A Detailed Analysis of Industrial Robotics Market
Introduction
Industrial Robotics market is projected to
grow from US$45.762 billion in 2019 to US$66.841 billion in 2025, at a CAGR of
6.52% during the forecast period. The industrial robotics market is growing due to the high adoption of automation solutions across end-user industries. Rising
labor costs and stringent regulations regarding workers' safety is driving the
industrial robotics market. Robotics applied in industries helps in making the
manufacturing and packaging more efficient by ensuring the quality of the
products, preventing defective products or damaged products from entering the
market, checking product safety, and
tracing the products. Manufacturers are influenced to use industrial robotics
because of the pressure of delivering and maximizing production in limited
time. The industry is getting robotics
for reducing time and money like by using laser cutting, laser welding
applications, sensor technology, and robotics arms for production.
The demand for industrial robotics solutions
is majorly affected by the surging usage of industrial robotics for tasks such
as sheet handling and welding in heavy industries which help in a reduction in
manufacturing cycle time and raw material wastage, thereby positively impacting
the demand for industrial robotics solutions. Increase advancement in software
technology, force/torque sensors, and end-efforts is making manufacturers
heavily automate these tasks using robots as they save money and complete the task in lesser time. Robots are usually controlled by humans. It provides more
ease in programming for a novice user and is far more affordable than
non-collaborative robots. Collaborative robots are designed to provide safety
so that there is no risk of injuries and damages. Robotics are majorly used in the
automotive industry but are nowadays being used heavily in other industries
like the electronic industry as there is more requirement for customization which
can be done by robots in an affordable way reducing cost and increasing profit
margin. Industrial Robotics Market Size
gradually increases by many folds in the coming years across the world due to
its rising applications across all the sectors of the market.
Segmentation
The Industrial Robotics market is segmented by type as cylindrical, SCARA, articulated,
Cartesian, and others. Segmentation on the basis of component is by Controller,
Robotic Arm, Drive Sensors, and others. Cylindrical robots are used in spot
welding, assembly operation, handling at machine tools, and handling at
diecasting machines. Placing and picking work is done by a Cartesian robot it
is used in assembly operations, handling machine tools, application of sealant,
and arc welding. Scara robots do have a similar application like a Cartesian
robot. An articulated robot has at least three rotary joints and is helpful in
controlling the tasks performed in the production process. The robotic arm is
programmable and functions similar to a human arm. It is forecasted that
robotics arms a major share in the industrial
robotics market in the forecast period as they are widely used in different
industry verticals owing to their structural and operational capabilities.
Segmentation by end-user is by automotive, manufacturing, food and beverage, chemical, consumer electronics, and others. The automation industry to be the largest end-user of industrial robotics due to the widespread utilization of robotics in manufacturing purposes in the assembly line and other manufacturing processes. It is used as it helps in improving quality and reduces warranty costs provides safety to workers and saves them from performing hazardous and difficult jobs. The food and beverage industry to witness growth in usage of the industrial robotics industry due to the rising demand for processed food and beverage products, especially in developing countries. Robot helps in preventing contamination of food and increasing efficiency in high output rate. Consumer electronics to see the fastest growth due to swelling demand for efficient electronic products, miniaturization of electrical and electronic equipment and the growing complexity of the manufacturing processes.
Industrial
Robotics Market analysis by geography
Regionally the industrial robotics market is
classified into North America, South America, Europe, the Middle East, and
Africa, and the Asia Pacific. North America is expected to lead the market due
to increasing modern manufacturing facilities for the production of higher
quality products at a faster speed ata lower cost. The high use of intelligent
software and hardware in the production industry is also a driving factor for the
industrial robotics market. Asia
Pacific to be the fastest-growing region because of rapid growth in demand
robotics in the automation sector. Especially in China as it is the largest
automotive industry in the world. Increasing manufacturing activities in
emerging economies such as China and India coupled with favorable government
initiatives will further propel the market growth in the coming years.
Key Questions Answered in This Report:
•
What are the key regions having a significant market share of the
market?
•
What are the drivers and restraints of the market?
•
Who are the key market players in the market?
•
What is the market segmentation of the Industrial Robotics Market?
•
Who are the end-users of the Industrial Robotics Market?
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