Industrial Robotics Growth Opportunities

Industrial Robotics Growth Opportunities

Robotics usage in industrial settings has risen over the last decade due to their benefits, such as increased efficiency and productivity. The COVID-19 pandemic accelerated the shift from manual to automated operations as frequent lockdowns led to labor shortages in most industries. However, the high implementation costs mean large organizations tend to invest more than small and medium enterprises (SMEs) in using and integrating robots into their operations. While evolving technologies enable practical cooperation between robots and operators, interoperability challenges and vulnerabilities from cybersecurity pose implementation hurdles for operators. Incorporating technologies such as artificial intelligence (AI) and machine learning (ML) in robots will likely help decision-making and gain traction as robot use increases.

Where possible, we discuss country-level data on new installations and growth. The study also includes a section on sustainability and how robots contribute to a reduced carbon footprint. Notably, Frost & Sullivan offers organizations looking to improve their product portfolio and invest in robotics for manufacturing operations insights into trends and growth opportunities over the forecast period.

RESEARCH SCOPE

In this study, Frost & Sullivan details the total revenue generated in the robotics market. The base year for the study is 2021, and the forecast years are from 2022 until 2026. Other information includes:

Revenue share for all major robot types: Linear (Cartesian and Gantry), selective compliance assembly robot arm (SCARA), articulated, parallel/delta, cylindrical, and collaborative robots
Revenue share by region: North America, Latin America, Europe, the Middle East and Africa, and Asia-Pacific (APAC)
Competitive landscape, including prominent robotics industry participants and product upgrades