Industrial robotics: Key market research findings
- Growing demand for cobots
- Increased adoption of robots in medical device manufacturing
Technavio has released a new market research report on the industrial robotics market, which is expected to grow at a CAGR of 12% between 2016 and 2020. The industrial robotics market in the US is growing significantly due to increasing automation in the manufacturing sector and advances in the robotic technology. The market is witnessing high demand from the foods and beverages, electronics and semiconductors, pharmaceutical, and rubber and plastic industries. Manufacturers have come up with various technological innovations such as robotic grippers and vision sensors have improved the functionality of the industrial robots, enabling them to operate in non-traditional industries.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Collaborative robots are new industrial robots designed to operate collaboratively with humans. They are lightweight and simpler as compared to traditional robots and require minimal programming. They are used for lightweight operations, such as placing products in trays or cases, to heavy-duty applications that include depalletizing and palletizing. They are easy to program and control and are cost-effective. Recently, ABB launched a two-armed collaborative robot called YuMi, which can perform advanced manual tasks. This robot can handle small parts assembly such as mechanical components for smartphones, tablets, PCs, and other consumer electronics,” says Bharath Kanniappan, Lead Analyst, Industrial Automation, Technavio Research
The medical equipment market is growing rapidly due to changes in population demographics and advances in medical technology. This has pushed several medical companies to adopt industrial robots to meet the growing demand and to adhere federal guidelines and certifications. These robots are used to assemble products such as pacemakers, surgical instruments, electro-medical equipment, and dental and ophthalmic goods. Tegra Medical, a medical device manufacturer in Massachusetts, doubled its manufacturing throughput by implementing manufacturing robots in their facilities.
The leading vendors in the industrial robotics market in the US include ABB, Adept Technology, FANUC, KUKA and Yaskawa Electric. The market is highly fragmented and comprises several regional and local vendors. The local vendors find it difficult to compete in terms of quality, features, and capability because of increased footprint of the international vendors.
A more detailed analysis is available in the Technavio report, Industrial Robotics Market in the US 2016-2020.
