Integration of IoRT, Roboitic, and AI to Bode well for the Industrial Robot Controllers Market Growth
As per Future Market Insights (FMI), the demand in the global industrial robot controller market is projected to surge at a robust CAGR of 8.9% during the forecast period 2022-2029.
The global industrial robot controller market is expected to exceed US$ 909.9 Mn by the end of 2022. Growing trend of industrial automation for increasing productivity and declining production time, especially across the electronics and semiconductor industries is favoring the growth in the market.
FMI has estimated that East Asia will emerge as the most remunerative region in the global industrial robot controller market, accounting for more than half of the total sales by 2022. Regionally, South Asia & Pacific is anticipated to register high growth between 2022 and 2029.
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East Asia’s Industrial Robot Controller Market Set for Incremental Growth
According to the recent studies, while South Korea remains a prominent country in the robot per 10,000-employees’ ratio, China is projected to witness a see monumental growth. India being a fast-growing economy is expected to contribute a fair share in the industrial robot controller market during the assessment period, for the fact that industrial ecosystems of India are on the brink of a massive makeover.
Japan also commands a significant share in the industrial robot controller market, owing to the high penetration rate of automation in the country. Rapid transition of these countries towards robotic automation is further creating new opportunities for adoption of robotic controllers, thereby making East Asia a lucrative region for the industrial robot controller market players.
Software Based Technology Advancements and Cost Optimization Merging
Key players active in the industrial robot controllers market will benefit from the growing preparedness of industrial ecosystems for the impending ‘fourth industrial evolution’ and its after effects. Smart components and software’s such as sensors and controllers are the future of automation; industrial robot controller is one of the competence for robot manufacturers as all the electromechanical systems needed to be controlled.
Over the forecast years, human machine interaction is expected to be a growing trend that aims to bring robot and human anatomy closer. simultaneously, bridging the gap between a robot and control system.
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Industrial Robot Controller Market by Category
By Axis Type:
By Robot Type:
Dual Arm Robot
South Asia & Pacific
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