Blockchain Press Releases
Industrial Robotics Market size to grow by USD 60.57 billion from 2023 to 2030; Industrial 4.0 revolution has increased the use of robotics and smart manufacturing in industry to boost the market growth – Facts & Factor
NEW YORK, June 27, 2023 /PRNewswire/ — As per Facts and Factors study, the global industrial robotics market size was nearly $27.11 billion in 2022 and is set to increase to about $60.57 billion by 2030 along with securing the highest CAGR of 10.7% from 2023 to 2030.
Report Link with All Related Graphs & Charts: https://www.fnfresearch.com/industrial-robotics-market
Industrial Robotics Market: Overview
Industrial robotics is referred to as robotic arms with sensors and controllers that have the ability to carry out a spectrum of operations in manufacturing units. Moreover, robots which make use of robotic arms are programmable, automated, and can move on three as well as more than three axes. For the record, the key industrial robotic applications include assembly, welding, painting, palletizing, product inspection & testing, and packaging & labeling.
Get a Free Sample Report with All Related Graphs & Charts (with COVID 19 Impact Analysis): https://www.fnfresearch.com/sample/industrial-robotics-market
Key Insights:
- As per the analysis shared by our research analyst, the global industrial robotics market is projected to expand annually at the annual growth rate of around 10.7% over the forecast timespan (2023-2030)
- In terms of revenue, the global industrial robotics market size was evaluated at nearly $27.11 billion in 2022 and is expected to reach $60.57 billion by 2030.
- The global industrial robotics market is anticipated to record massive growth over the forecast period owing to the rise in the Industrial 4.0 revolution has boosted the application of robotics & smart manufacturing in the industrial sector.
- Based on the component, the robot accessories segment is predicted to contribute majorly towards the global market share over the forecast timeline.
- In terms of application, the handling segment is projected to record the highest CAGR over 2023-2030.
- Based on the end-use industry, the electrical & electronics segment is slated to dominate the segmental surge over the forecast period.
- Region-wise, the Middle East & African industrial robotics market is projected to register the highest CAGR during the assessment period.
Facts and Factors published the latest report titled “Industrial Robotics (ECM) Market Size, Share, Growth Analysis Report By Solutions (Document Management, eDiscovery, Web Content Management, and Digital Asset Management), By Deployment (Cloud and On-Premise), By Enterprise Size (SMEs and Large Enterprises), By Industry Vertical (BFSI, IT & Telecom, Healthcare & Life Sciences, Consumer Goods & Retail, Government, and Transportation & Logistics), and By Region – Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2023 – 2030″ into their research database.
Industry Dynamics:
Global Industrial Robotics Market: Growth Drivers
- The need for increasing production capacities will boost the demand for industrial robotics in a slew of sectors.
Growing demand for SCARA and collaborative robots will drive the growth of the industrial robotics market across the globe. The massive need for expanding their production capacities has increased the penetration of industrial robots in manufacturing firms, thereby driving global market trends. Escalating trend of autonomous vehicles has led to humungous demand for industrial robots, thereby steering the expansion of the global market.
With the embedding of AI tools in industrial robots, the market for industrial robotics is predicted to gain momentum in the upcoming years. The launching of 5G networks will further proliferate the market growth globally in the years ahead. The surge in labor charges has led to demand for industrial robots in factories. Citing an instance, in October 2022, labor costs in the U.S. increased manifold.
Nevertheless, the growing need for allocating huge funds for deploying industrial robots can put brakes on the global industrial robotics industry demand. However, the evolution of Industry 5.0 is likely to generate new avenues of growth for the global industry. This, in turn, will nullify the negative impact of hindrances on global industry expansion.
Directly Purchase a Copy of the Report @ https://www.fnfresearch.com/buynow/su/industrial-robotics-market
Global Industrial Robotics Market: Segmentation
- The global industrial robotics market is divided into type, application, component, end-use industry, and region.
The component segment of the industrial robotics market is sub-segmented into robot arms, robot accessories, and robotic hardware segments. Furthermore, the robot accessories segment, which contributed over half of the global market share in 2022, is predicted to continue leading the segment in the coming years.
The growth of the segment in the next eight years can be subject to humungous demand for robot accessories enabling long-term productivity. In the last quarter of 2022, Neato Robotics, the Silicon Valley-based customer robotics firm, declared a new initiative “Customize Your Clean” that includes Neato fragrance pods and Neato D-series smart robot vacuum filters.
