SCARA Market to Show 4% CAGR Through 2016
According to research firm TechNavio, the global market for selective compliance assembly robot arm (SCARA) robots will grow at a compound annual growth rate (CAGR) of 4.15% through 2016.
The report, "Global SCARA Robot Market 2012-2016," attributes much of the growth to the increased adoption of the technology in the assembly process. The emergence of next-generation SCARA is also contributing to the growth. It adds that the biggest challenge to market growth is the increasing threat of cross-industry vendors.
Analysts from TechNavio observed that several market vendors are developing advanced robotic systems with improved features and functionalities to stave off competition. This strategy will help them solidify their position in the market and create a competitive edge. As part of the strategy, the market vendors are researching on developing independent robotic systems with artificial intelligence. Such advanced robots can help improve their efficiency and decrease production errors. Complementing this trend are technological advances in the market, such as the emergence of beltless and ceiling-mounted SCARA robots.
According to the report, optimal use of SCARA in industrial assembly processes can help enhance the efficiency and productivity of manufacturing operations. Hence, the global SCARA robot market is witnessing many growth drivers, such as the need for increased productivity and the growing need to minimize labor costs.