Jun 27 2015
Technavio has published a new report on the global industrial robotics market in electrical and electronics industry, which is expected to grow at a CAGR of close to 5% from 2015-2019.
About the Report
The market survey report by Technavio draws attention to the growing adoption of factory automation across various industries. A significant benefit of factory automation is that it reduces production time, which minimizes lead time, resulting in cost benefits.
“Automation allows manufacturers to deliver their products to the market at a faster rate and also reduces the production cycle time, which helps companies remain competitive,” says Faisal Ghaus, Vice President of Technavio.
The report also emphasizes the development of advanced industrial robotics. Market vendors have started developing next-generation robotic systems with artificial intelligence capabilities, which is expected to help manufacturing companies reduce product errors and consolidate their positions in the market.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and the growth prospects of the global industrial robotics market in the electrical and electronics industry from 2015-2019. To calculate the market size, we consider the revenue generated from the sales of electrical and electronic industrial robotics in different applications, such as computer and consumer electrical machinery.
Key Information Covered in the Report:
- Key Vendors:
- ABB Ltd.
- Adept Pvt. Ltd.
- KUKA AG
- Shanghai-Fanuc Corp.
- Yaskawa Electric Corp.
- Market Growth Drivers:
- Increase in Factory Automation
- For a full detailed list, view our report.
- Market Challenges:
- High Initial Investment
- For a full detailed list, view our report.
- Market Trends:
- Development of Advanced Industrial Robotic Systems
- For a full detailed list, view our report.
Technavio currently has more than 3,000 market research reports on an extensive range of topics, with 200+ reports on the industrial robotics market. Examples include:
- Global Industrial Robotics Market in the Automotive Industry 2015-2019
- Industrial Robotics Market in North America 2015-2019
Source: http://www.technavio.com/