Redding, Calif., December 12, 2022 (GLOBE NEWSWIRE) — According to a new market research report titled “Robotic Vision Market by offering, type (2D, 3D, 4D), application (welding and brazing, assemble and disassemble, material handling, identification and feature extraction), end user (industrial, commercial) and geography – Global Forecasts to 2029,’ The Robotic Vision market is projected to reach US$5.2 billion by 2029, at a CAGR of 11.0% from 2022-2029.
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Robotic vision is one of the latest advances in robotics and automation. It uses camera hardware and advanced algorithms that allow robots to process visual data directly from the environment. Robotic Vision empowers manufacturers of all sizes to solve automation challenges in production lines, hazardous environments, logistics, packaging, and inventory and warehousing operations. Robotic vision improves the accuracy of assembly robots, helps automate material handling equipment, and improves quality assurance, inspection, positioning, and guidance.

The growth of this market is attributed to the increasing adoption of 3D vision systems in industrial robotics, increased demand for vision-guided robotic systems, and increasing demand for automated quality inspection technologies. Additionally, increasing government initiatives to support industrial automation and increasing adoption of machine vision systems from end-user industries are expected to provide significant opportunities for the growth of this market.

However, depth errors caused by glossy surfaces and the complexity of integrating robotic vision systems pose challenges for the growth of the market. In addition, the high initial installation costs can inhibit the growth of this market. In addition, the use of AI and machine learning and the increasing adoption of embedded vision are the major trends in this market.

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