Press release
Vision Guided Robotics Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, And Growth Forecast To 2027
Vision Guided Robotics Market
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.
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The major players operating in the market for vision guided robotics market include ABB Ltd., Fanuc Corporation, Basler AG, Cognex, ISRA Vision, Yaskawa Electric Corporation, Universal Robots AS, Denso Corporation, and Omron Corporation among others.
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.
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.
The report segments the global vision guided robotics market as follows:
Global Vision Guided Robotics Market – By Component Type
• Hardware
• Software
• Services
Global Vision Guided Robotics Market – By Type
• 2D-Vision System Robots
• 3D-Vision System Robots
Global Vision Guided Robotics Market – By Industry Vertical
• Automotive
• Electrical & Electronics
• Aerospace & Defense
• Food & Beverages
• Healthcare & Pharmaceutical
• Metal Processing
Global Vision Guided Robotics Market – By Geography
• North America
• Europe
• Asia Pacific (APAC)
• Middle East and Africa
• South America
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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.
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