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Machine Vision and Vision Guided Robotics Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

Global Machine Vision and Vision Guided Robotics Market- (By Component – Hardware, Software and Services; By Platform – PC Based, Camera Based, and Vision Guided Robots; By Type – 1D, 2D and 3D; By Application – Positioning/guidance/location, Identification, and others; By Industry – Automotive, Electrical & Electronics and others; and By Region) - Industry Dynamics, Market Size, Opportunity and Forecast to 2030

  • Published On: 13-Jan-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0122118
    Delivery: 2 to 4 Hours
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Machine Vision and Vision Guided Robotics Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2021US$ 14.970.1 Mn
Expected Revenue in 2030US$ 29,705.2 Mn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2030
UnitValue (USD Mn)
CAGR8.22%
Segments coveredBy component, platform, type, application, industry, and region
Key CompaniesCognex Corporation, Basler AG, ISRA Vision AG, Teledyne Digital Imaging Inc., and other prominent players.
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

The Global Machine Vision and Vision Guided Robotics Market was valued at US$ 14,970.1 Mn in 2021. 

Global Machine Vision and Vision Guided Robotics Market is segmented into six broad categories namely – by component, by platform, by type, by application, by industry and by region

The study period for the Global Machine Vision and Vision Guided Robotics Market is 2017-2030. 

Growing need for quality inspection and automation are the major drivers of the Global Machine Vision and Vision Guided Robotics Market. The market is projected to witness a jump in revenue from US$ 14,970.1 Mn in 2021 to US$ 29,705.2 by 2030, registering a CAGR of 8.22% during the forecast period. 

Primary and secondary research was undertaken and further the Value Chain Analysis, PESTLE Analysis and Porter’s Five Forces Analysis were conducted to identify strengths, weaknesses, and potential threats. 

Hardware is the leading component in the market for global machine vision and vision guided robotics.

In 2021, PC based platform segment holds the highest market share of 52.2% in the global machine vision and vision guided robotics market.

Automotive industry with a share of 29.9% holds the highest market share for global machine vision and vision guided robotics market in 2021.

Asia Pacific is anticipated to have the highest CAGR of 9.18%, even though, the North American region holds the highest share of 35.7% in the global machine vision and vision guided robotics market in 2021. 

Rising need for quality inspection and automation is driving the global machine vision and vision guided robotics market.

Surging risk of cyber-attacks on industrial machines, robots and devices is a challenge for the global machine vision and vision guided robotics market.

The key players in the global machine vision and vision guided robotics market are Cognex Corporation, Basler AG, ISRA Vision AG, Teledyne Digital Imaging Inc., STEMMER IMAGING AG, Eastman Kodak Company, Keyence Corporation, Hexagon AB, Qualcomm Technologies, and Allied Vision Technologies GmbH among others.

The leading industrial robot vendors struggled in 2020 due to a downturn in worldwide demand for industrial robots caused by the COVID-19 pandemic. The manufacturing units and industries across various regions were halted as a result of lock-down, which further impacted the demand for Machine Vision and Vision Guided Robotics. Since the demand decreased drastically, there was a crisis in producing and distributing machine vision robots globally.