Industrial Robots Market Worth $ 49 Billion By 2021 : Radiant Insights,Inc
RadiantInsights.com includes new market research report on “Global Industrial Robots Market Size, Share And Trends Report To 2021 : Radiant Insights” to its huge collection of research reports.
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Global market for industrial robots is projected to witness lucrative growth over the next six years. The market, which was worth USD 21 billion in 2014, would reach USD 49 billion by 2021. Industrial robots have the potential to bring in great economies of scale to the industries using them. Robots are preferred owing to their ability to perform tasks at lesser costs. Moreover, their efficiency and accuracy cannot be replicated through human effort. This will contribute to substantial demand in the coming years.
Automotive industry has been the pioneer in adoption of industrial robots. It has made significant investments in industrial robotics. Other industries such as pharmaceuticals, electronics, food & beverages, and chemicals are following suit. The infrastructure for industrial robots is transferable across various industries. This is reinventing manufacturing processes and facilitating market growth.
Browse Full Research Report With TOC On “Industrial Robots: Market Shares, Strategies, and Forecasts, Worldwide, 2015 to 2021” at: http://www.radiantinsights.com/research/industrial-robots-market-shares-strategies-and-forecasts-worldwide-2015-to-2021
End-use customers look for ease of setting up and operation while choosing industrial robots. Controllers are used to leverage industrial robot technology in a way that leads to improvements in automated processes. This is done through iteration of work cells. The services provided by controllers are implemented with the use of information technology.
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