According to a report published by DataHorizzon Research, the global industrial robotics market is projected to grow by 94.8%. will reach 2032 billion US dollars with a compound annual growth rate (CAGR) of 12.6%. Market value 29.1. was estimated at 2022 billion US dollars. The growth of the industrial robotics market is fueled by the growing trend of Industry 4.0 and the introduction of new technologies in various industries.
In the automotive industry, robots are used to overcome problems such as risk of injury, slow production and concerns about product quality. They are cost-effective and efficient, making them ideal for tasks such as assembly, welding, painting and material removal. Collaborative robots that can work alongside humans are also becoming more common in the automotive industry.
Industrial robots are also used in manufacturing warehouses for tasks such as automated pallet removal and mixed product handling. Thanks to the development of robotics technology and the integration of artificial intelligence and 3D computer vision, these robots are becoming more versatile and able to perform a wide range of tasks.
North America and Asia Pacific are expected to be the largest markets for industrial robotics. The adoption of automation and industrial robots is increasing in these regions. In the Middle East and Africa, the integration of artificial intelligence and the Industrial Internet of Things (IIoT) has led to an increase in the use of robots in the oil and gas industry.
Key players in the industrial robotics market include ABB LTD., Fanuc Corporation, Kuka Robotics Corporation and Panasonic Corporation. These companies are constantly developing new products and services to improve the capabilities of industrial robots.
In conclusion, the global industrial robotics market is experiencing significant growth driven by the introduction of new technologies and the rising trend of Industry 4.0. The automotive industry and manufacturing warehouses are the main industries where robots are widely used. The market is expected to continue to grow, with North America and Asia Pacific leading the way.
Sources:
– DataHorizon Research. “Industrial Robotics Market Size, Growth, Share, Statistical Overview, By Component (Robotic Arm, Robotic Accessories, Additional Robotic Hardware, System Engineering & Software & Programming), By Cargo, By Application, By End Use, By Region Forecast, 2023-2032 .”
– https://datahorizzonresearch.com/request-sample-pdf/industrial-robotics-market-2142
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2023-09-29 00:30:06
#Industrial #Robotics #Market #Growth #Trends #Forecasts
