Inkwood Research estimates that the Global Industrial Robotics Market is registered to project a CAGR of 10.21% in terms of revenue during the forecasting years of 2021-2028.
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Industrial robots are automated and programmable, and used for
manufacturing. The conventional applications of industrial robots include
assembly, painting, disassembly, welding, etc. In addition, they are adept in
material handling.
Growing
Adoption of Industrial Robots in F&B, Automotive, and Electrical &
Electronics Industries
Industrial robots are gaining prominence in the automobile,
metals, precision engineering, electrical & electronics (E&E), and food
& beverage industries. Of these, food and beverage lead with the highest
demand for industrial robots. This is because the design and manufacture of
robotic installations and machinery in the industry comply with stringent
hygiene regulations that encompass the whole automation process. Also, robots have
established themselves in the food processing tasks like cutting and trimming
meat pieces and handling frozen food. Moreover, as per an Association for
Packaging and Processing Technologies survey, robots are used in 94% of food
packaging processes.
Conventionally, the automobile industry is one of the
biggest users of industrial robotic technology. Robots are employed in every aspect
of automobile production. They are used for painting, assembling, quality
control, and robotic vision. Also, they provide a competitive edge to
automotive firms. In the case of the electrical & electronics (E&E)
industry, they offer several advantages in manufacturing. These include
handling small, delicate parts with accuracy and being cost-effective. As a
result, the industry is set to become one of the largest end-users of
industrial robots globally. Such growing adoption in these industries drives
their overall market growth.
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Major Robot
Type: Articulated Robots
An articulated robot has rotary joints. It can range from
simple two-jointed structures to systems with 10 or more interacting materials
and joints. They are powered by different means that include electric motors.
Certain robot types, like robotic arms, can be non-articulated or articulated.
Articulated robots, also known as 6-axis robots, are easier
to align to multiple planes, easily redeployed for plastic injection molding
automation applications, and simple to operate and maintain. Moreover, such
robots are utilized for material handling, painting, deburring, cutting, and
welding. KUKA Robotics, Staubli Robotics, Epson Robots, ABB, etc., are among
the companies that supply articulated robots.
Major and
Fastest-Growing Region: Asia-Pacific
The evaluated market advantages of the region include rising
domestic demand, enhanced infrastructure, and low labor costs. Also,
manufacturers are increasingly opting for robotic automation to improve output
quality. In addition, there is a high presence of electronics and automotive
industries in the region. Moreover, the defense, education, healthcare,
aerospace, food & beverage, electronics, etc., industries are adopting
robotics technology for automation processes.
The competitive rivalry entails companies with
undifferentiated products and larger product portfolios creating strong
competition in the market. Also, these companies are investing heavily in facility
expansions and R&D. Some prominent firms in the market include Kawasaki
Heavy Industries Ltd, ABB Ltd, Nachi Fujikoshi Corporation, Staubli
International AG, KUKA AG, Fanuc Corporation, etc.
About Inkwood Research
Inkwood Research specializes in syndicated & customized
research reports and consulting services. Market intelligence studies with
relevant fact-based research are customized across industry verticals such as
technology, automotive, chemicals, materials, healthcare, and energy, with an objective
comprehension that acknowledges the business environments. Our geographical
analysis comprises North & South America, CEE, CIS, Middle East, Europe,
Asia, and Africa.
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