Robot Teach Pendant Market Projected to Reach USD 246.8 Mn by 2025

Boonton, NJ -- (SBWire) -- 10/16/2018 --Global Robot Teach Pendant Market Analysis

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.

What is Robot Teach Pendant?

With growing integration of robotics and its role in digitization and automation, the scope of robotics teach 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 market is driven by the Asia Pacific region. Teach pendants consists of a controller which helps in remote access and does not require a fixed terminal.

Global Robot Teach Pendant Market Outlook

In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

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Increased adoption of 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 as a potential driver for the market. While factors such as cybersecurity risks and lack of skilled workforce to work in automated manufacturing units might hamper the overall market growth.

Verified Market Intelligence narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The "Global Robot Teach Pendant Market" is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.

Global Robot Teach Pendant Market Competitive Landscape

The "Global Robot Teach Pendant Market" study report will provide a valuable insight with an emphasis on 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 for 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. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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Global Robot Teach Pendant Market Segmentation, by Type

On the basis of Type, Global Robot Teach Pendant Market is categorized into:

Electric drive robots
Hydraulic drive robots
Pneumatic drive robots

Electric drive robots dominated the global market in 2017. However, the hydraulic robots segment is expected to grow at a CAGR over the forecast period.

Global Robot Teach Pendant Market Segmentation, by Application

On the basis of Application, Global Robot Teach Pendant Market is segmented into:

Material handling
Welding application
Painting application

The Material handling segment accounted for the major share of the market in the year 2017 and is projected to grow at a significant CAGR between 2018 and 2025.

Global Robot Teach Pendant Market Geographic Scope

North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia Pacific
Latin America
Brazil
Rest of the World

Table Of Content

1 Introduction Of The Global Robot Teach Pendant
2 Executive Summary
3 Research Methodology Of Verified Market Intelligence
4 The Global Robot Teach Pendant Outlook
5 The Global Robot Teach Pendant, By Systems
6 The Global Robot Teach Pendant, By Service
7 The Global Robot Teach Pendant, By Verticals
8 The Global Robot Teach Pendant, By Applications
9 The Global Robot Teach Pendant, By Geography
10 The Global Robot Teach Pendant Competitive Landscape

Reason to Buy

- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Robot Teach Pendant market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Robot Teach Pendant market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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