Press release
Robotic Vision Market 2018 Global Key Players: FANUC, Yaskawa Electric, OMRON, Cognex, ABB Group, Kawasaki Heavy Industries, Keyence, Basler AG
Market Highlights
The robotic vision is simple process of analyzing, extracting and defining with the help of the camera mounted on it and pre-loaded algorithm. It can be installed for number of applications such as welding & cutting with accuracy, precision, quality in the manufacturing process and inspection & testing, material handling, and packaging.
The vision takes pictures of each a portion of material that the robot will interact with. If the portion matches with the portion of algorithm, then material is accepted and robot will proceed further. The robot vision can also perform different task such as visual feedback for object tracking & administration, navigation, object recognition and segmentation, surveillance, and decision-making.
Robotic Vision is gaining more demand in manufacturing companies in recent time and it will keep growing. Looking at this ultimatum, ‘Market Research Future’ recently released the market insights till 2023. According to this MRFR analysis, the global Robotic Vision Market is expected to reach USD $9 billion and set to grow at CAGR of 12% during the forecast period.
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Drivers:
Robotic vision is among the trending innovations in various industries. Earlier there where blind robots who perform the pickup and place task. The only drawback was every time robots has to reprogram then only task was completed. But with change of time and advancement in industry automation, the 3D vision was introduced the main advantage was they can perform same work without reprogramming.
The new 3D vision robots can avoid any blocks in front of them, and they can take decisions on their own or according to situations. This helps most of industries with better ROI, and time & cost effective. Thus, technology advancement contribute in development of this industry.
The other factors driving the market demand such as inspecting for defects, surface inspection, great flexibility, multi-tasking and others. Even, the consumer and healthcare sectors are approaching this technology and use on daily basis of work.
Key Players
The prominent players in the market of Robotic Vision are- FANUC Corporation (Japan), Yaskawa Electric Corporation (Japan), OMRON Corporation (Japan), KUKA AG (Germany), Cognex Corporation (U.S), ABB Group (Switzerland), Kawasaki Heavy Industries Ltd. (Japan), Keyence Corporation (Japan), SICK AG (Germany), Basler AG (Germany) among others.
Segments:
Global Robotic Vision market has been segmented on the basis of Components, Technology, Applications and Verticals. The Robotic Vision Components has been identified as- Hardware and Software. Hardware segment further consists of Cameras, Optics, Filters, Lenses and Sensors. Software segment further consists of Tracking and Image Processing. Technology segment consists of 2D and 3D. Applications segment consists of Welding, Manufacturing, Inspection & Testing Painting and Packaging & Palletizing among others whereas the Verticals have been identified as Industries, Consumer, Healthcare, Military & Defense, and Government among others.
Regional Analysis
Asia-Pacific is emerging as the fastest growing market and expected to be the biggest market by the end of forecast period due to the rise in demand for industrial robots in manufacturing and automation industries in this region. Currently North America holds second position in the market due to deployment of vision guided robots in food & beverages and manufacturing industries.
The market in Europe is driven by the automotive industries. Presence of global players such as SICK AG (Germany), Basler AG (Germany) and KUKA AG (Germany) is also supporting the market.
Industry - Competitive Outlook
Key players are approaching new techniques in the robotic vision. The same would improve market performance. Heavy investments are made by major players in the R&D sector.
The prominent players in the market of Robotic Vision are- Kawasaki Heavy Industries Ltd., FANUC Corporation , Yaskawa Electric Corporation, OMRON Corporation , KUKA AG , Cognex Corporation , and ABB Group.
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Intended Audience
• Robotics Industries
• Automotive Industries
• Manufacturing Companies
• OEMs
• Technology investors
• Scientists, Researchers
• Government as well as Independent Regulatory Authorities
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Media Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
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