Industrial Robotics Market By Size, Share and Forecast 2028

Summary

Report Description

Forecast Period	2024-2028
Market Size (2022)	USD 46.8 Billion
CAGR (2023-2028)	12.4%
Fastest Growing Segment	Collaborative robots
Largest Market	Asia Pacific

Market Overview

The Global Industrial Robotics Market was valued at USD 46.8 Billion in 2022 and growing at a CAGR of 12.4% during the forecast period. The Global Industrial Robotics Market is witnessing substantial growth, underpinned by the relentless drive towards automation and the transformative impact of robotics across various industries. Industrial robots have emerged as crucial assets, enhancing manufacturing efficiency, precision, and flexibility. Key drivers include the need for labor cost reduction, the pursuit of consistent product quality, and the quest for increased production capacity. Industries such as automotive, electronics, and pharmaceuticals are embracing robotic automation to streamline operations, reduce errors, and achieve higher production volumes. Collaborative robots (cobots) are gaining prominence for their ability to work safely alongside humans, expanding automation possibilities even in smaller enterprises. Additionally, advancements in robotics technology, including artificial intelligence and machine learning integration, are opening doors to more complex and adaptable automation solutions. As the world continues its shift towards Industry 4.0 and smart manufacturing, the Global Industrial Robotics Market is poised for sustained expansion, with robotics playing a pivotal role in shaping the future of production and driving economic competitiveness.

Key Market Drivers

Rise of Automation and Industry 4.0

The Global Industrial Robotics Market is experiencing robust growth, driven by the relentless pursuit of automation and the transformative influence of Industry 4.0 across various sectors. Industrial robots have emerged as indispensable assets, enhancing manufacturing efficiency, precision, and adaptability. A key driver is the imperative to reduce labor costs while maintaining consistent product quality, prompting industries such as automotive, electronics, and pharmaceuticals to embrace robotic automation. The advent of collaborative robots (cobots) is particularly noteworthy, as these robots can work safely alongside human workers, expanding automation possibilities in smaller enterprises and diverse applications. Moreover, advancements in robotics technology, including the integration of artificial intelligence and machine learning, are ushering in more sophisticated and adaptable automation solutions. As the world progresses toward smart manufacturing and Industry 4.0, the Global Industrial Robotics Market is poised for sustained expansion, with robotics playing a central role in shaping the future of production and bolstering global economic competitiveness.

Precision and Quality Assurance

The demand for precision and quality assurance is driving significant growth in the Global Industrial Robotics Market. Industries across the spectrum, including aerospace, electronics, and healthcare, rely on industrial robots to achieve unparalleled levels of precision and consistency in manufacturing processes. Robots equipped with advanced sensors, vision systems, and real-time data analytics can perform intricate tasks with remarkable accuracy, significantly reducing errors and ensuring consistent product quality. In aerospace, for instance, robots are instrumental in fabricating complex and precisely engineered components, contributing to improved aircraft performance and fuel efficiency. Similarly, the electronics industry benefits from robotic automation to assemble intricate circuitry with micro-scale precision, essential for the production of cutting-edge electronics. In healthcare, robots are leveraged for delicate and precise procedures, including surgery and laboratory tasks, enhancing patient care and medical outcomes. The Global Industrial Robotics Market is positioned to thrive as industries place a premium on precision and quality, making robots an indispensable asset for achieving excellence in manufacturing processes.

Labor Shortages and Workforce Augmentation

Labor shortages in various industries are fueling the adoption of industrial robotics as a means to augment the workforce. As skilled labor becomes scarcer in manufacturing sectors such as automotive and logistics, companies are turning to robots to bridge the gap and maintain production levels. Robots are adept at performing repetitive, labor-intensive tasks, enabling companies to reallocate their human workforce to more strategic and creative roles. This not only mitigates labor shortages but also improves overall operational efficiency. With advancements in human-robot collaboration and safety features, robots are increasingly working alongside human employees, creating a symbiotic relationship that maximizes productivity. The Global Industrial Robotics Market is experiencing a surge in demand as industries recognize the potential for robots to address labor challenges and bolster their competitive edge.

