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MarketsandMarkets: Global Industrial Robotics Market Worth $32.8 Billion by 2017

June 19, 2012

DALLAS, June 19, 2012 /PRNewswire/ –

According to the market research report “Industrial Robotics Market – Global Forecast
& Analysis by Applications, Functions, Product & Geography (2012 – 2017)” published by
MarketsandMarkets (http://www.marketsandmarkets.com), the total industrial robotics market
is expected to reach $32.8 billion by 2017 at a CAGR of 5.0% from 2012 to 2017.

Browse 115 tables and in-depth TOC on “Industrial Robotics Market – Global Forecast &
Analysis by Applications, Functions, Product & Geography (2012 – 2017)”.

http://www.marketsandmarkets.com/Market-Reports/Industrial-Robotics-Market-643.html

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Over the last 50 years, industrial robotics’ applications have evolved from simple
tasks like “pick and place” to complex functions like welding, glass & metal precision
cutting, and assembling & dissembling. In terms of structure, industrial robots progressed
from cylindrical co-ordinate frame to flexible multi axis arms, which can function in
dynamic environment. Their dependence on human operators still needs innovations to
function independently. As the automation of manufacturing processes evolved, so did the
industrial robots.

Post 2000, due to increased globalization, drive of modernizing and automating the
manufacturing units began in almost all the major industries across the world. The growing
demand, competition, and pressure to increase productivity have forced the other
non-automotive industries to integrate industrial robotics into their manufacturing
facilities. Industrial robotics, being the next step of automation, had a smooth ride
during this period, and the global industrial robotics market
[http://www.marketsandmarkets.com/Market-Reports/Industrial-Robotics-Market-643.html ]
touched new highs in yearly shipments of robots.

Industrial robotics started its journey with automotive applications; but off late, it
has made its way into non-automotive industries’ manufacturing facilities as well. As the
employers struggle to find skilled people to fill positions, robots can help to shift the
human resources out of jobs that do not use their ability to the fullest. Industrial
robots have proven to deliver a host of benefits in a wide variety of applications like
welding & soldering, handling of materials and processing, assembling & disassembling,
dispensing and painting, cutting, milling and other processing, and the other functions.
The most articulated robots perform by storing a series of positions in memory, and moving
to them at various times in their programming sequence. Vision guidance (aka machine
vision) is bringing a lot of flexibility to robotic cells.

The misconception among employee unions of increasing unemployment with the
installation of industrial robotics in manufacturing facility is due to lack of awareness,
inaccurate cost justification given by management of companies, and constant additional
training costs.

Outside of Japan, Western Europe and North America, the robotics industry is at
fruitful ground for growth from 2012 onwards, led by growing economies like South Korea,
China, India, and Brazil.

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S.
We publish strategically analyzed market research reports and serve as a business
intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and
custom research services. MarketsandMarkets covers thirteen industry verticals; including
advanced materials, automation and process control [
http://www.marketsandmarkets.com/industrial-automation-market-research-110.html ],
automotives and transportation, banking and financial services, biotechnology, chemicals,
consumer goods, energy and power, food and beverages, industrial automation, medical
devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.

We at MarketsandMarkets are inspired to help our clients grow by providing apt
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our reports, please visit our website http://www.marketsandmarkets.com.

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Source: PR Newswire