Vision Guided Robotics Market is expected to grow at a CAGR of 13.8% during the forecast period 2019 – 2027, to account to US$ 12.99 Bn by 2027

The global vision guided robotics market accounted to US$ 4.12 Bn in 2018 and is expected to grow at a CAGR of 13.8% during the forecast period 2019 – 2027, to account to US$ 12.99 Bn by 2027.The global manufacturing industry is rapidly expanding as more and newer regions are investing in adopting manufacturing plants in their localities. As per the China Federation of Logistics and Purchasing (CFLP), the global manufacturing purchasing managers’ index (PMI) accounted 55.1 in October 2017, which was down from 55.9 in September 2017 however, still at a comparatively high level. The PMI index remained above 53.5 since the beginning of 2017, signifying a substantial recovery of the manufacturing sector in developed countries, increasing industrial advancement in emerging market economies and intensifying commodities prices on the global market. This expansion in the manufacturing industry is expected to embrace technological advancements to enhance the plant productivity, maintain an edge with the customers, and gain competitive advantage. The expansion in the manufacturing industry is further highly driven by economic growth worldwide. Also, the industry is presently in the middle of a technological renaissance, which is changing the outlook, systems, and processes of the modern factory. This technological revolution in the factories has been encouraging the manufacturing industries to further invest in these emerging technologies to enhance their productivity and production cycle. Thus, the rapid expansion in the manufacturing industry is expected to drive the demand for vision guided robotics globally.

The vision guided robotics market has been derived from market trends and revenue generation factors from five different regions across the globe namely; North America, Europe, Asia Pacific, Middle East, and Africa, and South America. APAC is expected to be the fastest growing region in the global vision guided robotics market. Whereas, APAC followed by Europe and North America hold the highest market share in the vision guided robotics market. Vision guided robotics market is expected to experience significant growth in the coming years to meet the increasing demand for automation.

Get Sample PDF Copy @ https://bit.ly/2YE7tsr

The manufacturing industry in the developing countries of Asia Pacific has experienced a seismic shift over the years, as they have established themselves as serious players, which has subsequently created a threat for the established manufacturers with their firm foothold in the developed nations. The Asian manufacturing sector is known to rapidly adopt the innovation accelerators that includes robotics along with the emerging vision guidance technology. Over the years, the manufacturing spending of the region has grown significantly and is further anticipated to grow at the highest estimated growth rate. This dramatic growth in the manufacturing spends, and adoption of novel technologies are the key factors fueling the demand for vision guided robots. Furthermore, the demand for consumer electronic products in this region, which is majorly driven by the price deflation, rising disposable incomes, and innovation, particularly in the emerging Asian markets is anticipated to encourage the manufacturing industries in the Asia Pacific region to adopt more newer technologies in order to synchronize with the consumers’ expectations. Another key factor driving the industrial robotics market growth is the constantly aging population of countries in APAC such as Japan and China.

The global vision guided robotics market by type was led by 3D-Vision System Robots. The manufacturers are integrating robots with 3D cameras technologies in order to optimize their performance while carrying out a desired task. These cameras help the robots to identify any objects from all 3 axes (X-axis, Y-axis and Z-axis), facilitating the robot to understand the object and task easily.

Purchase This Report @ https://bit.ly/2YzgVNP

The global vision guided robotics market is segmented on industry vertical as automotive, electrical & electronics, aerospace & defense, food & beverages, healthcare & pharmaceutical, and metal processing. Automotive sector held the largest market in 2018 and are anticipated to continue dominating the vision guided market shares during the forecast period from 2019 – 2027. The electrical and electronics held the second largest market share and is expected to grow significantly in he forecast period.

Company Profiles
• ABB Ltd.
• Basler AG
• Cognex
• Denso Corporation
• Fanuc Corporation
• ISRA Vision
• Omron Corporation
• Pleora Technologies Inc
• Universal Robots AS
• Yaskawa Electric Corporation

Contact Us:
Email Id: sales@theinsightpartners.com
Phone : +1-646-491-9876

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.