The — Global Industrial Robotics Market is witnessing high traction lately owing to the increasing demand from the local as well as the international markets. Global Industrial Robotics Market is accounted for $35.59 billion in 2017 and is expected to reach $97.41 billion by 2026 growing at a CAGR of 11.8% during the forecast period. Increase in investments for automation in industries, increase in demand for low-cost industrial robots and growing demand from SMEs in developing countries are the key driving factors for the market growth. However, high overall installation cost for low-volume production applications are some of the factors hindering the market growth.
Industrial robots refers to a programmed device that performs its functions based on defined algorithms and can be re-programmed in more than one axis. Industrial robots can be either mobile mounted at fixed positions which can be utilized for factory applications. These are used as transportation devices in manufacturing industries. Light weight industrial robots are speculated to expand their scope in automotive and small scale industry at a more extensive level.
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Based on Category, the Articulated Robots segment accounted for considerable market share during the forecast period. An articulated robot is a robotic arm that uses rotary joints to execute correct movements regularly and gradually. They give the manufacturer added versatility, thus making them attractive. An articulated robot can improve the company’s productivity through better accuracy and speed, indirectly enhancing quality of the product being produced. With the ability to perform a multitude of tasks in industrial operations, articulated robots have witnessed extensive acceptance over the years, with the robots dominating the current landscape. Numerous industries are more deploying these robots to automate processes, adding to the demand for these systems.
Some of the key players profiled in the Industrial Robotics Market include ABB Ltd, Adept technology, Apex automation & robotics, CMA Robotics S.P.A, Comau S.P.A, Daihen Corporation, Denso Corporation, Ellison, Fanuc Corporation, Fujikosi, Kawasaki Heavy Industries Ltd, Kuka AG, Mitsubishi Electric Corporation, Nachi-Fujikoshi Corp, Omron Adept Technologies Inc, Panasonic Corporation, Seiko Epson Corporation, Stäubli International AG, Universal Robots A/S and Yaskawa Electric Corporation.
Industrial Robotics Market Configurations Covered:
Mounted, Mobile, Cobots / Collaborative Robots
Industrial Robotics Market Payloads Covered:
0-20 KG, 20-80 KG, 80-300 KG, 300-1000 KG, 1000 - 3000 KG
Industrial Robotics Market Components Covered:
Manipulator, Sensor Devices, Robot Tooling, RCU - Robot Controller Unit
Industrial Robotics Market Categories Covered:
Articulated Robots, SCARA Robots, Cylindrical Robots, Cartesian or Gantry or Rectangular Arm Robots,Delta or Parallel Robots, Polar or Spherical Robots, Dual arm, Redundant, Human-assist robots, Firefighting robots
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2. Material Handling
3. Industrial Material Removal & Inspection Systems
8. Machine tending
End Users Covered:
1. Automotive & Auto Parts
2. Electrical & Electronics
3. Food & Beverages
4. Metal Fabrication
5. Packaging and Palletization
12. Other End Users
Service Robotics Market Summary:
The global Service Robotics market is witnessing high traction lately owing to the increasing demand from the local as well as the international markets. The Service Robotics market which has been valued at an estimated cost of US$ 10.77 billion at the end of 2017 is projected to make huge leaps in terms of growth as experts and industry pundits claim that the Service Robotics market is touted to clock a high CAGR if 17.2 % for the forecast period of 2017 - 2026. The research experts at Acognizance.com who have released the new report on the global Service Robotics market have analyzed some numbers and speculated that at the end of 2026, the Service Robotics market is expected to reach the value of US$ 44.68 billion which is in line with the CAGR calculated and estimated.
The global Service Robotics market research report further includes the segmentations in the market in terms of regions, applications, product types, and more such details and its analysis. The main highlight of the report which is the most beneficial for the customer includes the detailed forecast analysis of the Service Robotics market for the period of 2018 - 2026, the key insights from which will be beneficial for the customers in terms of planning ahead in terms of the growth and expansion of their organization.
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Global Service Robotics Market Key Players:
Parrot SA, Northrop Grumman Corporation, Lely Holding S.A.R.L., Kuka AG, Kongsberg Maritime, Irobot Corporation, Intuitive Surgical, Inc., Honda Motor Co., Ltd., Geckosystems Intl. Corp., ECA Group, DJI, Delaval International AB, Bluefin Robotics, Aethon Inc., Adept Technology, Inc., Toyota Motor Corporation, Sony Corporation, Samsung Electronics, Microsoft, Inc., LG Electronics, Google Inc., Fuji Soft Inc., Apple Inc., Amazon.Com, Inc. and AB Electrolux.
2. Control System
3. Power Source
6. Other Components
Operating Environments Covered:
• Ground Based
Professional Service Robots
Personal Service Robots
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