Press release
Industrial Robotics Market – Opportunities, Challenges, Future Plans, Global Trends, 2024
Fractovia.org
This enormous pace of automation has reportedly led to five human workers being replaced by a single robot during the time span of 1990 to 2007, something which explains the rise of industrial robotics market. Speaking in the similar context, the current global average of robot density in the manufacturing industries has reached 74 robot units per 10,000 employees, as per the figures published by a prominent non-profit organization, International Federation of Robotics. These figures go on to demonstrate the rising significance of industrial robotics market, which, as per reliable estimates, recorded a total remuneration portfolio of over USD 35 billion in the year 2016.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1729
Over the recent years, the leading industrial robotics industry players have been concentrating on releasing advanced robots in order to simplify the prevailing automation tasks. For instance, Mitsubishi Electric Corporation has recently unveiled its smart-control artificial intelligence technology that would enable industrial robots to seamlessly grasp the changing conditions of target objects in real time. Furthermore, the optimum control algorithms of the technology would deploy deep reinforcement learning which would assist these robots in adopting conventionally difficult industrial tasks. Apparently, the aforementioned incidence provides further validation to the fact that such innovative product launches would indeed augment the revenue share of industrial robotics industry over the estimated timeframe.
How industrial robots have influenced the manufacturing procedures in automotive sector
In an era, which has been witnessing striking advances in automation, robotics, and artificial intelligence, the global automotive industry has lauded and readily embraced the emergence of industrial robots. Numerous prominent automakers across the world have been preferring robotic intervention in their production and assembly lines over the conventional methodologies. Owing to the rapid adoption of these high-tech robots by car manufacturers to enhance efficiency and precision of the production lines, the global industrial robotics market is estimated to witness massive demand from the automotive industry. Over the past few decades, the wide-scale deployment of computer-assisted technologies has altered the manufacturing processes of the global automotive sector- a factor that has been instrumental in boosting the industrial robotics industry share.
It would be prudent to mention that the utilization of industrial robots has revamped the production and assembly lines making them more flexible, precise, and efficient. The growing prominence of industrial robots in the automotive domain can be comprehended by the statistics published by Robotics Industries Association. Apparently, the US-based trade group has claimed that the automotive players procured more than 50 percent of the total robots sold in the nation over the past few years. The aforementioned incidences validate the enhanced work output as compared to manual labor and underline the criticality of automotive sector as a significant customer of the industrial robotics market.
Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1729
In addition to the aforementioned aspects, a host of technological innovations to enhance the capabilities of collaborative robots, robotic hand, robotic vision, and robotic painting has further impelled the growth prospects of the industrial robotics industry. Encouraged by such progressive tech advancements many leading automakers are apparently transforming their manufacturing facilities by deploying pathbreaking robots. For instance, the US-headquartered electric vehicle manufacturer, Tesla Inc has been extensively installing industrial robots across its Nevada and Fremont production units to accelerate its production speed.
The robots utilized by Tesla are reportedly manufactured by renowned industrial robotics market behemoths, Fanuc Corporation and KUKA, and are used to perform perilous tasks such as lifting heavy chassis and delicately assembling battery trays. The firm has further installed new ramps to mount the robots over the production line, given that the entire manufacturing process would be managed and supervised by these robots. Needless to mention, the massive acceptance of robots by automotive industry would undeniably stimulate the growth potential of the overall industrial robotics market.
The competitive spectrum of industrial robotics market has been highly combative with numerous firms including Mitsubishi Electric Corporation, Fanuc Corporation, Denso Corporation, KUKA AG, Yamaha Motor Co., Ltd., and Kawasaki Heavy Industries Ltd making concerted efforts to overhaul their existing product spectrum. Apparently, the strategies adopted by these companies to meet the ever-increasing demand for product integration would be one of the pivotal factors that will drive industrial robotics industry share, which is forecast to exceed a total valuation of USD 80 billion by 2024.
Browse key industry insights spread across 262 pages with 337 market data tables & 38 figures & charts from the report “Industrial Robotics Market Size By Product (Articulated, SCARA, Gantry, Cartesian, Parallel, Cylindrical, Collaborative), By End-Use (Automotive, Metals & Machinery, Rubber & Plastics, Food & Beverage, Electrical & Electronics) Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, China, Japan, South Korea, India, Taiwan, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Landscape & Forecast, 2017 – 2024”in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/industrial-robotics-market
About Fractovia.org
Fractovia.org is one of India's leading in-house and free news portal. It is fully automated, and operates on a constant premise, interfacing with news sites and offering redesigned breaking features to readers across the globe. Our mission is to offer individuals opportunities for connections with news writers and distributors which they can pursue. We operate by mapping articles pertaining to breaking news, constantly and progressively, against a pre-determined word-based theme, offering important connections to readers and clients, as well as distributers.
