Industrial Robotics Market: An Array Of Graphics And SWOT Analysis Of Major Industry Segments 2019 - 2027

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Industrial Robotics Market: Introduction
Industrial robots have a vital role to play in automation of industries, as several key operations are taken care of by industrial robots in several industries. Economic development in various countries offers promising growth opportunities to the global industrial robotics market. Rapid expansion of e-Commerce activities coupled with phenomenal growth of automotive and electronics industries is an added impetus to the global industrial robotics market.
Some of the renowned market players analyzed in the report on the global industrial robotics market are Yaskawa Motoman Robotics, Kawasaki Heavy Industries, Denso Corporation, Toshiba Machine Co., Ltd., Fanuc Robotics, and KUKA Robotics. The global industrial robotics market is projected to reach US$ 297 Bn by 2027. The market is likely to grow at a CAGR of ~9% from 2019 to 2027.
Growing Demand for Collaborative Robot to Drive Industrial Robotics Market
Collaborative robots are built to work alongside human beings through interaction in a shared workspace. Collaborative robots have the ability to automate the work easily and hence, are used in variety of applications such as packaging, pick and place, screw driving, assembly, lab testing, and quality inspection. Furthermore, collaborative robots help companies to enhance the production output with high levels of work safety, as these robots can perform repetitive work at a faster pace. 
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Extensive Deployment of Industrial Robots in Manufacturing Units Drives Market in North America
According to the findings of the Association for Advancing Automation, around 27,294 robots were ordered in the first nine months of 2019. These robots were valued at around US$ 1.473 Bn. North America is likely to lead the global industrial robotics market in the coming years. Substantial reliance of North American manufacturing units on advanced and innovative technological solutions to generate high quality output at reduced cost is fueling the market. Increased implementation of advanced software programs to stay ahead of competition is responsible for growth of the industrial robotics market in North America.
Modern manufacturing facilities in North America substantially depend on new innovative technologies to produce higher quality products at high speed and reduced costs. Manufacturing facilities are implementing more intelligent software and hardware to survive in the current competitive scenario.

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