At 14.9% CAGR, North America Vision Guided Robotics Software Market is Projected to be Worth US$ 1,070.06 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the North America vision guided robotics software market was valued at US$ 351.61 million in 2022 and is expected to reach US$ 1,070.06 million by 2030, registering a CAGR of 14.9% from 2022 to 2030. Focus on developing intuitive programming and advancements in artificial intelligence in logistics are among the critical factors attributed to drive the North America vision guided robotics software market growth.

Previously, vision guided robotics software developers used to develop their codes on a single platform. However, a behavioral shift by the developer toward a different platform for deploying this software owing to growing technological advancements and consumer requirements is anticipated. For instance, the robot operating system (ROS) is an open-source robot software framework that provides numerous debugging and development tools. ROS includes hardware abstraction, mapping, sensing, subordinate device control, detection, message transmission, package management, motion planning, and development environments. Approximately 20 organizations worldwide are collaborating on creating a robotic system using ROS. In addition to ROS, developers are deploying software linked to robotic systems on various platforms. iCub, open robot control software (OROCOS), open platform for robotic services (OPRoS), Microsoft Robotics Studio (MRSRS), and others are examples of robotic system frameworks. Developments in robotic vision technology and low-cost power processing capabilities are expected to be key trends in the market. Thus, the focus on developing intuitive programming interfaces can be very beneficial for the vision guided robotics software in the coming years.

On the contrary, lack of skilled operators in emerging economies hampers the growth of North America vision guided robotics software market.

Based on type, the North America vision guided robotics software market is bifurcated into mobile robot and fixed robot. The fixed robot segment held 70.2% market share in 2022, amassing US$ 246.90 million. It is projected to garner US$ 733.52 million by 2030 to register 14.6% CAGR during 2022-2030.

In terms of technology, the North America vision guided robotics software market is bifurcated into 2D vision guided and 3D vision guided. The 2D vision guided segment held 63.9% share of North America vision guided robotics software market in 2022, amassing US$ 224.55 million. It is anticipated to garner US$ 661.15 million by 2030 to expand at 14.5% CAGR during 2022-2030.

Based on application, the North America 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 22.8% share of North America vision guided robotics software market in 2022, amassing US$ 80.19 million. It is predicted to garner US$ 266.32 million by 2030 to expand at 16.2% CAGR between 2022 and 2030.

In terms of vertical, the North America vision guided robotics software market is categorized into automotive, electrical & electronics, aerospace, healthcare, transportation & logistics, food & beverages, and others. The electrical & electronics segment held 24.3% share of North America vision guided robotics software market in 2022, amassing US$ 85.42 million. It is projected to garner US$ 243.77 million by 2030 to expand at 14.0% CAGR from 2022 to 2030.

Based on country, the North America vision guided robotics software market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 77.5% share of North America vision guided robotics software market in 2022. It was assessed at US$ 272.36 million in 2022 and is likely to hit US$ 841.37 million by 2030, registering a CAGR of 15.1% during 2022-2030.

Key players operating in the North America vision guided robotics software market are MVTec Software GmbH; Pick-it NV; Ready Robotics Corp; Fanuc Corp; Robotic Vision Technologies (RVT), LLC; 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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