At 17.4% CAGR, Asia Pacific Vision Guided Robotics Software Market is Projected to be Worth US$ 2,940.59 Million by 2030, says Business Market Insights

According to Business Market Insights' research, 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, registering a CAGR of 17.4% from 2022 to 2030. High potential for mass customization and advancements in artificial intelligence in logistics are among the critical factors attributed to drive the Asia Pacific vision guided robotics software market growth.

Major manufacturing companies across the globe are adopting intelligent technologies with the intent of reducing day-to-day challenges. Consumer demands for customized robots are increasing for various monotonous work across organizations, and they can be upgraded easily with time and changing requirements. The constant enhancement of the product has empowered thousands of companies to invest in lower costs than a traditional mass producer. The vision guided robotics software can be updated per the consumers' requirements over time. This software update incurred less costs for users than the system installation or replacement of a new system in the industry.

Industries such as automobile, aerospace, healthcare, logistics, transportation, and manufacturing heavily integrate their workstations with robotic technologies. In recent years, various robotic companies have developed vision guided robots, changing the global automation scenario as these robots have multiple benefits over conventional robots. These robots are capable of multi-tasking and carrying cameras that reduce the integration of sensor technology and the robots are highly accurate and efficient. Thus, the high potential for mass customization is propelling the growth of the high potential for the vision guided robotics software market.

On the contrary, lack of skilled operators in emerging economies hamper the growth of Asia Pacific vision guided robotics software market.

Based on type, the Asia Pacific vision guided robotics software market is bifurcated into mobile robot and fixed robot. The fixed robot segment held 67.8% market share in 2022, amassing US$ 552.08 million. It is projected to garner US$ 1,944.92 million by 2030 to register 17.0% CAGR during 2022-2030.

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 61.8% share of Asia Pacific vision guided robotics software market in 2022, amassing US$ 503.22 million. It is anticipated to garner US$ 1,751.34 million by 2030 to expand at 16.9% CAGR during 2022-2030.

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 21.1% share of Asia Pacific vision guided robotics software market in 2022, amassing US$ 172.18 million. It is predicted to garner US$ 678.68 million by 2030 to expand at 18.7% CAGR between 2022 and 2030.

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 25.0% share of Asia Pacific vision guided robotics software market in 2022, amassing US$ 203.40 million. It is projected to garner US$ 682.36 million by 2030 to expand at 16.3% CAGR from 2022 to 2030.

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. Our regional analysis states that China captured 30.3% share of Asia Pacific vision guided robotics software market in 2022. It was assessed at US$ 246.48 million in 2022 and is likely to hit US$ 1,034.42 million by 2030, registering a CAGR of 19.6% during 2022-2030.

Key players operating in the Asia Pacific vision guided robotics software market are MVTec Software GmbH, Pick-it NV, Fanuc Corp, Teradyne Inc, Siemens AG, OMRON Corp, ABB Ltd, and Cognex Corp, among others.

•    In 2023, OSARO (a global leader in machine-learning-enabled robotics for e-commerce) welcomed Cognex Corporation (the leader in industrial machine vision) into the OSARO Partners Alliance-an ecosystem of expertise to deliver optimal automation solutions to customers. By integrating Cognex DataMan fixed-mount, image-based barcode readers into the OSARO Robotic Bagging System, OSARO solved a difficult technical challenge for Zenni Optical.
  
  
•    In 2023, ABB Robotics extended the scope of its free Wizard Easy Programming software to include its six-axis industrial robots powered by an OmniCore controller and its collaborative robots. This makes ABB the first robot manufacturer to offer an easy-to-use, no-code programming tool for cobots and six-axis industrial robots, lowering barriers to automation for new users and offering ecosystem partners and integrators an efficient tool to support their customers.
  
  

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