London, 08 May 2015: Technavio, the independent tech-focused global research firm, has published a report on the global industrial robotics market for automotive industry 2015-2019, which is expected to grow at a CAGR of 4.97% during the forecast period of 2014-2019.
The adoption of factory automation has seen a marked increase across industries. A significant benefit of factory automation is that it reduces production time, which reduces lead time and results in cost benefits for end-users.
“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 position in the market,” says Faisal Ghaus, Vice President of Technavio.
“Many companies are also bringing independent robotic systems into use, which facilitates them in improving production efficiency significantly.”
Key Market Drivers
- Increased factory automation
- Rising number of automobile enterprises
- Benefits of industrial robotics
Key Market Trends
- Development of advanced industrial robotics
- Increased adoption of customized robots
- Rising demand for small industrial robotics
- Increased investment in R&D
Key Market Vendors
- ABB Ltd.
- Fanuc Corp.
- KUKA AG
- 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%…
