Shashie Pawar

3 months ago · 1 min. reading time · visibility ~10 ·

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Robotic Vision Market SWOT Analysis, Insights by Product and Application

The robotic vision is simple process of analyzing, extracting and defining with the help of the camera mounted on it and pre-loaded algorithm. It can be installed for number of applications such as welding & cutting with accuracy, precision, quality in the manufacturing process and inspection & testing, material handling, and packaging. The vision takes pictures of each a portion of material that the robot will interact with. If the portion matches with the portion of algorithm, then material is accepted and robot will proceed further. The robot vision can also perform different task such as visual feedback for object tracking & administration, navigation, object recognition and segmentation, surveillance, and decision-making. Robotic Vision is gaining more demand in manufacturing companies in recent time and it will keep growing. Looking at this ultimatum, ‘Market Research Future’ recently released the market insights till 2023. According to this MRFR analysis, the global robotic vision market is expected to reach USD $9 billion and set to grow at CAGR of 12% during the forecast period.

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