Europe Vision Guided Robotics Software Market Expected to Reach US$ 935.91 Mn by the year 2027 - ABB, Fanuc, Robotic Vision Technologies, iRobot

Vision Guided Robotics Software market in Europe is expected to grow from US$ 275.54 Mn in 2018 to US$ 935.91 Mn by the year 2027. This represents a CAGR of 14.7% from the year 2019 to 2027.

High potential of mass customization is fueling dramatic changes to automate the work across various industries. The major manufacturing companies in several countries across the globe are adopting smart technologies heavily with an objective to reduce day to day challenges. The consumer demands for customized robots are increasing for performing various monotonous work across the organization and can be upgraded easily with time as well as with changing requirement. The personalized product has the potential to provide several benefits to producers as well as consumers that fits their needs accordingly. The constant enhancement of the product has empowered thousands of companies to invest lower costs as compared to a traditional mass producer. The vision-guided robotics software can be upgraded as per the requirement of the consumers within a period across the region.

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Companies Mentioned:
o ABB Ltd.
o Fanuc Corporation
o Robotic Vision Technologies, Inc.
o iRobot Corporation
o MVTec Software GmbH
o Pick-it N.V.
o Recognition Robotics Inc.
o Vision Nerf S.A.
o Nachi Robotic Systems, Inc.
o KUKA Robot Group

The rise in demand for advanced robotic solutions in the Europe accounted for the significant rise in the automobile industry, electrical or electronics industry, and metal industry among others. As per the International Federation of Robotics (IFR), Europe shared the second largest market in 2018, owing to massive sales by German manufacturers. According to IFR, the number of robots sold in Europe is increased by about 7%, i.e. 21,404 units in the year 2017 and hence created a new record as compared to 2016 the number of robots sold is 20,074 units. Robot manufacturers in other countries in Europe namely; Italy, France, the United Kingdom, and Switzerland among others continue to increase their sales and ultimately their market share, helping the European region to propel in the field of vision-guided robotics software market over the years. Attributing to such initiative towards robotic vision technology combined with low-cost power processing capabilities, the future of vision-guided robots and robotic software is anticipated to be promising across the region. Similarly, growing adoption of Robot operating system (ROS) which is an open source robot software framework which provides numerous debugging and development tools. The ROS comprises of hardware abstraction, mapping, sensing, subordinate device control, detection, message transmission, package management, motion planning functionality, and development environments. Approximately 20 organizations are cooperating with the development of a robotic system with the use of ROS. Other than ROS, the developers are also using different platforms for the deployment of software related to robotic systems. In 2018, Pick-it and Zivid joined forces with the aim of accelerating robotic 3D vision for SMEs. As the part of the partnership Zivid's High Definition 3D Camera would be used in Pick-it's M-HD solution for plug and play application.

Germany is the hub of automobiles and automobile components in the European region. The vision-guided robotics software market is anticipated to furnish in the country in the near future, owing to increase in awareness of advanced technologies among the German mass. Also, vast areas of applications such as industry 4.0, automated and connected driving need data transmission between the machines constantly and within the real-time which depicts towards the infrastructure development and integration of vision-guided robotics software to enhance the functionality of autonomous vehicles across the country. This scope is facilitating the end users to adopt this technology increases, thereby creating a substantial market for the same at present, which is projecting a positive growth on the vision guided robotic software market. The figure given below highlights the revenue share of Russia in the European vision guided robotic software market in the forecast period:

EUROPE VISION-GUIDED ROBOTICS SOFTWARE - MARKET SEGMENTATION

By Robot Type

o Mobile Robot
o Fixed Robot
By Technology

o 2D Vision Guided
o 3D Vision Guided
By Application

o Arc Welding
o Assembly
o Cutting
o Palletizing & Machine Tending
o Navigation
o Random Bin Picking
o Collaborative Robots
o Others
By Vertical

o Automotive
o Electrical & Electronics
o Aerospace
o Healthcare
o Transportation & Logistics
o Food & Beverages
o Others
By Country

o France
o Germany
o Italy
o Russia
o UK
o Rest of Europe

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Table of Content:

PART 1.INTRODUCTION
1.1SCOPE OF THE STUDY
1.2THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3MARKET SEGMENTATION
1.3.1Europe Vision Guided Robotics Software Market - By Robot Type
1.3.2Europe Vision Guided Robotics Software Market - By Technology
1.3.3Europe Vision Guided Robotics Software Market - By Application
1.3.4Europe Vision Guided Robotics Software Market - By Vertical
1.3.5Europe Vision Guided Robotics Software Market - By Country
PART 2.KEY TAKEAWAYS
PART 3.RESEARCH METHODOLOGY
3.1.1Coverage
3.1.2Secondary Research
3.1.3Primary Research
PART 4.EUROPE VISION GUIDED ROBOTICS SOFTWARE MARKET LANDSCAPE
4.1MARKET OVERVIEW
4.2ECOSYSTEM ANALYSIS
4.3EUROPE PEST ANALYSIS
PART 5.EUROPE VISION GUIDED ROBOTICS SOFTWARE MARKET - KEY INDUSTRY DYNAMICS
5.1KEY MARKET DRIVERS
5.1.1Incorporation of vision guided robots across various industries
5.1.2High potential of mass customization
5.2KEY MARKET RESTRAINTS
5.2.1Lack of technically skilled operators among emerging economies
5.3KEY MARKET OPPORTUNITY
5.3.1Enhancing Capabilities of 3D machine vision
5.4FUTURE TRENDS
5.4.1Boosting Concentration on evolving intuitive programming interfaces
5.5IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

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