14 Business View Magazine - April 2016
Opening
Lines
Robotic Vision Market Worth
5.18 Billion USD by 2020
According to the new market research report “Ro-
botic Vision Market by Component (Camera, Smart
Camera, Computer), Technology (2D, 3D [Laser,
Structured Light, Stereo Vision]), Application (Weld-
ing, Painting), Industry (Electrical & Electronics, Au-
tomotive), and Geography - Global Forecast to 2020”,
published by MarketsandMarkets, the market is es-
timated to reach USD 5.18 Billion by 2020, growing
at a CAGR of 10.8% from 2015 to 2020.
Robotic vision is used in industries for improved
sanitation, correct packaging, and material handling
The factors driving the robotic vision market include demand for safety, reliability,
accuracy, efficiency, and ease of implementation and penetration.
