Asia Pacific Robotic Vision Market

Asia Pacific Robotic Vision Market Size, Share & Industry Trends Analysis Report By Component (Hardware and Software), By Application, By Industry, By Type, By Deployment, By Country and Growth Forecast, 2022 - 2028

Report Id: KBV-9378 Publication Date: May-2022 Number of Pages: 144
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Market Report Description

The Asia Pacific Robotic Vision Market would witness market growth of 9.7% CAGR during the forecast period (2022-2028).

Machine vision (MV) refers to the technologies and techniques used in manufacturing to provide imaging-based automated checking and explanation for applications such as fully automated inspecting, process control, and robotic guidance, among others, and it encompasses a wide range of technology, beginning with software and hardware and ending with interlinked procedures, behavior patterns, practices, and experience.

In addition to using high-resolution cameras, robotic machine vision systems would use optical calibration whenever possible. In order to calibrate the image distortion and deformation, the first step is to correct them. The visual system may be affected when temperatures change, for example. Sensor fusion is another viable method to improve accuracy. It's normally done with a standard target and repeated as needed.

The robot can now locate objects within its working envelope, eliminating the need for complicated and costly fixtures. This boosts robotic automation's adaptability, allowing it to respond to changes in part size, shape, and position, lowering cell complexity. Robot palletizing and de-palletizing becomes possible with the addition of a vision system, and components can be assembled, dies emptied, and parts taken off racks and out of bins. On a conveyor, users may even track and pick pieces in motion.

China aims to become an international robotics innovation powerhouse by 2025, as it attempts to achieve advances in robotics elements and expand the use of smart machines in other industries. Experts say the move is part of the country's larger effort to deal with an aging population and utilize cutting-edge technologies to boost industrial modernization.

China's robotics sector is predicted to grow at an annual pace from 2021 to 2025, according to a five-year plan issued on December 28 by the Ministry of Industry and Information Technology. For the past eight years, China has been the largest manufacturer of industrial robots. China has 246 manufacturing robot density per 10,000 inhabitants in 2020, roughly double the average. China plans to treble its production robot density by 2025, according to Wang Weiming, a ministry official. Advanced robots are likely to be employed in a wider range of industries, including automotive, aerospace, railway transportation, logistics, and mining.

Modern technologies such as robotics vision and mechanical control are rapidly combining to push production automation to new levels of precision and reliability. Bhabha Atomic Research Centre has created a vision-based robotic system that can measure and assemble components with a precision of up to 100 microns as part of the Department of Atomic Energy's automation program.

The China market dominated the Asia Pacific Robotic Vision Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $402.3 million by 2028. The Japan market is experiencing a CAGR of 9% during (2022 - 2028). Additionally, The India market would exhibit a CAGR of 10.4% during (2022 - 2028).

Based on Component, the market is segmented into Hardware and Software. Based on Application, the market is segmented into Material Handling, Packaging & Palletizing, Assembling & Disassembling, Painting, Cutting, Pressing, Grinding, & Deburring, Welding & Soldering, and Measurement, Inspection, & Testing. Based on Industry, the market is segmented into Electrical & Electronics, Metals & Machinery, Precision Engineering & Optics, Automotive, Pharmaceuticals & Cosmetics, Food & Beverages, Chemical, Rubber, & Plastic, and Others. Based on Type, the market is segmented into 2D Vision Systems and 3D Vision Systems. Based on Deployment, the market is segmented into Robotic Guidance Systems and Robotic Cells. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

Free Valuable Insights: The Worldwide Robotic Vision Market is Projected to reach USD 3.8 Billion by 2028, at a CAGR of 9.3%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cognex Corporation, ISRA Vision AG, Basler AG, Omron Corporation, National Instruments Corporation, Teledyne Technologies, Inc. (Teledyne DALSA), Keyence Corporation, FANUC Corporation, Hexagon AB, and Sick AG.

Scope of the Study

Market Segments Covered in the Report:

By Component

  • Hardware
  • Software

By Application

  • Material Handling
  • Packaging & Palletizing
  • Assembling & Disassembling
  • Painting, Cutting, Pressing, Grinding, & Deburring
  • Welding & Soldering
  • Measurement, Inspection, & Testing

By Industry

  • Electrical & Electronics
  • Metals & Machinery
  • Precision Engineering & Optics
  • Automotive
  • Pharmaceuticals & Cosmetics
  • Food & Beverages
  • Chemical, Rubber, & Plastic
  • Others

By Type

  • 2D Vision Systems
  • 3D Vision Systems

By Deployment

  • Robotic Guidance Systems
  • Robotic Cells

By Country

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

  • Cognex Corporation
  • ISRA Vision AG
  • Basler AG
  • Omron Corporation
  • National Instruments Corporation
  • Teledyne Technologies, Inc. (Teledyne DALSA)
  • Keyence Corporation
  • FANUC Corporation
  • Hexagon AB
  • Sick AG
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