The global bin picking systems market is anticipated to be valued at $1.7 billion in 2023 and it is anticipated to grow at a compound annual growth rate of 12.5 percent to reach $5.6 billion by the end of 2033, according to a report by Fact.MR.
A bin picking system is a technology in which a robot is incorporated with a 3D, camera, optical sensor (3D or 2D) and an end effector (magnet gripper, and others) to remove parts from a container full of disorganized, irregularly shaped pieces.
Robotic arm receives command based on the analysis done by the computer vision system and the vision system examine the target area and recognize the position of the pieces. [Read more…] about Bin-picking systems market forecast to grow to $5.6 billion by 2033