In terms of application, the industrial robotics industry across the globe is segmented into assembling & disassembling, processing, handling, dispensing, and welding & soldering segments. Moreover, the processing segment, which contributed majorly towards the segmental growth in 2022, is anticipated to record the fastest CAGR in the ensuing years. The segmental growth over the forecast timeframe can be due to growing demand for reducing the number of errors in painting and cutting procedures.
On the basis of the end-use industry, the industrial robotics market globally is bifurcated into automotive, electrical & electronics, metals & machinery, food & beverages, optics, precision engineering, cosmetics, pharmaceuticals, plastics & rubbers, and chemicals segments.
Moreover, the chemicals segment, which accounted for a major share of the global market in 2022, is anticipated to establish its dominant status even in the ensuing years. The segmental surge can be owing to the necessity of maintaining consistency in tasks including testing and measurement.
Apart from this, industrial robots can easily handle toxic chemicals without any human intervention, thereby preventing health hazards for humans. For instance, in the second half of 2022, Hibot Corporation made use of a float arm robot for inspecting pipelines at the Mitsui Chemical unit in Japan.
Recent Developments:
- In the first half of 2022, ABB Limited, a Swiss-based firm, launched the next-gen of flexible automation products under the new OmniVanceTM brand. The move will boost the demand for industrial robotics across Europe.
- In the first quarter of 2022, Yaskawa Electric Corporation, a Japanese firm manufacturing industrial robots, acquired a stake in Doolim-Yaskawa Company Limited for expanding its business in robotic painting and sealing systems.
- In the first half of 2022, FANUC launched new kinds of collaborative robots, thereby expanding its current product portfolio. The move will provide impetus to the growth of the industrial robotics business globally.
Get More Insight before Buying@: https://www.fnfresearch.com/inquiry/industrial-robotics-market
List of Key Players in Industrial Robotics Market:
- KUKA AG
- ABB Ltd.
- Comau SpA
- Fanuc Corporation
- Mitsubishi Electric Corporation
- Nachi-Fujikoshi Corp.
- Yaskawa Electric Corporation
- Kawasaki Heavy Industries Ltd.
- Denso Corporation
- Omron Corporation
- Others
Key questions answered in this report:
- What are the growth rate forecast and market size for Industrial Robotics Market?
- What are the key driving factors propelling the Industrial Robotics Market forward?
- What are the most important companies in the Industrial Robotics Market Industry?
- What segments does the Industrial Robotics Market cover?
- How can I receive a free copy of the Industrial Robotics Market sample report and company profiles?
Report Scope:
|
Report Attribute |
Details |
|
Market size value in 2022 |
USD 27.11 Billion |
|
Revenue forecast in 2030 |
USD 60.57 Billion |
|
Growth Rate |
CAGR of almost 10.7% 2023-2030 |
|
Base Year |
2022 |
|
Historic Years |
2016 – 2021 |
|
Forecast Years |
2023-2030 |
|
Segments Covered |
By Type, Component, Application, End-Use Industry, and Region |
|
Forecast Units |
Value (USD Billion), and Volume (Units) |
|
Quantitative Units |
Revenue in USD million/billion and CAGR from 2023 to 2030 |
|
Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
|
Countries Covered |
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
|
Companies Covered |
KUKA AG, ABB Ltd., Comau SpA, Fanuc Corporation, Mitsubishi Electric Corporation, Nachi-Fujikoshi Corp., Yaskawa Electric Corporation, Kawasaki Heavy Industries Ltd., Denso Corporation, Omron Corporation, and others. |
|
Report Coverage |
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
|
Customization Scope |
Avail of customized purchase options to meet your exact research needs. https://www.fnfresearch.com/customization/industrial-robotics-market |
Free Brochure: https://www.fnfresearch.com/ask-to-analyst/industrial-robotics-market
Regional Dominance:
- Asia-Pacific Industrial Robotics market to establish a dominant status over the forecast timeline.
Asia-Pacific, which garnered more than half of the global industrial robotics market revenue in 2022, is anticipated to record humungous growth during the projected timeline. The regional market expansion over 2023-2030 can be subject to a rise in the number of end-use industries in the countries such as India, Japan, Taiwan, Singapore, Malaysia, and Japan. Apart from this, the rise in demand for AI and automation will embellish the growth of the regional market.
Furthermore, the industrial robotics industry in the Middle East & Africa is predicted to record the highest CAGR in the anticipated timeframe. The factors that are likely to impact the growth of the regional industry are favorable government initiatives toward the use of industrial robotics.
For instance, in the third quarter of 2022, the government of UAE introduced the Dubai Robotics and Automation program and this initiative will boost the demand for industrial robotics in the country. As per the program, the government will offer nearly 2 lac robots to industrial & logistics sectors for enhancing their manufacturing capacities.
