Robotic vision market expected to grow to $5.73 billion by 2032
From GlobeNewswire: 2025-01-23 08:00:00
The robotic vision market was valued at USD 2.62 Billion in 2023 and is projected to reach USD 5.73 Billion by 2032, with a CAGR of 9.13% from 2024-2032. The market growth is driven by the increasing demand for automation in industrial manufacturing, with over 3.4 million industrial robots in use globally as of 2024.
Robotic vision combines robotics, AI, and computer vision to enable machines to interact with their surroundings. Industries like automotive manufacturing use robotic vision systems for tasks like inspecting welds, detecting paint flaws, and assisting with component assembly. Retail and logistics sectors are also adopting robotic vision for warehouse operations and automated checkout systems.
In 2023, the 3D segment led the robotic vision market with a 57% share, offering advanced capabilities for tasks like precise manipulation and quality control. The 2D segment is expected to experience rapid growth from 2024 to 2032, supporting automation in industries like food and automotive. The hardware segment led in 2023, enabling robots to capture images and make decisions, while the software segment is expected to grow fastest from 2024-2032.
Asia-Pacific held the largest market share of 38% in the robotic vision market in 2023, with sustained growth expected from 2024 to 2032. The region’s strong adoption of robotics across industries like automotive and electronics, along with government incentives, is driving market expansion. Key players like Fanuc Corporation and KUKA Robotics are integrating robotic vision technologies for tasks like assembly and quality control.
Recent developments include Cognex Corporation launching an AI-powered counting tool for its vision sensor and STMicroelectronics unveiling the STM32N6 microcontroller series with accelerated machine learning capabilities. The market report covers key segments, competitive landscape, regional analysis, and growth drivers in the robotic vision market. The Robotic Vision market is segmented by type, components, and industry, with a regional analysis and company profiles included. For more research insights and growth outlook, visit the link provided. SNS Insider is a leading market research agency providing clients with current, accurate market data to make informed decisions confidently. Contact [email protected] for more information.
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