Industrial Robotics Market Recent Trends and Huge Business Opportunities by 2030

Industrial robotics is the use of robots in production and industrial processes to automate work, increase productivity, improve accuracy, and decrease the need for human labour across a range of industries. These robots are created and programmed primarily to carry out duties in manufacturing and production settings. Industrial robots have drastically changed how goods are created and have become an essential component of modern manufacturing.

According AMR The global industrial robotics market size was valued at $37.8 billion in 2020, and is expected to reach $116.8 billion by 2030, with a CAGR of 11.7% from 2021 to 2030.

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Drivers:
Industrial robots are used to automate repetitive and labor-intensive tasks, such as welding, painting, assembling, material handling, packaging, and quality inspection. This leads to increased efficiency, consistency, and reduced human error.

Robots are capable of performing tasks with high precision and accuracy, which is essential for tasks like microelectronics assembly, delicate surgical procedures, and intricate parts manufacturing.
Robots can perform tasks at a consistent speed, often faster than human workers, leading to increased production rates.

Industrial robots can be used in hazardous environments or for tasks that pose risks to human workers, such as working with toxic chemicals, extreme temperatures, or heavy machinery.

Many modern industrial robots are designed to be versatile and can be reprogrammed or reconfigured to perform different tasks. This adaptability is essential in industries where product lines change frequently.

Collaborative robots, or cobots, are designed to work alongside humans in a shared workspace. They are equipped with sensors and safety features that allow them to collaborate safely with human workers.

Robots can be used for tasks like quality inspection, where they can consistently and accurately detect defects or deviations in products.

Industrial robots equipped with sensors can collect data during production processes, allowing manufacturers to monitor performance, identify inefficiencies, and make informed decisions for process optimization.

Industrial robots are often integrated into broader smart manufacturing systems, where they communicate with other machines, devices, and software to optimize production and supply chain processes.

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The key factor accelerating the market for industrial robotics is a sudden spur in global industrial output. To emerge from a cyclical slump, the industrial robotics business requires some level of innovation, similar to the automobile or heavy engineering markets. . In addition, shift in political scenarios, such as in India, is expected to see an end to policy paralysis and a boost to industrial productivity, leading to a significant turnaround in the automobile industry as rise in automation in automobile industry will led to installation of industrial robots.

Increase in demand for automation along with reduction of duties on refurbished goods in Asia-Pacific fuels the market growth. In addition, cylindrical robots and other types of robots, such as customized and refurbished robots, are expected to grow at a significant pace in the future, due to the increase in demand in industrial sectors in Asia-Pacific.

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Major Players:
The major players profiled in the industrial robotics market include ABB, DAIHEN Corporation, Denso Corporation, Epson America, Inc., Fanuc Corporation, Kawasaki Heavy Industries Ltd., Kobe Steel, Ltd., Kuka AG, Mitsubishi Electric Corporation, and Yaskawa Electric Corporation. 

Regional Analysis:
Region wise, the industrial robotics market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Asia-Pacific was the highest contributor to the global industrial robotics market share, and LAMEA is anticipated to secure a leading position during the forecast period.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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