Vision-guided robotics can improve production processes

In terms of revenue, the global vision guided robotics market was valued at US$ 4,616.6 million in 2019 and is projected to reach US$ 12,958.9 million by 2027; it is expected to grow at a CAGR of 13.8% during the forecast period.

The prospective for further robot installations is remarkable in many of these countries, particularly in non-automotive industry, but also in automotive industries in developing markets. This growth is attributed to the necessary modernization and transformation required in these markets. These statistics are promising for vision guided robotics manufacturers as it signifies the huge scope for further increase in adoption. It is expected that the low penetration will propel considerable growth during the forecast period, as long as there is a considerable support from the government to the manufacturers.

Get PDf Brochure @ Click Here

The penetration of vision guided robotics is gaining pace in diverse industries other than automotive and electronics, such as logistics, food & beverages, and machine tending among others. In the recent past, the non-automotive industries were very underpenetrated in comparison to automotive industry in the adoption of vision guided robotics. With the increasing functionality of equipment such as vision guided robots, it is anticipated that the non-automotive industries will further accelerate the adoption of vision guided robots. Apart from industries, the penetration is also increasing among countries. Developed markets including China, US and Japan has higher penetration however, there is still a lot of opportunity available for the industrial market to grow further even in the developed markets.