LONDON--(BUSINESS WIRE)--The global robotics market in the semiconductor industry is expected to grow at a CAGR of close to 8% from 2017-2021, according to a new market research report by Technavio.
Global robotics market in the semiconductor industry segmentation by application and solution
Technavio’s report on the global robotics market in semiconductor industry analyses the business dimensions and presents a comprehensive breakdown in terms of market segmentation by application, including assembly line, material handling, welding, sealing and dispensing, inspection and testing, and machine tending. As projected in 2016, more than 30% of the market share originated from the assembly line.
Based on solution, the global robotics market in the semiconductor industry has been segmented into hardware, software, and service. As of 2016, more than 46% of the market share came from hardware.
“Robots used in the semiconductor industry are equipped with electronic and mechanical components to allow them to grip an object. These robots are designed to work with small and sensitive components and the hardware used in these robots is developed in a way to prevent the mishandling. Industrial robots are developed using various hardware such as robotic arm, sensors, controllers, and cables, which are flexible and simultaneously offer safety. Collaborative robots are widely used in the semiconductor industry as they are fast, flexible, precise, and safe when working in collaboration with industrial workers,” says Sushmit Chakraborty, a lead analyst at Technavio for robotics research.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Global robotics market in semiconductor industry: competitive vendor landscape
The global robotics market in the semiconductor industry contains a considerable number of regional and global vendors. The semiconductor industry has witnessed growth because of the increased demand for advanced equipment. The automotive industry has also witnessed the development of smart cars requiring sophisticated electronic and mechanical components. To develop advanced components and software-enabled micro and nanochips, the semiconductor industry is moving forward with the adoption of modern technologies and automation.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Other topics covered in the report:
Market drivers:
- Cost-effective flexible automation
- Speed and repeatability leading to higher adoption of industrial robots
Market challenges:
- Cost-intensive nature of robotic technology
- Unsuitability of industrial robots in damp environments
Market trends:
- Interconnected robots for semiconductor industrial automation
- Integration of small and precise robots in semiconductor industry
Get a sample copy of the global robotics market in the semiconductor industry report free of cost
Access Technavio’s continuously growing robotics research library and find expert analysis on hundreds of markets.
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
