Global Robot Controllers Market 2016-2020
Robots are critical components in the fourth industrial revolution. The widespread use of industrial robots and robot controllers is expected to reduce the total cost of labor in the manufacturing industry by at least 15% globally by 2025. The output in terms of labor and productivity can improve by a minimum of 20%. The International Federation of Robotics estimates that as many as 1.3 million industrial robots are likely to be installed globally between 2015 and 2018.
Technavio’s analysts forecast the global robot controllers market to grow at a CAGR of 7.03% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global robot controllers market for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the top five vendors operating in the market.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Robot Controllers Market 2016-2020
Technavio recognizes the following companies as the key players in the global robot controllers market: ABB, FANUC, KUKA, and Yaskawa Electric.
Other prominent vendors in the market are: Alfa Robot, Arburg, Engel, Epson Robots, Hans Hundegger, Harmo, iRobot, Kawasaki Heavy Industries, NACHI-FUJIKOSHI, Omron Adept Technologies, Sepro Group, Stäubli Robotics, TecnoMatic Robots, WITTMANN, and Yamaha Robotics.
Commenting on the report, an analyst from Technavio’s team said: “Increased adoption of compact and small-sized robot controllers will be one of the major trends in the market”
According to the report, the rise in adoption of Chinese robots and robot controllers will be one of the major factors that will drive the growth of the market.
Further, the report states that technical challenges related to OEM proprietary robot controllers will be one of the major challenges influencing market growth.
ABB, FANUC, KUKA,Yaskawa Electric, Alfa Robot, Arburg, Engel, Epson Robots, Hans Hundegger, Harmo, iRobot, Kawasaki Heavy Industries, NACHI-FUJIKOSHI, Omron Adept Technologies, Sepro Group, Stäubli Robotics, TecnoMatic Robots, WITTMANN, Yamaha Robotics.