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(India.CityRegions.Com, September 22, 2018 ) Growth in adoption of Industrial Robots by Electrical and Electronics Industry is anticipated to escalate the Industrial Robotics Market at a CAGR of 14.2%. Latest market study on "Industrial Robotics Market to 2025 by Component by Types (Articulated, Cartesian, SCARA, and Collaborative); by 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 Forecast?, the Industrial Robotics Market is estimated to reach US$ 48166.9 million by 2025 from US$ 16847.6 million in 2017. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
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Major Key Players in Market
1. ABB Ltd. 2. Kuka AG 3. FANUC CORPORATION 4. Toshiba Machine Co. Ltd. 5. Mitsubishi Electric Corporation 6. Comau SpA 7. GE Inspection Robotics 8. Yaskawa Electric Corporation 9. Kawasaki Heavy Industries Ltd. 10. Universal Robots A/S 11. NACHI-FUJIKOSHI CO
Asia Pacific holds the largest market for industrial robots. The manufacturing industry in the developing countries of Asia Pacific have experienced a seismic shift over the years, as they have established themselves as serious players, which has subsequently create a threat for the established manufacturers with their firm foothold in the developed nations. The Asian manufacturing sector is known to rapidly adopt the innovation accelerators that includes robotics along with the emerging cloud and mobility technologies. Over the years, the manufacturing spending of the region has grown significantly and is further anticipated to grow at a highest estimated growth rate. This dramatic growth in the manufacturing spends and adoption of novel technologies are the key factors fueling the demand for industrial robots.
The use of industrial robots by the electrical & electronics industry is experiencing a very high adoption. Majority of the manufactures in the electrical & electronics industry are located in APAC regions particularly, in countries such as Japan, Taiwan, South Korea, and China. All of the mentioned companies are noticing a significant adoption of industrial robots in the electrical & electronics industry. The growing demand for consumer electronics such as smartphones, tablets, and desktops owing to increasing affordability and decreasing prices of these products, is influencing the market growth. The labor costs of the countries where these companies are located is constantly rising. For achieve better productivity and sustain in the competitive market, the electrical & electronics manufacturers are deploying industrial robots in their manufacturing facilities. For instance, in 2016, Foxconn Electronics, a Taiwanese manufacturing company of electronic brands such as Apple's iPhone, installed replaced 60,000 workers with industrial robots. China and South Korea comprises of the largest market share of industrial robots in the electrical & electronics industry.
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Reason to Buy:-
Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the automotive wind tunnel market, thereby allowing players to develop effective long-term strategies.
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- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
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About Us: The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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The Insight Partners
Sameer Joshi
+1-646-491-9876
sam@theinsightpartners.com
Source: EmailWire.Com
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