Global Industrial Robot Vision Systems Market 2017-2021
About Industrial Robot Vision Systems
Vision systems, cameras, and other products such as frame grabbers, lighting, optical systems, wires, and image processing software are considered within the scope of the report. Major players market and sell industrial vision systems. Technavio has conducted a preliminary study that showed that the demand for such products has been proliferating, owing to the increase in demand of industrial robots with vision guidance for applications such as object detection, recognition, and grasping by industrial players.
Technavio’s analysts forecast the global industrial robot vision systems market to grow at a CAGR of 8.90% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial robot vision systems market for 2017-2021. To calculate the market size, the report considers the revenue generated from new sales of industrial robot vision systems, along with software and services such as upgrades, maintenance, and repair associated with these systems.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial Robot Vision Systems Market 2017-2021
Technavio recognizes the following companies as the key players in the global industrial robot vision systems market: Basler, Cognex, ISRA VISION, KEYENCE, and Omron Adept Technologies.
Other Prominent Vendors in the market are: FANUC, FARO Technologies, Matrox, MVTec Software, National Instruments, Pick-it, Robotic VISION Technologies, SICK, Teledyne Technologies, Tordivel, Visio Nerf, and Yaskawa Motoman.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Improvements in software capabilities. During the forecast period, vendors will develop tools that simplify programming and integration of vision systems into robots, while ensuring that engineers can model and optimize the use. One of the current major restraints for the advanced vision systems which can function in unstructured environments, is the current cost involved in the processing power required. In recent years, to combat this, vendors have created new ways of optimizing the system and increasing the efficiency through the use of software in 2nd and 3rd generation products. Below is a list of features of few major software offerings.”
According to the report, one of the major drivers for this market is Benefits of implementing vision-guided robotics. Industries across the world are improving their manufacturing operations with a focus on improving production efficiency, operational excellence, and gaining a competitive advantage. Companies are increasingly adopting industrial robots to reduce costs, deliver improvements in safety by reducing human physical interaction, and improve production throughput. This has led to a surge in the market for industrial robot vision systems.
Further, the report states that one of the major factors hindering the growth of this market is High cost of deployment. As industrial robot vision systems involve the use of sensors, software, and advanced technologies, their prices are considerably high and require a large initial one-time payment. This will be a major impediment for potential end-users in developing countries in APAC. The costs also appreciate depending on the customization and other operational requirements based on the intended use of the robot. In order to deploy industrial robot vision systems, end-users customize their robots and vision systems as per the applications. Apart from the servicing cost incurred in customizing these systems, the base price of smart cameras is also high, as they are equipped with advanced technologies to attain clarity and precision in images, auto-adjust lights, and sensors to focus on the image accurately.
Basler, Cognex, ISRA VISION, KEYENCE, Omron Adept Technologies, FANUC, FARO Technologies, Matrox, MVTec Software, National Instruments, Pick-it, Robotic VISION Technologies, SICK, Teledyne Technologies, Tordivel, Visio Nerf, and Yaskawa Motoman.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook