WESTFORD, Mass., July 12, 2024 /PRNewswire/ -- According
to SkyQuest, the global Industrial Robotics Market size
was valued at USD 14.7 Billion in
2022 and is poised to grow from USD 16.6
Billion in 2023 to USD 44.87
Billion by 2031, at a CAGR of 13.2% during the forecast
period (2024-2031).
Increasing use of advanced digital technologies in industries to
improve the productivity of industrial operations is slated to
bolster the demand for industrial robotics. The development of
novel industrial robots and the rising acceptance of the same in
different industry verticals will also favor industrial robotics
market development in the future. The global industrial robotics
market is segmented into type, payload, component, application, end
use, and region.
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overview:
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Industrial Robotics Market Overview:
Report
Coverage
|
Details
|
Market Revenue in
2023
|
$ 16.6
billion
|
Estimated Value by
2031
|
$ 44.87
billion
|
Growth Rate
|
Poised to grow at a
CAGR of 13.2%
|
Forecast
Period
|
2024–2031
|
Forecast
Units
|
Value (USD
Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
Type, Payload,
Component, Application and End Use,
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, Middle East & Africa, Latin America
|
Report
Highlights
|
Updated financial
information / product portfolio of players
|
Key Market
Opportunities
|
Rising adoption of
automation in industrial applications
|
Key Market
Drivers
|
Advancements in
robotics technologies and increasing acceptance of robots in
industrial settings
|
Segments covered in Industrial Robotics Market
are as follows:
- Type
- Traditional Robots (Articulated Robots, Cartesian Robots, SCARA
Robots, Parallel Robots, Cylindrical Robots, Others), and
Collaborative Robots
- Payload
- Up to 16.00 kg, 16.01–60.00 kg, 60.01–225.00 kg, and More than
225.00 kg
- Component
- Robot Arm, Robot Accessories, Additional Robotic Hardware,
System Engineering, and Software & Programming
- Application
- Handlings, Assembling & Disassembling, Welding &
Soldering, Clean Room, Dispensing, Processing, and Others
- End-Use
- Automotive, Electrical & Electronics, Metals &
Machinery, Plastics, Rubbers, & Chemicals, Food &
Beverages, Precision Engineering & Optics, Pharmaceuticals
& Cosmetics, Oil & Gas, and Others
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report:
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Efficient Material Handling Demands are Estimated to Govern
the Global Sales of Industrial Robotics
Increasing demand for better productivity and operational
efficiency in industries has resulted in the adoption of better
material handling technologies. Industrial robots are highly
efficient and adaptable to multiple handling operations, which is
why they are being extensively used for this application. Any
company investing in this segment is projected to get lucrative
returns on their investments in the long run.
Demand for Better Human-Machine Interactions to Drive Use of
Collaborative Industrial Robots
Collaborative robots have been gaining massive popularity around
the world owing to their better human-machine interaction
capabilities. Industrial robotics providers should focus on
utilizing artificial intelligence and machine learning technologies
to maximize the efficiency of their offerings. Growing emphasis on
worker safety is also a key factor that is projected to bolster the
demand for collaborative industrial robotics across the forecast
period.
View report summary and Table of Contents
(TOC):
https://www.skyquestt.com/report/industrial-robotics-market
Industrial Robots are Highly Popular Among Electronics and
Electrical Industry for Multiple Operations
Rapidly surging demand for electronics and electrical components
around the world owing to the adoption of digital technologies is
driving the demand for industrial robotics. Almost all aspects of
electronics manufacturing are being automated, which is why
industrial robotics is projected to shine bright in the electronics
and electrical industry.
Industries dealing with plastics, chemicals, and rubber are also
projected to witness a robust hike in demand for industrial
robotics. The automotive industry is also a key end user of
industrial robotics and will be a key segment that most companies
target in the future. The use of industrial robots to perform
hazardous and dangerous tasks is projected to increase as emphasis
on worker safety rises.
Increasing digital transformation of multiple industry verticals
will also create a highly opportune setting for industrial robotics
companies no matter what industry they choose to target. Industry
4.0 trend and growing preference for automation are also estimated
to uplift the sales of industrial robotics over the coming
years.
Related Report:
Robotics Market
Service Robotics Market
Delivery Robots Market
Warehouse Robotics Market
Smart Robots Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and
Accelerator of Technology and assets. We provide access to
technologies, markets and finance across sectors viz. Life
Sciences, CleanTech, AgriTech, NanoTech and Information &
Communication Technology.
We work closely with innovators, inventors, innovation seekers,
entrepreneurs, companies and investors alike in leveraging external
sources of R&D. Moreover, we help them in optimizing the
economic potential of their intellectual assets. Our experiences
with innovation management and commercialization has expanded our
reach across North America,
Europe, ASEAN and Asia Pacific.
Contact:
Mr. Jagraj
Singh
SkyQuest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/
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