Industrial Robotics

Industrial Robotics

Global Industrial Robotics Market to Reach US$188.7 Billion by 2030

The global market for Industrial Robotics estimated at US$82.6 Billion in the year 2023, is expected to reach US$188.7 Billion by 2030, growing at a CAGR of 12.5% over the analysis period 2023-2030. Articulated Industrial Robotics, one of the segments analyzed in the report, is expected to record a 14.4% CAGR and reach US$82.2 Billion by the end of the analysis period. Growth in the Cylindrical Industrial Robotics segment is estimated at 11.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$10.0 Billion While China is Forecast to Grow at 15.8% CAGR

The Industrial Robotics market in the U.S. is estimated at US$10.0 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$65.0 Billion by the year 2030 trailing a CAGR of 15.8% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 8.1% and 8.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.6% CAGR.

Global Industrial Robotics Market - Key Trends & Drivers Summarized

Industrial robotics has become a cornerstone of modern manufacturing, revolutionizing the way products are assembled, packaged, and inspected. These robots are designed to perform repetitive and complex tasks with high precision and speed, significantly improving efficiency and consistency in production lines. Key types of industrial robots include articulated robots, which have rotary joints and are highly versatile; SCARA robots, known for their speed and precision in pick-and-place tasks; and delta robots, which are used for high-speed assembly and packaging operations. Additionally, collaborative robots, or cobots, are designed to work safely alongside human workers, enhancing flexibility and productivity in manufacturing processes. The deployment of industrial robots spans various sectors, including automotive, electronics, food and beverage, and pharmaceuticals, each benefiting from reduced labor costs, increased throughput, and improved quality control.

The growth in the industrial robotics market is driven by several factors. The increasing demand for automation across various industries is a primary driver, as manufacturers seek to enhance productivity, reduce labor costs, and maintain competitive advantages. The rapid expansion of the e-commerce sector has also spurred the need for advanced robotic systems in warehousing and logistics, where robots are used for sorting, packing, and transporting goods efficiently. Technological advancements in AI, machine learning, and sensor technology have made industrial robots more capable and cost-effective, encouraging wider adoption. Furthermore, the push for smart factories and the adoption of Industry 4.0 principles have necessitated the integration of advanced robotics to achieve greater connectivity, flexibility, and efficiency in manufacturing processes. The increasing focus on sustainable and energy-efficient production methods has also promoted the use of robots, which can operate with high efficiency and lower energy consumption. These factors collectively highlight the dynamic and growing landscape of the industrial robotics market, reflecting its critical role in shaping the future of manufacturing and industrial operations.

Technological advancements have propelled the capabilities of industrial robots, making them smarter, more adaptable, and more efficient. Integration with artificial intelligence (AI) and machine learning algorithms allows robots to perform complex tasks, such as quality inspection and predictive maintenance, by analyzing data and making real-time decisions. Advanced sensor technology, including vision systems and force sensors, has enabled robots to interact more effectively with their environment, improving accuracy and safety. The rise of the Industrial Internet of Things (IIoT) has further enhanced robotic operations, allowing for seamless communication between robots and other industrial systems, facilitating real-time monitoring, diagnostics, and optimization. Additionally, the development of lightweight materials and improved battery technologies has led to the creation of more energy-efficient and mobile robotic systems, expanding their application range and operational flexibility.

Select Competitors (Total 294 Featured) -

• ABB Ltd.
• Comau S.p.A.
• DAIHEN Corporation
• DENSO Corporation
• Dürr AG
• Epson Robots
• FANUC Corporation
• Kawasaki Heavy Industries Ltd.
• KUKA AG
• Mitsubishi Electric Corporation
• Nachi Robotic Systems, Inc.
• Omron Corporation
• Panasonic Industry Co., Ltd.
• Stäubli International AG
• Toshiba Corporation
• Universal Robots A/S
• Yamaha Motor Co., Ltd.
• Yaskawa Electric Corporation

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