Industrial Robotics Market Growth Potential with Leading Companies ABB, DENSO, Epson America Inc., Kawasaki Heavy Industries, Ltd., Panasonic Welding Systems Co. Ltd., Universal Robots A/S and Yamaha Motor Co., Ltd.

Industrial Robotics Market is expected to grow at a significant pace, owing to the continuing trend of automation across several end-use industries. Robots are being increasingly adopted by the companies to perform repetitive or risky tasks such as deburring, grinding, part inspections, and bin-picking. Automation through this equipment enhance efficiency of several processes ranging from raw material handling to the packaging of the finished product. The adoption of this technology across industries has enabled the companies to increase competitiveness based on price, offerings, and business reach, thus propelling the industrial robotics market growth.

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The competitive spectrum of industrial robotics market has been highly combative with numerous firms including ABB, DENSO, Epson America Inc., FANUC CORPORATION, Kawasaki Heavy Industries, Ltd., KUKA AG, Mitsubishi Electric US, Inc., Nachi-Fujikoshi, OTC DAIHEN, Inc., Panasonic Welding Systems Co. Ltd., Rethink Robotics, Stäubli AG, Universal Robots A/S, Yamaha Motor Co., Ltd., Yaskawa Electric Corporation making concerted efforts to overhaul their existing product spectrum.

Increasing advancements in technologies such as software development, computing power, and networking have reduced the cost of installing, assembling, and maintaining robots, thus providing growth opportunities to the industrial robotics market. For instance, traditionally, components such as sensors and actuators had to be connected individually to the controllers using terminal racks, junction boxes, and connectors. However, with advancements in plug-and-play technologies, the components can be connected to the controller by simple network wiring.

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Industrial robotics market is projected to witness surge in demand from the automotive industry, owing to the increasing adoption by the car manufacturers to improve precision and efficiency of the production lines. According to the Robotics Industry Association, more than 50% purchases of robots in North America in recent years are made by the automotive industries. Technological advancements such as robotic vision, collaborative robots, and robotic hand are encouraging more automakers to implement the technology in their production plants, thus positively impacting the industrial robotics market growth.

The articulated segment of the industrial robotics market has significant penetration, owing to the high degree of versatility offered by these systems. These robots have higher degree of freedom than other systems, that makes these systems usable in several tasks including welding, dispensing, material handling, and material removal. The prices of these systems are expected to witness fall over the next seven years, owing to the longevity and popularity.

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Growing need for automation in manufacturing pharmaceutical units has led to the growth of the Japan industrial robotics market. The units are used for easy and quick accomplishment of medical tasks. Companies in Japan are increasingly using collaborative robots such as UR3 ROBOT by Universal Robots A/S, which are assisting the workers in injection molding, conducting lab analysis, and picking & placing drugs.

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