Industrial Robotics Market share research by applications and regions for 2017-2024

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Industrial Robotics Market Research Report,
2017-2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Industrial Robotics Market

• It is also due to the intricacy of engineering
  processes, increase in the productivity of high
  volume manufacturing lines such as manufacturing
  of vehicles electronic devices that perform
  compound tasks, and the need to meet the customer
  requirements which will drive the industrial
  robotics market growth.
• The introduction of advanced tools and
  self-programming robots are projected to drive
  the demand for industrial robotics market in the
  coming years.
• These factors are predicted to have a positive
  impact on the industrial robotics market because
  of their proficiency of delivering systems and
  their skill to enhance speed.

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Continued...

• Industrial robotics market based on component
  type includes the robotic arm, controllers,
  end-effector, drives, and sensors. The
  cost-effectiveness, reliability, scalability, and
  sensitivity provided by the MEMS sensor
  technology has given multiple opportunities for
  sensor applications in the industrial robotics
  market.
• Industrial robotics market based on applications
  include drilling fastening, material handling,
  welding, inspection, and painting coating.
  Material handling contributed maximum revenue
  owing to its ability to handle critical machine
  and equipment
• Industrial robotics market based on end user
  includes electrical electronics manufacturing,
  food beverage, machinery, metal, chemical
  plastics, and rubber industry. Electrical
  electronics manufacturing vertical has
  contributed significantly to the overall rise in
  the revenue.

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360 Analysis

• Product Analysis
• Industrial Robotics Market size is expected to
  witness an exponential increase in growth over
  the forecast period. Benefits such as improved
  productivity, cost reduction, and demand from
  emerging countries are expected to drive the
  industrial robotics market over the forecast time
  frame.
• Regional Analysis
• The U.S., Japan, China, Germany, and South Korea
  are the major appealing regions in the industrial
  robotics market. As per the 2016 IFR report
  statistics, Japan is the top market for
  industrial robotics, which is followed by China.
  The major driver for the Asia Pacific industrial
  robotics market growth is the demand from SMEs in
  Japan, India, South Korea, and China.
• Competitive Market Share
• The key industry players operating in the
  industrial robotics market are KUKA AG, FANUC
  Corp, ABB Ltd, Denso Corporation, ESPON
  Electronics, Mitsubishi Electric, Yaskawa
  Electric, Kawasaki, Yamaha, Panasonic, and
  Toshiba.

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