According to the current analysis of Reports and Data, the global vision guided robotics software market was valued at USD 1,120.6 Million in 2020 and is expected to reach USD 3,097.3 Million by the year 2028, at a CAGR of 13.30%. The study provides an overall insight into the factors responsible for the growth in the Vision guided robotics software market. With technologies like Artificial Intelligence, Machine Learning, Data Analytics extending the capabilities and functionalities of robots, these robots are now being used across several vertical to perform monotonous tasks increasing the production and quality of work. The vision guided robotics software market consists of different applications such as Arc Welding, Assembly, Cutting, Palletizing & Machine Tending, Navigation, Random Bin Picking, Collaborative Robots, and others. The vision guided robotics software market end-users comprises of Automotive, Electrical & Electronics, Aerospace, Healthcare, Transportation & Logistics, Food & Beverages, and Others.

In terms of population density, nearly 60% of the world's population lives in the Asia Pacific region. Over the past decade, the use of fixed robots in China's automotive industry has increased considerably, making it one of the robotics market leaders. Also, many of the nations in the Asia Pacific region are manufacturing hubs for different sectors, thereby increasing the number of businesses expanding into the area, leading to fresh manufacturing plants and factories, resulting in demand for automation leading to large robots assembly.

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Upgradability: Vision-guided robotics software can be easily upgraded according to consumer requirements, saving time and costs compared to replacing or installing new robots or software.

Cost-effectiveness: Upgrading the software and robot parts is generally less expensive than replacing the entire system. This cost advantage encourages industries to adopt vision-guided robotics software.

Industry adoption: Various industries such as automobile, aerospace, transportation, logistics, and healthcare are increasingly adopting vision-guided robotics software to automate their processes. These robots offer high accuracy, consistency, and quality control, making them superior to conventional robots.

Asia Pacific market dominance: The Asia Pacific region, with its significant population and manufacturing capabilities, holds a prominent position in the vision-guided robotics software market.

China's growth: China, in particular, has witnessed a significant increase in the use of fixed robots in the automotive industry over the last decade, positioning itself as one of the leaders in the robotics market.

Manufacturing hubs: Many countries in the Asia Pacific region serve as manufacturing hubs for various industries. This leads to an influx of companies establishing new plants and factories, thereby driving the demand for automation and the installation of robots.

Major Regions Highlighted in the Global Vision Guided Robotics Software Market Report:

·       North America

o   U.S.

o   Canada

o   Mexico

·       Europe

o   Germany

o   U.K.

o   Italy

o   France

o   BENELUX

o   Rest of Europe

·       Asia Pacific

o   China

o   India

o   Japan

o   South Korea

o   Rest of Asia Pacific

·       Latin America

o   Brazil

o   Rest of Latin America

·       Middle East & Africa

o   Saudi Arabia

o   U.A.E.

o   South Africa

o   Rest of Middle East & Africa

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Further key findings from the report suggest

• Vision Guided Robotics Software Market is growing at a CAGR of 15.1% in the Asia Pacific, followed by North America and Europe, with 14.2% and 14.0% CAGR, respectively. 
• Fixed robot segment of the Vision Guided Robotics Software Market is expected to occupy the majority of the market accounting to almost around 68% share owing to its precision and consistency of work
• Groundbreaking technologies like Machine Learning, Artificial Intelligence and Data Analytics revolutionizing the capabilities of machines altogether, this market is expected to grow critically in the coming years
• Automotive Component of the Vision Guided Robotics Software Market occupied almost 29% of the market because upgradation of factories with technologically advanced machines which have the increased production capacity of this industry.
• The market has noted strong growth due to advancement in the degree of in technologies and uses available in our day to day lives. Furthermore, there has been a shift of consumers towards this market due to raising awareness about the better qualities and advantages of using these products over conventional ways.

Robot type (Revenue in USD Million; 2018–2028)

• Fixed robot
• Mobile robot

Technology type (Revenue in USD Million; 2018–2028)

• 3D 3D Vision guided
• 3D 3D Vision guided

Application Type

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

Vertical types (Revenue in USD Million; 2018–2028)

• Automotive
• Electrical & Electronics
• Aerospace
• Healthcare
• Transportation & Logistics
• Food & Beverages
• Others

Top Companies Profiled in the Report:

iRobot Corporation, Pick-it N.V., Recognition Robotics Inc., Vision Nerf S.A., Nachi Robotic Systems, Inc., and KUKA Robot Group, Robotic Vision Technologies (RVT).

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