London, 13 August 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Articulated Robots Market 2014-2018, which is expected to grow at a CAGR of 5.48 percent during 2013-2018.
Articulated robots are widely used in manufacturing industries for welding, sealing, assembling, material handling, picking, cutting, painting and spraying, and machine tending. They are mostly used in the automotive industry to perform various functions as per industry requirements.
Key Market Drivers
- Trend toward Automation
- Growing Non-automotive Applications
- Increased Use of Industrial Robots in Emerging Nations
Key Market Trends
- Increase in Demand for Application-specific Robots
- Developing Next-generation Articulated Robotics
- Focusing on End-to-end Robotic Systems
Key Vendors
- ABB Ltd.
- Fanuc Corp.
- KUKA AG
- Yaskawa Electric Corp.
“Market vendors are developing next-generation robotics systems, which could help manufacturing companies sustain their positions in the competitive business environment,” says Faisal Ghaus, Vice President of TechNavio.
“They use artificial intelligence to develop independent robotics systems to perform a wide range of tasks independently.”
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%…