Contact Us:
Arun Hegde
Corporate Sales, USA
Fractovia.org
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@fractovia.org
Website: https://www.fractovia.org
Blog: http://algosonline.com/technology
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Industrial Robotics Market – Opportunities, Challenges, Future Plans, Global Trends, 2024 here
News-ID: 976304 • Views: …
More Releases from fractovia.org
Non-alcoholic Beer Market Key Players are Heineken, Suntory, Bernard Family Brew …
Owing to a worldwide escalation in the preference for low liquor content beverages, the non-alcoholic beer market size has proliferated at an outstanding pace over the past decade. This has been complemented with the fact that the disposable incomes among the global middle-class population have shot up which has further provided a commendable boost to the overall non-alcoholic beer industry. The rising consolidation and maturation of this business space can…
Food Protein Ingredients Market key players are ADM, Cargill, DuPont, Bunge, Mea …
Food protein ingredients market has lately witnessed a profitable trajectory, pertaining to the changing relationship of consumers with food due to increasing urbanization and greater disposable incomes. Taking the rapidly increasing global populace into consideration, which incidentally according to the UN, will surpass 9.5 billion, it is rather obvious that consumption patterns will undergo an eventual change. With the changes that will follow in the dietary preferences, experts anticipate food…
Food Enzymes Market Trends 2018 with Key Players of this Industry are BASF, DSM, …
Danish food enzymes market major Chr. Hansen, has recently announced that it will be expanding its West Allis plant that produces enzymes that are freeze-dried and shipped all over the world. The enzymes go into yogurt, cheese, and other food, as well as in animal feed, baby formula, probiotic supplements, and natural dyes. Allegedly, this latest expansion by Hansen to increase the production capacity and add new capabilities to its…
Dental Osseointegration Implants Market Major Key Players are Zimmer Biomet, Str …
Having already experienced monetary returns from a slew of imperative collaborations since the last few years, osseointegration implants market has now observed yet another partnership that would help increase its overall remuneration. The reputed American producer of dental equipment consumables, Dentsply Sirona has recently announced a partnership with Zephyr Sleep Technologies.
Request for a sample of this research report @ https://www.fractovia.org/request-sample/642
This alliance has been apparently aimed at generating potentially new…
More Releases for Fractovia
Europe Residential Boiler Market Key Players are Daikin Europe, BDR Thermea Grou …
The shifting focus of European countries toward energy efficiency is certain to act as a driving force for Europe residential boiler industry. The increasing awareness about the adverse effects of fossil fuel consumption for energy generation has been encouraging most of the European countries to adopt zero emission energy facilities. In fact, several countries in EU have already been following established energy efficiency legislatives to promote the use of renewable…
Protein A Resins Market Trends 2018 & Top Key Players Thermo Fisher Scientific, …
The surging demand for protein A resins market is expected to evolve more over the coming years owing to the increasing research on monoclonal antibodies. With the rising prevalence of chronic diseases like rheumatoid arthritis, cancer, etc., the extensive use of monoclonal antibodies in these treatments, is growing rapidly. The Recent revolution in protein separation and purification techniques which include chromatography, precipitation, and filtration, is also expected to drive the…
Animal Diagnostics Market Prominent Key Players are IDEXX, Abaxis, Inc., Heska C …
Zoetis, acclaimed as one of the foremost firms operating in the global animal diagnostics market, in its recent announcement has unveiled that it will be purchasing Abaxis for USD 1.9 billion, as it looks to account for a major chunk of the fast-growing business of veterinary diagnostics services. The acquisition, according to reports is expected to help Zoetis lower its reliance on its vast animal dermatology business that is facing…
A Comprehensive Study exploring Healthcare Gamification Market | Key players Mic …
Healthcare gamification market, endorsed with a plethora of conventional and offbeat applications in the medical space, undoubtedly stands at a point where it is set to witness tremendous gains in terms of profitability and recognition in the coming years. In the face of stagnant healthcare budget, healthcare giants, of late have been constantly combating with severe pricing pressure, the prime factor that has driven gaming theory integration in the business…
Probiotics Market: Key Players are Nestlé, DuPont, Danone, Chr. Hansen Holding …
Most of the reputed biggies in probiotics market, in conjunction with renowned life science companies, have been making hefty investments in recent times to carry out innovative research activities in the domain of probiotics. One of the leading biotechnology companies, OptiBiotix for instance, recently signed an agreement with the IPA (International Probiotics Association) in order to share updates regarding any upcoming advances and new product developments in the field of…
Healthcare Revenue Cycle Management Market: Global Key Players are Allscripts, S …
Healthcare Revenue Cycle Management Market will grow considerably over the span of few years, owing to its extensive use in hospitals, private clinics, and diagnostics & ambulatory care centers. Growing trend towards value-based healthcare services along with a great need to lower billing errors will fuel the industry growth over the coming seven years. High benefits offered by healthcare revenue cycle management will further boost the business expansion. In addition…
