Global Industrial Robotics Industry Overview:
The global industrial robotics market is expected to reach $88,606 million in 2025, from $37,910 million in 2016, growing at a CAGR of 10.1% from 2017 to 2025. An industrial robot is a robotic system used for manufacturing, welding, painting, assembly, pick & place, and other functions. It is an automated, programmable, and auto-learning system with high endurance, speed, and precision. Robotic technologies offer financial benefits to various industries owing to reduced overheads, increased productivity & flexibility, and waste reduction. New generation robots possess human attributes such as flexibility, intelligence, memory, recognition of objects, and learning ability. Robotics are widely adopted in manufacturing companies such as consumer electronics, automotive, and telecommunications owing to its enhanced efficiency and durability.
Based on technology, the global augmented reality market is segmented as marker-based augmented reality and marker less augmented reality. Based on component, the market is segmented as hardware and software. Furthermore, the market is segmented into application which includes aerospace & defense, medical, gaming, industrial, automotive, and others. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.
- Reduction of duties & refurbished goods.
- Increase in demand for automation machineries owing to increase in labor cost.
- Higher cost & uncertainty.
- Stagnation of industrial manufacturing.
The top players in the global virtual reality market include Kuka Robotics, Denso, Fanuc, Mitsubishi, Universal Robots, ABB Ltd., Adept Technology, Inc., Rockwell Automation, Inc., Nachi-Fujikoshi Corp, and Yaskawa Electric Corp.
INDUSTRIAL ROBOTICS MARKET LANDSCAPE
- Electrical & Electronics
- Chemical, Rubber, & Plastics
- Food & Beverages
- Precision & Optics
- Soldering & Welding
- Materials Handling
- Assembling & Disassembling
- Painting & Dispensing
- Milling, Cutting, & Processing
- North America
- Rest of the Europe
- South Korea
- Rest of Asia-Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA