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Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices
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Meet Abi
Discover Market Info
Manage Risk
Find Suppliers
Assess Category Performance
Source Market Indices
Abi will answer all Robotics related
procurement queries with relevant data points
Abi - AI powered digital procurement assistant
Get up-to-date market and supplier info on Robotics to help you build
Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices
Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices
Assess Supplier Risk based on key risk and compliance parameters
Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.
Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus
Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography
Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings
Benchmark your category performance against peers and the market
Measure category performance on 15 key parameters across cost, risk and strategy KPIs
Get information on key factors affecting your supply
Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics
36,000 Units
50,073 Units
1587 Units
Category Intelligence on robotics covers the following:
Fast-paced industrial automation is majorly driving the adoption of industrial robotics. Automated robots are making huge inroads into small and large enterprises given their affordability and accessibility.
The International Federation of Robotics (IFR) has revealed that the global average count of industrial robots per 10,000 workers increased from 66% in 2015 to 85% in 2017.
With surging pressure on domestic manufacturing and demand, intelligent robotics are expected to see exponential growth.
In 2015, 2.50 Lakh units of industrial robots were sold and the market was set to grow at a CAGR of 14% to reach 4.30 Lakh units by 2019.
China leads the position as the biggest market with a share of 27%, followed by Korea and Japan.
By 2019, Soft Robotics mGrip gripper system innovation helped the company raise $23 million. They also entered into a partnership with Fanuc. Such innovations in the field of control automation are expected to foster industrial robotics market growth.
Industrial Robotics End-user Market(2015)
Drivers
Demand from the Manufacturing Sector:
The COVID-19 pandemic has triggered the adoption of robotics in the healthcare industry to assist medical staff. Medical professionals are increasingly using robots in the diagnosis, testing, and treatment of COVID-19 affected patients. Various hospitals are leveraging robots to treat infected patients distantly and efficiently. The consequent physical distancing protocols have substituted human workers with intelligent robots, subsequently increasing the robotics market size. As some of these protocols may remain intact in the near future, demand for robots is likely to surge.
Internet of Robotic Things (IoRT):
Recent technological advancements in robotics and AI have led to the introduction of IoRT, which makes use of devices to fuse sensor data from multiple sources and use intelligence to determine the course of action. As Industry 4.0 is expected to play a pivotal role in global manufacturing, IoRT will help in more efficient and easier methods for robotic manipulation and grasping in manufacturing functionalities leading to increased use of robotics
Collaborative Robots:
Collaborative robots are light, cost-effective, and adaptive. They work along with human workers, assisting them with a variety of tasks without the need for safety barriers. This is set to drive the robotic market in the coming years as most manufacturers are eager to adopt this technology as it promises higher ROI.
Constraints
Stagnation of Industrial Manufacturing:
The global slowdown in investments and stagnating manufacturing activity has led to the stagnation of industrial production which will lead to lesser investments in automation and hamper the growth of robotics.
High Cost of Robotics:
High initial costs involved in the set up of robots hampers the growth of the market as it takes a longer period to recover the ROI.
Availability of Low-Cost Labor across Developing Economies:
The availability of low-cost labor across developing countries has hindered the growth of the robotics market.
Rising Data Privacy Concerns:
Ethical concerns related to the ownership of information, especially with the upsurge of software services for robots are an existing challenge for robotics makers and the global robotics market at large.
The report provides information on the robotics industry market size, drivers and constraints, industrial robotics market analysis, and Porter’s five forces analysis for the global robotics market. It gives the regional market outlook for North America, Europe, APAC, etc. It lists out the different types of industrial robots, and industrial robot market size. This industrial robotics market analysis report details the major technological breakthroughs in the robotics industry and gives the profiles of key players like ABB, Kawasaki, Fanuc, etc. It gives information on the Internet of Robotic Things (IoRT).
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