Global Industrial Robotics Market Analysis, Growth, Trends and Forecast (2018-2023) - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 18, 2018--The “Global Industrial Robotics Market - Segmented by Type (Articulated Robots, Linear Robots, Cylindrical Robots, Parallel Robots, SCARA Robots), End-user Industry, and Region - Analysis, Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The Industrial Robotics Market was valued at USD 15.97 billion in 2017, and is expected to reach a value of USD 34.93 billion by 2023, at a CAGR of 14.11% over the forecast period.
The market has been witnessing huge demand over the past decade, owing to the rising consumption advantages of smart factory systems. Growing penetration of the IoT and investments in robotics have been major contributors to the growth of the market. Innovations in technology have enabled industries to use robots to streamline many processes, increase efficiency, and eliminate errors.
Increased workplace safety and improved production capabilities have further driven industries to invest in robotic systems. Some of the major factors driving the market include rising demand for high-quality products (which need proper end-to-end visibility in the manufacturing process), need for energy conservation, and growing focus on workplace safety.
Incremental advancements in technology, coupled with sustained increase in the development of manufacturing facilities, are also expected to drive this market.
On the other hand, the dynamic nature of end users and perceived lack of awareness about various upcoming technologies may restrain growth of the market to some extent. Other restraints include the huge investments required for the adoption and transformation of these systems, and the cyber risks that accompany integration of technology, thus making it vulnerable.
Key HighlightsIncreasing Emphasis on Workplace Safety is Driving the Industrial Robotics Market Articulated Robots Segment is the Fastest Growing Market North America Holds the Largest Share in Industrial Robotics Market
2. Research Approach and Methodology
3. Executive Summary
4. Market Analysis
5. Market Dynamics
6. Global Industrial Robots Market Segmentation
7. Analysis of Competitive Positioning of Key Vendors
8. Industrial Robotics Market Competitive Intelligence - Company Profiles
9. Investment Analysis
10. Future of the Industrial Robotics Market
Companies ProfiledABB Limited Yaskawa Electric Corporation Denso Corporation Fanuc Corporation Kuka AG Kawasaki Robotics Toshiba Corporation Panasonic Corporation Staubli International AG Nachi Robotic Systems Inc. Yamaha Motor Co. Ltd. Seiko Epson Corporation Comau SpA Adept Technologies
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Related Topics:Robotics,Industrial Automation
INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY MANUFACTURING OTHER MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/18/2018 10:59 AM/DISC: 12/18/2018 10:59 AM