The Robotic Vision Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Robotic Vision Market:
https://www.thebusinessresearchcompany.com/report/robotic-vision-global-market-report
According to The Business Research Company’s Robotic Vision Global Market Report 2024, The robotic vision market size has grown rapidly in recent years. It will grow from $2.34 billion in 2023 to $2.58 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to increased processing power, expansion of industrial automation, growth in e-commerce and warehousing, demand for quality inspection in manufacturing, cost reduction in vision components..
The robotic vision market size is expected to see strong growth in the next few years. It will grow to $3.7 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to expansion of autonomous vehicles, deployment in smart cities, application in hazardous environments, customization for small and medium-sized enterprises, increased adoption in logistics and supply chain.. Major trends in the forecast period include integration with ai and machine learning, advancements in 3d vision technology, collaborative robots (cobots), edge computing for real-time processing, robotics as a service (raas) models, enhanced object recognition and tracking, iot integration for connectivity, cybersecurity for robotic systems..
The surging demand for smart cameras in robotic vision propels the growth of the robotic vision market. Smart cameras refer to the standard wireless cameras that are employed for more than recording video, taking pictures, and sending the content over a Wi-Fi network to a smartphone or cloud storage for archival purposes. For many common factory applications, smart camera devices provide a modular standalone robotic vision solution that is straightforward to use and integrate. For an instance, in July 2023, according a report published by DataProt , a US-based platform that is dedicated to cybersecurity and online protection, smart home camera systems have been growing in popularity across the globe, with almost 98.8 million households worldwide using them. This number is expected to double by 2027 to about 180.7 million households. Thus, the surging demand for smart cameras in robotic vision is driving the growth of the robotic vision market.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=8566&type=smp
The robotic vision market covered in this report is segmented –
1) By Component: Hardware, Software
2) By Technology: 2D Vision, 3D Vision
3) By Industry: Electrical and Electronics, Metals and Machinery, Precision Engineering and Optics, Automotive, Pharmaceuticals and Cosmetics, Food and Beverages, Chemical, Rubber, and Plastic, Other Industries
Technological development is a key trend gaining popularity in the robotic vision market. Major players in the robotic vision sector are focused on technological developments to sustain their market position. For instance, in January 2021, DreamVu Inc., a US-based, computer hardware manufacturing company engaged in the development of 360-degree and 3D cameras, robotics, and autonomous navigation, launched PAL and PAL Mini Omnidirectional 3D Vision Systems. PAL and PAL Mini have advanced imaging algorithms and provide visual intelligence and 3D point clouds with high-resolution vision, accurate depth, and color. Its cameras are appropriate for navigation systems, in applications where low power consumption and high dependability are crucial, such as residential vacuum-cleaning robots, commercial cleaning robots, and disinfection robots.
The robotic vision market report table of contents includes:
1. Executive Summary
- Robotic Vision Market Characteristics
- Robotic Vision Market Trends And Strategies
- Robotic Vision Market – Macro Economic Scenario
- Global Robotic Vision Market Size and Growth
. - Global Robotic Vision Market Competitive Benchmarking
- Global Robotic Vision Market Competitive Dashboard
- Key Mergers And Acquisitions In The Robotic Vision Market
- Robotic Vision Market Future Outlook and Potential Analysis
- Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
