What is Vision Guided Robotic Systems Market?
A Vision-Guided Robot (VGR) System is the robot which is fitted with one or more machine vision sensors. These sensors guide the robot to move to different target position and then perform a predetermined function such as picking objects from a bin and placing them in another location. Also, VGR systems are rapidly transforming production processes by making robots highly adaptable and easy to implement, and dramatically reducing the cost and complexity associated with the design and setup of fixed robotic cells.
The market study is being classified, by Application (Arc Welding, Assembly, Cutting, Palletizing & Machine Tending, Navigation, Random Bin Picking, Collaborative Robots and Others) and major geographies with country level break-up.
Pleora Technologies, Inc. (Canada), DENSO Robotics (Denmark), Allied Vision Technologies GmbH (United States), OMRON Corporation (Japan), Cognex Corporation (United States), ISRA VISION AG (Germany), Basler AG (Germany), BitFlow, Inc. (United States), FANUC America Corporation (United States) and Yaskawa America, Inc. (United States) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Vision Guided Robotic Systems market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Vision Guided Robotic Systems market by Type, Application and Region.
On the basis of geography, the market of Vision Guided Robotic Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Emphasis on Optimising the Operational Efficiency
- Continuous Improvement and Development of Machine Vision Capabilities
Market Trend
- Advancements in Technology is Growing at Greater Pace
Restraints
- High Costs Associated with the Technology Used
Opportunities
- Increasing Demand of Automation is Boosting the Market
- Expansion of Manufacturing Companies in Developing Economies
Challenges
- Complexity Involved in Vision-Guided Robot (VGR) System
Market Leaders and some development strategies
On October 2018, Denso has acquired EASE Simulation Inc. which specializes in automotive diagnostics technology. This acquisition will enhance the services offered within its Original Equipment Service (OES), aftermarket and non-automotive businesses.
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organisations and Others