Pune, India -- (SBWIRE) -- 03/13/2019 -- Industrial Robotics Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.

Growth in adoption of Industrial Robots by Electrical and Electronics Industry is anticipated to escalate the Industrial Robotics Market at a CAGR of 14.2%

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Asia Pacific holds the largest market for industrial robots. The manufacturing industry in the developing countries of Asia Pacific have experienced a seismic shift over the years, as they have established themselves as serious players, which has subsequently create a threat for the established manufacturers with their firm foothold in the developed nations. The Asian manufacturing sector is known to rapidly adopt the innovation accelerators that includes robotics along with the emerging cloud and mobility technologies. Over the years, the manufacturing spending of the region has grown significantly and is further anticipated to grow at a highest estimated growth rate. This dramatic growth in the manufacturing spends and adoption of novel technologies are the key factors fueling the demand for industrial robotics market.

Top Dominating Key Players:

1. ABB Ltd.
2. Kuka AG
3. FANUC CORPORATION
4. Toshiba Machine Co. Ltd.
5. Mitsubishi Electric Corporation
6. Comau SpA
7. GE Inspection Robotics
8. Yaskawa Electric Corporation
9. Kawasaki Heavy Industries Ltd.
10. Universal Robots A/S

The use of industrial robots by the electrical & electronics industry is experiencing a very high adoption. Majority of the manufactures in the electrical & electronics industry are located in APAC regions particularly, in countries such as Japan, Taiwan, South Korea, and China. All of the mentioned companies are noticing a significant adoption of industrial robots in the electrical & electronics industry. The growing demand for consumer electronics such as smartphones, tablets, and desktops owing to increasing affordability and decreasing prices of these products, is influencing the market growth. The labor costs of the countries where these companies are located is constantly rising. For achieve better productivity and sustain in the competitive market, the electrical & electronics manufacturers are deploying industrial robots in their manufacturing facilities. For instance, in 2016, Foxconn Electronics, a Taiwanese manufacturing company of electronic brands such as Apple's iPhone, installed replaced 60,000 workers with industrial robots. China and South Korea comprises of the largest market share of industrial robots in the electrical & electronics industry.

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The report segments the global Industrial Robotics market as follows:

Global Industrial Robotics Market- By Types

Articulated Robots
Cartesian Robots
SCARA Robots
Collaborative Robots
Others

Global INDUSTRIAL ROBOTICS Market- By Function

Soldering & Welding
Material Handling
Assembling & Disassembling
Painting & Dispensing
Milling
Cutting & Processing
Others