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Industrial Robots Market Size [2022-2029] Worth USD 35.68 billion by 2029 | Exhibiting a CAGR of 11.4%

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Pune, India, May 15, 2023 (GLOBE NEWSWIRE) — The global industrial robots market size is anticipated to reach USD 35.68 billion by 2029 and register a striking CAGR of 11.4% during the forecast period. Increasing investments across various industries, coupled with the rising small and medium-sized factories are projected to stimulate the growth of the market. Fortune Business Insights has presented this information in its report titled, “Industrial Robots Market, 2022-2029”. The market size stood at USD 15.60 billion in 2021 and USD 16.78 billion in 2022.
Additionally, the expanding logistics industry and the growing automation adoption across the industry are expected to create lucrative growth opportunities for the market.

Request a Free Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/industrial-robots-market-100360


Key Takeaway:

  • Based on Robot type, the market is divided into SCARA, articulated, cartesian/linear, cylindrical, parallel, and others.
  • Based on Application, the market is classified into welding & soldering, pick & place, assembling, material handling, cutting & processing, and others.
  • The Asia Pacific market was valued at USD 7.69 billion in 2021. Asia Pacific is expected to dominate the worldwide market during the forecast period.
  • North America is predicted to rise significantly as the worldwide market is driven by the advent of smart factories and industry 4.0, resulting in increased demand for customized and small robotic systems.

Factors Affecting the Stakeholders of the Industrial Robots Market (2029):

  • Manufacturers of industrial robots: These are companies that design, develop, and produce industrial robots for various applications.
  • End-users: These are the companies that purchase and use industrial robots for their manufacturing processes. They could be from various industries such as automotive, electronics, healthcare, and others.
  • System integrators: These are companies that provide customized solutions to end-users by integrating various components such as robots, sensors, and software.
  • Suppliers of components and accessories: These are companies that provide components and accessories such as motors, controllers, grippers, and sensors that are used in industrial robots.
  • Distributors and resellers: These are companies that distribute and resell industrial robots and related components to end-users.
  • Industry associations: These are organizations that represent the interests of the industrial robots industry and provide a platform for networking and knowledge sharing.

COVID-19 Impact-

Positive Surge in Demand for Industrial Robots During COVID-19
The coronavirus pandemic gave a major boost to product demand across various industries. Various initiatives and regulations for workplace safety and avoiding industrial accidents have potentially accelerated the industrial robots market growth. The incorporation of advanced sensors and technologies such as Artificial Intelligence (AI) has aided the market’s expansion. The major players operating in the market are adopting various strategies to amplify their global presence, which is likely to further escalate the market expansion in the coming years.

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To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/industry-reports/industrial-robots-market-100360

Report Coverage:

  • It delivers a comprehensive analysis of the market’s growth drivers.
  • It offers insights into the development strategies being adopted by the leading players.
  • The impact of the pandemic on the growth of the market is presented in the report.
  • It covers an assessment of leading market players and profiles them accordingly.
  • Various segments of the market are described in detail.

Industrial Robots Market Segments:

On the basis of robot type, the market is divided into parallel, cartesian/Linear, cylindrical, SCARA, articulated, and others. On the basis of application, the market is segmented into cutting & processing, assembling, material handling, welding & soldering, pick & place, and others. On the basis of industry, the market is categorized into metals & machinery, rubber & plastic, food & beverages, healthcare & pharmaceutical, electrical & electronics, automotive, and others. Geographically, the market is classified into Latin America, Europe, the Middle East & Africa, North America, and Asia Pacific.

Regional Insights-

High Demand from Various Industries to Fuel Growth in Asia Pacific

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Asia Pacific is predicted to bestride the global industrial robots market share. The increasing automation demand across India, China, and Japan is the major growth propellant for the market in Asia Pacific. Additionally, the improving disposable income levels, coupled with the expanding populace require production capacity expansions. This escalating need for higher and swift production capacity is estimated to flourish in the market growth in Asia Pacific.
North America is expected to witness substantial development in the coming years due to the emergence of Industry 4.0 and smart factories.
Europe is anticipated to exhibit significant growth due to rising industrial robots’ up-gradation across aerospace, food & beverage, electronics, and other industries.
Latin America and the Middle East & Africa are projected to gain immense growth due to increasing industrialization and automation adoption.

