U.S (New York) – New research study titled “Vision Guided Robotics Market ” for the year 2023, encompassing various aspects such as industry size, market share, growth analysis, segmentation, leading manufacturers and innovations, key trends, market drivers, restraints, regulatory framework, distribution methods, opportunities, strategies, potential roadmap, and annual forecasts until 2031. The primary objective of this market research study is to thoroughly examine the industry, enabling businesses to gain comprehensive insights into the sector and its economic potential. By leveraging accurate statistical research data provided by Report Ocean 2023 to 2031, your business can experience accelerated growth. This report also delves into PESTLE & SWOT analysis, Porter’s Five Forces Analysis, and provides crucial information including expenditure, costs, revenue, and end-users. With over 150+ pages, the document offers a comprehensive table of contents, 180+ figures, tables, charts, and insightful analysis.
The global vision guided robotics market was valued at $3,834 million in 2015, and is projected to reach $7,718 million by 2022, growing at a CAGR of 10.7% from 2016 to 2022.Factors such as increase in need for automation and safety, high labor cost, and dearth of skilled labor drive the market growth. However, lack of awareness among manufacturers is the factor affecting the market growth. Vision guided robots performs image-based analysis for industrial processes. These robots are equipped with built-in cameras and sensors to provide a feedback indication to the robot controller and move towards the target location.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Deployment of vision guided robotics technology enables increased production efficiency, enhanced quality, while reducing manual errors and resource wastage. These robots are utilized across various industrial verticals such as automobile, electrical & electronics, aerospace & defense, food & beverage, healthcare & pharmaceutical, and metal processing.
The global vision guided robotics market has been analyzed and segmented based on types of components, industry vertical, and geography. The various components that make up a vision guided robotic system include hardware, software and services. The different hardware components include camera, sensors, controllers, actuators, and others. Vision guided robotics finds applications across a wide range of industries including automobile, electrical & electronics, healthcare & pharmaceutical, aerospace & defense, food & beverage, and others. The microscopic analysis of the vision guided robotics market is conducted by examining various regions such as North America, Europe, Asia-Pacific, and LAMEA.
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KEY BENEFITS
This report provides an overview of the trends, structure, drivers, challenges, and opportunities in the global vision guided robotics market.
Porter’s Five Forces analysis highlights the potential of buyers & suppliers, and provides insights on the competitive structure of the vision guided robotics market to determine the investment pockets of the market.
Current and future trends adopted by the key market players are highlighted to determine overall competitiveness of the market.
The quantitative analysis of the vision guided robotics market from 2014 to 2022 is provided to elaborate the market potential.
Key players profiled in the report
Pleora Technologies Inc.
DENSO Robotics
Allied Vision Technologies GmbH
OMRON Corporation
Cognex Corporation
ISRA VISION AG
Basler AG
BitFlow, Inc.
FANUC America Corporation
Yaskawa America, Inc.
Other Market Players Mentioned in the Report
ABB Group, Agile Planet, Kawasaki Heavy Industries, KUKA AG, Bastian Solutions, and others.
By Component Type
Hardware
Software
Services
By Industry Vertical
Automobile
Electrical & Electronics
Aerospace & Defense
Food & Beverage
Healthcare & Pharmaceutical
Metal Processing
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By Geography
North America
U.S.
Canada
Mexico
Europe
UK
France
Germany
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Arica
Market Dynamics:
Surging air traffic: As the global aviation industry continues to expand, there is a corresponding increase in market demand.
Heightened emphasis on safety and reliability: The aerospace and defense sector places significant importance on ensuring safety and reliability, which drives the need for top-notch market offerings.
Growing commitment to environmental sustainability: The aerospace and defense industry is increasingly dedicated to reducing its carbon footprint, resulting in the adoption of sustainable aviation fuels.
Escalating globalization: The growth of international trade and travel propels the demand for market solutions.
Increasing desire for private air transportation: The rising number of affluent individuals and their preference for exclusive air travel are generating fresh opportunities in the market.
Expanding utilization of digital fuel management systems: The integration of digital fuel management systems facilitates efficient fuel consumption and reduces associated costs.
Advancements in fuel cell technology: Ongoing developments in fuel cell technology unlock new possibilities for the production of sustainable market alternatives.
Mounting demand for air cargo transportation: The flourishing e-commerce sector fuels an increasing need for air cargo transportation, thereby driving the demand for market offerings.
Rising defense budgets: Governments worldwide are augmenting their defense spending, leading to heightened market demand.
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