Automotive, electrical & electronics, chemical, rubber & plastics, machinery, metals, food & beverages, precision & optics, and other industries use industrial robots. The automotive industry is the most common end user of industrial robots. However, due to a projected slowdown in the automotive industry during the forecast period, segment growth is expected to plummet. Due to the globalisation of the food and beverage industries, the food and beverage segment is expected to grow at the fastest rate in the near future. The industrial robotics market is divided into functions such as soldering and welding, materials handling, assembling and disassembling, painting and dispensing, milling, cutting, and processing, and others. In the global industrial robotics market, the materials handling subsegment contributed the most revenue in the functions segment. In 2016, the Asia-Pacific region generated the most revenue in the global industrial robotics market.
Electrical and electronics is the fastest growing segment in the Industrial Robotics Market, with a CAGR of 9.4 percent expected. With its higher adoptability due to growing digitalization, the electronics sector has also been slowly emerging as a major end user for the industrial robotics market. Because accuracy and precision are important factors in an electronic manufacturing plant, the electronics sector has been proactively adopting industrial robots, boosting market growth. With the increasing automation of manufacturing processes, industries such as electrical and electronics have widely deployed industrial robots to perform high precision tasks, thereby improving productivity standards. The use of industrial robots enables electrical and electronics companies to automate nearly all manual tasks while adding value to their business growth. As a result, increasing adoption has had a positive impact on the growth of the industrial robot market.
Read More@ https://bit.ly/3ELqgpr
