Pune, India -- (SBWIRE) -- 03/13/2019 -- Latest market study on "Vision Guided Robotics Software Market to 2027 by Robot Type (Mobile Robot, and Fixed Robot), Technology (2D Vision Guided, and 3D Vision Guided), Application (Arc Welding, Assembly, Cutting, Palletizing & Machine Tending, Navigation, Random Bin Picking, Collaborative Robots, and Others), and Vertical (Automotive, Electrical & Electronics, Aerospace, Healthcare, Transportation & Logistics, Food & Beverages, and Others) - Global Analysis and Forecast", the vision guided robotics software market is estimated to reach US$ 4,094.1 Mn by 2027 from US$ 1,148.9 Mn in 2018. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

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The report focuses on an in-depth segmentation of Vision Guided Robotics Software market based on robot type, technology, application, verticals, and geography. The geographic segmentation of the report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By technology segment, 2D vision guided technology is accounted for largest share in the vision guided robotics software market in 2018, However, 3D vision guided technology are projected to grow at the highest CAGR during the forecast period.

The vision guided robotics software experiencing a steady growth with regards to the research and development activities, product innovations, investments, and technological integrations, and deployment in the current scenario and is anticipated to rise exponentially in the coming years. The market for vision guided robotics software consists of some well-established players across the globe that cater highly advanced VGR solutions to the supply chain service providers. Growing emphasis towards optimizing operational efficiency through adoption of automation solutions and industrial robots have gained significant traction among various industry verticals. This has attributed in automation of various repetitive and mundane tasks such as packaging, picking & placing, loading & unloading and palletizing among other tasks to be replaced with highly efficient robotic solutions.

Few companies have already set up the vision and strategy for the implementation of these software in robots in the next coming years; whereas, many enterprises still in the phase of planning to adopt fully automated operations. Several end user industries are turning for vision guided robotics software based on AI and machine learning as well as big data analytics to gain deeper insights about their customers, automate the work, and increase efficiency as well as precision in the work. Government as well as private sectors, both plays an important role in the development of vision guided robotics software across region. The advancement in technology is growing at a greater pace. Almost 60% of the world's population lives in the Asia Pacific region, China is considered as one of the largest country in terms of robot density.
Global Vision Guided Robotics Software Market - By Application

- Arc Welding
- Assembly
- Cutting
- Palletizing & Machine Tending
- Navigation
- Random Bin Picking
- Collaborative Robots
- Others

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The APAC is one of the prominent region in vision guided robotics software market which is contributing highest revenue globally due to presence of large number of players and industry verticals. APAC is among one of the fastest growing economic regions with China and India as the world's first and third fastest growing economies. Also, China, South Korea, and Japan is the most technologically advanced country in the region which are adopting robotics solutions at a rapid pace across various industries such as automotive, general manufacturing, and semiconductor among others.

Key players operating in the market are introducing attractive services and solution which is helping the companies to gain customer traction. The major companies offering vision guided robotics software to different industries include ABB Ltd., Fanuc Corporation, Robotic Vision Technologies (RVT), LLC, iRobot Corporation, Pick-it N.V., Recognition Robotics Inc., Vision Nerf S.A., Nachi Robotic Systems, Inc., and KUKA Robot Group among others. Several other companies are also offering these services to different industries which is facilitating the vision guided robotics software market to propel over the years.