Industrial Robots Market
Industrial robot refers to a robot system employed for various manufacturing activities. Over the period of past few years, industrial robots are gaining traction, as they are automated, programmable, and hold the capability to move on 3 or more axes. The tool can perform various activities such as painting, welding, disassembly, assembly, packaging and labeling, pick and place for printed circuit boards, product inspection, palletizing, and testing. Owing to the ability of these robots to perform all above-mentioned activities, there is remarkable growth in the adoption of industrial robots among companies from various industrial sectors.
Industrial robots perform a range of activities carried out in different industries that require high levels of speed, precision, and endurance. Apart from this, they hold an ability to assist in material handling activities. In recent few years, the companies from industrial sectors are increasing adoption of industrial robots with artificial intelligence. This scenario is likely to result into upward growth curve of the global industrial robots market in the years to come.
In order to maintain the prominent position in the industrial robots market, enterprises are using diverse strategic moves such as mergers and acquisitions. In addition to this, several vendors are growing interest in the research activities in order to launch technologically advanced industrial robots.
Global Industrial Robot Market: Overview
Adoption of robots equipped with artificial intelligence in manufacturing industries is likely to accelerate the growth of global industrial robot market during the forecast timeframe.
In the last few decades, robots have revolutionized the industrial world. Industrial robots are now making their way into the larger business world. Robotic workers are now common sight in many sectors such as electronics manufacturing and automobile, now they are making foray into healthcare, food production, retail and other industries.
In an upcoming report, Transparency Market Research offers a 360-degree view of the global industrial robot market. The study attempts to elucidate all the vital strategies of growth and dynamics of the market. It also offers profiles of renowned companies that are operating in the global Industrial Robot market.
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Global Industrial Robot Market: Notable Developments
With regards to recent developments, the global industrial robot market manifest the following moves in the market
- In October 2018, DENSO, leading mobility supplier, acquired EASE Simulation Inc., a firm that specializes in the technology of automotive diagnostics. The full acquisition of EASE Simulation Inc., is expected to enable DENSO to improve the services that are offered within the scope of its non-automotive, Original Equipment Service, and aftermarket businesses
Denso Corporation, Daihen Corporation, Kawasaki Heavy Industries Ltd., Yaskawa Electric Corporation, Mitsubishi Electric Corporation, and Universal Robotics are some of the names to reckon with in the global industrial robot market.
Global Industrial Robot Market: Key Trends
The following factors are expected to propel the growth of global industrial robot market:
