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Embedded Vision Industries

Embedded Vision in the Robotics Industry

Robotics IndustryEmbedded Vision Will Unlock the Full Potential of Robotic Automation

Embedded vision systems leveraged in robotic automation offer virtually unlimited possibilities for enhanced performance, driving increased functionality of industrial and collaborative robots. Providing measurable return on investment (ROI) for manufacturers, embedded vision technologies in robotics make it easier to justify the costs of system integration, delivering significant gains particularly for pick and place, quality control, inspection, and assembly applications.

Industrial Robotics Market Worth $71.72 Billion by 2023

Following a record breaking year of sales in 2017,1 both the industrial and collaborative robot markets are positioned to see explosive growth over the next several years. The collaborative robots market will be worth $4.28 Billion by 2023, growing at an incredible compound annual growth rate (CAGR) of 56.94%2. The industrial robots market is more mature, but still poised for growth, with a projected worth of $71.72 Billion by 2023, growing at a CAGR of 9.60%3.

Collaborative Robotics Market Will Grow at 56.94% CAGR Through 2023

As the robotics market continues to expand, opportunities for embedded vision technologies in robotics will grow alongside it. Robots are increasingly reliant on vision systems to deliver their intended results. Offering greater productivity and shrinking ROI timetables, embedded vision in robotics is changing expectations, which in turn is increasing demand.

In the future, complex embedded vision systems could enable a robotic arm to pick and place a part it's never before seen by pulling visual data from the cloud. As imaging capabilities advance, so will robotic capabilities. Embedded vision systems will continue to play a fundamental role in the evolution of robotics technology.

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Sources:
1. Association for Advancing Automation (A3), “Robotics, Vision and Motion Control Industries Set New Growth Records in 2017.
2. Markets and Markets, “Collaborative Robots Market Worth $4.28 Billion USD by 2023.
3. Markets and Markets, “Industrial Robotics Market Worth $71.72 Billion USD by 2023.

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