Latest News- Industrial Robotics Market: Articulated is expected to lead the Type segment during 2025-2029

The Industrial Robotics Market is being driven by Surge in demand for industrial robots

The Industrial Robotics Market is expected to grow at a CAGR of 19.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 47626.8 million. The global industrial robotics market is undergoing a transformative period, with the integration of cutting-edge technologies such as Artificial Intelligence (AI), Machine Learning (ML), and the Internet of Things (IoT). These advanced technologies are revolutionizing manufacturing processes by enhancing efficiency, precision, and adaptability. AI and ML algorithms enable robots to learn from data, make informed decisions, and optimize processes in real-time, making them indispensable in dynamic and unpredictable environments. IoT integration facilitates seamless communication between robots and other devices, allowing for coordinated actions and enhanced operational efficiency. Moreover, advancements in sensor technology and computer vision empower robots to execute intricate tasks, such as visual inspections and quality control, with unparalleled accuracy. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Articulated
  • SCARA
  • Cylindrical
  • Others
• End-user
  • Electrical and electronics
  • Automotive
  • Metal and machinery
  • Pharmaceuticals
  • Others
• Product
  • Traditional industrial robots
  • Collaborative robots
• Mobility Type
  • Stationary robots
  • Mobile robots
• Product Type
  • Materials handling
  • Soldering and welding
  • Assembling and disassembling
  • Painting and dispensing
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • France
    • Italy
  • North America
    • Canada
    • US
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Surge in demand for industrial robots
• Industrial services for collaborative robots
• Increase in adoption of industrial robots in developing countries

However, the market also witnesses some limitations, which are as follows:

• High cost of services
• Lack of capacity and skills
• Threat from robot rental services

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Market Scope in Industrial Robotics Market Research Report

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Research Analysis Overview

The Industrial Robotics Market encompasses various components and services, including Industrial Robot Integrators, Motion Control systems, Path Planning, Force Control, and Haptic Feedback. Additionally, it covers advanced technologies like 3D Printing and Additive Manufacturing, Augmented Reality (AR) and Virtual Reality (VR), Simulation Software, and Robot Training. Other offerings include Robot Deployment, Maintenance Contracts, Remote Monitoring, Predictive Analytics, Process Optimization Software, Data Acquisition, and Data Visualization. Human-Robot Interaction, Workplace Ergonomics, Robot Workcells, Conveyor Systems, and Material Handling Systems are also part of this market. Furthermore, Industrial Ethernet, Wireless Communication, Industrial Safety Regulations, Risk Assessment, Cybersecurity Standards, Data Security, Cloud Computing, Edge Computing, Robot Leasing, and Robot Rental complete the scope of the Industrial Robotics Market.

Market Research Overview

The industrial robotics market, a segment of the larger global industrial machinery and supplies and components market, encompasses manufacturers of industrial robots, including collaborative, articulated, SCARA, and delta robots. According to Technavio's market analysis, the size of the global industrial machinery and supplies and components market is determined by the combined revenue generated by manufacturers of machinery and components used in industrial settings. Key growth drivers for this market include expanding industrial production in process and discrete industries, fueled by increasing demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages in developing countries.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/