The number of robot installations in the Electrical and Electronics industry has increased considerably over the years. The high investments in the Electronics industry are the primary factor driving the demand for industrial robotics in the industry.As defined by ISO 8373 standards the industrial robot is “an automatically controlled, reprogrammable, multipurpose manipulator programmable in three or more axes”. Today, Industrial robots are increasingly being installed in various industries such as food and packaging, automobile, electronics, etc. The new technological developments are making the manufacturing industry smarter in terms of efficiency by minimizing defects, waste, and downtime. To overcome the limitations of traditional labor work in industries and enhance the capability of operators, industrial robotics has evolved. The installation of industrial robots also helps to gain a competitive advantage by making the business process more dynamic.
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Market Dynamics
The global Industrial Robotics market growth is driven by rising demand for electronics calls for an increase in production capacity along with high product quality. The use of industrial robotics helps manufacturers to achieve high capacity with uniform quality.The demand for industrial robotics is also accelerating due to the ongoing trend toward automation and increasing technological advancements in the robot industry. Factors such as a shortage of skilled workforce and high labor costs also drive the adoption of industrial robotics across various industries worldwide. Several organizations have implemented industrial robotics solutions to reduce their labor costs and improve efficiency. Although the initial cost of procuring a robot is high, once implemented, it offers high productivity, efficiency, and profits.
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Segment Analysis
By Type, the global Industrial Robotics Market is segmented into Cartesian, SCARA, Cylindrical, Delta, Polar, and Articulated. In 2018, the articulated robots segment accounted for the maximum share in the global industrial robotics market in 2016, owing to the increased usage of these robots in the packaging and healthcare sectors of emerging economies. However, the cylindrical robots and other segments comprising customized and refurbished robots, are expected to grow at a significant pace shortly, owing to their increasing demand in industrial sectors in the Asia-Pacific region.By End-user industry, the global Industrial Robotics Market is segmented into automotive, electrical/electronic, metal/heavy machinery, chemical, rubber, & plastics, food, and others. In 2018, the automotive segment dominated the global market. The development of automotive robotics in the industry has picked up pace due to its cost-effectiveness, job efficiency, and safety. Also, the rising demand for vehicles across the globe is expected to drive the automotive industry and therefore, fuel growth in the global industrial robotics market.
Competitive Landscape
The global Industrial Robotics Market is fragmented with the presence of global and regional players in the market. Creating consumer awareness through aggressive marketing strategies and greater visibility of products across retail space are other steps taken by market participants to generate demand.Intense rivalry among top players in the market has started the fierce competition at various levels such as driving aggressive marketing strategies, new and innovative product launches, and competitive pricing.Some major players in the market are Mitsubishi Electric, ABB Robotics, Omron Adept Technologies, Fanuc Robotics, and Yaskawa Mo-toman. Other prominent players in the market include Epson Robotics, Kawasaki Heavy Industries, Staubli, Nachi-Fujikoshi, and Denso Corporation.
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