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Report by MarketsandMarkets on Industrial Robotics Market

A market research report published by MarketsandMarkets titled ‘Industrial Robotics Market - Global Forecast & Analysis by Applications, Functions, Product & Geography (2012 - 2017)’ states that the total industrial robotics market will reach $32.8 B by 2017 at a CAGR of 5.0% ( 2012 – 2017).

During the past 50 years, the application of industrial robotics have advanced from simple tasks like "pick and place" to industrial operations like glass & metal precision cutting, welding, and assembling & dissembling. Industrial robots have flexible multi axis arms, cylindrical co-ordinate frame that can fit to any dynamic environment. Industrial robots evolved with the development of automation of manufacturing processes. But after the year 2000, rise in globalization led to automating the manufacturing units. Rise in competition, demand, and pressure supporting productivity have enabled the integration of industrial robotics into the manufacturing facilities of other non-automotive industries. Industrial robotics had steady growth during this period, with annual shipments of robots, representing increase in global industrial robotics market.

Industrial robots have proven-efficiency in extensive applications including dispensing and painting, welding & soldering, cutting, milling and other processing, handling of materials and processing, assembling & disassembling, and more. Highly articulated robots carry out operations by storing a series of positions in memory, followed by execution in their programming sequence. Vision guidance, also called machine vision provides versatility to robotic cells.

Additional training costs, inaccurate cost justification calculated by management of companies have led to a false delusion among employee unions that the installation of industrial robotics within manufacturing facility increases unemployment.

Beyond Japan, North America, and Western Europe, the robotics industry continues to develop in India, South Korea, China, and Brazil.

Source: http://www.marketsandmarkets.com/

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