Industrial Robot Market Demand and Research Insights by 2027

1. ICT The demand for industrial robots is reaching the sky as industrialization July 21, 2021 Industrial robot refers to a robot system employed for various manufacturing activities. Over the period of past few years, industrial robots are gaining traction, as they are automated, programmable, and hold the capability to move on 3 or more axes. The tool can perform various activities such as painting, welding, disassembly, assembly, packaging and labeling, pick and place for printed circuit boards, product inspection, palletizing, and testing. Owing to the ability of these robots to perform all above-mentioned activities, there is remarkable growth in the adoption of industrial robots among companies from various industrial sectors. Industrial robots perform a range of activities carried out in different industries that require high levels of speed, precision, and endurance. Apart from this, they hold an ability to assist in material handling activities. In recent few years, the companies from industrial sectors are increasing adoption of industrial robots with arti?cial intelligence. This scenario is likely to result into upward growth curve of the global industrial robots market in the years to come. In order to maintain the prominent position in the industrial robots market, enterprises are using diverse strategic moves such as mergers and acquisitions. In addition to this, several vendors are growing interest in the research activities in order to launch technologically advanced industrial robots. Request for a sample: https://www.transparencymarketresearch.com/sample/sample.php??ag=S&rep_id=70935 Global Industrial Robot Market: Overview Adoption of robots equipped with arti?cial intelligence in manufacturing industries is likely to accelerate the growth of global industrial robot market during the forecast timeframe. In the last few decades, robots have revolutionized the industrial world. Industrial robots are now making their way into the larger business world. Robotic workers are now common sight in many sectors such as electronics manufacturing and automobile, now they are making foray into healthcare, food production, retail and other industries. In an upcoming report, Transparency Market Research offers a 360-degree view of the global industrial robot market. The study attempts to elucidate all the vital strategies of growth and dynamics of the market. It also offers pro?les of renowned companies that are operating in the global Industrial Robot market. Want to know the obstructions to your company’s growth in future? Request a brochure  Global Industrial Robot Market: Notable Developments With regards to recent developments, the global industrial robot market manifest the following moves in the market In October 2018, DENSO, leading mobility supplier, acquired EASE Simulation Inc., a ?rm that specializes in the technology of automotive diagnostics. The full acquisition of EASE Simulation Inc., is expected to enable DENSO to improve the services that are offered within the scope of its non-automotive, Original Equipment Service, and aftermarket businesses Denso Corporation, Daihen Corporation, Kawasaki Heavy Industries Ltd., Yaskawa Electric Corporation, Mitsubishi Electric Corporation, and Universal Robotics are some of the names to reckon with in the global industrial robot market. Global Industrial Robot Market: Key Trends The following factors are expected to propel the growth of global industrial robot market: Rapid Pace of Industrialization Necessitates Usage of Robots to Maximize Pro?t The global industrial robot market is forecasted to be triggered by numerous factors such as high cost of labor, declining price of industrial robots, expanding electronics industry and so on. Dearth of e?cient workforce together with high cost of labor has resulted in the rising adoption of industrial robotics in many of the industrial sectors. Usage of robotics in any business enhances productivity and, hence, the pro?tability of the company also increases. Companies now treat robots as its helping hand. Looking for exclusive market insights from business experts? Request a Custom Report The demand for industrial robots is reaching the sky as industrialization is taking place at such a high pace. The extraordinary surge in the global demand for industrial robotics is, as such, quite understandable. Many businesses are coming up with extremely promising products such as service robots, intelligent warehouses, and self-driving trucks across all parts of the logistics value chain, Industrial robots are also used for packaging and pick-and-place services, and this is further pushing for industrial automation. Global Industrial Robot Market: Geographical Analysis Driven by the U.S., North American industrial robot has been experiencing an accelerated growth in installation of robotics for almost a decade now. A record number of 33,192 installations took place in 2017. The U.S. ranks third in terms of robotic density with 189 robots per 10,000 employees. Germany occupies the ?fth position in the global industrial robots market and ?rst in Europe. The country exported nearly 60% of its robotics equipment in the year 2017. With the production of around 153,000 units in 2016, Japan is the number one manufacturer of industrial robots worldwide. At present, Japan accounts for around 52% of the total supply of robotics globally. Japan exports industrial robots and its parts to countries like Republic of Korea, China, North America, and Europe. Driven by electrical/electronics industry, Republic of Korea occupies the third position in global industrial robots market. By far, Republic of Korea has the highest robot density in the world with around 630 robots per 10,000 employees, which is even more than 8 times the average amount globally. While Asian countries such as Japan, China, Republic of Korea have already established their footprint in the global industrial robots market, India has a long way to go. Despite low robot density, rapid technological advancement and economic growth are likely to offer opportunities for the global industrial robot market. Read Latest News Publication: https://www.prnewswire.com/news-releases/nonstick-cookware-market-estimated-to-reach-us-28-1-bn-by-2027--rising- health-consciousness-for-low-fat-cooking-fuels-demand-tmr-301331577.html Enter your comment... Popular posts from this blog Internet of Things (IoT) in Utilities - The next industrial revolution July 13, 2021   IoT is considered as the next industrial revolution, Industry 4.0. 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