The increasing emphasis on improving the productivity of mass production lines, particularly in the manufacture of vehicles and electrical equipment, is a factor driving the Industrial Robotics Market's growth.
JERSEY CITY, N.J., Oct. 21, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Industrial Robotics Market" By Type (Traditional Industrial Robots, Collaborative Robots), By Industry (Automotive, Electrical And Electronics), and By Geography.
As per the deep research carried out by Verified Market Research, the global Industrial Robotics Market size was valued at USD 14.35 Billion in 2021 and is projected to reach USD 32.09 Billion by 2030, growing at a CAGR of 10.46% from 2022 to 2030.
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Browse in-depth TOC on "Industrial Robotics Market"
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Global Industrial Robotics Market Overview
Robot systems used in the manufacturing industry are known as industrial robots. These are automated, programmable, and have three or more axes of motion. It is defined as a programmable mechanical device used to perform dangerous or repetitive tasks with high accuracy on behalf of a person. They are specifically designed for welding, painting, pick and place, PCB mounting and mounting, packaging and labelling, palletizing, product inspection, and manufacturing testing. Cost savings, faster operating speeds, smaller sizes, improved quality, and increased manufacturing efficiency and flexibility are all advantages of industrial robots. The market is expected to benefit from increased awareness of the benefits they provide.
The primary factor driving market growth is the ongoing transition from manual to automated processes, which has increased demand for these robots. The synchronisation of management, production, and control is critical to the efficient operation of industrial workflows. Industrial robots are becoming more important because they facilitate processes and improve workflow accuracy and efficiency. The emergence of small businesses, increased investment in automation, and strict government regulations on handling dangerous chemicals and products are driving up demand for these robots. Similarly, industrial robots assist in the lifting of heavy payloads during the manufacturing of automobiles and machine customization. The emergence of smart factories expands the market's potential.
Key Developments
- In January 2021, OMRON Corporation announced the launch of a new industrial robot, the i4 series SCARA robot. The robot is equipped with a high-speed automatic high, precision assembly that is easy to install and transport. These i4 series robots have a compact design suitable for lightweight applications.
- In February 2021, Kawasaki Heavy Industries, Ltd. The company said it had completed the installation of a domestic automated polymerase chain reaction (PCR) test system in Japan that operates Kawasaki robots at Fujita Medical University in Aichi Prefecture.
- In April 2021, Kuka AG announced the first appearance of the new operating system iiQKA.OS, which significantly simplifies the use of robots. This new operating system forms the entire ecosystem's foundation and offers a powerful selection of programs, components, apps, devices, and services.
Key Players
The major players in the market are ABB Ltd., DENSO CORPORATION, FANUC Corporation, Kawasaki Heavy Industries Ltd, KUKA AG, Mitsubishi Electric Corp., NACHI-FUJIKOSHI CORP., Seiko Epson Corporation, Stäubli International AG and Yaskawa Electric Corporation.
Verified Market Research has segmented the Global Industrial Robotics Market On the basis of Type, Industry, and Geography.
- Industrial Robotics Market, By Type
- Traditional Industrial Robots
- Collaborative Robots
- Industrial Robotics Market, By Industry
- Automotive
- Electrical And Electronics
- Plastics, Rubber, And ChemicalsMetals And Machinery
- Food And Beverages
- Others
- Industrial Robotics Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
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6 Major Types Of Industrial Robots engineered to offer limitless possibilities
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