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Europe Vision Guided Robotics Software Market Foreseen to Grow Exponentially by 2022

Vision Guided Robotics Software market in Europe is expected to grow from US$ 275.54 Mn in 2018 to US$ 935.91 Mn by the year 2027. This represents a CAGR of 14.7% from the year 2019 to 2027.

High potential of mass customization is fueling dramatic changes to automate the work across various industries. 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 across the region.

The Europe Vision Guided Robotics Software Market is growing along with the Technology, Media and Telecommunications industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.

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Germany is the hub of automobiles and automobile components in the European region. The vision-guided robotics software market is anticipated to furnish in the country in the near future, owing to increase in awareness of advanced technologies among the German mass. Also, vast areas of applications such as industry 4.0, automated and connected driving need data transmission between the machines constantly and within the real-time which depicts towards the infrastructure development and integration of vision-guided robotics software to enhance the functionality of autonomous vehicles across the country. This scope is facilitating the end users to adopt this technology increases, thereby creating a substantial market for the same at present, which is projecting a positive growth on the vision guided robotic software market.

These factors are expected to offer broad growth opportunities in the Technology, Media and Telecommunications industry and this is expected to cause the demand for Europe Vision Guided Robotics Software Market in the market.

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EUROPE VISION-GUIDED ROBOTICS SOFTWARE – MARKET SEGMENTATION

By Robot Type

  • Mobile Robot
  • Fixed Robot

By Technology

  • 2D Vision Guided
  • 3D Vision Guided

By Application

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

By Vertical

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

By Country

  • France
  • Germany
  • Italy
  • Russia
  • UK
  • Rest of Europe

Companies Mentioned

  • 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.
  • KUKA Robot Group

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