Industrial Robotics Market Size

Industrial Robotics Market Size

Industrial Robotics Market size was valued at over USD 14.5 billion in 2022 and is anticipated to grow at a CAGR of over 12% up to 2032 Owing to the growing adoption of collaborative robots, often referred to as cobots. Cobots are designed to work alongside human operators in a shared workspace, enabling human-robot collaboration in tasks that require close interaction & coordination. Cobots are built with advanced safety features that allow them to operate safely while being in proximity with humans. This eliminates the need for traditional safety barriers, enabling enhanced efficiency in the use of workspaces and reducing the need for dedicated robot zones.

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An industrial robot is a mobile or fixed multifunctional manipulator that can be autonomously controlled or reprogrammed in three or more axes and used in industrial automation applications. The industrial robot consists of a manipulator with actuators, a controller with a teach pendant, and any communication interface (hardware & software).

The operation & maintenance of industrial robots requires a skilled workforce, with expertise in robotics, automation, and troubleshooting. The shortage of qualified personnel will pose challenges for the industries seeking to adopt robotic solutions. Companies may need to invest in trainings or compete to attract skilled technicians. The integration of industrial robots into existing production workflows can be a complex process. Specialized skills & expertise is required to ensure that robots work seamlessly with other machinery along with coordinating tasks and following the desired sequence.