The Industrial Robots Market Is Expected to Reach $32.09 Billion in Revenue by 2030, Globally, at a Compound Annual Growth Rate of 10.46%: Verified Market Research®

The Industrial Robots Market Is Expected to Reach $32.09 Billion in Revenue by 2030, Globally, at a Compound Annual Growth Rate of 10.46%: Verified Market Research®

The increasing focus on improving the productivity of mass production lines, particularly in the manufacture of vehicles and electrical equipment, is a factor driving the growth of the industrial robots market.

Jersey City, New JerseyAnd the October 21 2022 /PRNewswire/ – Confirmed Market Research recently published a report, “industrial robotics marketBy type (traditional industrial robots, collaborative robots), by industry (automotive, electrical and electronics), and by geography.

According to in-depth research conducted by a proven market research company, the global industrial robots market size has been evaluated 14.35 billion US dollars In 2021 it is expected to reach 32.09 billion US dollars By 2030, at a compound annual growth rate of 10.46% from 2022 to 2030.

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Overview of the global industrial robotics market

Robot systems used in the manufacturing industry are known as industrial robots. These are automatic, programmable and have three or more axes of movement. It is defined as a programmable mechanical device used to perform hazardous or repetitive tasks with high accuracy on behalf of a person. It is specially designed for soldering, coating, picking and laying, PCB mounting and mounting, packing and labeling, hopping, product inspection and manufacturing testing. Cost savings, faster operating speeds, smaller sizes, improved quality, increased manufacturing efficiency and flexibility are all advantages of industrial robots. The market is expected to benefit from increased awareness of the benefits they offer.

The primary factor driving market growth is the constant transition from manual to automated processes, which has led to an increased demand for these robots. Synchronization of management, production, and control is critical to the efficient operation of industrial workflows. Industrial robots are becoming more important as they facilitate operations and improve workflow accuracy and efficiency. The emergence of small businesses, increased investment in automation, and strict government regulations on handling chemicals and hazardous products have increased the demand for these robots. Likewise, industrial robots help lift heavy loads while manufacturing cars and customizing the machine. The emergence of smart factories expands the market potential.

Key developments

  • in January 2021OMRON has announced the launch of a new industrial robot, the i4 series SCARA robot. The robot is equipped with a high-speed, high-precision automatic assembly that is easy to install and transport. i4 series robots feature a compact design suitable for lightweight applications.
  • in February 2021, Kawasaki Heavy Industries, Ltd. The company said it has completed the installation of a local automated polymerase chain reaction (PCR) test system in Japan that works Kawasaki Robots at Fujita Medical University, Aichi Prefecture.
  • in April 2021Kuka AG announced the debut of the new operating system iiQKA.OS, which greatly simplifies the use of robots. This new operating system forms the basis of the entire ecosystem and provides a powerful set of software, components, applications, hardware, and services.

The main players

The main players in the market are ABB Ltd. , DENSO CORPORATION, FANUC Corporation, Kawasaki Heavy Industries Ltd, KUKA AGand Mitsubishi Electric Corp. and NACHI-FUJIKOSHI CORP. and Seiko Epson Corporation, Stäubli International AG, and Yaskawa Electric Corporation.

Verified market research has segmented the global Industrial Robots market on the basis of type, industry and geography.

  • Industrial Robots Market by Type
    • traditional industrial robots
    • collaborative robots
  • Industrial Robots Market by Industry
    • the cars
    • Electricity and electronics
    • Plastics, rubber, chemicals, metals, machinery
    • Food and drinks
    • Aharon
  • Industrial Robots Market By Geography
    • North Amarica
    • Europe
      • Germany
      • France
      • United kingdom
      • rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • rest of Asia Pacific
    • Row
      • The Middle East & Africa
      • Latin america

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6 main types of industrial robots Designed to offer limitless possibilities

Visualization of Industrial Robots Market Using Verified Market Intelligence –:

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