San Jose, California (PRWEB) June 10, 2014
Follow us on LinkedIn – The field of robotics has witnessed increased activity ever since the launch of the first robot for industrial use between 1950s and the 1960s. Robotic technologies, over the years, have witnessed a sea change with the need to automate the workforce, and achieve zero-error operations resulting in numerous incremental technology advancements. Convergence of robotics with cognitive science, artificial intelligence, and information technology is now helping bring closer to reality multi-dimensional intelligent robots. Technology developments have enabled robots to perform repetitive manufacturing tasks with high levels of accuracy. Industrial robotics is today an established manufacturing technology cherished for its ability to meet hectic production deadlines, ensure production/business continuity, conform to product quality and standards, and create an automated workflow environment. Against a backdrop of increasing automation of manufacturing processes, demand for industrial robots is poised to grow especially strong in developing countries where rapid industrialization and expanding manufacturing base offer a fertile environment for technology proliferation. Key factors driving automation in production and assembly include the need to mitigate risk and uncertainty in production, focus on improving manufacturing profitability and product success in the marketplace and reduce the risk of accidents by enhancing working conditions.
Automotive manufacturing continues to remain one of the major end-use markets for industrial robots. Robots have contributing significantly towards increasing the efficiency and productivity of automotive manufacturing processes such as painting, welding and parts placement. In addition, with semiconductor manufacturing becoming more and more complex and dynamic due to ever-changing technology trends in the electronics sector, robots are expected to play a big part in their manufacture. Applications in plastics, food & beverage, medical, pharmaceutical packaging, and other emerging applications areas are poised to drive gains in the market in the coming years.
The proliferation of machine vision technology geared to meet performance requirements of robots represents a key trend in the market. Machine vision is critical in the semiconductor industry where identifying defects in miniaturized, sub-micron scale electronic components is critical in wafer level inspection for quality control. Other technology developments expected to benefit market growth include 3D Vision technology, distributed motion control and human-robot interaction technologies.
As stated by the new market research report on Industrial Robotics, Asia Pacific represents the largest market worldwide, while Latin America ranks as the fastest growing market with a CAGR of 11.6% over the analysis period. Robust manufacturing activity, focus on automation, and falling prices of robots represent key factors fuelling growth in the region.
Key players covered in the report include ABB Group, Adept Technology Inc., Denso Wave Incorporated, Dürr AG, FANUC Corporation, FANUC Robotics America Corporation, iRobot Corporation, Kawasaki Robotics Inc., KUKA Aktiengesellschaft, Panasonic Welding Systems Co., Ltd., Nachi-Fujikoshi Corporation, Nachi Robotic Systems Inc., Rockwell Automation Inc., ST Robotics, STAUBLI Corporation, YASKAWA Electric Corporation, Yaskawa America Inc.
The research report titled “Industrial Robotics: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the market, industry overview, trends, growth drivers, issues, and recent industry activity of major companies worldwide. The report provides market estimates and projections in units for major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (Australia, China, India South Korea, Taiwan and Rest of Asia Pacific) Latin America (Brazil, Mexico and Rest of Latin America) and Rest of World. Key end-use applications analyzed at the global level include Assembly, Material Application, Material Handling (Packaging/Picking, Plastic Molding, Molding, Others), Cutting/Polishing, Welding and Others.
For more details about this comprehensive market research report, please visit http://www.strategyr.com/Industrial_Robotics_Robots_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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