The market for robotic vision is expected to grow from USD 3.10 Billion in 2015 to USD 5.18 Billion in 2020 at a CAGR of 10.8%. The base year considered for study is 2014 and forecast period is from 2015 to 2020.
Increasing demand of customization and high industrial growth in the APAC region are the major drivers for the growth of the robotic vision market.
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The research work consists of primary as well as secondary sources. This research study involves extensive use of secondary sources, such as study of annual reports, press releases, journals, and paid databases.
Primary sources include interviews with demand- and supply-side experts. The entire procedure includes the study of the financial reports of the top market players and extensive interview for key insights from industry leaders, such as CEOs, VPs, directors, and marketing executives.
Material handling applications is expected to dominate 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-assisted packaging of food; thereby, ensuring brand quality with label verification. Robotic vision is used in these industries for improved sanitation, correct packaging, and material handling operations due to strict government regulations and increasing public awareness regarding food and beverage safety.
Report include competitive landscape of global robotic vision market as well as company profiles of Adept Technology Inc, Cognex Corporation, Teledyne Dalsa, Keyence Corporation, Qualcomm Technologies Inc, Point Grey Research Inc, Tordivel As, Matrox Electronics Systems Ltd, ISRA Vision AG, MVTEC Software GmBH, Sick AG, National Instruments Corporation, Hexagon AB, Faro Technologies Inc, Nikon Metrology NV, GOM GmBH, Steinbichler Optotechnik GmBH, and Koh Young Technology.
The robotic vision market in APAC is expected to hold the largest share by 2020 due to the major driving forces, such as industrialization, less availability of skilled labors, government initiatives, and demand for safety and accuracy. After Germany and US, China and Japan are expected to be the next emerging industrial hubs.These countries are expected to contribute vision-guided robots market with several new opportunities
The robotic vision market has a diversified and established ecosystem that includes stakeholders such as Machine Vision solution providers, Camera module provider, Robot manufacturer, Automation and instrumentation consultants, Image sensor providers, LED providers, IR/Laser providers, scanner providers, and end users from all industries.
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Automotive industry is 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 electrical & electronics industry has emerged as an important sector for robotics vision, after the automotive industry.
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