SAN FRANCISCO, Oct. 22, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Robotic Vision - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 8; Released: May 2021
Executive Pool: 2346
Companies: 19 - Players covered include Adept Technology, Inc.; Cognex Corporation; FARO Technologies, Inc.; GOM GmbH; Hexagon AB; Keyence Corporation; Koh Young Technology, Inc.; Matrox Electronic Systems Ltd.; Mvtec Software GmbH; National Instruments Corporation; Nikon Metrology NV; Qualcomm Technologies, Inc.; SICK AG; Teledyne DALSA, Inc.; Tordivel AS and Others.
Coverage: All major geographies and key segments
Segments: Component (Hardware, Software); Industry (Automotive, Packaging, Aerospace, Food Processing, Metal Processing); Technology (2D, 3D)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Robotic Vision Market to Reach $7.4 Billion by 2026
Amid the COVID-19 crisis, the global market for Robotic Vision estimated at US$4.3 Billion in the year 2020, is projected to reach a revised size of US$7.4 Billion by 2026, growing at a CAGR of 9.4% over the analysis period. Hardware, one of the segments analyzed in the report, is projected to record a 9.7% CAGR and reach US$5.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 8.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.4 Billion in 2021, While China is Forecast to Reach $1.3 Billion by 2026
The Robotic Vision market in the U.S. is estimated at US$1.4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2026 trailing a CAGR of 8.8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.7% and 7.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.6% CAGR. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.