At 16.0% CAGR, Europe Vision Guided Robotics Software Market is Projected to be Worth US$ 1,347.41 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Europe vision guided robotics software market was valued at US$ 410.64 million in 2022 and is expected to reach US$ 1,347.41 million by 2030, registering a CAGR of 16.0% from 2022 to 2030. Mounting capabilities of 3D machine vision and advancements in artificial intelligence in logistics are among the critical factors attributed to drive the Europe vision guided robotics software market growth.

With technological advancements, industries develop and adopt automation to ease their work. In the last two decades, various companies have been inclined to integrate 2D vision technology in robotics systems across several industries. Industries are focusing on adopting advanced imaging technologies to meet the increasing customer requirements. The robotic system has recently been incorporated with 3D vision technology, providing more features than 2D vision technology. The introduction of machine vision software into 3D vision guided robots is expected to enhance the automated system for tasks such as random bin picking, packaging heavy materials, and assembling different machinery parts. The new capabilities of 3D vision guided robots help users detect an object's overall orientation for making an intelligent and real-time decision. The 3D vision guided robots allow users to make accurate decisions from the visual data generated by the automation system. The significant advantage of 3D vision technology is that it can be used on any surface and environment, enabling the robot to distinguish randomly placed objects and place them in the desired place. This procedure is known as bin picking or pick and place. Thus. Owing to the above parameters increasing capabilities of 3D machine vision holds great opportunities for the vision guided robotics software market.

On the contrary, lack of skilled operators in emerging economies hurdle the growth of Europe vision guided robotics software market.

Based on type, the Europe vision guided robotics software market is bifurcated into mobile robot and fixed robot. The fixed robot segment held 68.9% market share in 2022, amassing US$ 283.07 million. It is projected to garner US$ 906.53 million by 2030 to register 15.7% CAGR during 2022-2030.

In terms of technology, the Europe vision guided robotics software market is bifurcated into 2D vision guided and 3D vision guided. The 2D vision guided segment held 62.8% share of Europe vision guided robotics software market in 2022, amassing US$ 258.00 million. It is anticipated to garner US$ 817.37 million by 2030 to expand at 15.5% CAGR during 2022-2030.

Based on application, the Europe 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 21.9% share of Europe vision guided robotics software market in 2022, amassing US$ 89.84 million. It is predicted to garner US$ 325.35 million by 2030 to expand at 17.5% CAGR between 2022 and 2030.

In terms of vertical, the Europe vision guided robotics software market is categorized into automotive, electrical & electronics, aerospace, healthcare, transportation & logistics, food & beverages, and others. The electrical & electronics segment held 23.0% share of Europe vision guided robotics software market in 2022, amassing US$ 94.46 million. It is projected to garner US$ 289.87 million by 2030 to expand at 15.0% CAGR from 2022 to 2030.

Based on country, the Europe vision guided robotics software market is categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 27.0% share of Europe vision guided robotics software market in 2022. It was assessed at US$ 110.67 million in 2022 and is likely to hit US$ 418.42 million by 2030, registering a CAGR of 18.1% during 2022-2030.

Key players operating in the Europe 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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