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(Wireless-NewsWire.Com, August 07, 2018 ) Vision Guided Robotics Software Market to 2025 – Global Analysis and Forecasts by Robot Type (Fixed Robot, and Mobile Robot); Technology (2D Vision Guided and 3D Vision Guided); Application (Arc Welding, Assembly, Cutting, Palletizing and Machine Tending, Navigation, Random Bin Picking, Collaborative Robots, and Others); & Vertical (Automotive, Electricals & Electronics, Aerospace, Healthcare, Transportation & Logistics, and Others)
The global vision guided robotics software market is estimated to grow at a CAGR of 17.9% during the forecast period 2017 – 2025 and accounts for US$ 3,719.8 Mn in the year 2025.
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The vision guided robotics software received inputs from built-in cameras and sensors and helps robots to detect objects, determine path, and perform the desired task. These robots with the help of cameras and sensors, also sends information to the robot controller for better decision making. The vision guided software enabled robots operate freely, optimize productivity, increase efficiency and reduce human errors and time. The advancement in vision guided robotics software, is constantly changing production procedure by utilizing highly flexible, accurate and precise techniques, also reducing the complexity and cost of production. Attributing to these facts the manufacturers are integrating the vision guided robots with vision software for enhancement of the robot capabilities. Rapid increase in labor safety and labor costs, significant growth in adoption of robotics in Small & Medium Enterprises, and rising implementation of automation in various industries are few factors that have led to the increased implementations of these software globally.
In our study, we have segmented the vision guided robotics software market by type, technology, applications, vertical and geography. The robot type segment of vision guided robotics software market includes fixed robot, and mobile robot. On the basis of technology, the vision guided robotics software market is broadly segmented into 2D vision guided, and 3D vision guided. Moreover, the market for vision guided robotics software is bifurcated on the basis of applications into arc welding, assembly, cutting, palletizing & machine tending, navigation, random bin picking, collaborative robot, and others. On the basis of geography, the vision guided robotics software market is analyzed into North America, Europe, Asia- Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).
Asia Pacific dominated the vision guided robotics software market in 2016. The key regions influencing the growth of adoption of advanced robotics in Asia Pacific region, are China and Japan. The automotive industry in China is flourishing significantly, resulting in rapid adoption of automated technologies for improved production. On the other hand, electronics industry in Japan has expanded substantially over the period, which is also demanding robust robotic systems for easy and high quality electronics production. Moreover, rapid industrialization in the region, especially in countries such as India, Singapore, Taiwan, and Australia among others is also expected to bolster the growth of the vision guided robotics systems in the region, leading the market for vision guided robotics software to grow from 2017 to 2025.
With the advent of semiconductors, the electronics industry has been advantageous from innovation point of view. As the prices of critical components used in electronics industry such as fiber cables, chips, and circuits are rising over the period, the manufacturers of electrical goods and electronics are implementing robotic technologies to optimize their operational efficiency and reduce labor costs. The implementation of robotics improves the productivity without hampering the quality and precision of the final product. The key areas of implementation of robotics in electronics industry includes palletizing, dispensing, material removal, material handling, assembling and packaging among others.
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The growth of this technology is very high as more and more countries are increasing investing to implement this technology in their manufacturing plants. In the forecasted period, the vision guided robotics software market is estimated to grow at a rapid pace. Some of the key players contributing significantly to the market are ABB (Switzerland), Fanuc Corporation (Japan), Cognex Corporation (United States), Automation Anywhere (United States), Vision Guided Robotics, LLC (United States), Robotic Vision Technologies Inc., and among others.
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