Industrial Robotics Market: Introduction
Industrial robots have a vital role to play in automation of industries, as several key operations are taken care of by industrial robots in several industries. Economic development in various countries offers promising growth opportunities to the global industrial robotics market. Rapid expansion of e-Commerce activities coupled with phenomenal growth of automotive and electronics industries is an added impetus to the global industrial robotics market.
Some of the renowned market players analyzed in the report on the global industrial robotics market are Yaskawa Motoman Robotics, Kawasaki Heavy Industries, Denso Corporation, Toshiba Machine Co., Ltd., Fanuc Robotics, and KUKA Robotics. The global industrial robotics market is projected to reach US$ 297 Bn by 2027. The market is likely to grow at a CAGR of ~9% from 2019 to 2027.
Request A Sample Copy Of The Report https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3187
Growing Demand for Collaborative Robot to Drive Industrial Robotics Market
Collaborative robots are built to work alongside human beings through interaction in a shared workspace. Collaborative robots have the ability to automate the work easily and hence, are used in variety of applications such as packaging, pick and place, screw driving, assembly, lab testing, and quality inspection. Furthermore, collaborative robots help companies to enhance the production output with high levels of work safety, as these robots can perform repetitive work at a faster pace. Demand for collaborative robots is continuously on the rise in different industry verticals including retail, healthcare, automotive manufacturing, and several others, owing to their numerous benefits and associated applications. Several manufacturers operate in the industrial robotics domain such as Universal Robots, KUKA AG, and Franka Emika GmbH, who offer a wide variety of collaborative robots for various industries.
Extensive Deployment of Industrial Robots in Manufacturing Units Drives Market in North America
Based on region, the global industrial robotics market has been segmented into Latin America, Middle East & Africa, Asia Pacific, Europe, and North America. Regional segmentations are likely to facilitate better understanding of market dynamics at play in each of the regions during the forecast period.
According to the findings of the Association for Advancing Automation, around 27,294 robots were ordered in the first nine months of 2019. These robots were valued at around US$ 1.473 Bn. North America is likely to lead the global industrial robotics market in the coming years. Substantial reliance of North American manufacturing units on advanced and innovative technological solutions to generate high quality output at reduced cost is fueling the market. Increased implementation of advanced software programs to stay ahead of competition is responsible for growth of the industrial robotics market in North America.
Modern manufacturing facilities in North America substantially depend on new innovative technologies to produce higher quality products at high speed and reduced costs. Manufacturing facilities are implementing more intelligent software and hardware to survive in the current competitive scenario.
Likewise, Europe is also expected to account for a large share of the market. In 2017, around 170,000 robots participated in the production process of the automotive industry in Europe. Such high levels of robotic participation is a manifestation of the market prominence in the region.
According to TMR analysts, in terms of density of industrial robots, South Korea is estimated to retain its leading position during the assessment period.
High Cost of Human Labor to Bolster Demand for Industrial Robots
The expansion of the global industrial robotics market is stimulated by heightened activities in the factory automation sector. The global industrial robotics market is poised for considerable growth in the near future with the growing human-machine interaction together with cloud technology improving control of hardware.
High cost of deploying manual labor coupled with the cost incurred on health insurance, paid leaves, compensations, training, conferences, and promotions is a financial burden on companies. These factors that emerge with the employment of human labor are expected to pave the way for large-scale deployment of industrial robotics in the coming years. Unlike industrial robots, human labor is incapable of working in adverse conditions or in high-risk zones. Day-to-day completion of the same tasks leaves workers with a mutinous and dull feeling, which lowers productivity. More manufacturers are therefore utilizing industrial robots in view of these negative aspects of human labor.
Furthermore, rapid growth in semiconductor and electronics industries has propelled the growth of the market. Both the industries are massive demand generators for industrial robotics.
Advent of artificial intelligence and digitization has made a marked difference in the performance of industrial robots with increased output and high quality. Shift in the automotive industry toward electric and autonomous automotive is generating considerable growth opportunities for the global industrial robotics market. The automotive manufacturing industry is another leading demand generator for industrial robots.
