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Robotic Vision Market Worth 5.18 Billion USD by 2020


News provided by

MarketsandMarkets

18 Mar, 2016, 13:30 GMT

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PUNE, India, March 18, 2016 /PRNewswire/ --

According to the new market research report "Robotic Vision Market by Component (Camera, Smart Camera, Computer), Technology (2D, 3D [Laser, Structured Light, Stereo Vision]), Application (Welding, Painting), Industry (Electrical & Electronics, Automotive), and Geography - Global Forecast to 2020", published by MarketsandMarkets, the market is estimated to reach USD 5.18 Billion by 2020, growing at a CAGR of 10.8% from 2015 to 2020.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 20 Tables and 58 Figures spread through 195 Slides and in-depth TOC on "Robotic Vision Market".

http://www.marketsandmarkets.com/Market-Reports/robotic-vision-market-196002505.html

Early buyers will receive 10% customization on this report. 

The factors driving the robotic vision market include demand for safety, reliability, accuracy, efficiency, and ease of implementation and penetration.

Robotic vision is used in industries for improved sanitation, correct packaging, and material handling operations due to strict government regulations and increasing public awareness regarding food and beverage safety. Robotic vision ensures quality and safety, prevents defective products from entering the supply chain, and facilitates product traceability. Robotic vision performs these applications reliably and consistently and is a superior alternative to photoelectric sensor-based application. Apart from this, many companies are accepting it due to the value it brings to their operations, that is, value in the form of improved product quality, more manufacturing flexibility, and higher throughput.

Asia-Pacific expected to hold the largest market share and growth during the forecast period: 

The Robotic Vision Market in APAC is expected to hold the largest share by 2020 owing to major driving forces such as industrialization, less availability of skilled labors, government initiatives, and demand for safety and accuracy. China and Japan are expected to the next emerging industrial hub after Germany and the U.S. These countries are expected to contribute vision guided robots market with several opportunities.

Automotive industry expected to lead the Global Robotic Vision market: 

The automotive industry is the early adopter of automated robotic arms for the manufacturing and assembling of vehicle parts. The industry is increasingly using robotic vision for inspection of parts, welding, and material handling. The industry also relies heavily on highly effective approaches to prevent defects at various stages of production, with the help of robotic vision systems. The electrical & electronics industry has emerged as an important sector for robotics vision after the automotive industry.

Material handling dominates the Global Robotic Vision market:  

Material handling and packaging & palletizing application account for a large share in the food and beverage industry. It uses robotic vision to reduce labor costs by vision supported packaging of food thereby ensuring brand quality with label verification.

This report describes the drivers, restraints, opportunities, and challenges with respect to the robotic vision market. The Porter's five forces analysis has been included in the report with a description of each of the forces and their respective impact on the robotic vision market.

Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=196002505

The major players of robotic vision are Yaskawa, Fanuc, ABB Ltd, KUKA Robotics, Kawasaki Robotics, Basler AG, Cognex, National Instruments, Keyence, and Sick.

Browse Related Reports 

3D Machine Vision Market by Component (Camera, Frame grabber, Software), Product (PC-based and Smart Camera-based) Application, Vertical (Automotive, Consumer Electronics, Postal & Logistics, ITS) and Geography - Global Forecast to 2020

http://www.marketsandmarkets.com/Market-Reports/3d-machine-vision-market-4125387.html

Machine Vision Market by Component (Hardware and Software), Product (PC-Based Systems and Smart Camera-Based Systems), Application, Vertical (Automotive, Electronics and Semiconductor, Healthcare, ITS) and Geography - Global Forecast to 2020

http://www.marketsandmarkets.com/Market-Reports/machine-vision-systems-market-963.html


About MarketsandMarkets  

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.


Contact:
Mr. Rohan 

Markets and Markets

UNIT no 802, Tower no. 7, SEZ

Magarpatta city, Hadapsar

Pune, Maharashtra 411013, India

Tel: 1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors

Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

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