Research and Markets: Global Industrial Robotics Market in Electronic and Electrical Industry 2015-2019 – Development of Advanced Industrial Robotics
September 11, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/fsvk8q/global_industrial) has announced the addition of the “Global Industrial Robotics Market in Electronic and Electrical Industry 2015-2019” report to their offering.
The global industrial robotics market in electronic and electrical industry to grow at a CAGR of 5.43% over the period 2014-2019.
Industrial robotics can be defined as the use of robots in the manufacturing processes of industries such as electronic and electrical, food and beverage, and automotive. Industrial robots are programmed to control and automate manufacturing processes in industries. They are classified according to various technical parameters such as number of axes, degrees of freedom, working envelope, kinematics, payload, acceleration, accuracy, and repeatability.
This report covers the present scenario and the growth prospects of the global industrial robotics market in electronic and electrical industry during the period 2015-2019. For ascertaining the market size and vendor share, the report considers revenue generated through the sale of electronic and electrical industrial robotics.
Market vendors have started developing next-generation robotic systems with artificial intelligence capabilities. This is expected to help manufacturing companies reduce product errors and consolidate their position in the market.
According to the report, the market is growing steadily, with the production of industrial robots for the electrical and electronics industry gaining momentum. The demand for electrical and electronic devices is expected to increase during the forecast period. Rising factory automation in the electrical and electronics industry has led to increased demand for industrial robots.
Further, the report states that the high initial investment required for setting up industrial robots, however, remains a major hindrance to market growth. Industrial robots incur more operational costs compared to traditional manufacturing methods. Many SMEs and cost-sensitive companies thus prefer investing in traditional manufacturing processes.
Key Vendors
– ABB
– Adept Technology
– Fanuc
– KUKA
– Yaskawa Electric
Other Prominent Vendors
– Apex Automation and Robotics
– Aurotek
– Axium
– Baumann
– Daihen
– Finsar
– Kawasaki Robotics
For more information visit http://www.researchandmarkets.com/research/fsvk8q/global_industrial
View source version on businesswire.com: http://www.businesswire.com/news/home/20150911005210/en/
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Sector: Robotics, Industrial Automation
