The report forecasts the global robot controllers market to grow at a CAGR of 7.03% during the period 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.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this 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.
- Yaskawa Electric
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by type
PART 07: Market segmentation by end-user
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key takeaways
PART 16: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/rn2szq/global_robot
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-robot-controllers-market-to-grow-7-by-2020---13-million-industrial-robots-are-likely-to-be-installed-by-2018---research-and-markets-300349088.html
SOURCE Research and Markets