Automation has a new meaning with Industrial Robotics
28 May
2014
Industrial robotics is a concept that includes application of robotics technology in the field of manufacturing, for example, painting, ironing,welding, assembly, palletizing etc. With the help of robots in manufacturing, the task is completed with high speed and accuracy. With increasing technological strides, robotics is garnering significance. Rising demand for quality and mass production would make industrial robotics the future of manufacturing, There was a recent research undertaken on the global industrial robotics market by allied market research. The report forecasts the market to attain a value of $41.17 billion by 2020, registering a CAGR of 5.4% during 2013-2020.
What are the driving factors of the market -
- Automation growth
- Reduction in duties for refurbished goods
Sectors that would work positively for Industrial Robotics Market -
- Electronics
- Healthcare
- Nanorobotics
Important type of robots are -
- Articulated robots
- Cylindrical robots
- SCARA robots
- Cartesian robots
Among above robot types, articulated robots generated maximum revenue of $12.97 in the year 2012. However, with the growing demand of automation in Asia Pacific region, cylindrical robots are expected to grow very fast during the estimated period.
Major market segmentation includes -
- Automotive industry
- Electrical & electronics
- Chemical
- Rubber & plastics
- Machinery
- Metals industry
- Food & beverages
- Precision & optics
Until 2012, automotive sector was leading the market in terms of revenue. However, due to slow down of automotive sector, it is expected to grow slowly. Food & beverages market would register a 6.9% growth rate during the analysis period.
Functional segmentation of Robots include -
- Soldering and welding
- Materials handling
- Assembling & disassembling
- Painting and dispensing
- Cutting and processing
- Milling
- Others
In terms of geographical analysis, Asia pacific was the maximum revenue generator with a global share of 49.45%. This can be credited to high investment by countries such as India, Taiwan and China.
Ranjan Singh
Research Analyst at Allied Market Research
Ranjan has over 4 years of experience in market research and consulting across multiple domains which include technology, FMCG and durable consumer goods, heavy machinery, and automotive. He has hands on expertise in predictive and exploratory research projects for studying regional and global demand potential, market estimation & forecast, perceptions; analyzing macro and micro markets in terms of key gaps and opportunities. Ranjan is part of multiple consulting as well as syndicated report assignments and is actively involved in all the stages of project completion from planning, execution to delivery as per clients’ satisfaction.
Avenue: Entire Library membership of Allied Market Research Reports at your disposal
- Avenue is an innovative subscription-based online report database.
- Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
- A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
- Request customizations, suggest new reports, and avail analyst support as per your requirements.
- Get an access to the library of reports at any time from any device and anywhere.
Related Post
Share on Social Media
-
The Remittance Space of Asia-Pacific Region Has Evolved with Technology – Explore
-
Rugged ICs To Remain At the Core Of Next-Generation Technologies
-
New Technology and Service Launches To Boost Use of Big Data Analytics in Retail Business
-
New Product Launches and Investments to Boost Dermocosmetics Business