Top Companies in Industrial Robots Market | Comprehensive Report Offering Company Size & Share, Market Insights, Growth Analysis, Historical and Future data | Vantage Market Research
An Industrial Robots is a type of mechanical device that is programmed to carry out tasks related to industrial production automatically, and that is supplied data.
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Market Overview:
The Global Industrial Robots Market was valued at USD 45.1 Billion in the year 2021 and is forecast to reach a value of USD 89.4 Billion by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 12.1% over the forecast period. An Industrial Robot is a kind of mechanical machine that is provided with input to perform the tasks related to production in the industries. Such robots are reprogrammable, and the program can be changed many times depending on the usage and industrial requirement. Industrial robots help increase productivity by reducing costs and producing high-quality products for automation applications. Most industrial robots have a drive, end-effector, robotic manipulators, sensors, and controllers. The robotic controller is the robot's brain that helps give instructions. In addition, the robot sensors comprise microphones and cameras that keep the robot aware of the industrial environment. A robotic manipulator is generally the arm of the robot that helps the robot move and position, while the end effectors allow interaction with the workpieces.
Moreover, five types of robots used in the industries include Collaborative, Cartesian, SCARA, Cylindrical, and Articulated. The kind of robot selected depends upon the degree of freedom of movement, size required, and payload capacities. Industrial robots help in optimizing manufacturing for a healthy and efficient process. The rise of the industrial robots market is attributed to the growing adoption of robots in the manufacturing sector, government policies for adopting industrial robots, high labor costs in North America and Europe, and the ever-increasing number of SMEs globally. Furthermore, rising automation across the automotive and electronics sectors and increased focus on reducing human labor will likely offer significant opportunities for players operating in this industrial robots market.
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Some of the key players operating in the Industrial Robots Market are listed below:
|
Company Name |
Revenue in the US |
|
$29 Billion |
|
$38 Billion |
|
$12 Billion |
|
$47 Billion |
|
$1 Billion |
|
$9 Billion |
|
$4 Billion |
ABB Ltd was founded in 1988 and is headquartered at Affolternstrasse 44, Zürich, Zurich, 8050, Switzerland. The ABB Group manages its business based on a divisional structure. Its business plan comprises five divisions: Power Products, Power Systems, Discrete Automation and Motion, Low Voltage Products, and Process Automation. The company has a presence in 100+ companies and has 110,000 employees across the globe.
Mitsubishi Electric Corporation, founded on 15 January 1921 is a Japanese multinational electronics and electrical equipment manufacturing company. Mitsubishi Electric Corporation develops, manufactures, and markets electronic equipment. The company's products include industrial machinery, heavy electric machinery, data communications systems, electronic devices, and household electronics.
The company maintains head offices in both Kōbe and Tokyo. The original enterprise was a shipyard established by Kawasaki Shōzō in 1878. In 1886 Kawasaki established another shipyard in Kōbe and, upon the merger of the two in 1896, formed the Kawasaki Shipyard Company. Kawasaki Heavy Industries, Ltd. designs, develops and manufactures transport equipment and heavy industrial machinery for military and commercial use. The company produces ships, boilers, railroad cars, submarine engines, aircraft engines and parts, hydraulic and gas turbines, and industrial robots.
DENSO is the worldwide manufacturer of automotive components offering advanced automotive technologies, systems, and products. The company was founded on Dec. 16, 1949, and is headquartered in Japan. The company's products include automobile air conditioners, airbags, ignition systems, generators, power steering systems, and spark plugs with an iridium electrode. DENSO also produces communication equipment for mobile navigation systems.
The company was founded on Dec. 16, 1928, and is headquartered in Japan. NACHI-FUJIKOSHI CORP. manufactures bearings. The company also produces and sells machine tools, oil and air pressure equipment, and industrial robots.
The company was founded in May 1942 and is headquartered in Suwa, Nagano, Japan. Seiko Epson Corporation manufactures communications equipment, electronic devices, and precision products. The company's products include printers, scanners, Liquid Crystal Projectors, semiconductors, quartz devices, and watches.
The company was founded in 1915, and its head office is in Japan. YASKAWA Electric Corporation manufactures and markets motors, controllers, inverters, and industrial robots. The company's products are divided into four segments: motion control, robotics, system engineering, and information technology.
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