PUBLISHER: The Insight Partners | PRODUCT CODE: 1562219
PUBLISHER: The Insight Partners | PRODUCT CODE: 1562219
The Asia Pacific vision guided robotics software market was valued at US$ 814.54 million in 2022 and is expected to reach US$ 2,940.59 million by 2030; it is estimated to register a CAGR of 17.4% from 2022 to 2030.
Advancements in Artificial Intelligence in Logistics Boost Asia Pacific Vision Guided Robotics Software Market
Vision guided robotics (VGR) is a rapidly emerging field in robotics and machine vision. While industrial robots are employed in a wide range of industries, the ability to steer a robot based on information from a machine vision system is allowing industrial robots to be utilized in a wider range of applications. The advancement of AI- integrated vision guided robotics software is highly used in logistics. Vision guided robotics has promising applications in the logistics industry. Simple singulation is a manual task in which mass-mixed objects are separated into single items before being introduced into a fully automated system that handles the sorting and routing. The bulk objects could be different-size packages, consumer items, or boxes, and the speeds required to justify a system's return on investment range from 500 to 1,500 singulated items per hour, depending on the application. Modern industrial robots are capable of achieving these speeds, but not traditional machine vision approaches. Given the needed production speeds, the robot must acquire a single item correctly each cycle. This will be determined by the vision system's ability to split the scene and present the optimal location for the robot to choose from. Depending on the application and products, traditional machine vision algorithms can achieve segmentation success rates ranging from 80% to 95%. The vision system cannot recognize the items. Still, it can detect the borders between them and select a spot from where a suction cup or parallel gripper would effectively retrieve an item.
Asia Pacific Vision Guided Robotics Software Market Overview
The vision guided robotics software market is highly fragmented, with many players in various countries and multiple players with small and regional presences. The companies provide different vision guided robots depending on the applications, such as arc welding, assembly, navigation, cutting, random bin picking, palletizing and machine tending, and COBOTs.
Geographically, the market is dominated by regions such as APAC and Europe, owing to huge demand from various industries. The increase in demand for advanced robotic solutions in Asia Pacific accounted for the significant rise in the automobile, electrical, electronics, and metal industries. As per the International Federation of Robotics (IFR), Japan will deliver 45% of the global supply of robots in March 2022. In 2020, the export ratio grew to 78%, with Japan shipping 136,069 industrial robots.
Asia Pacific Vision Guided Robotics Software Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Vision Guided Robotics Software Market Segmentation
The Asia Pacific vision guided robotics software market is categorized into type, technology, application, vertical, and country.
Based on type, the Asia Pacific vision guided robotics software market is bifurcated into mobile robot and fixed robot. The fixed robot segment held a larger Asia Pacific vision guided robotics software market share in 2022.
In terms of technology, the Asia Pacific vision guided robotics software market is bifurcated into 2D vision guided and 3D vision guided. The 2D vision guided segment held a larger Asia Pacific vision guided robotics software market share in 2022.
Based on application, the Asia Pacific vision guided robotics software market is categorized into arc welding, assembly, cutting, palletizing & machine tending, navigation, random bin picking, collaborative robots, and others. The collaborative robots segment held the largest Asia Pacific vision guided robotics software market share in 2022.
In terms of vertical, the Asia Pacific vision guided robotics software market is categorized into automotive, electrical & electronics, aerospace, healthcare, transportation & logistics, food & beverages, and others. The electrical & electronics segment held the largest Asia Pacific vision guided robotics software market share in 2022.
Based on country, the Asia Pacific vision guided robotics software market is categorized into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific vision guided robotics software market share in 2022.
MVTec Software GmbH, Pick-it NV, Fanuc Corp, Teradyne Inc, Siemens AG, OMRON Corp, ABB Ltd, and Cognex Corp are some of the leading companies operating in the Asia Pacific vision guided robotics software market.