According to the Global Robotics Market 2015-2019 research report, APAC has emerged as the new frontier in the industrial robotics space. The economic boom in this region has paved the way for growth in industrialization and manufacturing.

An increase in per capita income and individual purchasing capacity has generated demand for high-quality consumer goods. Industrial robots have assumed the role of the new skilled laborer, driven by their precision in executing functions such as welding, cutting, and assembly.

The Global Robotics Market 2015-2019 research report mentions companies like ABB, Fanuc, KUKA, Yaskawa Electric, Adept, Honda, Intuitive Surgical, iRobot, Kawasaki, and Epson Robotics in its latest market analysis. The report says that world robotics market growing at 29.11% CAGR to 2019.

Further, the report states that the lack of effective product differentiation is one of the challenges for the global service robotics market. Industries worldwide are demanding better precision and efficiency in order to meet the growing end-user demand.

This has led to high demand for machines that are capable of increasing industrial efficiency by handling multiple tasks while remaining uncompromising on overall accuracy. This report covers the present scenario and growth prospects of the global robotics market for the period 2015-2019.

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