Vision Guided Robotics Software Market Forecast to 2030

Vision Guided Robotics Software Market Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Mobile Robot and Fixed Robot), Technology (2D Vision Guided and 3D Vision Guided), Application (Arc Welding, Assembly, Cutting, Palletizing & Machine Tending, Navigation, Random Bin Picking, Collaborative Robots, and Others), and Vertical (Automotive, Electrical & Electronics, Aerospace, Healthcare, Transportation & Logistics, Food & Beverages, and Others)

Publication Month : Jan 2024

  • Report Code : TIPTE100000800
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • No. of Pages : 211
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[Research Report] The vision guided robotics software market was valued at US$ 1.82 billion in 2022 and is expected to reach US$ 6.03 billion by 2030; it is estimated to record a CAGR of 16.1% from 2022 to 2030.

Analyst Perspective:

The vision guided robotics software market is highly fragmented with the presence of large number of players. With an objective of sustaining in the industry and competing with their peers, the companies are adopting several strategies, including competitive price, miniaturized technology, cloud-based technology, mergers and acquisitions, and additional aftersales service. These strategies offer the companies a substantial competitive edge over others. The vision guided robotics software market is poised to develop in the coming years, considering that various developing countries' governments are allowing foreign direct investments (FDI) to optimize monotonous and hectic operations performed across industries with precision and ease. In addition, the demand for 3D vision technology is increasing rapidly among end users, propelling manufacturers to innovate and develop robust software for robotic systems. The 3D vision systems, coupled with machine vision software such as RoboRealm and Visionscape, enhance the performance of a vision guided robot during the execution of any tasks, is driving the vision guided robotics software market share. The vision guided robots integrated with machine vision software are suitable for applications such as pick and place, bin picking, welding, assembling, racking, dispensing, and product sorting. Owing to the benefits of the 3D vision technology paired with machine vision software, end users are increasingly adopting the latest technology, boosting the vision guided robotics software market growth globally.

Market Overview:

Vision-guided robotics software is used across various verticals to extract, characterize, and interpret information about a particular product and perform desired autonomous tasks, whether mechanical or electrical. The companies in the vision guided robotic market are consistently focusing on developing advanced technologies that would enhance the automation scenario to a greater extent and help the manufacturing industries intensify their process. Advancements in sensor technologies and processing power allow robots to take on more tasks, such as flying, driving, and mobile activities, which demand obstacle avoidance and identification capabilities through vision systems. The foremost areas for robot manufacturers to develop a robust vision guided robot involve advancement in imaging hardware, fast-increasing computing power, improvement in high-level software libraries, and reduction in the cost of computer memory. Also, the growth of machine vision will bolster the automation technology in the industrial sector.

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Vision Guided Robotics Software Market: Strategic Insights

vision-guided-robotics-software-market
Market Size Value inUS$ 1.82 billion in 2022
Market Size Value byUS$ 6.03 billion by 2030
Growth rateCAGR of 16.1% from 2022 to 2030
Forecast Period2022-2030
Base Year2022
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Market Driver:

High Potential for Mass Customization Drives the Vision Guided Robotics Software Market Growth

Major manufacturing companies across the globe are adopting intelligent technologies with the intent of reducing day-to-day challenges. Consumer demands for customized robots are increasing for various monotonous work across organizations, and they can be upgraded easily with time and changing requirements. The constant enhancement of the product has empowered thousands of companies to invest in lower costs than a traditional mass producer is fueling the vision guided robotics software market. The vision guided robotics software can be updated per the consumers' requirements over time. This software update incurred less costs for users than the system installation or replacement of a new system in the industry.

Industries such as automobile, aerospace, healthcare, logistics, transportation, and manufacturing heavily integrate their workstations with robotic technologies. In recent years, various robotic companies have developed vision guided robots, changing the global automation scenario as these robots have multiple benefits over conventional robots. These robots are capable of multi-tasking and carrying cameras that reduce the integration of sensor technology. he robots are highly accurate and efficient. Thus, the high potential for mass customization is propelling the vision guided robotics software market share.

Report Segmentation and Scope:

The vision guided robotics software market is segmented based on type, technology, application, and vertical. Based on type, the vision guided robotics software market is segmented into mobile robot and fixed robot. In terms of technology, the vision guided robotics software market is categorized into 2D vision guided and 3D vision guided. Based on application, the vision guided robotics software market is segregated into arc welding, assembly, cutting, palletizing & machine tending, navigation, random bin picking, collaborative robots, and others. In terms of vertical, the market is segmented into automotive, electrical & electronics, aerospace, healthcare, transportation & logistics, food & beverages, and others. By region, the vision guided robotics software market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).

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Segmental Analysis:

Based on type, the vision guided robotics software market is segmented into mobile robot and fixed robot. The fixed robots segment held a larger vision guided robotics software market share in 2022 and is anticipated to grow during the forecast period. Fixed robots are widely used in multiple industries due to the benefit of a wide range of interchangeable tools. These robots require enough programming to perform a task, and currently, different software, cameras, and sensors are being installed into these autonomous systems to enhance their capability, is increases segment share and driving the vision guided robotics software market. Generally, fixed robots are installed in industries for welding, placing, fixing, and shaping, among others. With the help of advanced imaging systems, sensors, and software, the operational efficiency of fixed robots is increased, enabling these systems to understand their task by themselves, is boosting the vision guided robotics software market size.

