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Industrial Robots Market to Reach USD 66.48 billion by 2027; Integration of AI in Robots to Promote Growth, states Fortune Business Insights™

Written by Customer Service on . Posted in Mergers And Acquisitions.

Pune, June 25, 2020 (GLOBE NEWSWIRE) — The global industrial robots market size is expected USD 66.48 billion by 2027, exhibiting a CAGR of 15.1% during the forecast period. The growing consumption of consumer goods will spur opportunities for the market during the forecast period, states Fortune Business Insights in a report, titled “Industrial Robots Market Size, Share & Industry Analysis, By Robot Type (Articulated, SCARA, Cylindrical, Cartesian/Linear, Parallel and Others), By Application (Pick and Place, Welding & Soldering, Material Handling, Assembling, Cutting & Processing, and Others), By Industry (Automotive, Electrical & Electronics, Healthcare & Pharmaceutical, Food & Beverages, Rubber & Plastic, Metals & Machinery, and Others), and Regional Forecast, 2020-2027” the market size stood at USD 21.83 billion in 2019.
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.Please visit: https://www.fortunebusinessinsights.com/industry-reports/industrial-robots-market-100360
Hefty Investments by Venture Capitalists to Augment GrowthThe growing focus of pre-eminent players on R&D for the development of advanced sensors and the integration of AI will have a tremendous impact on the market during the forecast period. Moreover, the growing funding by venture capitalists for the manufacturing and designing of industrial robots will foster the healthy growth of the market in the foreseeable future. For instance, VNDLY a leading cloud-based management company received an investment of $8.5 million by the venture capitalist Madrona Venture Group. Moreover, the increasing deals and agreements between major players will further enhance the potential of the market. For instance, In April 2018, Teradyne, Inc. a manufacturer and leader of automatic testing equipment announced that it has signed an agreement with Mobile Industrial Robots (MiR) for around USD 147 million. In addition, the growing demand for robots and automated machinery in the food & beverage industry will spur business opportunities for the market in the forthcoming years.However, the substantial capital expenditure required for procurement, integration, programming, accessories, maintenance can act as a challenge for the growth of the market during the forecast period.  Moreover, low-volume production and slow return on investments (ROI) by small and medium enterprises will further retard the development of the market. Heavy Demand for Customized Machinery to Stimulate Growth in Asia Pacific  The market in Asia Pacific stood at USD 8.14 billion in 2019 and is predicted to rise profoundly during the forecast period. The growth in the region is attributed to the increasing industrial automation across various industries in Japan, China, and India. The rising population and disposable income of people will contribute significantly to the growth of the market in the region. The rising consumption of essential and non-essential goods will propel the market in the foreseeable future. The rising demand for customized machinery with high precision and fast production capacity will bode well for the market. North America is predicted to grow rapidly during the forecast period owing to the emergence of industry 4.0. The growing adoption of robots along with the implementation of smart factors will uplift the industrial robots market share in the forthcoming years.Key Development:November, 2019: OMRON Corporation, a Japanese electronics company announced the launch of a mobile robot that is capable of moving a payload capacity up to 250 Kg. The new LD-250 will help the company to expand its existing series of mobile robots.
List of the Leading Companies Operating in the Industrial Robots Market are:ABB (Switzerland)
YASKAWA ELECTRIC CORPORATION (Japan)
Mitsubishi Electric Corporation (Japan)
NACHI-FUJIKOSHI CORP.(Japan)Comau SpA (Italy)KUKA AG (Germany)FANUC CORPORATION (Japan)DENSO CORPORATION. (Japan)Kawasaki Heavy Industries, Ltd. (Japan)Omron Corporation (Japan)IntroductionDefinition, By SegmentResearch ApproachSourcesExecutive SummaryMarket DynamicsDrivers, Restraints and OpportunitiesEmerging TrendsKey InsightsMacro and Micro Economic IndicatorsConsolidated SWOT Analysis of Key PlayersPorter’s Five Forces AnalysisImpact Analysis of COVID 19Global Industrial Robots Market Analysis, Insights and Forecast, 2016-2027Key Findings / SummaryMarket Size Estimates and ForecastsBy Robot Type (Value)ArticulatedSCARACylindricalCartesian/LinearParallelOthers (Collaborative, etc.)By Application (Value)Pick & PlaceWelding & SolderingMaterial HandlingAssemblingCutting & ProcessingOthers (Painting, etc.)By Industry (Value)AutomotiveElectrical & ElectronicsHealth & PharmaceuticalFood & BeveragesRubber & PlasticMetals & MachineryOthers (Construction, Defense, Logistics)By Region (Value)North AmericaEuropeAsia PacificMiddle East and AfricaLatin AmericaTOC Continued..!!!
Industry 4.0 Market Size, Share and Industry Analysis, By Application (Industrial Automation, Smart factory, Industrial IoT), By Vertical (Manufacturing, Energy & Utilities, Automotive, Transportation, Chemical, Pharmaceuticals, Consumer Electronics, Metals, Others) and Regional Forecast, 2019-2026
Industrial Automation Market Size, Share & Industry Analysis, By Component (Hardware and Software), By Industry (Discrete Industry and Process Industry), and Regional Forecast, 2019-2026Milking Robots Market Size, Share & Industry Analysis, By System Type (Single-Stall Unit, Multi-Stall Unit, Automated Milking Rotary), By Herd Size (Less than 100, 100-1000 and 1001 and Above), and Regional Forecast, 2020-2027Gantry Industrial Robots Market Size, Share & Industry Analysis, By Type (1-Axis, 2-Axis, 3-Axis, 4-Axis, & Others), By Application (Handling, Palletizing, Welding & Others), By Industry (Packaging, Automotive, Pharmaceuticals, Food & Beverage, Semiconductors & Electronics, Heavy Engineering Machinery, Aerospace & Railway, & Others), and Regional Forecast, 2019-2026Logistics Robots Market Size, Share & Industry Analysis, By Type (Automated Guided Vehicles, Autonomous Mobile Robots, Robot Arms and Others), By Application (Palletizing & De-palletizing, Pick & Place, Transportation, and Others), By Industry (E-commerce, Healthcare, Retail, Food & Beverages, Automotive and Others), and Regional Forecast, 2020-2027Robotic Vacuum Cleaners Market Size, Share and Industry Analysis By Type (Floor Vacuum Cleaner, Window Vacuum Cleaner, Pool Vacuum Cleaner), By Application (Household and Commercial), By Operation Mode (Self-Drive & Remote Control), By Distribution Channel (Online & Offline), By Price (Below US$ 150, US$ 150 – 300, US$ 300 – 500, Above US$ 500) and Regional Forecast, 2019 – 2026
About Us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Contact Us:
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