Global Industrial Robotics Market Assessment, By Component, By Type, By Payload, By Application, By End-user, By Region, Opportunities, and Forecast, 2016-2030F
New York, June 15, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Industrial Robotics Market Assessment, By Component, By Type, By Payload, By Application, By End-user, By Region, Opportunities, and Forecast, 2016-2030F” – https://www.reportlinker.com/p06468090/?utm_source=GNW The Global Industrial Robotics Market is projected to reach USD 56.62 billion by 2030 from USD 21.78 billion in 2022, growing at a CAGR of 12.68% for the forecast period between 2023 and 2030. Due to the growing popularity of industrial robotics in manufacturing units coupled with a shortage of labor and skills, the market is likely to sustain its present growth pace in the coming years. In addition, growing digitalization, rising trends of automation, and rising focus on user-friendliness are current trends in the industrial robotics sector. Furthermore, while the cost of automation is falling dramatically, labor costs elsewhere are growing swiftly. These are two of the elements that are propelling industry reshoring projects in many developed nations, which has propelled the need for industrial robotics across the globe. Apart from traditional and collaborative robots, a new industrial robot has marked an entry which are adaptive robots. Adaptive robots are a progression of other two robots and has the ability to react to the environment and adjust its movements to the exact task which is being performed. Moreover, the increased accessibility of industrial robot systems makes it easier for companies of all sizes and technical skill levels to use automation. In addition, these technologies are rapidly being employed for a variety of tasks, such as product inspection, packaging, labelling, palletizing, welding, painting, and assembly. Furthermore, the industrial robotics market is expanding because of macroeconomic variables such as growing population, rapid industrialization, and rising urbanization. The automotive segment is the largest consumer of industrial robotics. According to the International Federation of Robotics , North America’s automotive industry installed 20,391 industrial robots in 2022, which are 30% more than the installations in 2021. Growing Adoption of Collaborative Robots The global industrial robotics market has witnessed a rising adoption of collaborative robots, also known as cobots, across various industries. Collaborative robots are designed to work alongside humans, enabling safer and more efficient collaboration on the factory floor. Industries such as automotive, electronics, healthcare, and logistics have increasingly embraced cobots to enhance productivity, improve flexibility, and optimize operations. Cobots offer features like advanced sensors, vision systems, and intuitive programming interfaces, allowing easy integration into existing workflows. They can handle repetitive or dangerous tasks while freeing up human workers to focus on more complex or value-added activities. The collaborative nature of these robots also reduces the need for extensive safety measures, making them more accessible and cost-effective for smaller businesses. As a result, the rising adoption of collaborative robots is expected to continue driving growth in the global industrial robotics market, opening new opportunities for manufacturers, and contributing to increased automation across industries. For Example, in May 2022 FANUC Corporation launched CR-35iB, the strongest collaborative robot in the world, with a weight capacity of up to 35 kilograms, which is particularly suited for a variety of procedures including heavy lifting and placement that were previously handled by people due to its high weight capacity, long reach, and safety certification. Implementation of Advanced Technologies The integration of the Industrial Internet of Things (IIoT) has emerged as a significant trend in the global industrial robotics market. IIoT integration involves connecting industrial robots with internet-enabled devices, sensors, and systems to enable data exchange, analysis, and remote monitoring. This integration allows real-time monitoring of robot performance, predictive maintenance, and optimization of manufacturing processes. By collecting and analyzing data from various sources, IIoT integration enables proactive decision-making, reducing downtime, and enhancing productivity. It also facilitates the implementation of advanced technologies such as artificial intelligence and machine learning, enabling robots to learn and adapt to changing conditions. The adoption of IIoT in the industrial robotics market enhances operational efficiency, drives automation, and supports the transition toward smart factories. Traditional Robots Growing Rapidly The traditional industrial robots’ segment has been witnessing significant growth due to increasing demand from industries such as automotive, electronics, and metalworking. Traditional industrial robots refer to robots that are typically large and designed for heavy-duty tasks in manufacturing and industrial settings. Various types of traditional robots including cartesian, SCARA, articulated, cylindrical, delta and polar offer high precision, speed, and payload capacity, making them suitable for a wide range of applications such as material handling, packaging, welding, assembling, and so on. Factors such as improved technology, cost-effectiveness, and advancements […]
