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Industrial Robotics Market to 2025 by Types (Articulated Robots, Cartesian Robots, SCARA Robots, and Collaborative Robots), Function (Soldering & Welding, Material Handling, Assembling & Disassembling, Painting & Dispensing, Milling, and Cutting & Processing), and Industry (Automotive, Medical & Pharmaceuticals, Electrical & Electronics, Rubber & Plastics, Metal & Machinery, and Food & Agriculture)- Global Analysis and ForecastIndustrial Robotics market is expected to grow US$ 48,166.9 million by 2025 from US$ 16,847.6 million in 2017.
The sales of industrial robotics is largely influenced by numerous factors. On the basis of types, articulated robots are dominating the global industrial robotics market owing to their varied applications in different industries including automotive. Further, collaborative robots are experiencing the highest CAGR attributed to their high adaptability and low-cost as well as plug and play system type, resulting in high adoption of these robots by SMEs.
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Japan's population comprises of the largest number old citizens worldwide, in 2014, around 25.8% of the country's population was aged 65 years or older, which increased to 26.3% in 2015, and is anticipated to nearly increase to one-third of Japan's population by 2030. The rise in aging population has created a labor shortage problem globally thus, demanding a rise in penetration of industrial automation and robotics
Rise in the aging population worldwide which is leading to labor shortage is one of the major factors driving the growth of industrial robotics market. Certain countries such as Japan & Italy are in the list of top two countries of aging population proportion as a huge proportion of their population is above 65 years. Further, increasing demand for accuracy and fast production is influencing the growth trends of the market.
High capital investment required for initial deployment of industrial robots may arise as a restraining factor in the market, which is limiting the adoption of industrial robots, particularly by SMEs. SMEs find the labor inexpensive than the deployment of industrial robots, especially in the developing countries. Therefore, this factor is one of the major factor that would restrict the market growth.
The overall market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. It also provides the overview and forecast for the global industrial robotics market based on all the segmentation provided with respect to five major reasons such as North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the industrial robotics industry.
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Table of Contents
1 Table of Contents 2
1.1 List of Tables 14
1.2 List of Figures 15
2 Introduction 18
2.1 Scope of the Study 18
2.2 The Insight Partners Research Report Guidance 18
2.3 Introduction to Robotics Technology 20
2.3.1 What is Robotics 20
2.3.2 Design of Industrial Robots 20
2.3.3 Dynamic System 21
2.3.4 End-of-arm Tools 21
2.3.5 Digital Controller 22
2.3.6 Actuators 22
2.3.7 Feedback System 23
2.3.8 Sensors 23
2.4 Robotics Technology Assesment (2018 - 2025) 24
2.5 Robotics Technology Outlook (2025) 25
2.6 Robotics Technology Direction (2025) 26
2.7 Challenges 27
3 Key Takeaways 28
4 Industrial Robotics Market Landscape 31
4.1 Market Overview 31
4.2 Market Segmentation 33
4.2.1 Global Industrial Robotics Market - By Type 35
4.2.2 Global Industrial Robotics Market - By Function 35
4.2.3 Global Industrial Robotics Market - By Industry 35
4.2.4 Global Industrial Robotics Market - By Geography 35
4.3 PEST Analysis 37
4.3.1 North America PEST Analysis 37
4.3.2 Europe PEST Analysis 40
4.3.3 Asia Pacific PEST Analysis 42
4.3.4 Middle East and Africa PEST Analysis 44
4.3.5 South America PEST Analysis 46
5 Global Industrial Robotics Market - Key Industry Dynamics 48
5.1 Key Market Drivers 48
5.1.1 Government support for the development and deployment of robotics 48
5.1.2 Rise in aging population worldwide resulting in labor shortage 50
5.1.3 Rapid Expansion in Manufacturing Industry 51
5.1.4 Rapid Expansion in Manufacturing Industry 51
5.2 Key Market Restraints 52
5.2.1 High capital required for initial deployment of industrial robots 52
5.2.2 Human safety concerns 52
5.2.3 High cost involved in deploying hull cleaning robots 53
5.3 Key Market Opporunities 54
5.3.1 Widespread adoption of industrial automation in diverse industries 54
5.3.2 Government support for adoption of UAVs in Precision Agriculture 55
5.4 Future Trends 56
5.4.1 Integration of Artificial Intelligence and Big Data 56
5.1 Impact Analysis of Driver and Restraints 57
6 Industrial Robotics Market - Global 59
6.1 Global Industrial Robotics Market Overview 59
6.2 Global Industrial Robotics Market Forecast and Analysis 60
7 Global Industrial Robotics Market Analysis - By Types 61
7.1 Overview 61
7.2 Articulated Robots 62
7.2.1 Overview 62
7.2.2 Global Articulated Robots Market Revenue and Forecasts to 2025 (US$ Mn) 63
7.3 Cartesian Robots 64
7.3.1 Overview 64
7.3.2 Cartesian Robots Market Revenue and Forecasts to 2025 (US$ Mn) 65
7.1 SCARA Robots 66
7.1.1 Overview 66
7.1.2 SCARA Robots Market Revenue and Forecasts to 2025 (US$ Mn) 67
7.2 Collaborative Robots 68
7.2.1 Overview 68
7.2.2 Collaborative Robots Market Revenue and Forecasts to 2025 (US$ Mn) 69
7.3 Others 70
7.3.1 Overview 70
7.3.2 Others Market Revenue and Forecasts to 2025 (US$ Mn) 71
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