Advancement in technology, declining prices of chips and sensors, and growing demand for automation and surveillance are some of the key factors that are propelling the growth of global robotics vision market.
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There is a high demand for this technology for material handling, packaging, and palletizing application owing to stringent regulations regarding workers’ safety.
The increasing use of robotic vision solutions for efficient packaging, material handling, and quality check operations is spurring the demand for these systems across various industries. Automotive industry makes use of robotics vision technology for manufacturing and assembling of vehicle parts, and has been witnessing moderate growth globally; thereby spurring up the demand for robotic vision solutions.
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Global Robotic Vision Market is projected to witness CAGR of 11.63% over the forecast period to reach US$6.892 billion by 2021, increasing from US$3.562 billion in 2016. Europe is witnessing a significant rise in the demand for these systems particularly for material handling application due to high labor costs and stringent government regulations to provide safer working environment.
However, Asia Pacific is anticipated to witness the fastest market growth due to factors such as rapid industrialization, high infrastructure development and growing concerns about workers’ safety. Rising demand for processed and frozen food products in emerging economies such as China and India will further fuel this regional growth to ensure vision supported packaging of food in harsh environments along with label verification and brand quality.
The first section of the report deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.
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Next section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth and a brief technological aspect of Robotics Vision.
Complete industry analysis has also been covered by Porter’s Five Forces model as a part of this report section.
Thirdly, Robotics Vision market has been segmented by component, industry vertical, and geography as below:
- Smart Camera
By Industry Vertical
- Metal Processing
- Food Processing
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- North America
- South America
- Europe Middle East and Africa
- Middle East and Africa
- Asia Pacific
Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry player profiles as part of this section are ABB Ltd., Kawasaki Robotics, Cognex Corporation, and Yaskawa among other companies.
Table of Content:
- Research Methodology
- Executive Summary
- Market Dynamics
- Robotics Vision Market Forecast by Component (US$ billion)
- Robotics Vision Market Forecast by Industry Vertical (US$ billion)
- Robotics Vision Market Forecast by Geography (US$ billion)
- Competitive Intelligence
- Company Profiles
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