Automotive Industry Application Segment to Dominate Industrial Controls and Robotics Market

A recently released report by Transparency Market Research (TMR) forecasts that the global industrial controls and robotics market will develop at a CAGR of 5.6% between 2013 and 2019. TMR, a market intelligence firm in its report states that by 2019, the global industrial controls and robotics market will reach US$147.7 billion from US$102.02 billion in 2012. The report titled ‘Industrial Controls and Robotics Market - Global Industry Size, Market Share, Trends, Analysis and Forecast 2013 - 2019’ is available for sale on the company website. According to this report, factors such as greater need for turnaround time and increased performance of hazardous tasks with no manual involvement drive the global market for industrial controls and robotics. Greater productivity, coupled with reduced variable costs, is another key factor that drives the demand for industrial controls and robotics. Different types of instrumentation and automation equipment form integral parts of the industrial controls and robotics system.

Browse the Full Industrial Controls and Robotics Market Report at:
http://www.transparencymarketresearch.com/industrial-robotics-market.html

The primary aim of industrial controls and robotics is to control and monitor the complex processes in industries. With surging demand for high quality products and greater preference for high reliability in large scale production processes is expected to boost the global industrial controls and robotics market during the forecast period. This market research report segments the global industrial controls and robotics market on the basis of product type, technology, application, and geography. On the basis of type of product, this market is categorized into manufacturing execution systems, field devices, and industrial control systems. Based on technology, the global industrial controls and robotics market is segmented into programmable logic control systems, manufacturing execution systems (MES), machine vision...