Global Industrial Robotics Market is segmented as follows:
Industrial Robotics Market: By Type Outlook (2023-2030)
- Traditional Robots
- Collaborative Robots
Industrial Robotics Market: By Component Outlook (2023-2030)
- Robot Arm
- Robot Accessories
- Robotic Hardware
Industrial Robotics Market: By Application Size Outlook (2023-2030)
- Assembling & Disassembling
- Processing
- Handling
- Dispensing
- Welding & Soldering
Industrial Robotics Market: By End-Use Industry Outlook (2023-2030)
- Automotive
- Electrical & Electronics
- Metals & Machinery
- Food & Beverages
- Optics
- Precision Engineering
- Cosmetics
- Pharmaceuticals
- Plastics & Rubbers
- Chemicals
Industrial Robotics Market: By Region Outlook (2023-2030)
North America
- The U.S.
- Canada
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Press Release: https://www.fnfresearch.com/news/global-industrial-robotics-market
Browse Other Related Research Reports from Facts and Factors
- Enterprise Content Management (ECM) Market: According to the report published by Facts & Factors, the global enterprise content management (ECM) market size was evaluated at $11.04 billion in 2022 and is slated to hit $30.07 billion by the end of 2030 with a CAGR of nearly 14.4% between 2023 and 2030.
- Industrial Robotics Market: According to the report published by Facts & Factors, the global industrial robotics market size was evaluated at $27.11 billion in 2022 and is slated to hit $60.57 billion by the end of 2030 with a CAGR of nearly 10.7% between 2023 and 2030.
- Mobile Gaming Market: According to the report published by Facts & Factors, the global mobile gaming market size was worth around USD 108.15 billion in 2022 and is predicted to grow to around USD 339.45 billion by 2030 with a compound annual growth rate (CAGR) of roughly 13.55% between 2023 and 2030.
- Speech and Voice Recognition Market: According to the report published by Facts & Factors, the global speech and voice recognition market size was evaluated at $17.18 billion in 2022 and is slated to hit $54.70 billion by the end of 2030 with a CAGR of nearly 14.10% between 2023 and 2030.
- SCADA Market: According to the report published by Facts & Factors, the global SCADA market size was evaluated at $9.9 billion in 2022 and is slated to hit $16.3 billion by the end of 2030 with a CAGR of nearly 7.9% between 2023 and 2030.
Browse through Facts and Factors’s coverage of the Global Technology & Media Industry
Follow Us on: LinkedIn | Twitter | Facebook
About Us
Facts and Factors is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, and company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Contact Us:
Facts and Factors
Tel: +1 347 690-0211
USA/Canada Toll-Free No. +44 2032 894158
Email: [email protected]
Website: https://www.fnfresearch.com/
Logo: https://mma.prnewswire.com/media/1981423/FnF_Research_Logo.jpg
Blockchain Press Releases
Acceleration of global marketing collaboration between Milk Partners, AirAsia rewards, and The Sandbox
– Milk Partners, AirAsia rewards and The Sandbox are collaborating to provide a new experience allowing users to earn real-world value through the metaverse gaming platform
– Launching metaverse game project ‘MiL.k X BIGGIE Wonderverse’ offering SAND Tokens, Milk Coins and AirAsia points
– “MiL.k is committed to continuously expanding its blockchain ecosystem through strategic partnerships with global partners.”
SEOUL, South Korea, Oct. 23, 2024 /PRNewswire/ — Milk Partners has announced a collaboration with The Sandbox, the global metaverse platform, and AirAsia rewards, the loyalty program of Asia’s leading online travel agency (OTA), AirAsia MOVE. This partnership is set to offer global users an immersive Web3 experience where they can earn rewards with real-world value through engaging in a metaverse-based game.
The newly launched ‘MiL.k X BIGGIE Wonderverse’ metaverse game allows users to earn Sand Tokens, Milk Coins, and AirAsia points. The game is inspired by BIGGIE, the mascot of AirAsia rewards, and modeled after the BIGGIE Wonderland mini-game in the AirAsia MOVE app. Users need to first complete tasks by collecting Milk Coins (symbolized game assets) in the Sandbox metaverse, which can be exchanged for other game assets such as virtual AirAsia points, virtual passports, and virtual boarding passes. Once all tasks are completed, users will then be rewarded with Milk Coins, Sand Tokens, and AirAsia points.
This collaboration has been based on MiL.k’s reliability and strong global network, which has steadily expanded partnerships with major global companies and has become an innovative model for the industry.