Competitive Landscape-

Major Players Launch New Products to Acquire Growth

The major market players emphasize technological innovations through extensive research and development activities to launch highly efficient and modern industrial robots. They adopt various strategies, including mergers, acquisitions, collaborations, and others to amplify their global outreach. For instance, Omron Corporation expanded its mobile robot series by launching a new mobile robot in November 2019. The new robot has the capacity of moving a payload of up to 250 kg.

Quick Buy – Industrial Robots Market Research Report:

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https://www.fortunebusinessinsights.com/checkout-page/100360

Scope of the Report:

Report Attribute Details
Market Value (2021) USD 15.60 billion
Market Size (2029) USD 35.68 billion
CAGR (from 2022 to 2029) 11.4%
Asia Pacific Industrial Robots Market Size (2021) USD 7.69 billion
Historic Period 2018-2020
Base Year 2021
Forecast Year     2022-2029

Drivers & Restraints

Expansion of E-commerce & Logistics Industries to Bolster Market Growth

Industrial robots are highly demanded across various industries such as equipment, packaging, consumer electronics, automotive, pharmaceuticals, and others. They aid heavy lifting operations and also help in cutting costs. Industrial robots’ deployment aids in production and efficiency improvement, which is a crucial factor boosting the market’s growth.
The expanding e-commerce industry due to rising online purchases by consumers has led to an uptick in the logistics sector. The demand for faster and more efficient delivery has grown prominently, and the incorporation of advanced industrial robots streamlines the process.
However, high maintenance and initial investment costs may impede the growth of the market during the forecast period.

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List of Key Players Mentioned in the Report:

  • ABB (Switzerland)
  • YASKAWA ELECTRIC CORPORATION (Japan)
  • Mitsubishi Electric Corporation (Japan)
  • NACHI-FUJIKOSHI CORP. (Japan)
  • Comau SpA (Italy)
  • KUKA AG (Germany)
  • FANUC CORPORATION (Japan)
  • DENSO CORPORATION. (Japan)
  • Kawasaki Heavy Industries, Ltd. (Japan)
  • Omron Corporation (Japan)

Recent Development of the Agriculture Equipment Market:

  • FANUC and BMW AG signed a framework agreement wherein FANUC will supply 3,500 robots for new production lines and plants. These robots will be deployed in developing the existing and future generations of BMW models.
  • FANUC introduced the newest collaborative robot, the CRX 10-iA. The new robot can perform highly functional tasks under a flip motion to perform repetitive tasks.

Have Any Query? Ask Our Experts:

https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/industrial-robots-market-100360

Major Table of Contents:

  • Introduction
    • Definition, By Segment
    • Research Approach
    • Sources
  • Executive Summary
  • Market Dynamics
    • Macro and Micro Economic Indicators
    • Drivers, Restraints, Opportunities and Trends
    • Impact of COVID-19
      • Short-term Impact
      • Long-term Impact
  • Competition Landscape
    • Business Strategies Adopted by Key Players
    • Consolidated SWOT Analysis of Key Players
    • Porter’s Five Forces Analysis
    • Global Industrial Robots Key Players Market Share Insights and Analysis, 2021
  • Global Industrial Robots Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
      • Key Findings
      • By Robot Type (USD Bn)
        • Articulated
        • SCARA
        • Cylindrical
        • Cartesian/Linear
        • Parallel
        • Others (Collaborative, etc.)
      • By Application (USD Bn)
        • Pick & Place
        • Welding & Soldering
        • Material Handling
        • Assembling
        • Cutting & Processing
        • Others (Painting, etc.)
      • By Industry (USD Bn)
        • Automotive
        • Electrical & Electronics
        • Health & Pharmaceuticals
        • Food & Beverage
        • Rubber & Plastic
        • Metals & Machinery
        • Others (Construction, Defense, Logistics)
      • By Region (USD Bn)
        • North America
        • Europe
        • Asia Pacific
        • Middle East & Africa
        • Latin America
  • North America Industrial Robots Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
      • Key Findings
      • By Robot Type (USD Bn)
        • Articulated
        • SCARA
        • Cylindrical
        • Cartesian/Linear
        • Parallel
        • Others (Collaborative, etc.)
      • By Application (USD Bn)
        • Pick & Place
        • Welding & Soldering
        • Material Handling
        • Assembling
        • Cutting & Processing
        • Others (Painting, etc.)
      • By Industry (USD Bn)
        • Automotive
        • Electrical & Electronics
        • Health & Pharmaceuticals
        • Food & Beverage
        • Rubber & Plastic
        • Metals & Machinery
        • Others (Construction, Defense, Logistics)
      • By Country (USD Bn)
        • U.S.
          • By Robot Type (USD Bn)
            • Articulated
            • SCARA
            • Cylindrical
            • Cartesian/Linear
            • Parallel
            • Others (Collaborative, etc.)