Request For Covid19 Impact Analysis https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=3187
Global Industrial Robotics Market: Segmentation
Industrial Robotics Market, by Type
Industrial Robotics Market, by Industry
Industrial Robotics Market, by Function
Industrial Robotics Market, by Region
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Transparency Market Research,
90 Sate Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA Canada Toll Free: 866-552-3453
Email: [emailprotected]
Website: https://www.transparencymarketresearch.com/
Go here to see the original:
Industrial Robotics Market Anticipated To Witness High Growth In The Near Future - Owned
- Robotics Academy - December 14th, 2016 [December 14th, 2016]
- KUKA Robotics | KUKA AG - December 14th, 2016 [December 14th, 2016]
- Robotics - The Great Courses - December 22nd, 2016 [December 22nd, 2016]
- Robotics - reddit - January 11th, 2017 [January 11th, 2017]
- Chatham Robotics Goes Undefeated and Moves On to State Championship - TAPinto.net - February 7th, 2017 [February 7th, 2017]
- Meridian robotics team gears up for Idaho FRC Regional - KBOI-TV - February 7th, 2017 [February 7th, 2017]
- Local robotics students headed to World Championship tournament - KOLO - February 7th, 2017 [February 7th, 2017]
- Report: Nearshoring favors robotics, will require heavy capital investment - Supply Chain Dive - February 7th, 2017 [February 7th, 2017]
- Belding hosts largest robotics competition in history of event - Greenville Daily News - February 7th, 2017 [February 7th, 2017]
- First Tech Challenge: High schools battle in robotics competition - The Journal News | LoHud.com - February 7th, 2017 [February 7th, 2017]
- Robotics Team Takes Home Trophy at Lego Competition - Patch.com - February 7th, 2017 [February 7th, 2017]
- OHS robotics club dazzles McKinley students - Southernminn.com - February 7th, 2017 [February 7th, 2017]
- Toyota Industries Acquires Warehouse Robotics Developer - Wall Street Journal - February 7th, 2017 [February 7th, 2017]
- South High wins Volvo's robotics tournament - Herald-Mail Media - February 7th, 2017 [February 7th, 2017]
- Belding hosts robotics competition - Sentinel-Standard - February 7th, 2017 [February 7th, 2017]
- CMS robotics program soars - SW News Media - February 7th, 2017 [February 7th, 2017]
- Update On The Megatrend of Robotics - CTOvision (blog) - February 7th, 2017 [February 7th, 2017]
- 33C3: Edible Soft Robotics - Hackaday - February 7th, 2017 [February 7th, 2017]
- Shopping robots on the march in Ocado - BBC News - February 7th, 2017 [February 7th, 2017]
- Keller students Starstruck on robotics - Fort Worth Star Telegram - February 7th, 2017 [February 7th, 2017]
- Our obsession with robots keeps getting creepier - New York Post - February 7th, 2017 [February 7th, 2017]
- Rethink Robotics makes its workplace bots easier to train and redeploy - TechCrunch - February 7th, 2017 [February 7th, 2017]
- Donation will cover costs for Sequim robotic competition - Peninsula Daily News - February 8th, 2017 [February 8th, 2017]
- Derby Middle School robotics club competes at high school competition - The Derby Informer - February 8th, 2017 [February 8th, 2017]
- Raspberry Pi-powered arm: This kit aims to make robotics simple enough for kids - TechRepublic - February 8th, 2017 [February 8th, 2017]
- WPI Robotics Team Has a Mission with Mars | News | WPI - WPI News - February 8th, 2017 [February 8th, 2017]
- Rehab robotics field promises to return control, mobility to aging population - ScienceBlog.com (blog) - February 8th, 2017 [February 8th, 2017]
- Rethink's Robots Get Massive Software Upgrade, Rodney Brooks So Excited - IEEE Spectrum - February 8th, 2017 [February 8th, 2017]
- Robotics: A robot that flies like a bat : Nature : Nature Research - Nature.com - February 9th, 2017 [February 9th, 2017]
- Robotics teams at CCS stay busy at tournaments - Imperial Republican - February 9th, 2017 [February 9th, 2017]
- Rethink Robotics rethinks its software | ZDNet - ZDNet - February 9th, 2017 [February 9th, 2017]
- Hartland robotics teams take on the FIRST Tech challenge at state competition - LC Sussex Sun - February 9th, 2017 [February 9th, 2017]
- Home-schooled students studying robotics - Valencia County News Bulletin - February 9th, 2017 [February 9th, 2017]
- Agility Robotics Introduces Cassie, a Dynamic and Talented Robot Delivery Ostrich - IEEE Spectrum - February 9th, 2017 [February 9th, 2017]
- Memphis robotics team headed to Super-Regionals - New Baltimore Voice Newspapers - February 10th, 2017 [February 10th, 2017]
- Patriot Robotics Alliance upsets Brentwood Academy Alliances - Clarksville Now - February 10th, 2017 [February 10th, 2017]
- Raptor legs & human hips: Giant leap for walking robots - RT - February 10th, 2017 [February 10th, 2017]
- How drones and robotics may shape the future of conflict under President Trump - PRI - February 10th, 2017 [February 10th, 2017]
- Robotics teams wins at state meet - The Citizen.com - February 10th, 2017 [February 10th, 2017]
