Research and Markets Releases Report on Global Analysis on Robot Industry

Research and Markets has released a new report titled, ‘Analyzing the Global Robots Industry’. The report discusses the trend of the robotic market and predicts that the revenue from the market is will reach 30 billion by the year 2016.

The report attributes the growth of the robotic market to the commercial growth in the military, professional and security robot sectors. The use of robots has increased considerably in the fields such as medicine, planetary exploration missions and in undertaking risky missions. The industrial applications of robotics is however the largest so far.

Following the slowdown in the sale of robots in 2009, the year 2010 saw an upswing in the sales and positive growth is expected till the year 2016. The industrial sector mainly employs robots that perform highly specialised jobs and the new generation of robots are used in performing domestic, professional and security based jobs that require smart robots, which are capable of handling challenging environments with minimum instructions. The companies that are mentioned in the report are ABB Robotics which is the top company with 4.3% share in the market; Yaskawa Electric Corporation is at the second place with 3.8% of market share. The buyers in the robotic market come from various segments in the industry like large organisations or conglomerates like defense or automotive sector. Advanced techniques in machine vision and distributed motion control tend to increase the demand for industrial robots with specialised skills. The other factor that influences the robot market are demographic trends such as aging population and declining birth rates etc. KUKA robotics and Fanuc are some of the other companies mentioned in the report.