TOC Continued…!

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Artificial Intelligence

Workers embrace AI and prioritise skills growth amid rising workloads and an accelerating pace of change: PwC 2024 Global Workforce Hopes & Fears Survey

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Almost half (45%) of workers say their workload has increased significantly in the past year, as almost two-thirds (62%) say the pace of change at work has increased over the same timeMore than one-quarter (28%) say they are very or extremely likely to switch employer in the next 12 months – a higher proportion than during the ‘Great Resignation’ (19%) in 2022Employees prioritise skills-growth: fewer than half (46%) strongly or moderately agree that their employer provides adequate opportunities to learn new skills. This is particularly important for workers considering leaving: two-thirds (67%) say opportunities to learn new skills are a key factor in any decision to job-switchMore than 80% of workers who use generative AI daily expect it to make their time at work more efficient in the next 12 months. Half (49%) of all users expect it to lead to higher salariesCost-of-living pressures ease slightly: the proportion of workers with money left over each month rises to 45% (compared to 38% in 2023). However, 52% say they are still financially stressedLONDON, June 25, 2024 /PRNewswire/ — Among more than 56,000 workers across 50 countries and territories, many say they are prioritising long-term skills growth to accelerate their careers amid rising workloads and heightened workplace uncertainty, according to PwC’s 2024 Global Workforce Hopes & Fears Survey, published today.

In the last 12 months, workers say they have experienced rising workloads (45%) and an accelerating pace of workplace change. Nearly two-thirds (62%) say they have experienced more change at work in the past year than the 12 months prior, with two-fifths (40%) noting their daily responsibilities have changed to a large or very large extent. Almost half (44%) don’t understand the purpose of changes taking place.
In the midst of this growing mix of employee pressures, the findings suggest workers are alert to opportunities elsewhere, and are highly focused on skills growth and embracing AI.
More than one-quarter (28%) say they are likely to switch employer in the next 12 months, a percentage far higher than during the ‘Great Resignation’ (19%) of 2022. Two-thirds (67%) of those considering moving say skills is an important factor in their decision to stay with their current employer or switch to a new one.
Carol Stubbings, Global Markets and Tax & Legal Services (TLS) Leader, PwC UK, said:
“As workers face heightened uncertainty, rising workloads and continue to face financial stress, they are prioritising skills growth and embracing new and emerging technologies such as GenAI to turbocharge their growth and accelerate their careers. The findings suggest that job satisfaction is no longer enough. Employees are placing an increased premium on skills growth in a climate characterised by constant technological change. Employers must ensure they are investing in their employees and technological platforms to mitigate employee pressures and retain the brightest talent.”
Workers embrace AI to ease workplace pressures and unlock personal growth
As employees face heightened workplace pressures, they are also turning to new and emerging technologies such as generative AI (GenAI) to help. Among those employees who use GenAI daily, 82% expect it to make their time at work more efficient in the next 12 months.
Employees are also optimistic about opportunities for GenAI to support their growth. Half (49%) of all users expect GenAI to lead to higher salaries – an expectation that’s even higher (76%) among employees who use the technology daily. More than 70% of users agree that GenAI tools will create opportunities to be more creative at work (73%) and improve the quality of their work (72%).
The skills imperative
Workers are placing an increased premium on skills growth to mitigate their concerns and accelerate their careers. Employees who say they are likely to switch employers in the next 12 months are nearly twice as likely to strongly consider upskilling in that decision than workers planning to stay (67% vs. 36%). This comes as fewer than half (46%) of all employees moderately or strongly agree that their employer provides adequate opportunities to learn new skills that will be helpful to their careers.
Employees who are likely to leave in the next year may be more attuned to skills changes that are needed than the general workforce, with 51% moderately or strongly agreeing that the skills their job requires will change in the next five years (vs. 29% of those unlikely to change employer).
There is particular interest in the impact of AI on skills development, with 76% of all users expecting it to create opportunities to learn new skills at work. However, employers will need to invest heavily in new and emerging technology training and access. Among employees who have not used GenAI at work in the last 12 months, one-third (33%) don’t think there are opportunities to use the technology in their line of work, while 24% don’t have access to the tools at work, and 23% don’t know how to use the tools.
Despite the pace of change, there are also signs of optimism and engagement at work. 60% of workers expressed at least moderate job satisfaction (up from 56% in 2023) while more than half (57%) of employees who view fair pay as important agree that their job is fairly paid. Cost-of-living pressures have slightly eased since 2023 (the proportion of workers with money left over each month has risen to 45%, up from 38%). However,  more than half (52%) say they are still financially stressed to some degree.
Pete Brown, Global Workforce Leader, PwC UK, said:
“Technology is fundamentally transforming the way work gets done and the types of skills employers are looking for. Employees are therefore placing an increased premium on organisations that invest in their skills growth so that they can stay relevant and thrive in a digital world. Businesses in turn must be proactive in their upskilling programs – prioritising the employee experience and being transparent. Because when you meaningfully engage your workforce, they become an accelerant for successful transformation.”
Notes to Editors: 
About the Survey
In March 2024, PwC surveyed 56,600 individuals across 50 countries and territories who are in work or active in the labour market. The sample was designed to reflect a range of industries, demographic characteristics and working patterns. You can read the full report on pwc.com.
About PwC
© 2024 PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.
Contact:  Imran Javaid, Global Corporate Affairs and Communications, PwC UK: [email protected] Dan Barabas, Global Corporate Affairs and Communications, PwC UK: [email protected]
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Amagi Showcases New Stream Technology With VIZIO

