By Nick Gilbert
Research and Markets has added a new report titled ‘Global Industrial Robotics Market 2011-2015’ to its offering.
The growing demand to minimize manufacturing costs has led to this market growth. The global industrial robotics market has seen the development of advanced robotics. The market’s growth will however be limited by the constant decline in unit prices.
Fanuc, ABB, and Yaskawa Electric are the major vendors dominating within this market space.
An analyst from TechNavio's Engineering team commented that following the initiation of developing advanced robotics systems, the market vendors enabled the manufacturing companies to maintain their position within the competitive business scenario. Based on artificial intelligence, the market vendors will develop independent robotics systems to autonomously carry out a wide range of missions. With independent robotics systems, production companies will enhance the performance of the production process by lowering the production errors. Independent robotics has therefore become an ideal tool of choice, thereby encouraging vendors to develop this type of advanced robotics.
The report states that industrial robotics minimizes the manufacturing time that leads to increase in time-to-market of a product. Incorporation of various manufacturing systems and software accelerates the manufacturing process. Industrial robotics allows consistent manufacturing processes, eliminating manufacturing errors. With industrial robotics, the production companies can better cater to the demands contributing to excellent production efficiency.
This report also discusses the constant decline in the average selling price, which is a major issue within industrial robotics market.