May 25 2015
Technavio, a tech-focused research firm, has published a new report on the industrial robotics market in North America, which is expected to grow at a CAGR of 12% from 2015-2019.
“The adoption of next generation industrial robotics systems in the automotive and automobile component industries is expected to see a marked increase over the forecast period”
Industrial robots: About the report
According to the latest industry analysis report by Technavio, there has been a marked decline in skilled labor in North America, which has become a key concern for manufacturing companies. In response to this, many organizations are increasingly deploying machines and robots to automate various manufacturing processes.
“Labor costs have increased in the US and Canada in the past few years, which has affected overall manufacturing costs. Industrial robots help mitigate the effects of rising costs by reducing human intervention in various industrial processes,” says Faisal Ghaus, Vice President of Technavio.
The new market research published by Technavio also emphasizes the development of next-generation industrial robotics in the market. Vendors are using advanced technologies to develop independent robotics systems by employing artificial intelligence.
“The adoption of next generation industrial robotics systems in the automotive and automobile component industries is expected to see a marked increase over the forecast period,” says Ghaus.
Technavio currently has more than 3000 market research reports on a huge range of topics, including:
- Global Industrial Robotics Market in the Automotive Industry 2015-2019
- Global Underwater Robotics Market 2015-2019
Source: http://www.technavio.com/