Vision Guided Robotics Software Market Key Facts And Insights On Future Scenario To 2027| ABB, Fanuc, Cognex, Automation Anywhere, Vision Guided Robotics, Robotic Vision Technologies, Bluewrist
Vision Guided Robotics Software market is experiencing a high growth throughout the globe, driven by growth in automotive, electrical & electronics, aerospace, healthcare, transportation & logistics, food & beverages, and others industry verticals. With the advent of semiconductors, the electronics industry has been advantageous from innovation point of view. As the prices of critical components used in electronics industry such as fiber cables, chips, and circuits are rising over the period, the manufacturers of electrical goods and electronics are implementing robotic technologies to optimize their operational efficiency and reduce labor costs.
Global Vision Guided Robotics Software market is expected to grow from US$ 1,148.9 Mn in 2018 to US$ 4,094.1 Mn by 2027 at a CAGR of 15.4% between 2019 and 2027.
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The electrical & electronic devices need huge precision and efficiencies, the robots are used to design these devices which should have high precision and accuracy to designs circuits, chips, and many more. The implementation of robotics improves the productivity without hampering the quality and precision of the final product. The key areas of implementation of robotics in electronics industry includes palletizing, dispensing, material removal, material handling, assembling and packaging among others.
Key Vendors: ABB Ltd., Fanuc Corporation, Cognex Corporation, Automation Anywhere, Vision Guided Robotics, LLC, Robotic Vision Technologies Inc., Bluewrist Inc., Energid Technologies Corporation, iRobot Corporation, Asimov Robotics, Recognition Robotics Inc., READY Robotics Corporation, Pick It N.V., MVTech Software GmbH, and Visio Nerf among others.
APAC region presents a huge opportunity in the field of vision guided robotics software to automate the work. Few companies have already set up the vision and strategy for the implementation of these software in robots in the next coming years; whereas, many enterprises still in the phase of planning to adopt fully automated operations. Several end user industries are turning for vision guided robotics software based on AI and machine learning as well as big data analytics to gain deeper insights about their customers, automate the work, and increase efficiency as well as precision in the work.
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Government as well as private sectors, both plays an important role in the development of vision guided robotics software across region. The advancement in technology is growing at a greater pace. Almost 60% of the world’s population lives in the Asia Pacific region, China is considered as one of the largest country in terms of robot density. The robot density in the automotive industry in China has increased significantly since last decade and has surpassed US and Germany.
Also, many of the countries in the region are the manufacturing hub, which increases the number of companies expanding to the region, which leads to new manufacturing plants and factories, which cause demand for automations leading to high installation of robots. Owing to these reasons, the number of robots installed in these regions are continuously increasing, making it a dominant market.
The global market for vision guided robotics software market is segmented on various parameters such as robot type, technology, application, end user, and geography. Based on robot type, fixed robot type segment dominate the vision guided robotics software market heavily and is expected to continue its dominance throughout the forecast period from 2019 – 2027. On the basis of technology, 3D vision guided technology segment is expected to witness a significant growth rate in the coming years. The vision guided robotics software market operates in an extremely fragmented industry with huge number of smaller players capturing the market.
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