Discover trends, market shifts, and competitive outlooks for the robotic vision industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

What Is the Estimated Market Size of the Robotic Vision Market In 2029?

In recent times, there has been significant growth in the size of the robotic vision market. The market value is set to increase from $2.53 billion in 2024 to $2.76 billion in 2025, with a compound annual growth rate (CAGR) of 9.0%. The robust growth during the historical period can be linked to factors such as enhanced processing efficiency, the proliferation of industrial automation, e-commerce and warehousing growth, manufacturing quality inspection needs, and the reduction in the cost of vision components.

The robotics vision market is anticipated to witness substantial expansion over the next few years, ballooning to $4.09 billion in 2029 with a compound annual growth rate (CAGR) of 10.4%. The forecasted growth is attributed to factors such as the proliferation of autonomous vehicles, integration into smart cities, utilization in hazardous conditions, adaptations for small to medium-sized companies, and its increasingly widespread use in logistics and supply chains. Key trends for the forecast period include the combination with AI and machine learning, progression in 3D vision technology, the advent of collaborative robots or cobots, edge computing for instant processing, the proliferation of Robotics as a Service (RaaS) models, improved object recognition and monitoring, IoT connectivity, and cybersecurity measures for robotic systems.

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What External and Internal Drivers Are Contributing to the Growth of the Robotic Vision Market?

The growth of the robotic vision market is being fuelled by an increasing demand for smart cameras in robot vision systems. Smart cameras, which are standard wireless cameras used for more than video recording, picture taking and transmitting content over a Wi-Fi network to a smartphone or a cloud storage service for archiving, serve as a simple, modular standalone robot vision solution for various commonplace factory tasks. For example, in July 2023, a report by DataProt, a US organisation focusing on cybersecurity and online privacy, stated that smart home camera systems were steadily gaining global acceptance, with up to 98.8 million households worldwide adopting them. This figure is projected to double by 2027, reaching approximately 180.7 million households globally. Consequently, the growing popularity of smart cameras in robotic vision applications is spurring the expansion of the robotic vision market.

What Segment Types Define the Robotic Vision Market Structure?

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

Subsegments:

1) By Hardware: Cameras (2D And 3D), Image Sensors, Lighting Systems, Processing Units, Lenses And Optics

2) By Software: Image Processing Software, Machine Learning Algorithms, Computer Vision Software, Integration Software, Development Platforms

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Which Geographic Areas Hold the Strongest Growth Potential in the Robotic Vision Market?

Asia-Pacific was the largest region in the robotic vision market share in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the robotic vision market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Long-Term Trends Are Transforming the Competitive Landscape of the Robotic Vision Market?

Leading corporations in the robotic vision market are concentrating on developing superior industrial robot vision systems to augment automation in manufacturing processes. An advanced industrial robot vision system refers to a highly developed technology embedded in industrial robots, enabling them to visualize and understand their work environment. The system operates at incredible speeds, has impressive recognition skills, and is easy to use, thanks to its cutting-edge high-speed sensing technology. Nikon Corporation, headquartered in Japan, launched NSP-150-1, NSP-250-1, and NSP-500-1 advanced industrial robot vision systems in May 2024. It uses image processing technology to achieve rapid measurements of up to 250 frames per second in 2D and 3D formats. Furthermore, the system offers offline functionality via cloud connectivity, facilitating centralized control of multiple robot vision systems.

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What Is the Definition of the Robotic Vision Market?

Robotic vision enables a robot to see, which includes a number of calibrated algorithms, calibration, and even temperature detection sensors, all of which have different levels of complexity and use.

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