Top Robotics Market with COVID-19 Impact Analysis by Top Industrial Robotics: Articulated, SCARA, Cartesian, Parallel, Collaborative - Global Forecast to 2025 - ResearchAndMarkets.com

The "Top Robotics Market with COVID-19 Impact Analysis by Top Industrial Robotics (Articulated, SCARA, Cartesian, Parallel, Collaborative), Top Service Robotics (Logistics, Domestic, Medical, Defense, Rescue, and Security) - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The top robotics market is expected to grow from USD 76.6 billion in 2020 and is projected to reach USD 176.8 billion by 2025; it is expected to grow at a CAGR of 18.2% during the forecast period.

Manufacturing industries are expected to face a workforce shortage within the next few years. Due to the anticipated shortage of skilled labor in manufacturing industries, increasing automation using industrial robots to counter the skill gap is one of the solutions adopted by companies. Service robots are increasingly being adopted for new applications due to various advantages such as increased productivity, streamlined processes, and more excellent workplace safety. The main advantage of using service robots is the reduction in the cost of operation and high ROI.

Professional service robots expected to maintain its market dominance during the forecast period

Professional service robots are high-tech, sophisticated, and expensive service robots that are increasingly deployed in factories, hospitals, public buildings, and dangerous and hazardous environments. Service robots used for professional applications include drones, automated guided vehicles (AGVs), agricultural robots, inspection robots, humanoid robots, exoskeletons, construction robots, robotic kitchen, laundry robots, unmanned surface vehicles (USVs), autonomous underwater vehicles (AUVs), remotely operated vehicles (ROVs), inspection robots, telepresence robots, surgical robots, and cleaning robots. Due to the high cost of these robots, there is less penetration for domestic applications.

Collaborative robots expected to grow at highest CAGR during the forecast

Collaborative industrial robots are gaining traction not only in SMEs but are replacing traditional industrial robots in a few cases. Rising wages, the shortage of skilled workers, and tighter margins pushing SMEs to automate, and the ease of deployment of collaborative robots is contributing to their huge growth. Collaborative robots are largely being adopted by SMEs as they provide a fast ROI of about 3-12 months. Also, many collaborative robot manufactures such as Universal Robots (Denmark) have an easy-to-use programmable software, which is compatible with a wide variety of end effectors, vision systems, and other peripherals. This reduces the cost and complexity of integration when compared to traditional industrial robots. Due to the unique ability of collaborative robots to share the same workspace with a human worker, these robots are expected to be adopted at a faster rate in the coming years.

Handling application to dominate the top industrial robotics market in 2020

The term material handling encompasses a wide variety of operations such as pick and place, palletizing, packaging, and loading and unloading (or machine tending). Factors such as payload, speed, and factory layout contribute to the selection of the robot. Material handling generally requires a higher payload capacity compared with other applications. Fitting the industrial robot with the appropriate end effector is also necessary for specific material-handling applications.

Industrial robots with a payload capacity of 10 kg and more than 250 kg are adopted for the handling application. The handling application utilizes a wide range of payloads compared with applications such as welding and painting, which utilize robots with a payload between 20 kg to 50 kg and require specialized design. All types of industrial robots can perform handling applications, but the same is not the case for other applications. Hence, the handling application held the largest share.

APAC to grow at a significant rate for top service robotics market in 2020-2025

The market in APAC is expected to grow at the highest CAGR during the forecast period. This is because of the presence of countries such as Japan, China, and Korea, which, according to IFR, in 2017, were the 4th, 5th, and 6th largest service robot manufacturers. Also, the rise in disposable income due to increasing industrialization in developing countries such as India and the Philippines is expected to increase the demand for service robots. The oil & gas industry in APAC has witnessed significant growth in the past 2-3 years, which is leading to a high demand for autonomous underwater vehicles (AUVs) and remotely operated vehicles (ROVs).

The effects of COVID-19 is expected to vary widely across different regions and among different top robotic manufacturers due to disruptions in the supply chain. For service robots, pandemic is prompting more service robot usage worldwide The European Commission is offering small businesses USD 178 million in funding to develop treatment, testing, monitoring, and other robotic technologies.

In China, drones, AGVs, and telepresence robots are being deployed in hospitals and other areas for transport, cleaning, and remote checkup. For industrial robots, European and North American industrial robotics market saw a sharp decline in the first and second quarter of 2020. Due to the faster recovery in APAC countries such as China and Japan, the negative impact of industrial robots is expected to subside over time.

Market Dynamics

Drivers

• Growing Demand For Collaborative Robots Across All Industry Segments
• Anticipated Shortage Of Skilled Labor In Manufacturing Industries
• Initiatives By Governments And Public-Private Companies To Mitigate Covid-19 Impact

Restraints

• High Cost Of Deployment, Especially For Smes
• Reduction Of Jobs Due To Automation

Opportunities

• Increasing Automation In Electronics Industry

Challenges

• Interoperability And Integration Issues With Industrial Robots
• Difficulties Faced By Startup Companies To Virtually Demonstrate Their Products

Tariffs And Regulations

• Positive Impact Of Tariffs On Industrial Robots
• Negative Impact Of Tariffs On Industrial Robots

Regulations

Case Studies

• Robotic Laser Cutting And Heavy-Part Material Handling Help Upf Reduce Operating Costs And Increase Production Flexibility
• Royal Dutch Shell Implemented Industrial Robots From Fanuc To Increase Productivity In Manufacturing Solar Cells
• Hitachi Powdered Metals Deployed Robotic Automation From Abb, Boosting Production By 400%
• Westheimer Brewery Automated Its End-Of-Line Processing Using Robots From Kawasaki Heavy Industries
• Online Pharmacy Apotea Achieved 30% Higher Productivity By Deploying Abb Robots
• Ford Deploys Three Ur10 Collaborative Robots From Universal Robots For Automated Engine Oil Filling
• Beyerdynamic Used Ur3 And Ur5 Collaborative Robots By Universal Robots To Increase Quality And Productivity
• Baumruk & Baumruk Automated Its Process Of Loading Smaller Parts Into Milling Centers
• Cascina Italia Improved Flexibility And Operational Efficiency Of Its Business With Ur5 Robot By Universal Robots
• Copenhagen University Hospital Used Collaborative Robots For Handling And Sorting Blood Samples For Analysis

Companies Mentioned

• ABB
• Yaskawa
• Fanuc
• Kuka
• Mitsubishi Electric
• Irobot
• Softbank Robotics Group
• Intuitive Surgical
• Delaval
• Daifuku
• Kawasaki Heavy Industries
• Denso
• Nachi-Fujikoshi
• Seiko Epson
• Universal Robots
• Cyberdyne
• DJI
• Kongsberg
• Northrop Grumman
• Neato Robotics

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View source version on businesswire.com: https://www.businesswire.com/news/home/20201130005419/en/