Global Inspection Robots Market to Grow at a CAGR of 16.68% by 2021
April 20, 2017 | Business WireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "Global Inspection Robots Market 2017-2021" report to their offering. The global inspection robots market to grow at a CAGR of 16.68% during the period 2017-2021.
The report, Global Inspection Robots Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
One trend in market is advances in robotic vision. Visual capability in modern robots has evolved from the earlier version of generic robots. The earlier robotic systems demanded customization as each part was expected to operate in an exact area at a particular time due to lack of robotic vision. However, with advances in technology cameras, sensors and software have enabled the robots to detect movement with precision.
According to the report, one driver in the market is focusing on positive cash-flow with time. Though robotic implementation entails a significantly high one-time investment, in the long run, businesses can generate positive cash flow and achieve a better return on investment (ROI) through this. With advanced capabilities, robots can help industries to minimize their labor cost and focus on achieving higher operational excellence. The semi-skilled labor shortage is becoming imminent with time, resulting in an increased cost of hiring, training and retaining such employees within the industry. Robots also help businesses to overcome this issue and achieve a higher profit margin during the lifecycle of a project.
Suggested Items
Altium to Unveil Groundbreaking Industry Solution at Electronica 2024
10/25/2024 | AltiumAltium, a global leader in electronics design and lifecycle management, is set to introduce three transformative product offerings at the upcoming Electronica 2024 conference in Munich, Germany.
2024 IPC CEMAC China Electronics Manufacturing Annual Conference Focuses on the Electronics Industry’s Future
10/24/2024 | IPCThe 2024 IPC CEMAC China Electronics Manufacturing Annual Conference, co-organized by IPC and the Shanghai Pudong New Area Quality Technology Association, kicked off with a grand opening ceremony in Shanghai. Themed "Making Your Imagination Reality," the event has brought together leaders, technical experts, and corporate representatives from the global electronics manufacturing industry to explore future trends and opportunities.
iNEMI Connector Footprint Tolerance End-of-Project Webinar
10/24/2024 | iNEMIiNEMI’s PCB Connector Footprint Tolerance Project investigated industry capability, risks and mitigation strategies associated with high-bandwidth I/O connector footprints.
Test Research, Inc. (TRI) to Exhibit at SMTA Space Coast Expo & Tech Forum 2024
10/24/2024 | Test Research Inc.Test Research, Inc. (TRI), the leading provider of test and inspection systems for the electronics manufacturing industry, will participate in the SMTA Space Coast Expo & Tech Forum 2024.
Highlights of the ICT 50th Anniversary Symposium
10/24/2024 | Pete Starkey, I-Connect007Why does it always rain when I attend these events? Temperatures were dropping, daylight was shrinking, and there were seasonal colour changes in wet hedgerows as I travelled to Gloucestershire for the 50th Anniversary Symposium of the Institute of Circuit Technology at Puckrup Hall near Tewkesbury in mid-October. It was a memorable occasion: Nostalgic for my contemporaries who remembered our industry at its most prosperous, technically outstanding in the quality and significance of presentations to an attentive audience of printed circuit professionals, and complemented by the sharing of ideas, information, and trade gossip within a friendly community at the evening gathering.