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Regional Analysis:

Asia Pacific held the largest vision guided robotics software market share in 2022. The presence of large automotive, semiconductor, and electronics manufacturing industries has triggered the adoption of automated robots to achieve more precision in operations is boosting the vision guided robotics software market size. China and Japan have robust electronics industries that use vision guided robots for component fabrication, picking and placing parts, assembling miniature components on PCBs, applying adhesives, inspections, testing, and packing. Asia Pacific is heavily pushing development and innovation in the vision guided robotics software market. The region includes several developing economies, such as China, India, and Southeast Asia. APAC presents a huge opportunity in the field of vision guided robotics software to automate the work, which is propelling the vision guided robotics software market. A few companies have set up a vision and strategy for implementing this software in robots in the coming years. In contrast, many enterprises are still planning to adopt fully automated operations, which is expected to boost the vision guided robotics software market.

Moreover, the China vision guided robotics software market in growing. China is one of the largest countries in terms of robot density. The adoption of robots in the automotive industry in China has risen significantly and has surpassed the US and Germany. For instance, according to the International Federation of Robotics, the number of operational robots in the manufacturing sector in China reached 322 units per 10,000 employees in 2021, surpassing the robot density in the U.S. (274 units per 10,000 employees) for the first time. Also, many countries in the region are manufacturing hubs, which increases the number of companies expanding to the region. This leads to new manufacturing plants and factories, creating a demand for automation and the high installation of robots, is fueling vision guided robotics software market. In addition, the increasing demand for automation in the manufacturing of electronic devices is projected to drive the installation of robots. This will drive vision guided robotics software market.

Key Player Analysis:

ABB Ltd, Fanuc Corp, Cognex Corp, OMRON Corp, MVTec Software GmbH, Pick-it N.V., Ready Robotics Corporation, Siemens AG, Teradyne Inc, and Robotic Vision Technologies (RVT), LLC are among the key vision guided robotics software market players profiled in the report.

Recent Developments: 

The vision guided robotics software market players highly adopt inorganic and organic strategies. A few recent key market developments are listed below: 

  • In December 2023, Mecalux (a global provider of automated warehouse solutions, warehouse management systems, and stacker cranes) and Siemens combined their expertise and experience in industrial automation technologies. The partnership will optimize picking tasks in warehouses and logistics centers with a new artificial intelligence solution. The solution is based on Siemens Xcelerator, the open digital business platform with a Software and IoT-enabled hardware portfolio, an ecosystem of partners, and a marketplace.
  • In November 2023, ABB Robotics extended the scope of its free Wizard Easy Programming software to include its six-axis industrial robots powered by an OmniCore controller and its collaborative robots. This makes ABB the first robot manufacturer to offer an easy-to-use, no-code programming tool for cobots and six-axis industrial robots, lowering barriers to automation for new users and offering ecosystem partners and integrators an efficient tool to support their customers.
  • In August 2023, OSARO (a global leader in machine-learning-enabled robotics for e-commerce) welcomed Cognex Corporation (the leader in industrial machine vision) into the OSARO Partners Alliance—an ecosystem of expertise to deliver optimal automation solutions to customers. By integrating Cognex DataMan fixed-mount, image-based barcode readers into the OSARO Robotic Bagging System, OSARO solved a difficult technical challenge for Zenni Optical.
  • In February 2023, ABB released its SWIFTI CRB 1300 industrial collaborative robot, featuring an expanded load-handling capacity of up to 11 kg and features such as palletizing and pick-and-place in a solution. This product is expected to bridge the gap between industrial and collaborative robots.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, Technology, Application, and Vertical

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


What is the incremental growth of the vision guided robotics software market during the forecast period?

The incremental growth expected to be recorded for the vision guided robotics software market during the forecast period is US$ 4.20 billion.

What will be the market size of the vision guided robotics software market by 2030?

The vision guided robotics software market is expected to reach US$ 6.03 billion by 2030.

Which are the key players holding the major market share of the global vision guided robotics software market?

The key players holding majority shares in the global vision guided robotics software market are ABB Ltd, Fanuc Corp, Cognex Corp, OMRON Corp, MVTec Software GmbH, Pick-it N.V., Ready Robotics Corporation, Siemens AG, Teradyne Inc, Robotic Vision Technologies (RVT), LLC.

What are the future trends of the global vision guided robotics software market?

Focus on Developing Intuitive Programming is anticipated to play a significant role in the vision guided robotics software market in the coming years.

What are the driving factors impacting the global vision guided robotics software market?

Integration of Vision-Guided Robots Across Industries and Increasing Need for Automation are the major factors that propel the global vision guided robotics software market.

What is the estimated market size for the global vision guided robotics software market in 2022?

The global vision guided robotics software market was estimated to be US$ 1.82 billion in 2022 and is expected to grow at a CAGR of 16.1% during the forecast period 2022 - 2030.

The List of Companies - Vision Guided Robotics Software Market

  1. ABB Ltd
  2. Fanuc Corp
  3. Cognex Corp
  4. OMRON Corp
  5. MVTec Software GmbH
  6. Pick-it N.V.
  7. Ready Robotics Corporation
  8. Siemens AG
  9. Teradyne Inc
  10. Robotic Vision Technologies (RVT), LLC

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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