Press release
Industrial Robotics Market Precise Scenario Covering Trends, Opportunities and Growth Analysis Forecast to 2024 For Players: ABB, FANUC America Corporation, Yaskawa Electric Corporation, Kawasaki Heavy Industries & Mitsubishi Electric Automation, Inc.
An industrial robot is an automatically controlled, reprogrammable, multipurpose manipulator programmable in three or more axes, which may be either mobile or fixed used for industrial automation applications. Industrial robots are designed to move materials and perform varied programmed tasks in manufacturing industry.
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Based on geography, Asia-Pacific (APAC) held the largest share in the industrial robotics market and is expected to continue to hold the largest share during the forecast period. This can be attributed to increasing adoption of industrial robots by small and medium scale manufacturers in the region.
Based on payload, industrial robotics market has been classified into small-medium payloads, large payloads, and extra-large payloads. Of these, small-medium payload robots are used in assembling watches or cameras, while large payload robots are used in automotive, transportation, and other heavy industries for material handling.
One of the key opportunities in the industrial robotics market is the use of artificial intelligence (AI) to improve productivity and accuracy through predictive maintenance. Applying AI to industrial robots create opportunities for manufacturers in order to maximize productivity and efficiency.
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Some of the other key players operating in the industrial robotics market include ABB Ltd., FANUC Corporation, Yaskawa Electric Corporation, Kawasaki Heavy Industries Ltd., Mitsubishi Electric Corporation, Panasonic Welding Systems Co. Ltd., Toshiba Machine Co. ltd., and OMRON Corporation.
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