Published on : Nov 02, 2016
ALBANY, NY, Nov 02, 2016: The report presents an outlook of the growth trajectory of the global robot controllers market along with the predominant trends. It also projects the volume and revenue growth of the global robot controllers market. The dynamics driving or restraining the growth of the market have also been evaluated in the report.
According to the report, it has been estimated by the International Federation of Robotics that over 1.3 million industrial robots will be deployed across the globe from 2015 to 2018. The report states that the global robot controllers market is likely to exhibit a CAGR of approximately 7% between 2016 and 2020. The primary driver of the market is the rising concerns regarding the safety of the industrial robots due to mishaps that have occurred in the industrial sector in the last couple of years.
The deployment of Chinese robot controllers and robots is likely to augment the growth of the global robot controllers market over the forecast period. As industries are focusing on enhancing their production units, the installation of industrial robots for activities such as machine tending, logistics, assembling/disassembling, painting, welding, and material handling is also increasing.
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As per the findings of the report, in 2014, the sales of robot controllers was maximum in China – over 25,598 units were manufactured in the country and sold indigenously. Additionally, the Chinese government has been focusing on scaling the operations and creating a favorable environment for the growth of the robotics controller industry in the country. It has also initiated policies such as investment credit to endorse sales of robot peripherals, robot controllers, and industrial robots which have been manufactured by local companies. To combat issues regarding inflation and mounting labor costs, China has deployed industrial robots on a large scale for forging and foundry, packaging, machine tending, and material handling.
The installation of small-sized and compact robot controllers among several industries is a trend that is likely to gain traction over the forthcoming years. Based on type, the global robot controllers market is segmented into PLC-based robotic controllers and OEM proprietary robotic controllers. OEM proprietary robot controllers dominated the market in the last couple of years and are likely to retain a lead as the leading revenue contributor to market. However, the economic downturn in several leading industrial nations is anticipated to inhibit the adoption of robot controllers.
Region-wise, the global robot controllers market is classified into Asia Pacific, the Americas, and Europe, the Middle East and Africa. Among these, Asia Pacific emerged dominant in the market owing to increasing demand from industries such as petrochemicals and chemicals, semiconductor, electronics and electrical, and automotive. Leading manufacturers of robot controllers are aiming at reducing the size of the robot controllers to increase their utility. Some of the key players operating in the market are Yaskawa, KUKA, and ABB. The competition among these players is likely to intensify in terms of services offered, customized solutions, price, and product features.
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