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Industrial Robotics Market growth outlook with
industry review and forecasts, 2017-2024: Global
Market Insights Inc.
An outlook on Industrial Robotics Market growth is presented in this latest research
report that reviews industry growth drivers, trends, regional factors & companies as
well as provides forecasts for next few years. 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.
The increase in the demand for the industrial robots is credited to the introduction of
the new electrical & electronic products and equipment in the market. 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.
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. These factors are predicted to have a positive impact on the industrial
robotics market because of their proficiency of delivering systems and their skill to
High installation costs and the unavailability of skilled labor & technicians are
predicted to pose a challenge for the companies. These issues may make industries
in developing countries cautious of adopting robots that may hinder the growth of the
industrial robotics market Furthermore, the rise in cost reduction, operation rate, size
reduction, and improvement in the quality & growing manufacturing efficiency and
flexibility are important aspects hindering the market demand.
Industrial robotics market based on component type includes the robotic arm,
controllers, end-effector, drives, and sensors. 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.
Industrial robotics market based on applications include drilling & fastening, material
handling, welding, inspection, and painting & coating. Material handling contributed
maximum revenue owing to its ability to handle critical machine and equipment.
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.
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’. Furthermore, the governmental policies in Asian countries
such as South Korea, Taiwan, and China over programs addressing investment in
skills, R&D funding, tax incentives, and loans are projected to drive the industrial
robotics industry growth positively.
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,
About Global Market Insights:
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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Global Market Insights, Inc.
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