Analysis of Automatic Robotics Market applications and companies active in the industry
Further, rising need for research & development globally, wage inflation, push for sustainable process, technology upgradation in vehicle manufacturing companies, investment in new production facilities in emerging industries and lack of skilled labor in many industries will propel the industry size.
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The automatic robotics market is predicted to receive massive demand from food & beverage and electronics & electrical sector. Besides, precision based tasks including, human surgery and packaging is done well by robots.
Automatic robotics market has two types mobile and static which is divided into articulated, cartesian, cylindrical, SCARA and parallel. Mobile robotics industry will up surge in the coming decades owning to ease in its usage. Further, under the mobile segment, articulated automation market is estimated to account for largest industry share as it provides cost-effective solution for processes that require flexibility in terms of motion, payload capacities and working envelope. Rising demand for wide range of applications in different manufacturing companies is projected to drive the articulated robotics markets.
The product is used in primary (welding, painting, cutting) and secondary manufacturing process (material handling, palletizing & packaging and assembly & disassembly). North America led by the U.S., holds the largest share for automatic robotics due to government support and high R&D expenditure.
Asia Pacific dominated by China, is likely to witness highest growth due to rapid urbanization coupled with rising manufacturing activities in the region and numerous government initiatives. Improved employment outlook and macroeconomic indicators across the region bode well for the vehicle sales in years to come.
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The automatic robotics market is highly consolidated with many companies manufacturing worldwide. Some of the major industry participants are ABB Group, Fanuc Corporation, Denso Wave, Kawasaki Heavy Industries, Comau Spa, Nachi-Fujikoshi, Rockwell Automation, Seiko Epson, Yaskawa Electric, Kuka Ag, Durr, Harmonic Drive System, Omron, Panasonic Welding Systems, Siasun Robot & Automation, Yasakwa Electric, Kg Maschinenfabrik, Universal Robots, Rockwell Automation, Yamaha and Nabtesco Motion Control. A lot of innovation and technical improvement is being carried out by the players to improve product quality.
The automatic robotics market is foreseeing many merger and acquisitions recently. In June 2017, Panasonic Welding Systems announced the acquisition of all shares of Tera Diode, the U.S. based company, supplying high brightness direct diode lasers for industrial use. This acquisition will help the company to meet the industry needs quickly.
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