London, 19 May 2015: Technavio, the independent tech-focused global research firm, has published a report on the industrial robotics market in North America 2015-2019, which is expected to grow at a CAGR of 12.26% during 2014-2019.
Industrial robotics technology reduces the time-to-market of a product by lowering the manufacturing time and reducing the involvement of manual labor in a process. It enhances the speed of the manufacturing process by integrating various manufacturing systems and software and minimizing manufacturing errors.
“Vendors in the industrial robotics market in North America are developing customized robotics systems to cater to specific industry requirements,” says Faisal Ghaus, Vice President of Technavio.
“Many discrete manufacturing industries in North America are deploying customized robotics systems for various processes because they help the companies to remain competitive in the market.”
Key Market Drivers
- Shortage of Labor
- Need to Reduce Time-to-market
- Increased Demand for Robots in Pharmaceuticals Industry
Key Market Trends
- Development of Next-generation Industrial Robotics Systems
- Increased Adoption of Customized Systems
- Development of Collaborative Industrial Robotics Systems
Key Market Vendors
- ABB Ltd.
- Fanuc Corp.
- Rockwell Automation Inc.
- Yaskawa Electric Corp.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