Cost Reduction and Return on Investment (ROI)

Cost reduction and achieving a favorable return on investment (ROI) are significant drivers of the Global Industrial Robotics Market. While the initial investment in industrial robots can be substantial, their long-term benefits in terms of labor cost savings, increased productivity, and reduced errors are compelling. Companies across industries are embracing automation to streamline operations, reduce production costs, and enhance profitability. Robots work tirelessly without fatigue, contributing to higher output rates and consistent quality, making them a cost-effective solution over time. The ability to recoup the initial investment through improved operational efficiency and increased competitiveness is a key incentive for businesses to adopt industrial robotics. As companies seek to optimize their cost structures and achieve a compelling ROI, the Global Industrial Robotics Market is poised for sustained growth, with automation becoming an integral part of modern manufacturing strategies.

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Key Market Challenges

Complexity of Interoperability and Standards

The Global Industrial Robotics Market grapples with the intricate challenge of ensuring seamless interoperability and adherence to standardized protocols among diverse robotic solutions. With a plethora of manufacturers offering robots tailored to specific use cases and industries, achieving compatibility and uniform communication standards becomes a formidable task. Robots must seamlessly integrate within complex industrial ecosystems, often featuring distinct operating systems, networking protocols, and software stacks. This challenge is further compounded by the need for efficient orchestration and management across heterogeneous robotic deployments. To overcome this challenge, concerted efforts are required to establish universal standards and interfaces that foster interoperability, simplifying the integration process for businesses adopting robotic automation. Collaborative initiatives among industry stakeholders are imperative to forge a unified approach addressing interoperability concerns while accommodating the diverse requirements of customers.

Balancing Scalability and Performance Optimization

Maintaining consistent scalability and optimal performance presents a pivotal challenge within the Global Industrial Robotics Market. As businesses expand and encounter fluctuating workloads, the task at hand is to ensure that robotic systems can efficiently scale while upholding dependable performance levels. Achieving load balancing, effective resource allocation, and fault tolerance across robotic nodes is an intricate endeavor, especially considering the multiplicity of workloads and applications these robots support. Optimizing robotic performance while adapting to variable demands necessitates the development of sophisticated management tools, intelligent workload distribution algorithms, and dynamic resource provisioning mechanisms. Manufacturers and solution providers must perpetually innovate to tackle this challenge, delivering robotic solutions that can seamlessly scale and furnish steadfast performance across a diverse array of scenarios.

Efficient Power Consumption and Thermal Management

Efficient power consumption and proficient thermal management pose critical challenges within the Global Industrial Robotics Market. While industrial robots are designed to offer energy-efficient automation solutions, the compact form factor inherent to many robotic systems can present difficulties in dissipating heat effectively. With the escalating density of robots within industrial settings, the task of managing heat generation becomes increasingly intricate. Ensuring that robots operate within safe temperature ranges while minimizing energy utilization necessitates the implementation of inventive cooling technologies, streamlined power delivery mechanisms, and intelligent thermal management systems. Addressing this challenge is paramount to avert performance degradation, hardware failures, and the escalation of operational costs. Manufacturers must prioritize advanced cooling solutions, power-efficient components, and dynamic thermal management strategies to furnish robotic solutions that concurrently uphold performance, reliability, and cost-effectiveness.

Key Market Trends

AI Integration and Cognitive Automation

A pivotal trend influencing the Global Industrial Robotics Market is the seamless integration of Artificial Intelligence (AI) and the advent of cognitive automation. As industries seek to enhance efficiency and productivity, AI-driven robotic systems are gaining prominence. These advanced robots possess the capability to analyze vast datasets, learn from experience, and make real-time decisions, significantly amplifying their utility across various applications. From predictive maintenance in manufacturing to autonomous navigation in logistics, AI-powered robots are revolutionizing operational workflows. The integration of machine learning and computer vision enables robots to perceive and respond to their environments with unparalleled precision, thereby expanding their applications in industries such as automotive, electronics, and e-commerce. This trend underpins the transformation of conventional robots into intelligent and adaptive systems, poised to optimize processes and deliver tangible business outcomes.

