Report Code: A07632 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Industrial Robot Controllers Market
Request Now !Industrial robot controllers are devices that are used to monitor and operate industrial robots used in automation operations to perform different manufacturing activities such as welding, assembling, lifting and more. The robot controllers ensure that the robots are working in the right way and are in sync with other robots in the vicinity. Other functions of robot controllers include checking and troubleshooting problems in the robots and repair the defective parts. Industrial robot system usually comprises four parts that are robot body, control system, servo system and sensor. The control system is considered as the brain of the robot, whose primary objective is to drive the robot to desired location to complete the tasks according to the operator’s instructions.
COVID-19 Scenario analysis:
Drivers, restraints, and opportunities
An increase in demand for collaborative robots in nearly all manufacturing industries, high labor costs and technological advancements are potential drivers for the industrial robotic motors market. Collaborative robot allows the participation of both humans and robots collectively to handle tasks effectively. However, high installation cost and safety hazards associated with operation of industrial robots are the restraints that can hinder the industrial robot controller market growth. Installation of a robotic project can be quite challenging especially for new companies. High skilled engineers are required for such activities, which will incur more cost for installation. Expanding automation in the electrical and electronics industry proves to be the biggest opportunity in the industrial robot controllers market.
Trends in industrial robotic controllers market
Notable developments in robotics industry
Traditional robots are regularly being updated to improve efficiency and effectiveness of the robots. Technological automation is growing at a very fast pace in most of the manufacturing industries. Consequently, an increase in demand for industrial robotic motors can be witnessed in the upcoming years. 3D printed robots are recent developments in the robotics industry. A 3D printing machine takes material, CAD model and system commands from the user as input and prints the desired output layer by layer. Many manufacturing industries especially in the automobile sector have already adopted this technology.
Increasing labor cost and unskilled workers
The lack of skilled workforce and high labor costs have been major reasons for the adoption of industrial robots in many industries in both developing and developed nations. Many organizations have adopted industrial robots as a solution for high labor costs. Although, initial cost of installation is high but once installed the return on investment is very satisfactory as it provides great productivity with great efficiency which will result in higher profit margin for the organizations. Moreover, labor wages have been booming recently in the countries such as the U.S. and European markets. Considering the costs associated with workers, implementation of robots seems to be a better option, which creates a pathway for the industrial robotic motors to increase its demand in upcoming years.
Key benefits of the report:
Industrial Robot Controllers Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | Yamaha Motor Industrial Robots., EPSON Robots, Fanuc, Durr, COMAU, KUKA Robotics, ABB Robotics, Hyndai, OTC DAIHEN, Nachi-Fujikoshi CORP. |
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