Robotic Vision Market worth 5.18 Billion USD by 2020

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MarketsandMarkets Presents
Robotic Vision Market worth 5.18 Billion USD by
2020
http//www.marketsandmarkets.com/Market-Reports/ro
botic-vision-market-196002505.html
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• According to the new market research
  report "Robotic Vision Market by Component
  (Camera, Smart Camera, Computer), Technology (2D,
  3D Laser, Structured Light, Stereo Vision),
  Application (Welding, Painting), Industry
  (Electrical Electronics, Automotive), and
  Geography - Global Forecast to 2020", the robotic
  vision market is estimated to reach USD 5.18
  Billion by 2020, growing at a CAGR of 10.8 from
  2015 to 2020. The factors driving the robotic
  vision market include demand for safety,
  reliability, accuracy, efficiency, and ease of
  implementation and penetration.
• Browse 20 tables and 58 figures spread through
  195 Slides and in-depth TOC on "Robotic Vision
  Market - Global Forecast to 2020"http//www.marke
  tsandmarkets.com/Market-Reports/robotic-vision-mar
  ket-196002505.htmlEarly buyers will receive 10
  customization on reports.

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• Robotic vision is used in industries for improved
  sanitation, correct packaging, and material
  handling operations due to strict government
  regulations and increasing public awareness
  regarding food and beverage safety. Robotic
  vision ensures quality and safety, prevents
  defective products from entering the supply
  chain, and facilitates product traceability.
  Robotic vision performs these applications
  reliably and consistently and is a superior
  alternative to photoelectric sensor-based
  application. Apart from this, many companies are
  accepting it due to the value it brings to their
  operations, that is, value in the form of
  improved product quality, more manufacturing
  flexibility, and higher throughput.
• Automotive industry 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
  industry also relies heavily on highly effective
  approaches to prevent defects at various stages
  of production, with the help of robotic vision
  systems. The electrical electronics industry
  has emerged as an important sector for robotics
  vision after the automotive industry.

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• Material handling dominates 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 supported packaging
  of food thereby ensuring brand quality with label
  verification.
• The major players of robotic vision are Yaskawa,
  Fanuc, ABB Ltd, KUKA Robotics, Kawasaki Robotics,
  Basler AG, Cognex, National Instruments, Keyence,
  and Sick.
• This report describes the drivers, restraints,
  opportunities, and challenges with respect to the
  robotic vision market. The Porters five forces
  analysis has been included in the report with a
  description of each of the forces and their
  respective impact on the robotic vision market.

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