What’s driving the Industrial Robotics Market Trend?

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.

Growing trend of adoption of ‘lights out' production concept in modern manufacturing is expected to drive the industrial robotics market growth. In ‘lights out' production, the manufacturing activities are handled using automation. The companies are adopting the technology to reduce human involvement in the repetitive, uncreative & dangerous tasks, eliminate errors, and cut manufacturing costs. For instance, at Fanuc plant in Japan, only four workers supervise the production of industrial robots by industrial robots.

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Key Players Are:
• Fanuc Corporation
• Denso Corporation
• Kawasaki Heavy Industries Ltd
• Yamaha Motor Co
• KUKA AG
• Mitsubishi Electric Corporation

3 Industrial Robotics Industry Insights

3.1 Industry segmentation
3.2 Industry landscape, 2013 - 2024
3.2.1 Industry 4.0
3.3 Industry ecosystem analysis
3.3.1 Distribution channel analysis
3.3.2 Vendor matrix
3.3.3 Price trend analysis and cost structure breakdown
3.4 Technology & innovation landscape
3.4.1 Development of lightweight robots
3.4.2 Autonomous mobile dual arm robot
3.4.3 Vision guided robots
3.4.4 Cloud robotics and big data
3.4.5 Robot programming software
3.5 Regulatory landscape
3.5.1 RIA 15.06-2013
3.5.2 RoboLaw EU
3.5.3 Robotics and Safety regulations by Occupational Safety and Health Administration (OSHA)
3.5.4 EN ISO 13849-1 standard

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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.

Although, the technology performs tasks accurately, requires high degree of expertise and technical training for initial setup. The end-users require expertise and service package from the system manufacturers to ensure error-free setup. Furthermore, the performance of these systems highly depends on the performance of the surrounding systems such as conveyor systems, grippers, and vision systems. This is expected to hamper the industrial robotics market growth over the forecast timespan.

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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.

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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