The global robotics market has passed a valuation of $94.06 billion

The global robotics market has passed a valuation of $94.06 billion

WESTFORD, USA, Oct 11, 2022 (GLOBE NEWSWIRE) – Robots are increasingly becoming a staple in many industries as organizations strive to automate various tasks and processes. The global industrial robotics market is expected to grow significantly in the next few years. SkyQuest has released a detailed analysis of Global Android Market, to highlight the current market situation and future prospects. The report provides an in-depth look at the competitive landscape, with profiles of the leading players and detailed insights into their business strategies. It also includes a comprehensive assessment of the major trends and drivers shaping the industry.

The report found that the global robotics market is currently valued at around US$29.81 billion, with sales value expected to grow at a compound annual growth rate of 17.84% over the next seven years. North America and Europe are currently the largest robotics markets, accounting for about 60% of total demand. Asia Pacific is expected to be the fastest growing region, with sales expected to grow at a compound annual growth rate of 23.8%.

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The industrial robotics sector is currently the largest application area of ​​robots, accounting for 43% of the total demand in 2021. The automotive sector is the second largest user of robots with a share of 30%. Robots are increasingly being used in other sectors such as healthcare, food and beverage, consumer goods and logistics.

One of the main trends driving growth in the robotics market is the increasing reliance on collaborative robots (cobots). Cobots are designed to work alongside humans in manufacturing and other industrial applications. They are usually small and lightweight, which makes them safe to work with. The report found that bots are becoming increasingly popular as they offer an economical and versatile solution to automation needs.

The report on the Global Robots Market discusses how the adoption of robots is reshaping manufacturing, logistics and other industries. It also highlights the opportunities and challenges that companies face as they seek to implement robotic solutions. In addition, SkyQuest provides recommendations on how companies can unlock the full potential of their businesses in the global robotics market.

Robots will make up 30% of all manufacturing by 2030

SkyQuest’s analysis of the role of robots in Industry 4.0 finds that robots will play an increasingly important role in the future of work. As industries become more automated, robots will take on more complex tasks and responsibilities, making them an indispensable part of the workforce.

Our analyst predicts that by 2030, 30% of all industrial tasks will be performed by robots. This transformation in the global robotics market will require companies to adapt their business models and HR strategies to make the most of the opportunities offered by Industry 4.0. The rise of the robotic workforce will bring a number of benefits to companies, including increased productivity, efficiency, and flexibility. However, companies will need to ensure that their employees are trained to work alongside bots, and that they have a clear understanding of the roles and responsibilities each team member will play.

According to a recent report on the robotics market from SkyQuest, adoption of Industry 4.0 technologies could increase global GDP by $2.7 trillion by 2025. The report expects robotic manufacturing to account for the lion’s share of this growth, with an estimated increase of $1.6 trillion in Produce. Our analysis found that Industry 4.0 technologies can help manufacturers address some of the biggest challenges they face, including rising labor costs, lower productivity, and increased competition from low-cost countries.

The study on the robotics market found that companies embracing Industry 4.0 technologies can expect to increase productivity, improve quality, and reduce waste. In addition, these companies will be more competitive in global markets and take advantage of new customer segments.

South Korea, Singapore, Japan, Germany and Sweden are countries in the robotics market

In just the past four years, the global robotics density – the number of robots per 10,000 workers – has increased from 66 to 74. This is an increase of more than 12%. The largest contributor to this growth is Asia, where the density of robots grew from 54 to 78 between 2016 and 2021. In China alone, the number of operating industrial robots has increased by nearly 3 million in the past two years.

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The automotive industry remains the largest user of the global industrial robotics market, accounting for about 30% of the global total. The density of car robots has grown to 133 behind 10,000 employees and 2021. It has been found that the US automotive sector has more than 1287 units installed behind 10,000 employees.

The next largest users are the electronics industries (19%), food and beverages (16%), and metals and machinery (14%).

According to recent SkyQuest results, there are at least 126 robots behind 10,000 workers. The main producers of robots are South Korea, Singapore, Japan, Germany and Sweden. These countries produce more than 70% of the world’s robots. The Japan Robotics Association estimates that there are more than 320,000 industrial robots in use in Japan. This is the highest number of any country.

Robots are widely used in many different industries in different countries in the global robotics market. In Japan, they are most commonly used in the automobile industry. In China, they are used in electronics and other manufacturing industries. In the United States, industrial robots are used in a range of industries including automobiles, food and beverages, plastics, and chemicals. South Korea also has a very high density of industrial robots, 926 per 10,000 workers and they are widely used in the automotive and semiconductor industries.

20 million jobs will be lost by robots by 2030

There are many reasons for this trend in the global robotics market. First, robots are becoming more affordable as prices continue to fall. Second, it requires less maintenance from human workers and can work longer hours. Third, robots are generally more accurate than humans, which is critical in many manufacturing processes.

Fourth, manufacturers are under pressure to cut costs and increase efficiency in the face of global competition. Automation with robots can help them meet these challenges. Finally, there is a growing shortage of human workers available to do manual work across the global robotics market, as people are becoming better educated and increasingly looking for white collar jobs.

The rise of robots is coming. By 2030, as many as 20 million factory jobs around the world could be replaced by robots, according to a new report from SkyQuest. This represents about one fifth of the manufacturing jobs that exist today. The impact will be greater in China, where 12 million to 13 million factory jobs could disappear by 2030. But the United States will not be immune either: as many as 2 million manufacturing jobs in America could disappear in the next decade or so.

Factory automation has been going on for decades, of course in the global robotics market. What is new, however, is the accelerating pace of advances in robotics and artificial intelligence that are making machines more capable and cheaper to use. Prototypes of advanced robots are already being tested in factories across China and America. One example is a robot developed by parent Google, Alphabet, which can be used for tasks such as moving heavy boxes and loading trucks. These so-called “shared robots” work alongside human workers rather than directly replacing them.

While manufacturing is expected to be the worst affected sector of the robotics market, other industries such as retail and healthcare are also at risk of significant robot job losses. However, it’s not all bleak, as the study also predicts that robots will create new jobs in different sectors as well as make existing jobs more efficient.

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Major Players in the Global Robotics Market

  • ABB Ltd
  • Yaskawa Electric Company
  • Denso company
  • Fanuc . Company
  • Kuka AG
  • Kawasaki Heavy Industries Co., Ltd.
  • Toshiba Corporation
  • Panasonic Corporation
  • Staubli International AG
  • Nachi Robotic Systems Inc.
  • Yamaha Motor Co., Ltd.
  • Seiko Epson
  • Comau SpA (Stellantis NV)
  • Omron Adept Technologies Inc.
  • Intuitive Surgical Inc.

Related reports in the SkyQuest library:

Global Underwater Audio Modems Market

Global Hard Disk Drives (SSD) Market

Global thermal camera market

Global market for flexible electronics

global industrial supply market

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