Collaborative and Cobotic Robotics

The rise of collaborative robotics, often referred to as cobots, is reshaping the Global Industrial Robotics Market. Unlike traditional industrial robots that operate in isolation, cobots are designed to work alongside human operators seamlessly. This trend reflects a paradigm shift toward human-robot collaboration in the workplace, where robots assist and augment human capabilities. Cobots are equipped with advanced safety features, such as force sensing and collision avoidance, ensuring a safe working environment for human co-workers. This trend is particularly pronounced in industries like manufacturing, where cobots perform tasks that require precision and repetition, freeing humans to focus on complex decision-making and supervisory roles. The versatility and user-friendliness of cobots make them accessible to a wide range of businesses, including small and medium-sized enterprises (SMEs). Their ease of programming and adaptability to diverse tasks positions cobots as a transformative solution for industries seeking to enhance efficiency while maintaining a human-centric approach to work.

Enhanced Connectivity and Industry 4.0 Integration

The proliferation of Industry 4.0, characterized by the fusion of digital technologies with industrial processes, is driving enhanced connectivity and integration within the Global Industrial Robotics Market. As manufacturers embark on the journey toward smart factories and data-driven decision-making, industrial robots are evolving to become integral components of connected ecosystems. These robots are equipped with sensors, IoT (Internet of Things) connectivity, and data analytics capabilities, enabling them to collect and transmit valuable operational insights. Real-time data exchange between robots and other machinery optimizes production processes, enhances quality control, and facilitates predictive maintenance. The Industrial Internet of Things (IIoT) integration empowers robots to operate collaboratively within a networked environment, adapting to changing production demands and minimizing downtime. This trend underscores the role of industrial robots as not only automation tools but also data generators that contribute to the broader digital transformation of manufacturing industries.

Sustainable and Eco-Friendly Robotics

The global emphasis on sustainability and environmental responsibility is reflected in the adoption of sustainable and eco-friendly robotics within the Global Industrial Robotics Market. As businesses strive to reduce their carbon footprint and minimize resource consumption, there is a growing demand for energy-efficient and environmentally conscious robotic solutions. Manufacturers are developing robots with power-efficient components, regenerative capabilities, and innovative cooling systems to reduce energy consumption. Additionally, lightweight materials and design optimizations contribute to energy savings and extend the operational life of robots. This trend aligns with global sustainability goals and regulatory initiatives that encourage eco-friendly manufacturing practices. As sustainability becomes a strategic imperative, industrial robots are evolving to address the ecological impact of automation, positioning themselves as enablers of environmentally responsible production.

Segmental Insights

Processor Type Insights

Articulated robots emerged as the dominant segment in the Global Industrial Robotics Market, and they are expected to maintain their dominance throughout the forecast period. Articulated robots are characterized by their versatility and a wide range of motion, making them highly suitable for various industrial applications across different sectors. These robots consist of multiple jointed arms and can mimic human-like movements, which allows them to perform tasks with precision and flexibility. Industries such as automotive manufacturing, electronics, and machinery production heavily rely on articulated robots for tasks such as assembly, welding, material handling, and painting. The ability of articulated robots to operate in tight spaces while handling complex and intricate tasks positions them as essential components in modern manufacturing processes. Furthermore, advancements in robotics technology, including improved sensors, vision systems, and control algorithms, have enhanced the capabilities of articulated robots, making them even more indispensable. As industries continue to seek automation solutions that offer high levels of precision, efficiency, and adaptability, articulated robots are poised to maintain their dominance in the Global Industrial Robotics Market, meeting the evolving demands of various manufacturing sectors and contributing to increased productivity and competitiveness.

