The industrial robotics market is garnering substantial traction, mainly due to the rapid industrialization across the globe. Besides, the market growth mainly attributes to the rising demand for automated, programmable machines to reduce the tiring efforts of producing & manufacturing consumer goods. Moreover, rising uptake of articulated, SCARA, and Cartesian robots across the rapidly growing industries escalate market growth. According to Market Research Future (MRFR), the Industrial Robots Market valuation is projected to reach USD 81 BN by 2022, growing at approximately14% CAGR throughout the review period (2016 – 2022). The COVID 19 pandemic has accelerated the digital transformation, promoting social distancing. The epidemic has also fostered automation in distinct technology areas, increasing uses of technologies such as 5G, cloud/edge, and artificial intelligence.
Additionally, the high demand for robotics, especially in
manufacturing sectors, and growing investments in the automotive industry,
boost the growth of the market. Also, growing technological advances and
adoption of robotics in small & medium size organizations accelerate market
growth. Furthermore, the advantages of articulated robots, such as the reduced
overall production cost, substantiate the size of the market.
Conversely, high initial costs and complexities involved in
the development and installation of industrial robots are major factors
anticipated to impede market growth. Nevertheless, the industrial revolution
4.0 would support market growth throughout the review period, creating a
substantial demand for automation across industries such as automotive,
aerospace, pharmaceuticals, and electronics.
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Industrial Robotics Market - Competitive
Landscape
Highly competitive, the industrial robotics market appears
fragmented due to the presence of several well-established players. To gain a
larger competitive share, players incorporate strategic initiatives such as
collaborations, mergers & acquisitions, expansion, and product/ technology
launch. They make substantial investments in new product developments and
geographical expansion. Industrial robotics market trends include relentless
innovations and new products, resulting in intense competition among
manufacturers.
Major Players:
Players leading the global industrial robotics market are
Denso Corporation (Japan), ABB Ltd. (Switzerland), Kuka AG (Germany), Bosch
GmbH (Germany), Kawasaki Heavy Industries Ltd. (Japan), Yaskawa Electric
Corporation (Japan), Mitsubishi Electric Corporation (Japan), Fanuc Corporation
(Japan), Toshiba Corporation (Japan), and Rockwell Automation, Inc. (US), among
others.
Global Industrial Robotics Market -
Segments
The report is segmented into four dynamics;
By Types: Cartesian,
Articulated, SCARA, Delta, Redundant, 6-Axis Robots, Dual-Arm & Parallel
Robotics, and others.
By Application:
Welding, Material Handling, Assembling, Painting, Palletizing, and others.
By End-Users :
Electronics, Automotive, Rubber & Plastic, Food & Beverage, Entertainment,
Pharmaceuticals, and others.
By Regions: Asia
Pacific, Americas, Europe, and Rest-of-the-World.
Global Industrial Robotics Market -
Regional Analysis
The Asia Pacific region dominates the global industrial
robotics market. The market growth attributes to the strong presence of
several notable players and well-established development centers, allowing
advances in robotics and the early uptake. Besides, the growing
industrialization and production drive the growth of the market. Moreover,
rapid economic growth and increased R&D activities increase the size of the
market.
Japan is the leading market of industrial robotics, followed
by China and India, respectively. With its vast investments in the development
of articulated robotics and the manufacturing processes, India demonstrates the
maximum potential to grow during the assessment period. Furthermore, the rising
demand for new autonomous technology from the burgeoning automotive and
aircraft sectors fosters the growth of the regional market.
Europe, with more than 50% of industries, stands second in the
global industrial robotics market. Maximum industries in the region have
implemented robotics technology to operate their activities. The market growth
is driven by the strong presence of auto manufacturers and the need for
automated vehicle manufacturing processes. Additionally, increasing R&D
activities to develop robotics, act as major tailwinds for the market growth in
the region. Germany, heading with both flourishing industries and the availability
of futuristic technologies, lead the regional market.
North America also shows substantial growth in the industrial
robotics market. Factors such as the increasing development in automation and
the high adoption of automation in production units substantiate market growth.
Furthermore, the growing demand for industrial robotics from burgeoning
industries in the region propels the growth of the market. Moreover, the
increasing focus on enhancing communication capabilities, especially for the
defense sector in the region, pushes the industrial robotics market size.
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Industry/ Innovation/ Related News
October 02, 2020 ----- ABB
(Switzerland), a multinational corporation automation company, announced the
acquisition of Codian Robotics B.V. (Netherlands), a leading provider of delta
robots, to enhance its portfolio of high-speed industrial robots. Codian
Robotics offers delta robots primarily for high-precision pick and place
applications, including a hygienic design line, ideal for hygiene-sensitive
industries like food & beverage and pharmaceuticals.
With the transaction, ABB is accelerating its engagement in
the growing field of delta robots. The acquisition signed and closed on October
1, 2020, underscores ABB’s focus on breakthrough technology, helping customers
with automation and increases their flexibility in a rapidly changing business
landscape. Codian’s Robotics and industry expertise are the perfect addition to
ABB’s suite of F&B, pharmaceutical, service robotics, and logistics
solutions, supporting its machine-centric robotics offering.
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