TechNavio recognizes the following companies as the key players in the Global Industrial Robotics Market in the Electrical and Electronics Industry: ABB Ltd., Fanuc Corp., Yaskawa Electric Corp., KUKA AG, Seiko Epson Corp., Denso Wave Inc. and Toshiba Machine Co. Ltd.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”Several vendors in the Global Industrial Robotics market in the Electrical and Electronics industry have started to provide customized robotic systems based on the specific application requirements of customers. Moreover, discrete manufacturing companies have started to increasingly adopt customized robotics systems that have been designed to suit their specific needs. For instance, the semiconductor manufacturing companies prefer articulated and SCARA robots specifically made for manufacturing and assembling applications, which is one of the crucial elements of the Electrical and Electronics industry. Thus, many vendors are developing customized robots, which help them to gain an edge over other competitors in the market. Therefore, the increasing adoption of customized systems is a new trend witnessed in the market.”
According to the report, one of the main growth drivers in this market is the increasing miniaturization of electrical and electronic components. Chip manufacturers are adopting industrial robots to develop smaller and more compact integrated circuits with functional advantages such as increased memory density and greater efficiency.
Further, the report states that one of the major challenges in this market is the steady decline in the profit margins of vendors. The continuous drop in product prices and the rising raw material costs have had a negative impact on the profit margins of vendors.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Adept Technology Inc., American Robot Corp., iRobot Corp., Kawasaki Robotics Inc., Mitsubishi Electric Automation Inc., Omron Corp., RoboGroup TEK Ltd., Rockwell Automation Inc., ST Robotics, STAUBLI Corp. and Yamaha Robotics.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-industrial-robotics-market-elect…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report-Global Industrial Robotics Market in the Electrical and Electronics Industry 2012-2016
