The Industrial Robotics Market size was valued at USD 18.91 billion in 2022 and is projected to reach USD 60.05 billion by 2030, growing at a CAGR of 13.7% from 2022 to 2030.
Market Overview:
The Industrial Robotics Market size was valued at USD 18.91 billion in 2022 and is projected to reach USD 60.05 billion by 2030, growing at a CAGR of 13.7% from 2022 to 2030.
The Industrial Robotics Market is witnessing remarkable growth and innovation in recent years, transforming manufacturing and automation across various industries. Industrial robots are autonomous or semi-autonomous machines designed to perform tasks with precision and efficiency, offering benefits such as increased productivity, reduced labor costs, improved product quality, and enhanced workplace safety. These robots are employed in sectors ranging from automotive and electronics to healthcare and logistics, making them a crucial element of the modern industrial landscape.
Top Key Players for Electric Vehicle TIC (Testing, Inspection and Certification) Market:
ABB(Switzerland), Comau (Italy), Denso Robotics (US), Fanuc (Japan), Kuka (Germany), Mitsubishi (Japan), Omron (Japan), Staubli (Switzerland), Universal Robots (Denmark), Yaskawa Electric Corporation (Japan), Epson (US), Nachi-Fujikoshi (Japan), Adept Technology (US), TM Robotics (UK), Siasun (China), EFORT Robot (China), Hiwin (Taiwan), Robotiq (Canada), Aethon (US), Grey Orange (INDIA), Agility Robotics (US), Boston Dynamics (US), Anybots (US) and Other Major Players.
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Market Dynamics and Factors for Industrial Robotics Market:
Market Driver:
One of the primary drivers behind the growth of the Industrial Robotics Market is the increasing need for improved productivity and operational efficiency. Manufacturers are under constant pressure to meet rising demands while maintaining high-quality standards. Industrial robots offer a solution by automating repetitive and labor-intensive tasks, resulting in enhanced production output and cost savings. This driver compels industries to invest in robotics to stay competitive and meet evolving market demands.
Market Opportunity:
A significant opportunity within the Industrial Robotics Market lies in the expansion of collaborative robotics or "cobots." These are robots designed to work alongside human workers, providing assistance in tasks that require precision, strength, or agility. The opportunity here is to continue developing and integrating cobots into various industries, especially in small and medium-sized enterprises (SMEs) that may have previously found traditional industrial robots too expensive or complex. The ease of collaboration between humans and robots can drive productivity improvements and safety enhancements in a wide range of applications.
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Segmentation of The Industrial Robotics Market
By Type
By Application
By Function
Industrial Robotics Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast Period. The North American industrial robotics market is characterized by a strong emphasis on automation across industries such as automotive, electronics, and manufacturing. The presence of technologically advanced countries like the United States and Canada has driven significant growth in the adoption of industrial robots. Collaborative robots have gained traction in this region due to their versatility and ability to work alongside humans safely.
By Region
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Key Industry Developments in the Industrial Robotics Market
In February 2021, ABB launches next-generation coots to unlock automation for new sectors and first-time users ABB is expanding its collaborative robot (cobot) portfolio with the new GoFa™ and SWIFTI™ cobot families, offering higher payloads and speeds, to complement YuMi® and Single Arm YuMi® in ABB’s cobot line-up. These stronger, faster, and more capable cobots will accelerate the company’s expansion in high-growth segments including electronics, healthcare, consumer goods, logistics, and food and beverage, amongst others, meeting the growing demand for automation across multiple industries.
IN May 2022, CONTINENTAL AND TÜV SÜD Continental, a pioneering technology company, and TÜV SÜD, a global leader in safety and sustainability solutions, joined forces in a momentous partnership aimed at ensuring the safe deployment of Autonomous Mobile Robots (AMRs) in public spaces.
Essential points covered in Industrial Robotics Market report are: -
Table of Content:
MARKET SEGMENTATION
EXECUTIVE SUMMARY
MARKET OVERVIEW
GROWTH OPPORTUNITIES BY SEGMENT
MARKET LANDSCAPE
PORTER’S FIVE FORCES ANALYSIS
INDUSTRY VALUE CHAIN ANALYSIS
MARKET DYNAMICS
MARKET TREND ANALYSIS
REGULATORY LANDSCAPE
PESTLE ANALYSIS
PRICE TREND ANALYSIS
PATENT ANALYSIS
TECHNOLOGY EVALUATION
ANALYSIS OF THE IMPACT OF COVID-19
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Nov 09, 2023
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