Press Release

India Collaborative Robots Market to Register a High CAGR during the Forecast Period

Increase in government initiatives and support is a significant factor driving the growth of the India Collaborative Robots market during the forecast period of 2024-2028.

According to the TechSci Research report, " India Collaborative Robots Market – By Region Competition Forecast and Opportunities, 2018–2028," the India Collaborative Robots Market is anticipated to expand in the coming years. Collaborative robotics, a core technology of Industry 4.0, enhances work conditions and efficiency. Several automotive manufacturers have introduced cobots in assembly production lines. Cobots are flexible and can quickly adapt to different tasks from mass production to mass customization and handle more output variation, with shorter life cycles and smaller batch sizes. According to the International Federation of Robotics, the cobot market is growing. The end-users and system integrators are still exploring the design and implementation of cobots such as sensors, grippers, and interfaces.


India is a major production and manufacturing center for cobots as there is increase in various strategies such as “Make in India” foster companies for robotics technology to meet India requirements and set a new international benchmark. Moreover, robotics industry in a country generates employment to 10,000 employees for three robots. According to NITI Aayog, Automation, and more specifically robotics has a huge economic potential on employment which estimates that AI would add USD 1 trillion to the Indian economy by 2035. To strengthen robotics industry in the country government introduced several initiatives and policies. For instance, in 2019 Union Budget, government offers industry-relevant skill training for 10 million youth in India in technologies such as AI, Big Data, and robotics.

In 2020, Government of India introduced product linked for large scale electronics manufacturing and IT Hardware. PLI scheme covers robotics components camera, sensors, resistors, capacitors, inductors, diodes, and transistors., encoders, potentiometers, resolvers, and/or tachometers. Government plays a major role in funding R&D and innovation projects. India is ranked 11th highest country in robotics research.

Indian robotic startup industry is slowly gaining grip as the demand for robots for industrial use increases. The All-India Council for Robotics and Automation (AICRA) has announced the launch of a new initiative, dubbed AICRA Tech Startup Programme.

Robotics Research Center (RRC) is a part of the International Institute of Information Technology (IIIT) Hyderabad, India. The lab aims to work on research problems and innovative projects in robotics.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "India Collaborative Robots Market"

The India Collaborative Robots Market is segmented on the basis of payload capacity, application, industry, region, and competitive landscape.

In 2021, the material handling segment contributed significantly to revenue. Material-handling robots can automate tasks and provide a safe work environment by automatically processing harmful raw materials in factories, warehouses, and distribution centers.

According to analysis, India is expected to grow at the fastest rate during the forecast period. Collaborative robots are thriving in the Asian market, particularly India and have been recognized in the India Tech market. In India, government established an Artificial Intelligence and Robotics Technology Park (ARTPARK) at Indian Institute of Science to enhance research & development ecosystem with an investment of USD 30 million. Furthermore, government introduced product linked incentive scheme covers wide variety of robotics components including camera, sensors, resistors, capacitors, inductors, diodes, and transistors., encoders, potentiometers, resolvers, and/or tachometers.  

Major market players operating in the India Collaborative Robots Market are:

  • ABB AB
  • Addverb Technologies
  • KUKA Robotics
  • Robert Bosch GmbH
  • GreyOrange
  • Sastra Robotics India Private Limited
  • Lockheed Martin India Private Limited
  • Precise Automation, Inc.
  • Techasoft Private Limited
  • DiFACTO Robotics

Download Free Sample Report

Customers can also request 10% free customization on this report.

"India Collaborative Robots Market is expected to thrive because humans can easily collaborate with robots, train them with programmable movements, and then handle material and sorting packages simultaneously. In material transportation environments, robots can seamlessly move objects and process as quickly as any human. This is anticipated to propel the demand for collaborative robots across the country over the next five years.", said Mr. Karan Chechi, Research Director with TechSci Research, a research-based India management consulting firm.

" India Collaborative Robot Market, by Payload Capacity (Up to 5 Kg, between 5 and 10 Kg and Above 10 Kg), By Application (Assembly, Pick & Place, Machine Tending and Others), By Industry (Automotive, Electronics, Metals & Machining, Plastics & Polymers, and Others), By Region, Competition Forecast and Opportunities, 2028", has evaluated the future growth potential of India Collaborative Robots market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Collaborative Robots Market.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: [email protected]

Web:  https://www.techsciresearch.com

Relevant News