Industrial Robots Market Players Integrate Artificial Intelligence, Increasing Growth Rate to 10%
Commercial Research Company Industrial Robots Market 2022 – Opportunities and Strategies – Global Forecast to 2031
LONDON, GREATER LONDON, UK, July 19, 2022 /EINPresswire.com/ — Robots with artificial intelligence are a key trend, gaining popularity in the global industrial robot market. AI-enabled robots are robots that use AI technology sensors, actuators, and vision systems that are used to perform tasks such as cleaning equipment, transporting materials in factories, and task management. AI-enabled robots are used in several industries. For example, Qualcomm, a US-based company, launched the world’s first 5G and AI robotics platform. AI-enabled robots are also used in medicine and can be used to detect lung cancer during X-ray screening.
The global industrial robot market size is expected to grow from $42.59 billion in 2021 to $69.21 billion in 2026 at a rate of 10.2%. The global industrial robot market share is then expected to grow at a CAGR of 9.6% from 2026 and reach $109.35 billion in 2031.
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The COVID-19 pandemic is expected to drive the growth of the industrial robot industry in the future. For example, in 2021, an ABB Robotics survey of 250 UK manufacturing companies revealed a change in attitude towards automation in the country, with 81.2% of companies saying they would consider investing in robots due to the pandemic. Robots are seen as a potential solution: 48.8% of respondents said they were likely to invest in automation over the next five years, and 50.4% said robots would help them comply with social distancing requirements. Health and safety regulations and staffing shortages were other considerations behind the increased interest in automation. According to the industrial robot market analysis, the COVID-19 pandemic is expected to drive the market growth.
The major players covered in the global industrial robot industry are ABB Ltd., Fanuc Ltd., Yaskawa Electric Corporation, Mitsubishi Electric Corporation, Kawasaki Heavy Industries Ltd.
The TBRC Industrial Robots market report is segmented by product type into Articulated Robots, Linear Robots, Cylindrical Robots, Parallel Robots, SCARA Robots, Others.
Industrial Robots Market 2022 – By Product Type (Articulated Robots, Linear Robots, Cylindrical Robots, Parallel Robots, Scara Robots), By End User Industry (Automotive, Electrical & Electronics, Healthcare & Pharmaceuticals, Food & beverages, rubber and plastics, metals and machinery), by application (pick and plane, handle and weld, material handling, assembly, cutting and processing), and by region, opportunities and strategies – Global forecasts to 2031 are part of a series of new reports from The Business Research Company that provides an overview of the Industrial Robots Market, forecasts the Industrial Robots Market size and growth for overall market, Industrial Robots Market segments, geographies, Industrial Robots Market Trends, Industrial Robots Market Drivers, Constraints, Revenue, Profiles and Pricing Market Share main competitors.
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