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Industrial Robotics Market worth $32.8 Billion by 2017

Over the last 50 years, industrial robotics’ applications have evolved from simple tasks like “pick and place” to complex functions like welding, glass & metal precision cutting, and assembling & dissembling.

 
PRLog - Dec. 31, 2012 - According to the market research report “Industrial Robotics Market - Global Forecast
& Analysis by Applications, Functions, Product & Geography (2012 -
2017)” published by MarketsandMarkets (www.marketsandmarkets.com), the total
industrial robotics market is expected to reach $32.8 billion by 2017 at a CAGR of 5.0%
from 2012 to 2017.
Browse 115 tables and in-depth TOC on “Industrial Robotics Market - Global
Forecast & Analysis by Applications, Functions, Product & Geography (2012 -
2017)”.
http://www.marketsandmarkets.com/Market-Reports/Industria...
Early buyers will receive 10% customization on reports.
Over the last 50 years, industrial robotics’ applications have evolved from simple tasks like
“pick and place” to complex functions like welding, glass & metal precision cutting, and
assembling & dissembling. In terms of structure, industrial robots progressed from
cylindrical co-ordinate frame to flexible multi axis arms, which can function in dynamic
environment. Their dependence on human operators still needs innovations to function
independently. As the automation of manufacturing processes evolved, so did the industrial
robots.
Post 2000, due to increased globalization, drive of modernizing and automating the
manufacturing units began in almost all the major industries across the world. The growing
demand, competition, and pressure to increase productivity have forced the other nonautomotive
industries to integrate industrial robotics into their manufacturing facilities.
Industrial robotics, being the next step of automation, had a smooth ride during this period,
and the global industrial robotics market touched new highs in yearly shipments of robots.
Industrial robotics started its journey with automotive applications; but off late, it has made
its way into non-automotive industries’ manufacturing facilities as well. As the employers
struggle to find skilled people to fill positions, robots can help to shift the human resources
out of jobs that do not use their ability to the fullest. Industrial robots have proven to
deliver a host of benefits in a wide variety of applications like welding & soldering, handling
of materials and processing, assembling & disassembling, dispensing and painting, cutting,
milling and other processing, and the other functions. The most articulated robots perform
by storing a series of positions in memory, and moving to them at various times in their
programming sequence. Vision guidance (aka machine vision) is bringing a lot of flexibility
to robotic cells.
The misconception among employee unions of increasing unemployment with the
installation of industrial robotics in manufacturing facility is due to lack of awareness,
inaccurate cost justification given by management of companies, and constant additional
training costs.
Outside of Japan, Western Europe and North America, the robotics industry is at fruitful
ground for growth from 2012 onwards, led by growing economies like South Korea, China,
India, and Brazil.
About MarketsandMarkets
MarketsandMarkets is a global market research and consulting company based in the U.S.
We publish strategically analyzed market research reports and serve as a business
intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and
custom research services. They cover thirteen industry verticals, including advanced
materials, automotives and transportation, banking and financial services, biotechnology,
chemicals, consumer goods, energy and power, food and beverages, industrial automation,
medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications
and IT.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business
insight with our huge market intelligence repository. To know more about us and our
reports, please visit our website www.marketsandmarkets.com
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Source:marketsandmarkets
Country:United States
Industry:Robotics
Tags:Industrial Robotics Market
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