DUBLIN--(BUSINESS WIRE)--May 20, 2019--

The Europe vision guided robotics software market accounted for US$ 275.54 Mn in 2018 and is expected to grow at a CAGR of 14.7% over the forecast period 2019-2027, to account for US$ 935.91 Mn in 2027.

Factors including growing acceptance of vision guided robots are significantly and high potential of mass customization driving the vision guided robotics software market. However, lack of skilled operator in the developing countries across region is impeding the market growth. Mounting demand of technological proficiencies of 3D machine vision is opportunistic for the growth of the market.

The major manufacturing companies in several countries across the globe are adopting smart technologies heavily with an objective to reduce day to day challenges. The consumer demands for customized robots are increasing for performing various monotonous work across the organization and can be upgraded easily with time as well as with changing requirement.

The personalized product has the potential to provide several benefits to producers as well as consumers that fits their needs accordingly. The constant enhancement of the product has empowered thousands of companies to invest lower costs as compared to a traditional mass producer. The vision-guided robotics software can be upgraded as per the requirement of the consumers within a period. This upgradation of the software, as well as system, costs less as compared to the replacement or installation of a new system in the industry.

Industries such as the automobile, aerospace, healthcare, logistics, transportation, and manufacturing among others are heavily integrating their workstations with robotic technologies. In recent years, various robotic companies developed vision-guided robots, which has changed the global automation scenario to a great extent as these robots have multiple benefits over conventional robots. Some of the benefits are these robots are capable of multi-tasking, and carries cameras that reduce the integration of sensor technology and are highly accurate and efficient among others.

The vision guided robotics software market is fragmented with the presence of several industries and the competitive dynamics in the market is expected to change during the upcoming years. In addition to this, various initiatives are undertaken by the governmental bodies to accelerate the vision guided robotics software market further.

For instance, the automotive and general manufacturing industries are flourishing in Europe. The increasing demand for automation is aiding the growth of vision-guided robots. As per the International Federation of Robotics, in the year 2017, Germany had a workforce of approximately fifty-three thousand people and with a robot density of 309 robots per 10 thousand employees across industries.

Several sectors in Europe are focusing on adopting robotics solutions with the aim of improving operational efficiency and increasing production. The significant adoption of robotic solutions is creating substantial market space for robotic solutions manufacturers in the region. This factor is facilitating the market growth in the current scenario, and the same trend is anticipated to propel the demand for vision-guided robots market in the coming years in Europe.

These initiative provide various benefits to the Europe vision guided robotics software based companies located in the region thus, increasing the growth of vision guided robotics software markets. This initiative provides multiple benefits to the companies present in this region and thus increasing the growth of vision guided robotics software market in the region.

On the basis of technology, the 2D vision guided robotic software segment is leading the vision guided robotics software market. However, the 3D vision guided robotic software segment are anticipated to grow at a highest CAGR. The manufacturers are integrating the fixed or static robots and mobile robots with multiple cameras and sensing technologies in order to optimize their performance while carrying out a desired task. These cameras and sensors help the robots to identify any objects from all 3 axes (X-axis, Y-axis and Z-axis), facilitating the robot to understand the object and task easily.

The introduction of machine vision software into 3D vision guided technology robots is expected to increase the skills of the automated system during random bin picking, packaging heavy materials and assembling different parts of machineries among others. There are various advantages of 3D vision guided technology such as it provides richer data information which includes information related to object flatness, surface angle and volume; measurement stability; precision and repeatability; multi-sensor stitching, and precision robotic guidance.

In addition, 3D vision guided technology assists the robots in handling boxes of various dimensions for palletizing, which is a major factor in warehouse industries. These factors are expected to drive the 3D vision guided technology in the coming years, and thus boosting the market growth for vision guided robotics software market in the future.

Some of the players present in vision guided robotics software market are ABB Ltd., Fanuc Corporation, Robotic Vision Technologies, Inc., iRobot Corporation, MVTec Software GmbH, Pick-it N.V., Recognition Robotics Inc., Vision Nerf S.A., Nachi Robotic Systems, Inc., and KUKA Robot Group among others.

Topics Covered

Part 1. Introduction

Part 2. Key Takeaways

Part 3. Research Methodology

Part 4. Europe Vision Guided Robotics Software Market Landscape

Part 5. Europe Vision Guided Robotics Software Market - Key Industry Dynamics

5.1 Key Market Drivers

5.1.1 Incorporation of Vision Guided Robots Across Various Industries

5.1.2 High Potential of Mass Customization

5.2 Key Market Restraints

5.2.1 Lack of Technically Skilled Operators Among Emerging Economies

5.3 Key Market Opportunity

5.3.1 Enhancing Capabilities of 3D Machine Vision

5.4 Future Trends

5.4.1 Boosting Concentration on Evolving Intuitive Programming Interfaces

5.5 Impact Analysis of Drivers & Restraints

Part 6. Vision Guided Robotics Software - Europe Market Analysis

6.1 Europe Vision Guided Robotics Software Market Overview

6.2 Europe Vision Guided Robotics Software Market Forecast and Analysis

6.3 Market Positioning/Market Share

Part 7. Europe Vision Guide Robotics Software Market Analysis - by Robot Type

7.1 Overview

7.2 Europe Vision Guided Robotics Software Market Breakdown, by Robot Type, 2018 & 2027

7.3 Fixed Robots

7.4 Mobile Robots

Part 8. Europe Vision Guide Robotics Software Market Analysis - by Technology

8.1 Overview

8.2 Europe Vision Guided Robotics Software Market Breakdown, by Technology, 2018 & 2027

8.3 D Vision Guided Technology

8.4 D Vision Guided Technology

Part 9. Europe Vision Guide Robotics Software Market Analysis - by Application

9.1 Overview

9.2 Europe Vision Guided Robotics Software Market Breakdown, by Application, 2018 & 2027

9.3 Arc Welding

9.4 Assembly

9.5 Cutting

9.6 Palletizing and Machine Tending

9.7 Navigation

9.8 Random Bin Picking

9.9 Collaborative Robots

9.10 Others

Part 10. Europe Vision Guide Robotics Software Market Analysis - by Vertical

10.1 Overview

10.2 Europe Vision Guided Robotics Software Market Breakdown, by Vertical, 2018 & 2027

10.3 Automotive

10.4 Electrical & Electronics

10.5 Aerospace

10.6 Healthcare

10.7 Transportation & Logistics

10.8 Food & Beverages

10.9 Others

Part 11. Europe Vision Guided Robotics Software Market - Country Analysis

Part 12. Industry Landscape

12.1 Market Initiative

12.2 Merger and Acquisition

12.3 New Development

Part 13. Vision Guided Robotics Software Market, Key Company Profiles

13.1 ABB Ltd.

13.2 Fanuc Corporation

13.3 Cognex Corporation

13.4 Automation Anywhere Inc.

13.5 Vision Guided Robotics LLC (VGR)

13.6 Robotic Vision Technologies Inc.

13.7 Bluewrist Inc

13.8 Energid Technologies Corporation (Teradyne Inc.)

13.9 iRobot Corporation

13.10 Asimov Robotics

13.11 Recognition Robotics

13.12 Ready Robotics Corporation

13.13 Pick-It N.V.

13.14 MVtec Software GmbH

13.15 Visio Nerf S.A.

For more information about this report visit https://www.researchandmarkets.com/r/d969lg

Laura Wood, Senior Press Manager

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Related Topics:Software,Robotics



SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 05/20/2019 05:22 AM/DISC: 05/20/2019 05:22 AM

Copyright Business Wire 2019.