- Ford Bets $1B on Startup Founded by Waymo, Uber Vets - ABC News - February 10th, 2017 [February 10th, 2017]
- South Beach robotics squad advances to super regionals - The Daily World - February 11th, 2017 [February 11th, 2017]
- Personal robotics the next technological revolution: Dr Vivian Balakrishnan - Channel NewsAsia - February 11th, 2017 [February 11th, 2017]
- This bipedal robot could deliver your packages one day - The Verge - The Verge - February 11th, 2017 [February 11th, 2017]
- Robotics event offers lesson in teamwork - Lewiston Morning Tribune (subscription) - February 12th, 2017 [February 12th, 2017]
- Essex County Freeholders Honor Livingston Robotics Club Teams - TAPinto.net - February 12th, 2017 [February 12th, 2017]
- College Town: WPI Robotics team aims for $1M NASA prize - Worcester Telegram - February 12th, 2017 [February 12th, 2017]
- Alice Shaw robotics team building invention to save wolves | Local ... - Lompoc Record - February 12th, 2017 [February 12th, 2017]
- Ford invests $1B in robotics startup in driverless car quest - CBS News - February 12th, 2017 [February 12th, 2017]
- Freshman Caldwell team takes first place in Regional Robotics Tournament - Idaho Press-Tribune - February 12th, 2017 [February 12th, 2017]
- What went seriously wrong with Lily Robotics - VentureBeat - February 12th, 2017 [February 12th, 2017]
- Face off: Marion students compete in robotics competition - The Exponent Telegram (press release) (registration) - February 12th, 2017 [February 12th, 2017]
- Robotics Competition slated for Monday - San Angelo Standard Times - February 13th, 2017 [February 13th, 2017]
- Cornerstone Prep robotics team brings home trophy in first year - MDJOnline.com - February 13th, 2017 [February 13th, 2017]
- Center Grove robotics team headed to state competition - Daily Journal - February 13th, 2017 [February 13th, 2017]
- Hundreds piled into a Fort Mill gym. They cheered. They competed. They drove robots. - The Herald - February 13th, 2017 [February 13th, 2017]
- My Turn: Arts education paved the way for girls' robotics win - AZCentral.com - February 13th, 2017 [February 13th, 2017]
- Young Alberta engineers face off in robotics showdown - CBC.ca - February 13th, 2017 [February 13th, 2017]
- Cougar robotics team advances to Super-Regionals - Times Bulletin - Times Bulletin - February 13th, 2017 [February 13th, 2017]
- South Carroll Robotics teams compete at Maryland State Robotics Competition - Carroll County Times - February 13th, 2017 [February 13th, 2017]
- Cave Spring High School's Robotics Club wins in the First Tech ... - Roanoke Times - February 13th, 2017 [February 13th, 2017]
- FIRST Robotics Competition - Wikipedia - February 13th, 2017 [February 13th, 2017]
- Designing robots to look more like ostriches can solve a key problem for our future biped overlords - Quartz - February 14th, 2017 [February 14th, 2017]
- More than 1000 high school students expected to Battlefield HS robotics tournament - PotomacLocal.com - February 14th, 2017 [February 14th, 2017]
- Event to look at Scotland's pivotal role in robotics - The Scotsman - February 14th, 2017 [February 14th, 2017]
- Kennett Coders to compete in NH State Robotics Championships on Saturday - Conway Daily Sun - February 14th, 2017 [February 14th, 2017]
- Are there enough robots? - Robotics Tomorrow (press release) - February 15th, 2017 [February 15th, 2017]
- Girl Scouts of Southern Illinois robotics team makes state tournament - Alton Telegraph - February 15th, 2017 [February 15th, 2017]
- Intuition Robotics raised $6 million for its ElliQ elder care assistant robot - TechCrunch - February 15th, 2017 [February 15th, 2017]
- Richmond robotics team gears up for districts - New Baltimore Voice Newspapers - February 15th, 2017 [February 15th, 2017]
- Microsoft lets you crash drones and robots in its new real world simulator - The Verge - February 15th, 2017 [February 15th, 2017]
- Makeblock's Lego-like 'Neuron' teaches kids robotics and code - Engadget - February 15th, 2017 [February 15th, 2017]
- West Ridge robotics team maneuvers into national championship - Austin American-Statesman - February 15th, 2017 [February 15th, 2017]
- Immokalee High team set for robotics state championships Friday - Naples Daily News - February 16th, 2017 [February 16th, 2017]
- What has Robotics got in store for our future? - RTE.ie - February 16th, 2017 [February 16th, 2017]
- Uber Is Becoming a Robotics Company, CEO Says - Yahoo News - February 16th, 2017 [February 16th, 2017]
- 3Doodler's new kits help kids craft their own robots - Engadget - Engadget - February 16th, 2017 [February 16th, 2017]
- Magnetic Control Could Help Robots Navigate Inside Your Body - IEEE Spectrum - February 16th, 2017 [February 16th, 2017]
- Boston's new hub, MassRobotics, is like a WeWork for robotics startups - TechCrunch - February 16th, 2017 [February 16th, 2017]
- 3Doodler announces a robotics kit, Star Trek and Powerpuff Girls ... - TechCrunch - February 17th, 2017 [February 17th, 2017]
- Chart: Are Robots Replacing High-Cost Workers? - Seeking Alpha - February 17th, 2017 [February 17th, 2017]