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Robotic Systems: The Growth Driver
Robotic system is one of the highly demanded product in industries for process automation. In 2015 around 240,000 industrial robots were sold globally by about 25% increase in the sales from 2014. The automotive and the electronics industry were the key drivers for this growth. From the last decade, the industrial robotics demand has accelerated considerably owing to the ongoing trend towards automation and the continuous technical improvements in the industrial robots. The technological innovation is the major factor which is increasing the demand for the automated material handling across the globe. Various key players across the globe are investing a money for the development of the industrial robots. In 2015, ABB has innovated a dual arm, collaborative, small parts assembly robotic system named "YuMi" moreover, KUKA Robotics also produced a sensitive collaborative industrial robot termed "LBR iiwa" in the year 2015. There are various other players Universal Robotics and others are innovating new technology for the automated material handling.
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High Initial investment: Hurdle to The Growth
The high cost of industrial robots is one of the major factor which is hampering the growth in the global automated material handling market. The companies and government have to invest huge amount for the development of new technology in the automated material handling. It is expected that from 2015 to 2025 the investment in all type of automation rise to around $190 billion by 2025 up from around $10 billion in 2015.
About Occams Business Research & Consulting (OBRC)
Occams Business Research & Consulting has been in the business (Market Research) for the past three years. OBRC, based in India, is formed by two women analysts, Shyamal Moghe and Sathya Durga, who started the company after years of working as analysts and project managers for companies such as Frost & Sullivan, Smart Analyst etc. and have an excellent track record for the best customer satisfaction.
Shyamal Moghe (Shyamal Moghe)
Sathya Durga (Sathya Durga)
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