By the end of 2022, the Industrial Robot Controllers Market is anticipated to reach more than US$ 909.9 million. The electronics and semiconductor industries in particular are benefiting from the growing trend of industrial automation for increasing productivity and reducing production time, which is encouraging market expansion.
Future Market Insights (FMI) predicts that demand in the global industrial robot controller market will soar at a robust CAGR of 8.9% from 2022 to 2029. According to FMI’s forecast, East Asia will represent more than half of all sales in the industrial robot controller market globally by 2022, making it the most lucrative region.
Between 2022 and 2029, South Asia & Pacific is expected to experience rapid growth.
According to the report’s findings, the use of Human device interaction (HMI), data & cloud capabilities that increase hardware control, and optimisation of industrial robot value would lead to a considerable growth in the worldwide commercial robot controller market throughout the forecast period.
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Market gains have further been underpinned by high growth in automotive and electronic & semiconductor industry- the two big demand generating sectors in in the industrial robotics landscape.
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.
Industrial Robot Controller Market by Category
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
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By Region:
· Americas
· EMEA
· South Asia & Pacific
· East Asia
The report highlights some of the prominent market players, who have established themselves as leaders in the global industrial robot controller market.
The global industrial robot controller market is significantly dominated by some players holding prominent shares of the market. Tier-1 players are joining forces with IoT platform based companies in order to achieve the ongoing trend of intelligent automation thereby gaining a competitive edge over its peers.
Production innovation and holistic developments will continue to be the key area of focus for manufacturers operating in the industrial robot controllers market, which is highly instrumental for their long-term growth.
In addition, strategic collaborations such as mergers and acquisitions will also be of high importance for the market players to sustain growth via shared resource pools and combined technical expertise.
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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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