

India, China and Japan are growing at an immense rate in automobile, healthcare, electronics where, robotic vision is widely implemented. However, Asia-Pacific region is expected to dominate the robotic vision market. Moreover, lack of availability of skilled labours, presence of major key players such as Yasakawa electric, Omron corporation, etc, growing industrialization and government initiatives for safety drives the growth of robotic vision market in Asia-Pacific.

Europe is among the early adopters of robotic vision in automobile industry and presence of global players in robotic vision such as Basler AG, KUKA AG which are expected to drive the growth of European robotic vision market. Moreover, North America is expected to show a stagnant growth in due to implementation of robotic vision in food and beverages, and presence of a smaller number of players as compared to Asia-pacific.

Industry News:

Jul 18, Yasakawa Electric corporation started the operation of its third plant Yasakawa Electric (Shenyang) co. ltd.

Yasakawa Electric corporation opened and started operation of its third plant Yasakawa Electric (Shenyang), Co. Ltd. As investments in industrial automation is increasing due to advancements in robotic vision, decrease in labor force, results in increasing industrial robots in China. Yasakawa Electric expanded third plant to increase production capacity due to increase in demand for robot controllers, servo motors, servo amplifiers, which are essential components of automation equipment.

Jul 18, Basler AG a Germany based robotic vision camera maker acquires silicon software.

Silicon software a Germany based software company acquired by robotic vision camera maker Basler. Basler is planning to combine its cameras with the intelligent image acquisition cards of silicon software which allows on-board analysis and preprocessing of image data with reduced cost. Also, silicon software's VisualApplets software increase time-to-market cycle and reduces development time for customers.

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June 18, Cognex launches VisionPro ViDi software worldwide.

Cognex a US based robotic vision company launches VisionPro ViDi software worldwide. It is difficult in manufacturing processes to detect defects, however, VisionPro combines human visual inspection with and speed of automation to solve applications that are difficult to automate. VisionPro can be train very quick using just 50 images.

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