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Amagi’s new Zero Slate delivers personalized linear streaming, resulting in increased viewership on VIZIO FAST channels 
NEW YORK, June 24, 2024 /PRNewswire/ — Amagi, the global leader in cloud-based SaaS technology for broadcast and Connected TV (CTV), today announced the first successful showcase of Amagi’s Zero Slate technology on VIZIO’s owned and operated WatchFree+ channels, part of Amagi’s broader Stream Personalization initiative. This innovative new offering enhances the streaming experience with its highly impactful, patent-pending technology that can dynamically adjust the length of ad breaks on a per-viewer basis, eliminating the need for slates or filler to round out linear ad breaks.

This new “viewer-first” personalized approach to digital streaming has already demonstrated a lift in viewership (Amagi ANALYTICS showing more than 20% increase) on VIZIO’s owned and operated channels utilizing the Zero Slate capabilities. This industry-first innovation from Amagi paves the path for a more engaging and profitable future for entertainment and enhanced viewer experiences.
Data from Amagi ANALYTICS indicates that slates, often used to fill the unsold portion of ad pods, may increase viewer churn by as much as 15% in today’s Free Ad-supported Streaming TV (FAST) ecosystem. Zero Slate’s early success demonstrates that personalizing pod length can boost viewer engagement, enabling more high-quality viewing experiences over time. This capability also represents an important first step for Amagi toward a broader suite of Stream Personalization capabilities that offer even more engaging linear viewing experiences.
“We are pleased to partner with Amagi on this showcase of their Zero Slate technology. This collaboration reinforces VIZIO’s commitment to enhancing user experiences and delivering personalized content as we expand Zero Slate across more channels,” said Katherine Pond, Group Vice President of Platform Content and Partnerships at VIZIO.
“We are grateful to have partnered with an industry leader like VIZIO to test the impact of our new Zero Slate capability and are excited about Stream Personalization’s ability to further transform the linear viewing experience,” said Srinivasan KA, Co-founder and Chief Revenue Officer, Amagi.
About VIZIOFounded and headquartered in Orange County, California, our mission at VIZIO Holding Corp. (NYSE: VZIO) is to deliver immersive entertainment and compelling lifestyle enhancements that make our products the center of the connected home. We are driving the future of televisions through our integrated platform of cutting-edge Smart TVs and powerful operating system. We also offer a portfolio of innovative sound bars that deliver consumers an elevated audio experience. Our platform gives content providers more ways to distribute their content and advertisers more tools to connect with the right audience.
For more information, visit VIZIO.com and follow VIZIO on Facebook, Twitter, and [email protected] 
About AmagiAmagi is a next-generation media technology company that provides cloud broadcast and targeted advertising solutions to broadcast TV and streaming TV platforms. Amagi enables content owners to launch, distribute, and monetize live linear channels on Free Ad-supported Streaming TV and video services platforms. Amagi also offers 24×7 cloud-managed services bringing simplicity, advanced automation, and transparency to the entire broadcast operations. Overall, Amagi supports 800+ content brands, 800+ playout chains, and over 5,000 channel deliveries on its platform in over 150 countries. Amagi has a presence in New York, Los Angeles, London, Paris, Melbourne, Seoul, Singapore, and broadcast operations in New Delhi, and innovation centers in Bengaluru, Zagreb, and Łódź.
Link to Word Doc: www.wallstcom.com/Amagi/240624-Amagi-VIZIO_ZSlate.docx 
Agency Contact:Joseph LesieutreWall Street CommunicationsEmail: [email protected]
Amagi Contact:Aashish WashikarDirector – Corporate CommunicationsEmail: [email protected]: +91 9533390005

