As an OpenCV enthusiast, the most important thing about the ORB is that it came from "OpenCV Labs". This algorithm was brought up by Ethan Rublee, Vincent Rabaud, Kurt Konolige and Gary R. Bradski in their paper ORB: An efficient alternative to SIFT or SURF in 2011. As the title says, it is a good alternative to SIFT and SURF in computation cost, matching performance and mainly the patents. Yes, SIFT and SURF are patented and you are supposed to pay them for its use. But ORB is not !!!
ORB is basically a fusion of FAST keypoint detector and BRIEF descriptor with many modifications to enhance the performance. First it use FAST to find keypoints, then apply Harris corner measure to find top N points among them. It also use pyramid to produce multiscale-features. But one problem is that, FAST doesn't compute the orientation. So what about rotation invariance? Authors came up with following modification.
It computes the intensity weighted centroid of the patch with located corner at center. The direction of the vector from this corner point to centroid gives the orientation. To improve the rotation invariance, moments are computed with x and y which should be in a circular region of radius r, where r is the size of the patch.
