APAC VGR software market to witness 16.4% CAGR

The APAC vision guided robotics software market is fragmented with the presence of several industries and the competitive dynamics in the market is expected to change during the upcoming years. In addition to this, various initiatives are undertaken by the governmental bodies to accelerate the vision guided robotics software market further.

For instance, APAC owing to huge demand from various industries in the region as well as internationally. The rise in demand for advanced robotic solutions in the Asia Pacific accounted for the significant rise in the automobile industry, electrical or electronics industry, and metal industry among others. As per the International Federation of Robotics (IFR), the robot manufacturer present in Japan delivered around 56% of the global supply of industrial robots in 2017. Similarly, the robot sales in Japan is increased to 45,566 units, i.e. increased by about 18% in the year 2017 as compared to the previous year.

The APAC region is anticipated to be the fastest growing during the forecast period globally, due to the enormous demand for Chinese, Korean and Japanese robotic solutions from different parts of the world. These initiative provide various benefits to the APAC vision guided robotics software based companies located in the region thus, increasing the growth of vision guided robotics software markets. This initiative provides multiple benefits to the companies present in this region and thus increasing the growth of vision guided robotics software market in the region.