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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
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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
There is an increase in demand for industrial robots in recent years as companies are striving to improve the productivity of their complex production lines. Other priorities include cost savings, improving quality and increasing manufacturing flexibility by means of automation.
Recent trends in robotics have led to the introduction of innovative technical improvements with robots possessing human traits such as intelligence, object recognition, flexibility, and learning ability which are fast adopted by manufacturing companies.
In 2015, 2.50 Lakh units of industrial robots were sold and the market was set to grow at a CAGR of 14 percent to reach 4.30 Lakh units by 2019.
China leads the position as the biggest market with a share of 27 percent, followed by markets of Korea and Japan.
At the end of 2019, Soft Robotics mGrip gripper system innovation helped the company raise $23 million. They also entered into a partnership with Fanuc. More such innovations in the field of control automation are expected that would affect the industrial robotics market.
Industrial Robotics End-user Market(2015)
Drivers
Demand from the Manufacturing Sector:
The impact of COVID-19
COVID-19 has led to an increase in the need for robotics technology to assist medical staff. Hospitals have been using robots in various functional areas. This ranges from carrying out temperature scans to disinfecting hospital areas to deliver medications to patients. The robot made by Blue Ocean Robotics has been used in Wuhan to bring things under control.
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.
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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