Press release
Robotic Vision Market Expected to Grow from USD $ 4 Bn in 2015 at 12% CAGR : Forecast 2022
Market Synopsis of Robotic Vision Market:
Market Scenario:
Robotic Vision is a technology equipped with camera hardware and computer algorithms and program to visualize objects. It can deployed for number of applications such as inspection & testing, material handling, packaging & palletizing, welding & cutting with accuracy and ensures safety, precision, quality in the manufacturing process. Robotic Vision also helps to gain efficiency in the operation and currently being deployed in most of manufacturing companies. The main factor which is driving this market is need for vision technology in the manufacturing industries and increasing quality standards. Global Robotic Vision Market has been valued at US ~$4 billion in the year 2015 which is expected to grow at US ~$9 billion by the end of forecast year with CAGR of ~12%.
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Intended Audience
•Robotics Industries
•Automotive Industries
•Manufacturing Companies
•OEMs
•Technology investors
•Scientists, Researchers
•Government as well as Independent Regulatory Authorities
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.
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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.
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