Industrial Robotics Market is estimated to hit $14.494 billion by 2023

According to the new market research report by IndustryARC titled “Industrial Robotics Market: By Size (2, 4, 6, 8 Inches); By Type (GaN on Sapphire, GaN on Si, GaN on SiC, GaN on GaN); ByProducts (Laser, LED, PSD, Others); By Industry (Automotive, Healthcare, Consumer Electronics, General Lighting, Military, Communication, Optical Storage, and Others); By Geography – Forecast (2018-2023)”, the market is set to spur due to increasing demand for industrial robotics.

The Industrial Robotics Market was estimated to register $11.28 billion in 2017 and is projected to reach $14.494 billion by 2023 at 4.4% CAGR.
Asia-Pacific continues to lead the market share during 2018-2023.

APAC is the largest market in 2017 with revenue of $5.66 billion led by the fast-growing Chinese market. This segment is projected to grow to $7.37 billion by 2023 at a 4.6% CAGR as increased awareness and lowering costs drive the market. Whereas, the Americas is projected to register the highest growth rate of 4.8% CAGR followed by APAC and Europe. The economic outlook for the Asia-Pacific region is favorable owing to the large economic developments in China and India. The APAC region is forecast to be the fastest growing market for industrial robotics. All the major global players have established their operations in this region. The region is composed of a large number of oil importers and supply chain participants.

Selected / Sample Analysis done in the full Report:
Among all the types, the Articulated Robot is dominating the market, which accounted for approximately 68% of the global revenue. This segment is projected to register the highest revenue of $9.13 billion by 2023 from $7.51 billion in 2017 at 3.4% CAGR. Articulated robots have long reached, high speed and larger working envelope. These robots allow a high level of functionality and are the most commonly used robots in next-generation robotics. These robots are used in applications like pick and place tasks, handling jobs, thread fastening, soldering and other similar tasks requiring fast and precise automation.

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Excerpts on Market Growth Factors Mentioned in the Full Report:
The rising demand for applications of industrial robots in the welding and assembling applications especially in the automotive industry is certainly the key driver of the global industrial robot market.

The increase in labor costs and the need for efficient production techniques in developing countries are among the key drivers of the industrial robotics market.

Advancement in technology combined with increasing need for robotic automation driven by fast, low cost and error-free operation are the major drivers for this market.

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Key Players of the Industrial Robotics Market:
Fanuc Corporation and Yaskawa Motoman are the leading players in the global industrial robotics market accounting for 24% and 21% market share respectively. Fanuc Corporation, a Japan based manufacturer for industrial robots are the market leader with a wide range of product portfolio and are constantly implementing market strategies to sustain their position in the global market. Recently, Fanuc partnered with technology giant CISCO to embed the latter’s technology in their industrial robots to mitigate any sort of breakdown and maintain their operational efficiency. Fanuc industrial robots would be powered with CISCO embedded technology that would help these devices to communicate properly before any sort of malfunctioning.

Industrial Robotics Market Report is Segmented as below.
Industrial Robotics Market By Type:

  1. Mounted
  2. Articulated Robots
  3. Four-Axis
  4. Six Axis
  5. Verticularly Articulated
  6. SCARA Robots
  7. Cylindrical Robots
  8. Cartesian or Gantry or Rectangular Arm Robots
  9. Delta or Parallel Robots
  10. Polar or Spherical Robots
  11. Dual Arm
  12. Redundant
  13. Human-Assist Robots
  14. Firefighting Robots
  15. Mobile/Cobots/Collaborative Robots

By Payload

  1. 0-20 KG
  2. 20-80 KG
  3. 80-300 KG
  4. 300-1000 KG
  5. 1000-3000 KG
  6. Others

By Components

  1. Manipulator
  2. Sensor Devices
  3. Robot Tooling
  4. RCU – Robot Controller Unit

Industrial Robotics Market By Product Type:

