Industrial Robotics Market Analysis, Share, Growth, Research Report & Forecast, 2017 – 2024: Global Market Insights Inc.

Industrial Robotics Market analysis is covered in this latest research report that aims to help those taking daily business decisions by providing market trends information, competitive landscape scenario, forecasts and more. Benefits such as improved productivity, cost reduction, and demand from emerging countries are expected to drive the industrial robotics market over the forecast time frame.

It is also due to the intricacy of engineering processes, increase in the productivity of high volume manufacturing lines such as manufacturing of vehicles & electronic devices that perform compound tasks, and the need to meet the customer requirements which will drive the industrial robotics market growth.

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Industries which are executing the robotic skills are gathering massive financial benefits due to the increasing flexibility, productivity, waste reduction, and reduced overheads. The introduction of advanced tools and self-programming robots are projected to drive the demand for industrial robotics market in the coming years. Moreover, robots with integrated touch and vision are coming in the industry fueling the demand.

Use of labor has been replaced with self-programming robots owing to cost-effectiveness and efficiency due to their capacity to understand the environmental changes through the addition of advanced sensors. The increase in measures owing to the safety rights of labor is also expected to expand the industrial robotics market growth.

Based on its product type, the industrial robotics market can be segmented into articulated, cartesian, cylindrical, SCARA, parallel, and linear robots. Articulated robots accounted for a majority of the market share. This is because of the operational & structural competencies of the articulated arm and these are widely used in the electrical & electronics and automotive industry.

The cost-effectiveness, reliability, scalability, and sensitivity provided by the MEMS sensor technology has given multiple opportunities for sensor applications in the industrial robotics market. Moreover, the inertial and pressure sensors such as accelerometers and gyroscopes are the most projecting types of MEMS sensor technology used in the industry. As this sensor technology helps robots gain sensual information to make decisions and perform the actions in an independent and versatile manner, thereby influencing the overall demand.

Industrial robotics market based on end user includes electrical & electronics manufacturing, food & beverage, machinery, metal, chemical & plastics, and rubber industry. Electrical & electronics manufacturing vertical has contributed significantly to the overall rise in the revenue. The rising demand for automating production and new electronic products in developing countries were the driving factors for the boost in industrial robotics market sale. According to an IFR (International Federation of Robotics) report in 2016, the sale of industrial robots to the electrical & electronics industry such as radio, computers, TVs among others were significantly up in 2015 by 41% thus establishing a new peak.

The U.S., Japan, China, Germany, and South Korea are the major appealing regions in the industrial robotics market. As per the 2016 IFR report statistics, Japan is the top market for industrial robotics, which is followed by China. The major driver for the Asia Pacific industrial robotics market growth is the demand from SMEs in Japan, India, South Korea, and China. In India, the growth in investments is boosting the manufacturing market under the project of ‘Make in India’.

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An increase in demand from the Australian automotive industry is projected to have an effective impact on the industry growth. A strong focus on developing manufacturing techniques alongside revolutionizing factories to improve productivity is one of the aspects which is responsible for robotic installations in countries such as Brazil and the U.S. The key industry players operating in the industrial robotics market are KUKA AG, FANUC Corp, ABB Ltd, Denso Corporation, ESPON Electronics, Mitsubishi Electric, Yaskawa Electric, Kawasaki, Yamaha, Panasonic, and Toshiba.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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