Industrial Robotics Market to Flourish with an Impressive CAGR During 2021-2028
Posted by sareena shaikh on April 29th, 2021
Industrial robots are automatically controlled, reprogrammable, and multipurpose machines that are replacing manual labor in manufacturing industries. Industrial robots are made up of 5 parts controller, driver, arm, end effector and the sensor. The controller is the brain of the robot, while the driver connects the arm to the controller. The sensors gets feedback of the work done by the end effector. Owing to its application, which assist to ensure competitiveness industries are adapting to industrial robotics.
Robots produce superior quality products that require highly repetitive work without fatigue. Adding to above robots have improved the visual appearance of the products in manufacturing industries. Industrial robotics is hence profiting manufacturing industry with improved productivity, leading to the growth of industrial robotics market in the manufacturing industry.
Robots have surged in demand, as they improve work conditions by adding to the safety of employees and thus preventing hazardous situations, where lifting heavy objects is involved. For instance, Kuka a heavy-duty robot is being deployed for lifting heavy objects in automotive, construction and glass industry making it a growth factor for industrial robotics in these industries.
Internet of robotic things a collaboration of Internet of Things and robots may be seen in the future. This collaboration will aid to predict preventive maintenance, due to which breakdown time of the robots will reduce, owing to which, the Internet of robotic things is expected to grow the market in forthcoming future.
High Cost of industrial robotics is a restraint for the growth of industrial robotics market. To deal with this, companies like ABB and FANUC American Corporation are proving flexible and customized solutions to companies so they spend only on what they want.
Speed along with the direction of movement of robots are causing interference with humans, thus creating safety issues. Addressing to this concern of robots, manufacturers have installed inbuilt motion sensors to detect obstacles slowing their speed, thus preventing robots from causing any harm.
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The worldwide industrial robotics market has been segmented based on robot type, vertical, function, components used and region. Based on robot type, the industrial robotics market is segmented into cartesian robots, articulated robots, cylindrical robots, polar robots, rarallel robots SCARA robots, delta robots and gantry robots. Based on vertical, the industrial robotics market is further segmented into electrical and electronics, food and beverages, automotive, chemical, construction, pharmaceuticals and others. Based on the robot, the industrial robotics market is segmented into painting and dispensing, soldering & welding, assembling & disassembling, material handling, cutting with processing. Based on components, the industrial robotics market is segmented into the type of controller, industrial robot arm, end-effector, drive, sensors, and others. Based on region, the industrial robotics market is further bifurcated into North America, Asia Pacific Europe, Central & South America, Middle East & Africa.
Major players associated with the global market for industrial robotics are Fanuc Corporation, Yaskawa America, Inc., ABB, KUKA Aktiengesellschaft, Nachi Robotics Systems, Inc., Kawasaki Heavy Industries, Ltd., and others. Technological developments is a strategy adapted by many players in industrial robotics market. For instance, in February 2018, Life Robotics Inc. a subsidiary of Fanuc Corporation a player in industrial robotics market to manufacture Coro a robot with a wide range of motion. Similarly, Kawasaki Heavy Industries a player in industrial robotics market has developed duAro in quest of making the ultimate user & human-friendly. Application of duAro lies in assembly, material handling, sealing and dispensing in the automobile industry.
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