Automation has a new meaning with Industrial Robotics

28 May
2014

6585 Views

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 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.

Akhilesh Prabhugaonkar

Author's Bio- Akhilesh Prabhugaonkar holds a bachelor’s degree in Electronics Engineering from the reputed Vishwakarma Institute of Technology. He has a special interest in the fields of forensics, world history, international relations and foreign policy, sports, agriculture, astronomy, security, and oceanography. An ardent bibliophile and melophile, Akhilesh loves to write on topics of his interest and various other societal issues. This love for writing made him enter the professional world of content writing and pursue his career in this direction.

Efficient Cars with Efficient Electric Motors

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.