Research Industrial Robotics Market Growth and Segments | Page 4

Industrial Robotics Market
 The new technological developments are making manufacturingindustry smarter in terms of efficiency
with minimizing defect, waste and downtime. In order to overcome the limitations of traditional
labour work in industries and enhance the capability of operators, industrial robotics has been
evolved. Installation of industrial robots also helps to gain competitive advantage by making business
process more dynamic. As defined by ISO 8373 standards the industrial robot is “an automatically
controlled, reprogrammable, multipurpose manipulator programmable in three or more axes”. Today,
the Industrial robots are increasingly being installed in various industry such as food and packaging,
automobile, electronics etc.
 The global industrial robotics market is experiencing the robust growth with numerous untapped
opportunity. In 2013, the global industrial robotics market registered around 12% to 15% year on year
growth which is expected to grow at same pace for the forecast period. The factors driving the growth
of global industrial robotics market are growing automation to meet production demand, need for
meeting the technology standard set by government and industry associations and, increasing
production capacity to anticipate the future demand. The use of industrial robotics helps to achieve
automation in manufacturing process which is the major trend in global industrial robotics market.
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