By the end of 2022, the global industrial robot controller market is expected to exceed US$ 909.9 Mn. The growing trend of industrial automation for increasing productivity and decreasing production time, particularly in the electronics and semiconductor industries, is favoring market growth.
According to Future Market Insights (FMI), the global industrial robot controller market is expected to grow at an 8.9 percent CAGR between 2022 and 2029.
According to FMI, East Asia will be the most profitable region in the global industrial robot controller market, accounting for more than half of total sales by 2022. South Asia and the Pacific are expected to grow rapidly between 2022 and 2029.
Between 2014 and 2021, the global industrial robot controller market grew at a remarkable 9.1 percent CAGR. Industrial robot controller sales are expected to increase by 1.99x between 2022 and 2029.
Robot controllers are commonly referred to as robot brains. They are computer systems that regulate the movement of industrial robotic arms and are in charge of preventing interference within robotic work areas.
As a result, increasing demand for devices to control robots across industries and enable them to perform assigned tasks is facilitating the market growth.
However, restrictions imposed on movement and industrial manufacturing activities during the COVID-19 outbreak in 2020 had hampered the overall growth of the market. However, activities recovered since 2021 following the global vaccinationrolloutt. Driven by this, the sales in the global industrial robot controller market are projected to accelerate at a CAGR of 8.9% over the forecast period 2022-2029.
Robotics is playing an integral part in transforming the ways industries work conventionally. With the trend of industry 4.0 creating deeper inroads across the industrial sector, automation and robotics are gaining massive popularity across the globe.
Increasing deployment of advanced robots for automating manufacturing processes such as assembling, painting, welding, and lifting among others by industrial players is anticipated to favor growth in the market.
Also, various automotive manufacturers are increasingly investing in advanced robotic technologies for accelerating their production process along with decreasing human intervention for reducing errors. For instance, BMW I Ventures announced investing in a leading provider of vision software for logistics robots, Plus One Robotics, to automate the vehicle supply chain and logistics in April 2021.
- Stäubli International AG
- Mitsubishi Electric Corporation
- OMRON Corporation
- DENSO Wave Incorporated
- SEPRO Group
- Pilz GmbH & Co. KG
- Motion Controls Robotics Inc.
- NexCOM Inc.
- Wynright Corporation
- KUKA AG
- Yaskawa Electric Corporation,
- YAMAHA Robots
- FANUC CORPORATION
- Toshiba Machine Co. Ltd.,