Knowledge Sourcing Intelligence announces the publication of a new report on “Robotic VisionMarket - Forecasts from 2019 to 2024" to their offering.
This report provides forecast and analysis of the robotic vision market which is estimated to grow at an impressive CAGR of 10.83% to achieve a market size of USD58.519 billion by 2024.
The market is expected to propel in the forecast period owing to the advent of industrial automation due to advancements in technology. Additionally, the decline in the price of chips and sensors will further augment the market growth. The increase in demand for automation and surveillance is further fueling the market demand in the forecast period and in the coming years. The growing concerns regarding the safety of workers along with the strict regulations for worker’s safety are further propagating the market demand. Other factors driving the market growth include the rising demand for robotic vision technology across varied industry verticals coupled with the benefits provided by robotic vision. Examples include efficient packaging, efficient material handling, and operations that include the quality check. The growing automotive industry is further providing an opportunity for the market to thrive in the forecast period.
Geographically, North America and Europe is expected to hold a significant share owing to the early technology adopters resulting in the increase in demand for robotic vision technology for material handling applications in particular. Also, high labour costs and strict government regulations for the workers’ safety is further augmenting the market growth in these regions. On the other hand, in the APAC region, the market is expected to be the fastest-growing due to the rapid industrialization, and high infrastructure development. Additionally, increasing demand for processed and frozen foods in countries like China and India are propelling the market demand owing to ensuring the efficient food packaging and maintaining the brand quality with label verification.

Some of the major players covered as part of the report are Kawasaki Heavy Industries, Ltd., ISRA Vision AG, and FANUC America Corporation.

This report segmented the robotic vision market on the basis following terms:

• By Component
o Software
o Hardware

• By Industry Vertical
o Electrical and Electronics
o Automotive
o Metal Processing
o Food Processing
o Others

• Geography
o North America
 USA
 Canada
 Mexico

o South America
 Brazil
 Argentina
 Others

o Europe
 Germany
 France
 United Kingdom
 Spain
 Others

o Middle East and Africa
 Israel
 Saudi Arabia
 Others

o Asia Pacific
 China
 Japan
 South Korea
 India
 Others


Purchase complete report or request sample: www.knowledge-sourcing.com/report/robotic-vision-market
Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing research studies spanning across ten industry verticals. We have a combination of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. Driven by industry experts, the company provides syndicated reports, custom research, and consulting services. Our proprietary data analytics model blended with quality primary and secondary research data, assists in generating quality reports providing crucial insights to managers and decision-makers. The services offered by us help companies to gain the required competitive edge. Our expertise across 10 industries such as ICT, Chemicals, Semiconductors, Healthcare among others caters to diverse client needs.

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