Tuesday, 02 January 2024 12:17 GMT

Robotic Vision Market Worth $4.0 Billion By 2028 - Exclusive Report By Marketsandmarketstm


(MENAFN- PR Newswire) Asia Pacific will likely grow at the highest CAGR from 2023 to 2028. China remains the largest market for vision systems in the Asia Pacific. The robotic vision industry growth in Asia Pacific is expected to be led by countries such as Taiwan and India, which are pushing for increased automation in manufacturing. Rising labor costs in Asia Pacific also force manufacturers to automate to maintain their cost advantage. Therefore, strong growth for vision systems is expected in Asia Pacific in the near future.

Key players operating in the robotic vision companies include Cognex Corporation (US), Basler AG (Germany), OMRON Corporation (Japan), National Instruments Corporation (US), Keyence Corporation (Japan), Teledyne DALSA (Canada), Sick AG (Germany), Torvidel AS (Norway), Hexagon AB (Sweden), Advantech (Taiwan), Yaskawa America, Inc. (Japan), ISRA VISION (Germany), FANUC CORPORATION (Japan), ABB (Switzerland), Qualcomm Incorporated (US) in the robotic vision market.

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