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The global Vision Guided Robotics Market Size is expected to reach a value of $7.3 billion by 2022, growing at a CAGR of 11.2% during the forecast period.
Vision Guided Robotics is a technology used in the robots as sensors to provide a feedback indication to the robot controller to accurately move to variable target locations. The vision guided robotic systems have an independent operational system which makes them efficient, enhancing quality, while significantly reducing the possibility of human errors and wastage of resources. Vision guided robotics technology has significantly influenced the production processes by making robots highly flexible, reducing cost and complexity of fixed tooling which was associated with the design and set up of robots. The global vision guided robotics market is driven due to the need for automation in various sectors and also due to rising labor costs.
Based on the component type, the Vision Guided Robotics market is segmented into Hardware, Software and Services. The vertical covered under the report includes Automobile, Electronics, Food & Beverages, Aerospace & Defense, Pharmaceutical & Medical and Others. Based on region, Vision Guided Robotics market is segmented into North America (US, Canada, Mexico and Rest of North America), Europe (Germany, UK, France, Russia, Spain, Italy and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Australia and Rest of Asia-Pacific) and Latin America, and Middle East & Africa. Asia-Pacific remained the dominant region in the global Vision Guided Robotics market. Europe would witness promising CAGR during the forecast period (2016-2022).
The report covers the analysis of key stake holders of the Vision Guided Robotics market. Key companies profiled in the report include Omron Corporation, Denso Corporation, Isra Vision AG, Fanuc America Corporation, The Yaskawa Electric Corporation, Basler AG, Cognex Corporation and Allied Vision Technologies.