ROBOT TEACH PENDANT MARKET ANALYSIS

Robot Teach Pendant MarketSize and Trends

The increasing R&D investment for the development of next generation robots become one of the key factor for the growth of robotic tech pendant market, globally. According to Coherent Market Insight analysis there was US$ 91.5 billion spending in robotic industry in 2016, up from US$ 71 billion and is forecasted to reach up to US$ 188 billion in 2020. Various R&D activities are trying to improve the technology in the robotics such as mechatronics, perception manipulation, navigation, gripping, and motion control. The second generation robots holds the technical capability of sensors and 3D- vision system which works with the integration of control system and intelligent algorithms with teach pendants which helps to identify the machine and human presence. For the next generation robotics the vendors are highly focused to improve the cognitive skills of robots with the help of control systems, sensors, high-power processors which helps robots to analyses the gathered information in real time entity and change its behavior accordingly. In addition to this, the increasing demand of non-automotive application and advancement of technology are also some of the major driving factors which increase the market of robot teach pendant globally.