End User Insights

The automotive sector emerged as the dominant end-user segment in the Global Industrial Robotics Market, and it is anticipated to maintain its supremacy throughout the forecast period. The automotive industry has been at the forefront of adopting industrial robotics to streamline manufacturing processes, improve precision, and enhance productivity. Robots play a pivotal role in various automotive applications, including assembly, welding, painting, and quality control. Their high level of accuracy and consistency makes them indispensable for tasks that demand precision, such as welding components together with minimal tolerances. Furthermore, the automotive sector's continued pursuit of automation is driven by the need for cost-efficiency and competitiveness. As the industry evolves with the integration of electric vehicles and the development of autonomous driving technologies, industrial robots will remain integral to the production of these innovative vehicles. With an increasing focus on sustainability, lightweight materials, and energy-efficient manufacturing, industrial robots in the automotive sector are expected to contribute significantly to the sector's growth, ensuring its continued dominance in the Global Industrial Robotics Market.

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Regional Insights

Asia-Pacific region emerged as the dominant force in the Global Industrial Robotics Market and is anticipated to maintain its dominance in the forecast period. This regional supremacy is driven by several key factors. First and foremost, Asia-Pacific is home to some of the world's largest manufacturing economies, including China, Japan, South Korea, and Taiwan. These countries have heavily invested in industrial automation to enhance production efficiency and maintain their global competitiveness. Second, the rapid industrialization and urbanization in the region have increased the demand for automation solutions across various industries, such as automotive, electronics, and machinery production. Third, favorable government initiatives and policies promoting automation and Industry 4.0 adoption have further accelerated the growth of the industrial robotics market in Asia-Pacific. Moreover, the presence of numerous established and emerging robotics manufacturers and suppliers in countries like Japan and China has fostered innovation and competitiveness in the regional market. With the Asia-Pacific region continuing to witness sustained economic growth, industrial expansion, and a strong emphasis on automation, it is poised to maintain its dominant position in the Global Industrial Robotics Market, driving technological advancements and reshaping the landscape of industrial manufacturing across the region and beyond.

Recent Developments

In May 2023, ABB Robotics, a leading player in the industrial robotics market, unveiled its latest robot model, the IRB 1300, aimed at various industrial applications. The IRB 1300 boasts enhanced speed, accuracy, and flexibility, making it suitable for tasks such as material handling, machine tending, and welding. With its compact design and advanced motion control, this robot is poised to improve automation efficiency and productivity for manufacturers in multiple sectors.
In March 2023, Universal Robots, a pioneer in collaborative robotics, introduced a new cobot model, the UR16e Pro. This robot is designed to handle heavy-duty applications and offers increased payload capacity and reach. The UR16e Pro is expected to cater to industries like automotive, aerospace, and logistics, where robust and flexible automation solutions are essential.
In January 2023, Fanuc Corporation, a prominent robotics and automation company, announced the expansion of its CRX collaborative robot series with the CRX-30iA and CRX-45iA models. These cobots are designed for diverse applications, including assembly, material handling, and inspection, and feature improved speed and accuracy. Fanuc aims to provide manufacturers with versatile automation solutions to meet their evolving needs.
In September 2022, Yaskawa Electric Corporation introduced the HC20DT, a dual-arm collaborative robot designed for applications that require intricate tasks and human-robot collaboration. With its advanced sensing and safety features, the HC20DT aims to enhance automation possibilities in industries like electronics, pharmaceuticals, and research.
In July 2022, KUKA AG launched the KR CYTEC nano, a compact and agile robotic system tailored for handling small parts and delicate materials. This robot is equipped with high-precision capabilities and is well-suited for applications in electronics manufacturing, medical device assembly, and other industries demanding precision and dexterity in automation.

Key Market Players

ABB Group (Asea Brown Boveri Ltd.)
Fanuc Corporation
Yaskawa Electric Corporation
KUKA AG
Kawasaki Heavy Industries Ltd.
Denso Corporation
Nachi-Fujikoshi Corporation
Mitsubishi Electric Corporation
Universal Robots (A subsidiary of Teradyne, Inc.)
FANUC America Corporation
Epson Robots (Seiko Epson Corporation)
Comau S.p.A (A subsidiary of Stellantis N.V.)
Stäubli International AG

