The global industrial robot controller market is on the cusp of a transformative journey, poised for remarkable growth in the coming years. According to Future Market Insights (FMI), this dynamic market is projected to experience a robust Compound Annual Growth Rate (CAGR) of 8.9% during the forecast period from 2022 to 2029, ultimately reaching a valuation of US$ 1,657.1 Million.
Future Market Insights (FMI) promises not only a glimpse into the current state of the industrial robot controller market but also a thorough review and comparison analysis of its dynamic dynamics. This includes a deep dive into recent market trends and the ever-evolving factors shaping the growth outlook.
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Industrial Robot Controller Market Poised for Strong Growth Fueled by HMI Adoption and Industry Demand:
The global industrial robot controller market is poised for substantial growth during the forecast period, driven by the increasing adoption of Human Machine Interaction (HMI), the integration of data and cloud capabilities enhancing hardware control, and the optimization of industrial robot costs. This growth has been reinforced by significant expansions in the automotive and electronic & semiconductor sectors, both of which are key demand generators in the industrial robotics landscape.
The findings of the report also suggest that the global commercial robot controller market is on track for significant expansion during the forecast period, propelled by the rising adoption of HMI, data and cloud capabilities boosting hardware control, and the drive to optimize industrial robot costs. Once again, the robust growth in the automotive and electronic & semiconductor industries serves as pivotal contributors to the demand within the industrial robotics landscape.
East Asia’s Industrial Robot Controller Market Poised for Substantial Growth:
Recent studies indicate that South Korea remains a leading nation in terms of the robot-to-employee ratio, while China is anticipated to experience remarkable growth. India, with its rapidly growing economy, is also expected to contribute significantly to the industrial robot controller market, as the country’s industrial ecosystems undergo significant transformations.
Japan holds a significant share in the industrial robot controller market due to its high level of automation adoption. The swift shift towards robotic automation in these countries is creating fresh opportunities for the adoption of robotic controllers, thus establishing East Asia as a highly attractive region for industrial robot controller market participants.
Convergence of Software-Based Technological Advancements and Cost Optimization:
Key players within the industrial robot controller market are well-positioned to capitalize on the increasing readiness of industrial ecosystems for the upcoming “fourth industrial revolution” and its consequent impacts. Smart components and software solutions, including sensors and controllers, are anticipated to define the future of automation, with industrial robot controllers serving as a pivotal component for robot manufacturers, as they are essential in governing all electromechanical systems.
In the forthcoming years, a growing trend in human-machine interaction is expected to bring robots and human operators closer together, simultaneously bridging the gap between robots and their control systems.
Key Players:
- Stäubli International AG
- Mitsubishi Electric Corporation
- OMRON Corporation
- DENSO Wave Incorporated
- SEPRO Group
- WAGO
- Pilz GmbH & Co. KG
- Motion Controls Robotics Inc.
- NexCOM Inc.
- Wynright Corporation
- KUKA AG
- Yaskawa Electric Corporation,
- ABB
- YAMAHA Robots
- FANUC CORPORATION
- Toshiba Machine Co. Ltd.
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Market Segmentation:
By Axis Type:
- Single Axis
- Four Axis
- Six Axis
- Other Axis
By Robot Type:
- SCARA Robot
- Delta Robot
- Cartesian/Gantry Robot
- Articulated Robot
- Collaborative Robot
- Dual Arm Robot
By Region:
- Americas
- EMEA
- South Asia & Pacific
- East Asia
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Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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