At a CAGR of 7.03%, Global Robot Controllers Market to grow over 2016-2020

Albany, NY, Dec 21: Robots are critical components in the fourth industrial revolution. The widespread use of industrial robots and robot controllers is expected to reduce the total cost of labor in the manufacturing industry by at least 15% globally by 2025. The output in terms of labor and productivity can improve by a minimum of 20%. The International Federation of Robotics estimates that as many as 1.3 million industrial robots are likely to be installed globally between 2015 and 2018.

The global robot controllers market to grow at a CAGR of 7.03% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global robot controllers market for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the top five vendors operating in the market.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

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Technavio's report, Global Robot Controllers Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- ABB
- FANUC
- KUKA
- Yaskawa Electric

Other prominent vendors
- Alfa Robot
- Arburg
- Engel
- Epson Robots
- Hans Hundegger
- Harmo
- iRobot
- Kawasaki Heavy Industries
- NACHI-FUJIKOSHI
- Omron Adept Technologies
- Sepro Group
- Stubli Robotics
- TecnoMatic Robots
- WITTMANN
- Yamaha Robotics

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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