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Insights on The Global Vision Guided Robotics Market Demand with COVID-19 Recovery Analysis 2020-2024 | Increased Flexibility in Discrete Industries to Boost Market Growth | TechnavioThe global vision guided robotics market size is poised to grow by USD 3.24 billion during 2020-2024, progressing at a CAGR of about 10% throughout the forecast period, according to the latest report by Technavio's Market Research Report. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of the Market Impact of COVID-19. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201006005787/en/ Technavio has announced its latest market research report titled Global Vision Guided Robotics Market 2020-2024 (Graphic: Business Wire) The global vision guided robotics industry is driven by the increased flexibility in discrete industries. Vision technology allows industrial robots to function more accurately. While 2D vision technology enables robots to view moving objects on the conveyor belt, the 3D vision technology scans objects from three axes and provides a clear picture of objects. This allows vision guided robots to understand the workstation and design of the object, which further allows them to handle the objects in a row and symmetry. This contributes to better quality and precision of work in discrete industries. Such features also enable robots to deal with different objects with larger flexibility. Register for a free trial today and gain instant access to 17,000+ market research reports Technavio's SUBSCRIPTION platform Report Highlights
Decline in Electronic Component Prices will be a Key Market Trend The availability of electronic robotic components is the most important market drivers leading to new product developments. With new research in industrial applications, there has been a decline in the price of electronic components like sensors and cameras. Advancement in technologies related to the production of smart sensors and cameras has been witnessed. Incorporation of these components in industrial robots has allowed them to view the objects more precisely and accurately. Moreover, the introduction of improved cameras and sensors led to the incorporation of a single component functioning as a vision system. This has dramatically decreased the operational cost of vision guided industrial robots. Technavio's sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report Vision Guided Robotics Market 2020-2024 : Key Highlights
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Executive Summary Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Type
Customer landscape Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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View source version on businesswire.com: https://www.businesswire.com/news/home/20201006005787/en/ |