London, 27 October 2015: Technavio, the independent tech-focused global research firm, has published a report on the global packaging robots market 2015-2019, which is expected to grow at a CAGR of 8.60% during the forecast period of 2014-2019.
“Advancements in sensors and the use of cameras and software have made robots more accurate at identifying locations and objects in the industries for packaging,” says Faisal Ghaus, Vice President of Technavio.
“Now, robots that were visually impaired and needed continuous assistance in pick and place applications in plants have become self-dependent in locating and placing objects.”
Robotics offers large floor space with a minimal footprint in plants as they can be easily mounted on floors, walls, or ceilings to pick and place products from running conveyors belt to increase the speed and efficiency of the packaging process. The improvements in the gripping technology of robotics have increased their use in packing applications in industries such as F&B, electronics, and pharmaceuticals.
Key Market Drivers
- Increased importance of packaging
- Need to reduce costs
- Need for high productivity and flexibility
- Growing demand from the healthcare industry
Key Market Trends
- Expansion in robotics technology
- Increasing use of robots in e-commerce sector
- Growth of major industries
Key Market Vendors
- ABB
- Fanuc
- Kuka
- Yaskawa Electric
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.
If you are interested in more information on this topic and our upcoming research on the Global Packaging Robots Market 2015-2019, please send an e-mail to media@TechNavio.com.
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