Industrial Robotics Market Growth Outlook with Industry Review and Forecasts by 2024 - PowerPoint PPT Presentation

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Industrial Robotics Market Growth Outlook with Industry Review and Forecasts by 2024

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Request Sample of Report @ The steady increase in labor wages in the U.S. UK and Germany and increasing adoption of advanced technologies such as collaborative, cloud-base robots, and AI integrated technologies is contributing towards the high industrial robotics market growth. Also, owing to the rising focus on the safety of workers in countries such as the U.S., the operations that involve dangerous tasks such as high-temperature welding is assigned to robotic systems. – PowerPoint PPT presentation

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Title: Industrial Robotics Market Growth Outlook with Industry Review and Forecasts by 2024


1
Industrial Robotics Market to surpass 80bn by
2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Industrial Robotics Market
  • Industrial Robotics Market size is set to exceed
    USD 80 billion by 2024 according to a new
    research report by Global Market Insights, Inc.
    Industrial robotics market is expected to grow at
    a significant pace, owing to the continuing trend
    of automation across several end-use industries.
    Robots are being increasingly adopted by the
    companies to perform repetitive or risky tasks
    such as deburring, grinding, part inspections,
    and bin-picking. Automation through this
    equipment enhance efficiency of several processes
    ranging from raw material handling to the
    packaging of the finished product. The adoption
    of this technology across industries has enabled
    the companies to increase competitiveness based
    on price, offerings, and business reach, thus
    propelling the market.
  • Growing trend of adoption of lights out
    production concept in modern manufacturing is
    expected to drive the industrial robotics market
    growth. In lights out production, the
    manufacturing activities are handled using
    automation. The companies are adopting the
    technology to reduce human involvement in the
    repetitive, uncreative dangerous tasks,
    eliminate errors, and cut manufacturing costs.

3
Continued...
  • For instance, at Fanuc plant in Japan, only four
    workers supervise the production of industrial
    robots by industrial robots. Furthermore, since
    2013, Canon began phasing out the human labor.
    Increasing advancements in technologies such as
    software development, computing power, and
    networking have reduced the cost of installing,
    assembling, and maintaining robots, thus
    providing growth opportunities to the industrial
    robotics market. For instance, traditionally,
    components such as sensors and actuators had to
    be connected individually to the controllers
    using terminal racks, junction boxes, and
    connectors. However, with advancements in
    plug-and-play technologies, the components can be
    connected to the controller by simple network
    wiring.
  • Although, the technology performs tasks
    accurately, requires high degree of expertise and
    technical training for initial setup. The
    end-users require expertise and service package
    from the system manufacturers to ensure
    error-free setup. Furthermore, the performance of
    these systems highly depends on the performance
    of the surrounding systems such as conveyor
    systems, grippers, and vision systems. This is
    expected to hamper the industrial robotics market
    growth over the forecast timespan.

4
China Industrial Robotics Market, By Product,
2016 2024 (USD Million)

5

Browse Full Market Research Report On
Industrial Robotics Market _at_ http//bit.ly/2t7jaIl
Request for a Sample of this Research Report
_at_ https//www.gminsights.com/request-sample/detail
/1729
6
Continued...
  • The articulated segment of the industrial
    robotics market has significant penetration,
    owing to the high degree of versatility offered
    by these systems. These robots have higher degree
    of freedom than other systems, that makes these
    systems usable in several tasks including
    welding, dispensing, material handling, and
    material removal. The prices of these systems are
    expected to witness fall over the next seven
    years, owing to the longevity and popularity.
  • Industrial robotics market is projected to
    witness surge in demand from the automotive
    industry, owing to the increasing adoption by the
    car manufacturers to improve precision and
    efficiency of the production lines. According to
    the Robotics Industry Association, more than 50
    purchases of robots in North America in recent
    years are made by the automotive industries.
    Technological advancements such as robotic
    vision, collaborative robots, and robotic hand
    are encouraging more automakers to implement the
    technology in their production plants, thus
    positively impacting the industrial robotics
    industry growth.

7
Continued...
  • The German industrial robotics market strength is
    driven by a combination of the regions proven
    engineering tradition, position as a leader in
    technological development, and its highly
    diversified industrial base. Germany is
    witnessing immense innovations which are helping
    bridge the gap between robotics and several
    industrial sectors. Stakeholders are organized in
    multiple regional organizations such as the
    Automation Valley Northern Bavaria. The countrys
    specific strength in the development and
    manufacturing of industrial robots is further
    strengthened by the existence of specialized
    organizations such as the Robotics and
    Mechatronics Center at the German Aerospace
    Center (DLR).
  • Growing need for automation in manufacturing
    pharmaceutical units has led to the growth of the
    Japan industrial robotics market. The units are
    used for easy and quick accomplishment of medical
    tasks. Companies in Japan are increasingly using
    collaborative robots such as UR3 ROBOT by
    Universal Robots A/S, which are assisting the
    workers in injection molding, conducting lab
    analysis, and picking placing drugs.

8
Companies
  • Fanuc Corporation,
  • Denso Corporation,
  • Kawasaki Heavy Industries Ltd.,
  • Yamaha Motor Co., Ltd.,
  • KUKA AG
  • Mitsubishi Electric Corporation,
  • ABB Group,
  • Epson America, Inc., etc.

9
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