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Demand for robot vision system set to surpass $7 million by 2033

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The global robot vision system market is likely at $2,690.4 million in 2023 and expected to grow at a compound annual growth rate of 10.4 percent during the forecast years of 2023-2033, according to a report by Fact.MR.

In order to improve job efficiency and replace human labour, the market for robots is rising and is anticipated to rise more during the coming year.

The market is expanding as a result of increased adoption of machine vision systems and the use of cognitive humanoid robots in end use industries such as automotive industry and others. [Read more…] about Demand for robot vision system set to surpass $7 million by 2033

Automated storage and retrieval systems market forecast to see significant growth

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The automated storage and retrieval systems market is expected to grow at an annual growth rate of 7.6 percent during the period 2018-2028, according to a report by Fact.MR.

North America is likely to maintain its lucrativeness in the automated storage and retrieval systems market, accounting for nearly 30 percent revenue share of the global market in 2018.

The report opines that opportunities will not be limited to developed regions alone; the automated storage and retrieval systems market in Asia Pacific excluding Japan is likely to register the highest annual growth throughout the forecast period.  [Read more…] about Automated storage and retrieval systems market forecast to see significant growth

Automotive paint robots market seeing ‘impressive growth’, says report

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The automated paint robots market traced an “impressive growth graph”, with the in revenues in 2018 estimated at over $680 million, according to a new Fact.MR study.

A variety of factors continue to influence prospects of the market, which range from integration of real-time diagnostics and precise paint control to intelligent modernization paint workshops for amplifying the production efficiency.

The study forecasts the automotive paint robot market to majorly remain consolidated among Tier 1 players, who will hold over 80 percent value share of the market in 2018.  [Read more…] about Automotive paint robots market seeing ‘impressive growth’, says report

Automated storage and retrieval systems market to witness double-digit growth in Asia

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The automated storage and retrieval systems market is expected to grow at an annual rate of 7.6 percent during the period 2018-2028, according to a report by Fact.mr.

North America is likely to maintain its lucrativeness in the automated storage and retrieval systems market, accounting for nearly 30 percent revenue share of the global market in 2018.

The report says that opportunities will not be limited to developed regions alone. Automated storage and retrieval systems market in Asia-Pacific excluding Japan is likely to register the highest annual growth rate throughout the forecast period.  [Read more…] about Automated storage and retrieval systems market to witness double-digit growth in Asia