By the end of 2028, the market for industrial robotics is anticipated to reach US$ 96.82 billion. The market is expanding as there is an increasing focus on improving the productivity of high-volume production lines, particularly in the production of semiconductors and electronic devices.
Sales in the global industrial robotics market are anticipated to reach US$ 33.75 Bn by 2022, increasing at a CAGR of 19.2% over the forecast period of 2022–2028, according to Future Market Insights (FMI).
By 2022, East Asia is anticipated to represent more than two-thirds of the global revenue for industrial robotics, making it the most lucrative market. Through 2028, the automotive and electronics industries are projected to hold a lion’s share of the global market based on end-use category.
Demand for Industrial Robotics Propelling in Japan
“Growing Trend of Industrial Automation to Fuel the Industrial Robotics Demand”
Over the course of the assessment period, Japan is anticipated to grow into a profitable niche in the East Asian industrial robotics market.
Key market players are being encouraged to develop advanced robotics technology by the rising trend of industrial automation and the growing adoption of novel technologies. In order to identify appropriate picking orders with a high success rate, FANUC, a Japanese provider of automation products and services, recently introduced new industrial robots with AI for Bin Picking FIELD applications.
According to estimates, these developments and product introductions will increase demand for industrial robotics in Japan and help the East Asian market account for close to 69% of global sales in 2022.
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The Factors Driving the U.S. Industrial Robotics Market
“Increasing Deployment of Collaborative Robotics to Elevate the Growth in the Market”
In the North American industrial robotics market, the United States is predicted to grow at the fastest rate, helping the region to meet more than 8% of the demand in 2022.
By introducing cutting-edge industrial collaborative robotics, which has abilities like trainability, memory, dexterity, and sensing, we are closing the gap between machines and humans.
Innovative technologies like collaborative robots are increasingly being used across a variety of industries to improve precision and quality of work due to rising consumer demand for higher-quality products and increasing industrial productivity. Sales of industrial robotics are anticipated to increase in the US market as a result.
Industrial Robotics Market by Category
By Product Type :
- SCARA Robots
- Delta Robots
- Cartesian Robots/ Gantry Robots
- Articulated Robots
- Collaborative Robots (limited segments)
- Dual-arm Robots
By Application :
- Assembly/Disassembly
- Clean Room
- Dispensing
- Handling Operations
- Processing/Cutting
- Welding
- Painting & Coating
- General Applications
By End Use :
- Automotive Industry
- Electrical/Electronics Industry
- Rubber & Plastics Industry
- Metal & Machinery
- Food & Beverages
- Plastic & Auxiliary Chemical Products
- Auxiliary Industries
- Bulk Commodities & Materials
By Region :
- North America
- Europe
- South Asia
- East Asia
- Rest of the World
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Competitive Landscape
Key players operating in the global industrial robotics market are focusing on research and development to improve their product portfolios. In addition to this, players are investing in collaboration, merger, and acquisition to expand their product portfolio and strengthen their global footprint. For instance:
- In August 2020, ABB Group, a Swiss multinational corporation announced extending its range of six-axis industrial robot by unveiling its new articulated industrial robot IRB 1300. The robot provides advanced motion control and enhance operation cycle time by assisting in material handling heavy objects.
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10 years.
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