The global Robotic Vision market is expected to grow from USD 2.6 billion in 2023 to USD 4.0 billion by 2028, registering a CAGR of 9.1%. The growth of the robotic vision market is fueled by advancements in technology, industrial automation, safety and quality requirements, logistics expansion, consumer demand, and increased affordability.
Cognex Corporation (US), Basler AG (Germany), OMRON Corporation (Japan), National Instruments Corporation (US), and Keyence Corporation (Japan) are the top players in the Robotic Vision market. These companies have a worldwide presence and offer a wide range of Robotic Vision and related solutions and services. They rely on their R&D capabilities and diversified product and service portfolios to increase their market share.
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Top 3 Players in the Robotic Vision Market:
Cognex Corporation is a US-based manufacturer of robotic vision systems, software, sensors, and industrial barcode readers used in automated manufacturing to inspect and identify parts, detect defects, verify product assembly, and guide assembly robots. Cognex operates through one segment, namely, Machine Vision Technology. The segment has two subsegments: Standard Products and Services and Application-specific Customer Solutions. The company provides various products, from low-cost vision sensors that conduct simple presence/absence inspections to deep learning solutions that solve complex applications with unpredictable defects and deviations. The company provides vision system products that capture and analyze visual information to automate manufacturing and distribution tasks requiring vision. The company offers a variety of vision system products such as 2D vision, 3D vision, vision software, etc. Cognex serves multiple industries, including logistics, automotive, consumer electronics, food & beverages, life sciences, logistics, pharmaceuticals/medical, semiconductors, solar, tobacco, etc.
Keyence Corporation develops and manufactures automation sensors, vision systems, barcode readers, laser markers, measuring instruments, and digital microscopes. The company offers vision system products for various industries, including automotive, metals and machinery, electronics, plastics, food, and pharmaceuticals. The company provides vision system line-ups, from vision sensors with integrated lighting to modular vision systems supporting area cameras, line scan and 3D cameras, and laser profilers. These hardware and advanced software algorithms combine to make Keyence robotic vision the most stable solution for appearance and defect inspection, counting, positioning, measurement, and code reading applications. The company’s product lines include sensors, measurement, systems, safety, process controls, process sensors, static eliminators, ionizers, vision/barcode scanners, controls, laser marking systems/continuous inkjet printers, and microscopes/3D surface profilers. Robotic vision products are offered under the vision/barcode scanner product lineup. 2D and 3D vision systems are offered, where both line and area scan systems are available. The company has developed 2D- and 3D-vision-guided robotic vision systems, especially for industrial robots. Apart from traditional cameras, the company also offers smart cameras with AI functionality. Lighting and lenses are the main accessories available for these vision systems.
Basler AG is one of the leading suppliers and manufacturers of image-processing components for vision system technologies. The company offers area and line scan cameras, lenses, frame grabbers, light modules, software, embedded vision modules, and solutions. The products of Basler AG are used in industries and applications such as defect identification, material handling, inspection, sorting, and bin picking in the automotive, medical, pharmaceuticals, logistics, retail, and robotics industries. The products offered by the company are highly innovative, reliable, and easy to integrate and provide an outstanding price-performance ratio. The company’s robotic vision portfolio features digital cameras for applications in factory automation, retail, traffic & transportation, and medical. The company offers lenses in two product categories: Basler standard lenses and Basler premium lenses. Basler standard lenses are suitable for standard vision applications used for lower requirements with lower resolutions, whereas Basler premium lenses are used to analyze small structures with high resolutions. Similarly, the company offers Basler Camera Lighting Series, Basler SLP Controller, frame grabbers, and frame grabber software for robotic vision systems.
Robotic Vision Market by Type (2D Vision, 3D Vision Systems), Hardware (Cameras, Lighting, Optics, Processors & Controllers, Frame Grabbers), Software(Traditional software, Deep Learning Software), Application, Industry, Region - Global Forecast to 2028
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