Press release
Global Vision Guided Robotics Software Market SWOT Analysis to 2027 Lead By ABB, Fanuc, Cognex, Automation Anywhere, Vision Guided Robotics, Robotic Vision Technologies, Bluewrist, Energid Technologies, iRobot, Asimov Robotics, Recognition Robotics, READY
Global Vision Guided Robotics Software Market
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.
Some of the key players operating in the vision guided robotics software market includes 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.
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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. 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.
The report focuses on an in-depth segmentation of Vision Guided Robotics Software market based on robot type, technology, application, verticals, and geography. The geographic segmentation of the report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By technology segment, 2D vision guided technology is accounted for largest share in the vision guided robotics software market in 2018, However, 3D vision guided technology are projected to grow at the highest CAGR during the forecast period.
The APAC is one of the prominent region in vision guided robotics software market which is contributing highest revenue globally due to presence of large number of players and industry verticals. APAC is among one of the fastest growing economic regions with China and India as the world’s first and third fastest growing economies. Also, China, South Korea, and Japan is the most technologically advanced country in the region which are adopting robotics solutions at a rapid pace across various industries such as automotive, general manufacturing, and semiconductor among others. These countries are investing significantly in the research and development of robots which is supporting the growing demand for vision-guided robotics solutions in APAC.
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