Industrial Automation Magazine India

Global Industrial Robotics Market Report 2022 to 2027

Published on : Friday 30-12-2022

Increasing professional working activity in remote and hazardous environments drives growth.

Dublin, December 28, 2022 – The Global Industrial Robotics Market, Size, Share, Forecast 2022-2027, Industry Trends, Growth, Impact of Covid-19, Company Analysis report has been added to ResearchAndMarkets.coms offering.

 This report provides a detailed analysis of the Industrial Robotics Industry. The global Industrial Robotics Market will reach US$ 43.95 Billion by 2027, from US$ 25.69 Billion in 2021.

 Robotics refers to that element of engineering and science where diverse robots are designed, manufactured, and then employed to substitute human involvement in various applications.

Further, industrial robotics is the most progressive reform in the industries where a programmable device or mechanical machine is used to execute the day-to-day activities, which are not easy for a human to function as usual. Remarkably, the main benefit of an industrial robotics system is to reduce operational costs by reducing the time required to complete the work.

Advancement in technology, growing demand for sophisticated products and components with high accuracy, and increasing professional working activity in remote and hazardous environments are significant factors driving the growth of the global industrial robotics market.

 Moreover, robots are also being used across the entire production cycle in assembly, dispensing, milling, inspection, packaging, and palletizing. Further, advancements in end effectors and vision systems are also expected to contribute to the push for the industrial robotics industry.

 By Segment, the global Industrial robotics market is segmented into Automotive Industry, Electrical & Electronics Industry, Metal & Machinery Industry, Plastic & Chemical Products, and Food Industry. As per our analysis, the automotive industry segment of the global industrial robotics market is projected to capture the lions share.

The efficiency in vehicle manufacturing, inspection, and superior finishing, along with the review, are some of the prime factors contributing to the industrial robotics demand in the automotive market. According to the publisher, Global Industrial Robotics Market Size has reached US$ 25.69 Billion in 2021.

 The key players studied in our report are iRobot Corporation, Intuitive Surgical, Inc, Panasonic Corporation, Fanuc, ABB Ltd, Stryker Corporation, and Yaskawa Electric Corporation. April 2021: ABBs new cobot GoFa was awarded the prestigious - Best of the Best Red Dot award for its unique design concept, making new robots appealing to the users and efficient.