By Processor Type	By End User	By Region
Articulated Robots Linear Robots Cylindrical Robots Parallel Robots SCARA Robots	Automotive Chemical and Manufacturing Construction Electrical and Electronics Food and Beverage Machinery and Metal Pharmaceutical	North America Europe South America Middle East & Africa Asia Pacific

Report Scope:

In this report, the Global Industrial Robotics Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Global Industrial Robotics Market, By Processor Type:

o Articulated Robots

o Linear Robots

o Cylindrical Robots

o Parallel Robots

o SCARA Robots

Global Industrial Robotics Market, By End User:

o Automotive

o Chemical and Manufacturing

o Construction

o Electrical and Electronics

o Food and Beverage

o Machinery and Metal

o Pharmaceutical

Global Industrial Robotics Market, By Region:

o North America

o Europe

o South America

o Middle East & Africa

o Asia Pacific

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Industrial Robotics Market.

Available Customizations:

Global Industrial Robotics Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Industrial Robotics Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Baseline Methodology

2.2. Key Industry Partners

2.3. Major Association and Secondary Sources

2.4. Forecasting Methodology

2.5. Data Triangulation & Validation

2.6. Assumptions and Limitations

3. Executive Summary

4. Impact of COVID-19 on Global Industrial Robotics Market

5. Voice of Customer

6. Global Industrial Robotics Market Overview

7. Global Industrial Robotics Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Processor Type (Articulated Robots, Linear Robots, Cylindrical Robots, Parallel Robots, SCARA Robots)

7.2.2. By End-user (Automotive, Chemical and Manufacturing, Construction, Electrical and Electronics, Food and Beverage, Machinery and Metal, Pharmaceutical)