  1. Welding
  2. Laser Welding
  3. Arc Welding
  4. Gas Welding
  5. Spot Welding
  6. Other Welding
  7. Material Handling
  8. Selection & Picking
  9. Moving
  10. Packaging
  11. Palletizing
  12. Loading
  13. Unloading
  14. Cleaning
  15. Assembling
  16. Industrial Material Removal & Inspection Systems
  17. Measurement
  18. Inspection
  19. Testing
  20. Cutting
  21. Grinding
  22. Polishing
  23. Deburring
  24. Sanding
  25. Drilling
  26. Dispensing Robots
  27. Painting
  28. Gluing
  29. Adhesive Sealing
  30. Spraying
  31. Coating
  32. Soldering
  33. Ironing
  34. Machine Tending

Industrial Robotics Market By End User:

  1. Automotive & Auto Parts
  2. Electrical & Electronics
  3. Food & Beverages
  4. Metal Fabrication
  5. Packaging and Palletization
  6. Pharmaceuticals
  7. Chemicals Construction
  8. Consumer
  9. Biotechnology
  10. Communication

Industrial Robotics Market By Geography ( Covers 20+ Countries )

Industrial Robotics Market Entropy

Companies Cited / Interviewed

  1. ABB Ltd.
  2. Kuka Ag.
  3. Denso Wave Inc.
  4. Mitsubishi Electric Corp
  5. Schunk Gmbh & Co. Kg
  6. Nachi-Fujikoshi Corp.
  7. Adept Technology, Inc.
  8. Aurotek Corporation
  9. Kawasaki Robotics Inc.
  10. Stäubli International Ag
  11. Seiko Epson Corporation (SEIKO Group)
  12. Comau Spa.
  13. Toshiba Machine Co., Ltd.
  14. Company 14+

Related Report:

  1. Factory Automation Mechanical Component Market
  2. Warehouse Robotics Market

What can you expect from the report?

The Industrial Robotics Market Report is Prepared with the Main Agenda to Cover the following 20 points:
Market Size by Product Categories

  1. Market trends
  2. Manufacturer Landscape
  3. Distributor Landscape
  4. Pricing Analysis
  5. Top 10 End-user Analysis
  6. Product Benchmarking
    Product Developments
  7. Merges & Acquisition Analysis
  8. Patent Analysis
  9. Demand Analysis ( By Revenue & Volume )
  10. Country-level Analysis (10+)
  11. Competitor Analysis
  12. Market Shares Analysis
  13. Value Chain Analysis
  14. Supply Chain Analysis
  15. Strategic Analysis
  16. Current & Future Market Landscape Analysis
  17. Opportunity Analysis
  18. Revenue and Volume Analysis

Frequently Asked Questions:

Does IndustryARC publish country, or application based reports in Industrial Robotics Market?

Response: Yes, we do have separate reports and database as mentioned below:

  • North America Market for Industrial Robotics (2018-2023)
  • Europe Market for Industrial Robotics (2018-2023)
  • Asia-Pacific Market for Industrial Robotics (2018-2023)
  • Electrical & Electronics Market for Industrial Robotics (2018-2023)
  • Food & Beverages Market for Industrial Robotics (2018-2023)
  • Metal Fabrication Market for Industrial Robotics (2018-2023)
  • Packaging and Palletization Market for Industrial Robotics (2018-2023)
  • Pharmaceuticals Market for Industrial Robotics (2018-2023)
  • Chemicals Market for Industrial Robotics (2018-2023)
  • Construction Market for Industrial Robotics (2018-2023)
  • Consumer Market for Industrial Robotics (2018-2023)
  • Biotechnology Market for Industrial Robotics (2018-2023)
  • Communication Market for Industrial Robotics (2018-2023)

Does IndustryARC provide customized reports and charge additionally for limited customization?

Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization

  1. Increase the level of data in the application or end-user industry.
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    Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end-use segment.
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