NEW YORK, Sept. 15, 2023 /PRNewswire/ -- The vision guided robotics market is expected to grow by USD 4.15 billion from 2022 to 2027. However, the growth momentum of the market will progress at a CAGR of 10.04% during the forecast period. The market is segmented by application (logistics, welding, inspection and cleaning, and painting), type (2D-vision and 3D-vision), and geography (APAC, North America, Europe, Middle East and Africa, and South America). The decline in electronic component prices is a key factor driving market growth. The abundant availability of electronic robotic components is significantly driving the development of new products in the visual control robot market. In addition, a number of new research, as well as technological advancements in the industry, have caused the prices of electronic components such as sensors and cameras to drop. Furthermore, some PC software uses these visual operators for these robots. Hence, these factors are expected to drive market growth during the forecast period. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View FREE PDF Sample
The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing a report
Get a glance at the market contribution of the segments, Request a FREE Sample
The robotics as a service (RaaS) market size is estimated to grow at a CAGR of 18.29% between 2022 and 2027. The market size is forecast to increase by USD 1,497.76 million. This report extensively covers market segmentation by type (professional and personal), application (intralogistics, medical applications, surveillance and security, field robotics, and others), and geography (APAC, North America, Europe, South America, and the Middle East and Africa). Increased remote services and the adoption of IoT is the key factor driving the growth of the market.
The Machine Vision (MV) market size is estimated to grow at a CAGR of 9.78% between 2022 and 2027. The market size is forecast to increase by USD 7,234.81 million. This report extensively covers market segmentation by end-user (industrial and non-industrial), type (vision system, cameras, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America). Significant cost savings in operation due to process control is the key factor driving the growth of the market.
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Type
Market Segmentation by Geography
Drivers, Challenges, & Trends
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View original content to download multimedia:https://www.prnewswire.com/news-releases/vision-guided-robotics-market-to-grow-by-usd-4-15-billion-from-2022-to-2027--decline-in-electronic-component-prices-to-drive-the-growth---technavio-301928461.html