Press release
Robot Teach Pendant Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024
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The increasing R&D investment for the development of next generation robots become one of the key factor for the growth of robotic tech pendant market, globally. According to Coherent Market Insight analysis there was US$ 91.5 billion spending in robotic industry in 2016, up from US$ 71 billion and is forecasted to reach up to US$ 188 billion in 2020. Various R&D activities are trying to improve the technology in the robotics such as mechatronics, perception manipulation, navigation, gripping, and motion control. The second generation robots holds the technical capability of sensors and 3D- vision system which works with the integration of control system and intelligent algorithms with teach pendants which helps to identify the machine and human presence. For the next generation robotics the vendors are highly focused to improve the cognitive skills of robots with the help of control systems, sensors, high-power processors which helps robots to analyses the gathered information in real time entity and change its behavior accordingly. In addition to this, the increasing demand of non-automotive application and advancement of technology are also some of the major driving factors which increase the market of robot teach pendant globally.
The alternative programing method become one of the major threat which hinders the growth of the global robotic teach pendant market. The robotic programing method is done by three approaches - online programming method, simulation or offline programming method and lead through programming method. The online programming method adopts teach pendant is a time consuming method. So simulation or offline programming method is adopted by the end users.
Robot teach pendant Market Taxonomy
On the basis of deployment model, the global robot teach pendant market is classified into:
On–premises model
Cloud based model
On the basis of end users, the global robot teach pendant market is classified into:
Healthcare
Defense and security
Aerospace
Automotive
Electronics
Domestic
Others
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On the basis of application, the global robot teach pendant market is classified into:
Material handling
Welding application
Painting application
Material handling application holds the dominant position in the global robot teach pendant market and is projected to retain its dominance throughout the forecast period. This application is majorly influenced by increasing demand from various end users industries such as automotive, electronics and many more installing the automating process in there manufacturing units. The increasing demand to advanced product development and availability of less skilled labor majorly in developing countries such as China, India have increased the demand for 6robots as they have the capability to perform multiple tasks.
Robot teach pendant market Outlook – Asia Pacific holds the largest market of the global robot teach pendant market.
On the basis of geography, global robot teach pendant market is classified into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Asia Pacific holds the dominant position in the global robot teach pendant market and is projected to retain its dominance throughout the forecast period. The increasing automotive industry in India and China provides a major opportunity for the robot teach pendant market in this region. According to “Organisation Internationale des Constructeurs d'Automobiles” in 2016, China sold 28 million units of vehicles up from 24.7 million units in 2015.
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Key companies of the global robotic teach pendant market
ABB Ltd, Fanuc Corporation, KUKA AG, Omron Adept Technologies, Inc., Yaskawa Motoman, COMAU S.p.A., DENSO Robotics, Epson America, Inc., Festo, Intelitek, Mitsubishi Electric Corporation, Nachi Robotic Systems Inc, Stäubli International, Yamaha Robotics Inc. are some of major companies in the global robotic teach pendant market.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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