The estimated value of the global factory robot market is US$ 12,369.3 million in 2023, and it is projected to grow at a CAGR of 7.6% to US$ 25,731.6 million by the end of 2033.
The value of the worldwide robot market is anticipated to be around US$38,654 million in 2023. A crucial component of the whole robot market is the factory robot. In the end of 2022, factory robot sales represented an approximately 32.0% value share of the worldwide robot market.
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For industries like welding, material handling, painting, and many more, factory robots are highly sought after to fuel market expansion. In order to maximise industrial activity and save expenses, they must replace all of their existing robots.
Robots can be deployed more quickly by players in the consumer electronics sector, increasing manufacturing flexibility. The need for factory robots is rising as a result of increased significant investment. Companies are concentrating on reducing labour costs while keeping manufacturing processes effective.
Similar to this, several application areas, like consumer products and pharmaceutical firms, are working on getting a piece of the market, which has helped to market expansion. Thus, increasing applications may fuel the market.
Top players Covered:
- ABB
- Comau
- Epson
- Fanuc
- FARobot, Inc.
- Kawasaki Robotics
- Kuka AG
- Mitsubishi Electric Corporation
- Staubli International AG
- Universal Robots
- Yaskawa
How Aerospace Industry is Poised to Drive Factory Robot Market?
The construction of aircraft has presented some unique challenges for the aerospace industry. Due to the demand for always rising productivity and effective operations, robotic automation must consistently provide a competitive edge.
Robotic technology in the aerospace industry has grown quickly, and modern robots are operating at entirely new levels of productivity. These five unique uses for factory robots in the aerospace industry are some of the most advanced robotic systems now in use.
Due to the robotics industry’s constant rate of invention, there are numerous distinctive and fascinating robotic applications. As long as the industry works for improved levels of efficiency in numerous areas, including the aerospace industry, robotic technology will continue to be a source of innovation. In 2023, it is predicted that the factory robot market’s aerospace end-use industry sub-segment will hold a market share of 18.7%.
Segmentation of Factory Robot Industry Research
By Type :
-
- Articulated
- SCARA
- Cartesian
- Parallel
- Cylindrical
- Others
By Payload :
-
- Up to 16 kg
- 16-60 kg
- 60-225kg
- More than 225kg
By Application :
-
- Assembly
- Cutting
- Dispensing
- Inspection
- Material handling
- Packaging
- Painting
- Palletizing
- Welding
By End Use Industry :
-
- Aerospace and Defense
- Automotive
- Chemicals & Materials
- Electrical & Electronics
- Food and Beverage
- Healthcare
- Mining & Oil & Gas
- Retail & e-Commerce
- Logistics & Warehousing
- Packaging
- Others
By Region :
-
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East and Africa (MEA)
Research Methodology:
Our market forecasting is based on a market model that derives assumptions about the market from market connectivity, dynamics, and known impacting factors. Factual information that was acquired through regression analysis, primary and secondary research, and broad interactions with company executives supports these hypotheses. Market forecasting, which is based on a comprehensive understanding of anticipated future market spending trends, provides quantitative insight to improve your decision-making. Data from the interview, combined with information from secondary research, are utilized to inform the design process.
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