7.2.3. By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)

7.3. By Company (2022)

7.4. Market Map

8. North America Industrial Robotics Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Processor Type

8.2.2. By End-user

8.2.3. By Country

8.2.3.1. United States Industrial Robotics Market Outlook

8.2.3.1.1. Market Size & Forecast

8.2.3.1.1.1. By Value

8.2.3.1.2. Market Share & Forecast

8.2.3.1.2.1. By Processor Type

8.2.3.1.2.2. By End-user

8.2.3.2. Canada Industrial Robotics Market Outlook

8.2.3.2.1. Market Size & Forecast

8.2.3.2.1.1. By Value

8.2.3.2.2. Market Share & Forecast

8.2.3.2.2.1. By Processor Type

8.2.3.2.2.2. By End-user

8.2.3.3. Mexico Industrial Robotics Market Outlook

8.2.3.3.1. Market Size & Forecast

8.2.3.3.1.1. By Value

8.2.3.3.2. Market Share & Forecast

8.2.3.3.2.1. By Processor Type

8.2.3.3.2.2. By End-user

9. Europe Industrial Robotics Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Processor Type

9.2.2. By End-user

9.2.3. By Country

9.2.3.1. Germany Industrial Robotics Market Outlook

9.2.3.1.1. Market Size & Forecast

9.2.3.1.1.1. By Value

9.2.3.1.2. Market Share & Forecast

9.2.3.1.2.1. By Processor Type

9.2.3.1.2.2. By End-user

9.2.3.2. France Industrial Robotics Market Outlook

9.2.3.2.1. Market Size & Forecast

9.2.3.2.1.1. By Value

9.2.3.2.2. Market Share & Forecast

9.2.3.2.2.1. By Processor Type

9.2.3.2.2.2. By End-user

9.2.3.3. United Kingdom Industrial Robotics Market Outlook

9.2.3.3.1. Market Size & Forecast

9.2.3.3.1.1. By Value

9.2.3.3.2. Market Share & Forecast

9.2.3.3.2.1. By Processor Type

9.2.3.3.2.2. By End-user

9.2.3.4. Italy Industrial Robotics Market Outlook

9.2.3.4.1. Market Size & Forecast

9.2.3.4.1.1. By Value

9.2.3.4.2. Market Share & Forecast

9.2.3.4.2.1. By Processor Type

9.2.3.4.2.2. By End-user

9.2.3.5. Spain Industrial Robotics Market Outlook

9.2.3.5.1. Market Size & Forecast

9.2.3.5.1.1. By Value

9.2.3.5.2. Market Share & Forecast

9.2.3.5.2.1. By Processor Type

9.2.3.5.2.2. By End-user

10. South America Industrial Robotics Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Processor Type

10.2.2. By End-user

10.2.3. By Country

10.2.3.1. Brazil Industrial Robotics Market Outlook

10.2.3.1.1. Market Size & Forecast

10.2.3.1.1.1. By Value

10.2.3.1.2. Market Share & Forecast

10.2.3.1.2.1. By Processor Type

10.2.3.1.2.2. By End-user

10.2.3.2. Colombia Industrial Robotics Market Outlook

10.2.3.2.1. Market Size & Forecast

10.2.3.2.1.1. By Value

10.2.3.2.2. Market Share & Forecast

10.2.3.2.2.1. By Processor Type

10.2.3.2.2.2. By End-user

10.2.3.3. Argentina Industrial Robotics Market Outlook

10.2.3.3.1. Market Size & Forecast

10.2.3.3.1.1. By Value

10.2.3.3.2. Market Share & Forecast

10.2.3.3.2.1. By Processor Type

10.2.3.3.2.2. By End-user

11. Middle East & Africa Industrial Robotics Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Processor Type

11.2.2. By End-user

11.2.3. By Country

11.2.3.1. Saudi Arabia Industrial Robotics Market Outlook

11.2.3.1.1. Market Size & Forecast

11.2.3.1.1.1. By Value

11.2.3.1.2. Market Share & Forecast

11.2.3.1.2.1. By Processor Type

11.2.3.1.2.2. By End-user

11.2.3.2. UAE Industrial Robotics Market Outlook

11.2.3.2.1. Market Size & Forecast

11.2.3.2.1.1. By Value

11.2.3.2.2. Market Share & Forecast

11.2.3.2.2.1. By Processor Type

11.2.3.2.2.2. By End-user

11.2.3.3. South Africa Industrial Robotics Market Outlook

11.2.3.3.1. Market Size & Forecast

11.2.3.3.1.1. By Value

11.2.3.3.2. Market Share & Forecast

11.2.3.3.2.1. By Processor Type

11.2.3.3.2.2. By End-user

12. Asia Pacific Industrial Robotics Market Outlook

12.1. Market Size & Forecast

12.1.1. By Processor Type

12.1.2. By End-user

12.1.3. By Country

12.1.3.1. China Industrial Robotics Market Outlook

12.1.3.1.1. Market Size & Forecast

12.1.3.1.1.1. By Value

12.1.3.1.2. Market Share & Forecast

12.1.3.1.2.1. By Processor Type

12.1.3.1.2.2. By End-user

12.1.3.2. India Industrial Robotics Market Outlook

12.1.3.2.1. Market Size & Forecast

12.1.3.2.1.1. By Value

12.1.3.2.2. Market Share & Forecast

12.1.3.2.2.1. By Processor Type

12.1.3.2.2.2. By End-user

12.1.3.3. Japan Industrial Robotics Market Outlook

12.1.3.3.1. Market Size & Forecast

12.1.3.3.1.1. By Value

12.1.3.3.2. Market Share & Forecast

12.1.3.3.2.1. By Processor Type

12.1.3.3.2.2. By End-user

12.1.3.4. South Korea Industrial Robotics Market Outlook

12.1.3.4.1. Market Size & Forecast

12.1.3.4.1.1. By Value

12.1.3.4.2. Market Share & Forecast

12.1.3.4.2.1. By Processor Type

12.1.3.4.2.2. By End-user

12.1.3.5. Australia Industrial Robotics Market Outlook

12.1.3.5.1. Market Size & Forecast

12.1.3.5.1.1. By Value

12.1.3.5.2. Market Share & Forecast

12.1.3.5.2.1. By Processor Type

12.1.3.5.2.2. By End-user

13. Market Dynamics

13.1. Drivers

13.2. Challenges

14. Market Trends and Developments

15. Company Profiles

15.1. ABB Group (Asea Brown Boveri Ltd.)

15.1.1. Business Overview

15.1.2. Key Revenue and Financials

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. Key Product/Services Offered

