Robotic Vision Market Size, Share, Demand and Growth Forecasts, 2030

1. 1 Robotic Vision Market Size, Share, Demand and Growth Forecasts, 2030 1 © Prescient & Strategic Intelligence Private Limited. All rights reserved

2. 2 The demand of robotic vision is powering at a rate of 9.50% in the years to come, to touch USD 4,971 million by 2030, as stated by a market research institution, P&S Intelligence. The growth of the robotic vision market can be chiefly credited to the increasing necessity for inspection of quality, the growing acceptance of cognitive humanoid robots, and the increasing requirement for quality products along with safety in industries. 2D dominates the industry. This is due to the fact that 2D vision systems are more dependable and easily operable. Furthermore, these are economical and appropriate for numerous general applications, and can process images faster. While, 3D will also grow significantly in the years to come. This has a lot to do with greater manufacturing elasticity and high accuracy, and it allows the automation of tasks and can complete difficult tasks. It can also differentiate objects and perceives human form. The hardware components had the significant share, of about 71%, in 2022, and this will be the case in the future as well. This is credited to the affordable hardware components, for example processors, cameras, lighting, frame grabbers, and controllers. On the basis of deployment, robotic guidance systems are the leader of the pack due to their extensive usage in collaborative robots and their reduced costs. Top 10 Players in the Robotic Vision Market Are: •Cognex Corporation •Basler AG •QUALCOMM Incorporated •Keyence Corporation •FANUC Corporation •ABB Ltd. •Sick AG •Omron Corporation •Hexagon AB •Advantech Co., Ltd. Moreover, they can likewise surge the manufacturing procedure efficiency. In the automotive sector, these are versatile and efficient, and regularly offer secondary feedback signals with sensors to robots. Assembling and disassembling will grow at the highest rate, of 10.6%, in the years to come. This can be as a result of the automation of intricate assembly operations, which are relatively difficult to complete with basic programming that they can comprehend. 2 © Prescient & Strategic Intelligence Private Limited. All rights reserved

3. 3 Additionally, objects are picked and placed with the use of automation technology with the support of robotic vision systems by defining the orientation and position of objects. North America robotic vision market had a significant position with about 28% share in 2022. This is because of the faster acceptance of novel technologies and high income of the people in the region. Also, the increasing investments in the expansion of these kinds of technologies by companies and the growing disposition of robots across numerous sectors is powering the industry of the region. In industrial automation, these are put to use for the management of more than a few significant functions. It is because of the growing trend for quality control for products, the demand for robotic vision is on the rise, and this will grow even more in the near future. Browse detailed report analysis on: https://www.psmarketresearch.com/market- analysis/robotic-vision-market/report-sample Global Robotic Vision Market Segmentation Market Segmentation by Type •2D Vision Systems •3D Vision Systems oSingle- and multi-Camera triangulation oStructured light oTime-of-Flight (TOF) oStereo vision oLaser-based Market Segmentation by Component •HARDWARE oCameras oLighting o Optics oProcessors and controllers oFrame grabbers •Software Market Segmentation by Deployment 3 © Prescient & Strategic Intelligence Private Limited. All rights reserved

4. 4 •Robotic Guidance Systems •Robotic Cells Market Segmentation by Application •Welding and Soldering •Material Handling •Packaging and Palletizing •Painting •Assembling and Disassembling • Cutting, Pressing, Grinding, and Deburring •Measurement, Inspection, and Testing •Others Market Segmentation by End User •Automotive •Electronics •Aerospace •Food & Beverage •Medical & Healthcare •Others Market Segmentation by Region •North America Robotic Vision Market oBy type oBy component oBy deployment oBy application oBy end user oBy country – U.S. and Canada •Europe Robotic Vision Market oBy type oBy component oBy deployment oBy application oBy end user 4 © Prescient & Strategic Intelligence Private Limited. All rights reserved

5. 5 oBy country – Germany, U.K., France, Italy, Spain, and Rest of Europe •Asia-Pacific (APAC) Robotic Vision Market oBy type oBy component oBy deployment oBy application oBy end user oBy country – Japan, China, India, South Korea, Australia, and Rest of APAC •Latin America (LATAM) Robotic Vision Market oBy type oBy component oBy deployment oBy application oBy end user oBy country – Brazil, Mexico and Rest of LATAM •Middle East and Africa (MEA) Robotic Vision Market oBy type oBy component oBy deployment oBy application oBy end user oBy country – Saudi Arabia, South Africa, U.A.E., and Rest of MEA 5 © Prescient & Strategic Intelligence Private Limited. All rights reserved

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