By the end of 2028, the market for industrial robotics is anticipated to reach US$ 96.82 billion. The market is expanding thanks to a growing focus on improving the productivity of high-volume production lines, particularly in the production of semiconductors and electronic devices.
By 2022, East Asia is anticipated to represent more than two-thirds of the global revenue for industrial robotics, making it the most lucrative market. Through 2028, it is predicted that the automotive and electronics industries will together dominate the global market in terms of end-use category.
Sales in the global industrial robotics market are anticipated to reach US$ 33.75 Bn by 2022, increasing at a CAGR of 19.2% over the forecast period of 2022–2028, according to Future Market Insights (FMI).
Demand for Industrial Robotics Propelling in Japan
“Growing Trend of Industrial Automation to Fuel the Industrial Robotics Demand”
Over the course of the assessment period, Japan is anticipated to grow into a profitable niche in the East Asian industrial robotics market.
Key market players are being encouraged to develop cutting-edge robotics technology by the rising trend of industrial automation and the growing adoption of innovative technologies. In order to identify appropriate picking orders with a high success rate, FANUC, a Japanese provider of automation products and services, recently introduced new industrial robots with AI for Bin Picking FIELD applications.
According to estimates, these developments and product introductions will increase demand for industrial robotics in Japan and help the East Asian market account for close to 69% of global sales in 2022.
Factors Driving the U.S. Industrial Robotics Market
“Increasing Deployment of Collaborative Robotics to Elevate the Growth in the Market”
In the North American industrial robotics market, the United States is predicted to grow at the fastest rate, helping the region to meet more than 8% of the demand in 2022.
With abilities like trainability, memory, dexterity, and sensing, novel industrial collaborative robotics is bridging the gap between machines and humans.
Innovative technologies like collaborative robots are increasingly being used across a variety of industries to improve precision and quality of work due to rising consumer demand for higher-quality products and increasing industrial productivity. Sales of industrial robotics are anticipated to increase in the US market as a result.
Surging Trend of Industry 4.0 Influence Sales of Industrial Robotics
Manufacturing has undergone a significant transformation in the industrial sector, moving from highly labour-intensive to automated technology-based. Operations in various manufacturing industries are changing significantly thanks to robots.
Automated technologies like industrial robotics are becoming more and more commonplace as the industry 4.0 trend pushes further into the manufacturing sector. Leading market players are concentrating on releasing novel robots in order to take advantage of current opportunities, citing this trend.
For instance, the Swiss-based ABB Group announced the release of its new IRB 910INV ceiling-mounted industrial SCARA robots in 2018. The robot has excellent flexibility and can work in tandem with other machines and robots, increasing productivity. In the upcoming years, the market is anticipated to grow as a result of these factors.
Rising Emphasis on Automobile Production is Spurring Demand
Global passenger car sales are significantly rising as a result of rising per capita income and soaring demand for automobiles, particularly in developing nations. The International Energy Agency (IEA) estimates that approximately 88 million passenger cars were sold globally in 2019.
As a result, many automakers are aiming to adopt cutting-edge technologies, like robotics, to boost their production of automobiles. For instance, in April 2021, BMW I Ventures announced a partnership with Plus One Robotics, a well-known supplier of vision software for logistic industrial robots, to automate the logistics and supply chain for vehicles.
As industrial robots are widely used in processes like welding, painting, assembling, and lifting during the production of automobiles, the market is expected to grow as more emphasis is placed on boosting automotive production.
As a result, over the forecast period of 2022–2028, industrial robotics sales are anticipated to grow at a remarkable CAGR of 19.2%.
Explore Our Trending Reports of FMI’s Industrial Automation Market Insights Landscape
Micro CHP Market Size – Overall demand for micro CHP is projected to grow at a CAGR of 7.2% between 2022 and 2032, totalling around US$ 2.0 Billion by 2032.
Water Leak Sensors Market Size – The global water leak sensors market is forecasted to be appraised at US$ 3,462.4 Mn by 2032, up from US$ 1,777.6 Mn in 2022, advancing at a CAGR of 6.9% during the forecast period.
3D Laser Scanner Market Size – Demand for 3D laser scanners is estimated to burgeon over the forecast period. The overall demand for 3D laser scanners is projected to grow at a CAGR of 7.8% between 2022 and 2032, totalling around US$ 3,378.4 Million by 2032.
About Future Market Insights (FMI)
Future Market Insights (ESOMAR-certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10 years.
Contact Us:
Future Market Insights, Inc
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: [email protected]
Browse All Reports: https://www.futuremarketinsights.com/reports
The post Japan Is Expected To Emerge As A Lucrative Pocket In The East Asia Industrial Robotics Market Over The Assessment Period appeared first on Future Market Insights.