15.2. Fanuc Corporation

15.2.1. Business Overview

15.2.2. Key Revenue and Financials

15.2.3. Recent Developments

15.2.4. Key Personnel

15.2.5. Key Product/Services Offered

15.3. Yaskawa Electric Corporation

15.3.1. Business Overview

15.3.2. Key Revenue and Financials

15.3.3. Recent Developments

15.3.4. Key Personnel

15.3.5. Key Product/Services Offered

15.4. KUKA AG

15.4.1. Business Overview

15.4.2. Key Revenue and Financials

15.4.3. Recent Developments

15.4.4. Key Personnel

15.4.5. Key Product/Services Offered

15.5. Kawasaki Heavy Industries Ltd.

15.5.1. Business Overview

15.5.2. Key Revenue and Financials

15.5.3. Recent Developments

15.5.4. Key Personnel

15.5.5. Key Product/Services Offered

15.6. Denso Corporation

15.6.1. Business Overview

15.6.2. Key Revenue and Financials

15.6.3. Recent Developments

15.6.4. Key Personnel

15.6.5. Key Product/Services Offered

15.7. Nachi-Fujikoshi Corporation

15.7.1. Business Overview

15.7.2. Key Revenue and Financials

15.7.3. Recent Developments

15.7.4. Key Personnel

15.7.5. Key Product/Services Offered

15.8. Mitsubishi Electric Corporation

15.8.1. Business Overview

15.8.2. Key Revenue and Financials

15.8.3. Recent Developments

15.8.4. Key Personnel

15.8.5. Key Product/Services Offered

15.9. Universal Robots (A subsidiary of Teradyne, Inc.)

15.9.1. Business Overview

15.9.2. Key Revenue and Financials

15.9.3. Recent Developments

15.9.4. Key Personnel

15.9.5. Key Product/Services Offered

15.10.FANUC America Corporation

15.10.1. Business Overview

15.10.2. Key Revenue and Financials

15.10.3. Recent Developments

15.10.4. Key Personnel

15.10.5. Key Product/Services Offered

15.11.Epson Robots (Seiko Epson Corporation)

15.11.1. Business Overview

15.11.2. Key Revenue and Financials

15.11.3. Recent Developments

15.11.4. Key Personnel

15.11.5. Key Product/Services Offered

15.12.Comau S.p.A (A subsidiary of Stellantis N.V.)

15.12.1. Business Overview

15.12.2. Key Revenue and Financials

15.12.3. Recent Developments

15.12.4. Key Personnel

15.12.5. Key Product/Services Offered

15.13.Stäubli International AG

15.13.1. Business Overview

15.13.2. Key Revenue and Financials

15.13.3. Recent Developments

15.13.4. Key Personnel

15.13.5. Key Product/Services Offered

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Industrial Robotics Market in 2022?

The market size of the Global Industrial Robotics Market was USD 46.8 Billion in 2022.

Which was the dominanted segment in the Global Industrial Robotics Market in 2022?

The dominanted segment in the global industrial robotics market in 2022 was the material handling segment.

What are the challenges in the Global Industrial Robotics Market?

Challenges in the Global Industrial Robotics Market include high initial investment costs, concerns about job displacement, and the need for skilled labor to operate and maintain robotic systems. Additionally, adapting to rapidly evolving technology and ensuring the safety of human-robot interactions pose ongoing challenges in the industry.

What are the major drivers for the Global Industrial Robotics Market?

The major drivers for the Global Industrial Robotics Market include increasing demand for automation across industries to enhance productivity, reduce labor costs, and ensure product quality. Additionally, rising adoption of Industry 4.0 and the Internet of Things (IoT) technologies, coupled with the need for precision, efficiency, and flexibility in manufacturing processes, are driving the market's growth.

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Press Release

Global Industrial Robotics Market Surges Ahead, Transforming Industries with Precision and Automation

Sep, 2023

The Global Industrial Robotics Market is experiencing significant growth due to increased automation demand across various industries, driving efficiency and productivity gains during the forecast pe

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