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ResourceWise Brings Its Cross-Commodity Data and Analytics Expertise to New Oleochemicals Service

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ResourceWise has met a key milestone in providing cross-commodity price benchmarks, data, and analysis on chemicals, forest products, and decarbonization markets. 
CHARLOTTE, N.C., June 24, 2024 /PRNewswire/ — ResourceWise has met a key milestone in providing cross-commodity price benchmarks, data, and analysis on chemicals, forest products, and decarbonization markets. 

For the first time, one digital product encompasses expertise that spans all the key commodity sectors that ResourceWise covers. Dedicated to renewable feedstock, the new platform-based oleochemicals analysis and insight tools draw on decades of experience within each distinct business sector. 
Dwight Lynch, Biomaterials Business Manager at ResourceWise, is leading the transition towards data and insight on renewable intermediates and biobased and biodegradable polymer inputs. 
“Navigating oleochemicals markets at a time when regulation, legislation, and competition from renewable fuels markets are the key drivers is a challenge. Our new service offers pricing and analysis that informs decision-makers and allows sustainable business to thrive.” 
The new oleochemicals portal in ResourceWise’s flagship chemicals market intelligence platform, OrbiChem360, has evolved beyond its legacy biomaterials insights to focus on the fats and oils markets that are key to sustainability.  
It presents pricing data and analysis that ResourceWise biomaterials experts have furnished within OrbiChem360 this past decade and includes a crude tall oil (CTO) price index. The inclusion of a forest-based output introduces the ResourceWise platform FisherSolve’s pulp and paper industry insight to our portfolio. 
Pete Stewart, the CEO of ResourceWise, is focused on the future. “From raw material converters to end-use consumer goods producers, manufacturing value chain participants are increasingly seeking cross-commodity insights to meet low-carbon targets. We are building and providing the data and analytics businesses need to achieve environmental, social, and governance (ESG) targets and market products competitively worldwide.  
“The ResourceWise mission is to use the intelligence within the increasingly inter-related business sectors we have harnessed to guide customers in their journey toward a net-zero future. This new offering is the first of many milestones in our endeavor to do just that,” adds Stewart.  
A Streamlined Renewable Chemicals Service  
The new product leverages oleochemical pricing and commentary gathered by ResourceWise legacy brands since 2014 and insight collected since the 1990s. It extends our regional reach with additional price points and streamlines the data and analytics provided.  
The new portal is designed with personal care, cosmetics, detergents, lubricants, pharmaceuticals, flavor and fragrance, and food and beverage market participants in mind. However, it provides pricing data and insights for producers, intermediaries, and consumer product manufacturers in broader industries. 
More Than Forty Current and Historical Prices          
International price indexes for oleochemicals include the feedstocks soybean, coconut, tall, rapeseed, and palm oils, as well as tallow and glycerine grades Dozens of spot and contract prices for fatty acids and fatty alcohols plus comprehensive commentary based on intelligence from a worldwide contact base       Low-carbon price benchmarks and commentary in our oleochemicals offering will increasingly leverage intelligence on the biofuels sector within the Prima CarbonZero platform      Global Trade Flow graphics for all oils and tallow to help customers understand how key plant and animal-based feedstocks are traded globally to identify new markets and sources   Industry experts contextualize data, making it actionable, and respond personally to customer inquiries By bridging information gaps in the chemicals market, OrbiChem360 subscribers gain a competitive edge in volatile markets. The platform provides decision makers with robust, data-driven insight that unravels market trends so they can harness growth opportunities. For more information on the OrbiChem360 platform, visit the ResourceWise OrbiChem360 page. 
CONTACT:
Contact:Suz-Anne Kinney          Vice President, Marketing & Communications at [email protected]  +1 (980) 233-4021
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