(Telecom-NewsWire.Net, October 11, 2018 ) At Verified Market Intelligence, we provide a market study that encompasses both qualitative and quantitative assessments of the latest trends for the market segmentations classified by our analysts. According to Verified Market Intelligence, the Global Robot Teach Pendant Market was valued at USD 145.1 million in 2017 and is projected to reach USD 246.8 million by 2025, growing at a CAGR of 6.9% from 2018 to 2025.
With growing integration of robotics and its role in digitization and automation, the scope of robotics teaches pendant has been growing lately. There are various types of robotics used in the digital marketplace. Teach pendants is used to program the industrial robotic models in order to make them familiar to the technicians. Robot teach pendants are driven by the Asia Pacific region. Teach pendants consists of a controller which helps in remote access and does not require a fixed terminal.
Increased adoption of the industrial internet of things (IIoT) for the integration of digitization and robotic programming has been booming in the global robot teach pendant market. Along with this, adoption of Co-bots also behaves like a potential driver for the market. While these characteristics have been driving the market, there are certain aspects such as cyber security risks might hamper the overall market growth.
The “Global Robot Teach Pendant Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as ABB, Fanuc Corporation, Yaskawa Motoman, Kuka, Denso Robotics, Festo, Intelitek, Nachi Robotic Systems, Seiko Epson Corporation, Yamaha Corporation, and Omron Adept Technologies. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
As a part of market estimation, the study also comprises a list of tables and figures for the “Global Robot Teach Pendant Market” which focuses on a constructive knowledge essential for the companies or individuals interested in the market study report. As a part of market segmentation, our study exhibits a market analysis on the basis of type, industry application and geography.
On the basis of type, the Global Robot Teach Pendant Market can be categorized into two sections; type and application. This market study analyses the industry for the Robot Teach Pendant market based on these divisions. The Robot Teach Pendant market types are divided into electric drive robots, hydraulic drive robots, and pneumatic drive robots. The industry is then sectioned by the application which includes material handling and welding application. In terms of geography, Asia Pacific accounts for the fastest growing market due to the presence of numerous developing countries in this region along with their emerging markets. The Chinese market has a major share in this region.
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