This collaboration is part of MiL.k’s broader strategy to expand its blockchain-based loyalty ecosystem, which already includes partnerships with SK OK Cashbag, Lotte L.Point, CU, Megabox, Yanolja, and others. AirAsia rewards operates a comprehensive loyalty platform for the AirAsia group, enhancing its travel and lifestyle businesses, including airlines, online travel agent (OTA), logistics, aviation services, e-commerce, financial services, and more. The Sandbox, a global metaverse platform with over 6 million users, offers a unique space for creating games and generating revenue. Together, AirAsia rewards and The Sandbox will further expand MiL.k’s ecosystem through global partnerships.
The CEO of Milk Partners, Jungmin Cho said “Following our successful collaboration event with CU, we are happy to announce the next event with AirAsia rewards. Through this partnership, for partners, we are providing a new marketing channel on metaverse and for users, we are expecting to share the fun experience and real benefits.” He added, “We will continue to explore various opportunities with global partners across diverse industries.”
In June, MiL.k introduced a metaverse experience ‘Play CUX MiL.k’ with CU and The Sandbox, offering users an engaging new way to explore blockchain and the metaverse. MiL.k is committed to continuously expanding its global partnerships to provide more exciting experiences for global users.
Photo – https://mma.prnewswire.com/media/2536675/image.jpg
View original content:https://www.prnewswire.co.uk/news-releases/acceleration-of-global-marketing-collaboration-between-milk-partners-airasia-rewards-and-the-sandbox-302282640.html
Blockchain Press Releases
BitMEX achieves industry-leading low on-chain AML risk profile through strategic partnership with Chainalysis
BitMEX reports a 35% lower on-chain risk exposure than global averages, demonstrating its commitment to cutting-edge security and regulatory adherence.
VICTORIA, Seychelles, Oct. 22, 2024 /PRNewswire/ — BitMEX, the world’s leading crypto derivatives exchange, has announced that it continues to maintain a low on-chain Anti-Money Laundering (AML) risk profile, successfully reducing its risk exposure from 1.7% in 2019 to just 0.2% in 2024. This 88% reduction in on-chain risk exposure over the past five years is a direct result of BitMEX’s collaboration with Chainalysis, combined with substantial investments in compliance controls and advanced blockchain analytics. With its on-chain risk exposure 35% below the global average of 0.304%, BitMEX demonstrates its steadfast commitment to security and regulatory adherence, setting a new industry standard since 2019.
As the industry navigates complex regulatory environments, BitMEX has turned compliance into an opportunity for leadership. Ongoing compliance efforts include bi-weekly updates to its Proof of Reserves and Liabilities, the use of geo-blocking technology to minimise sanctions-related risks, and regular external AML audits to ensure compliance accuracy. BitMEX also integrates advanced tools to monitor both on-chain and off-chain activity, reinforcing its comprehensive approach to risk management.
Leveraging Chainalysis’ cutting-edge blockchain analytics, BitMEX has implemented robust mechanisms to assess, monitor, and mitigate on-chain risks. On-chain risk exposure refers to the risks associated with the flow of digital assets, especially concerning their origin or destination, and BitMEX’s proactive stance on mitigating these risks reinforces its leadership in safeguarding the crypto ecosystem.
Stephan Lutz, CEO at BitMEX said, “As we continue to prioritise the safety of our users and create a secure trading environment, our collaboration with Chainalysis has allowed us to stay ahead of evolving compliance standards. By integrating advanced blockchain analytics into our comprehensive risk management strategy, we have not only reduced on-chain risk exposure but also strengthened the trust our users place in us. This partnership ensures that BitMEX leads the industry in both security and regulatory adherence, giving our traders confidence in the safety of their assets.”
The BitMEX compliance framework has evolved to reflect the highest standards in the industry. Central to this transformation is its risk-based approach to threshold tuning, which integrates insights from Chainalysis’ detailed typologies and behavioural analytics. The platform’s commitment to data integrity is evidenced by periodic testing and scenario selection based on the latest threat models, ensuring that its AML programme consistently meets regulatory expectations.
“BitMEX has continuously taken an innovative and proactive approach towards enhancing their risk management strategy and prioritising consumer safety,” said Diederik Van Wersch, Regional Director, ASEAN & Hong Kong, Chainalysis. “The team has always valued a strong collaboration when working with Chainalysis, and it’s really impressive to see their investment in a skilled investigations and compliance team, and the adoption of advanced tools – which have yielded impressive results.”
BitMEX’s efforts highlight its leadership in setting new benchmarks for transparency and regulatory adherence in the crypto space. With the continuous implementation of rigorous AML programmes and real-time monitoring systems, the platform is uniquely positioned to offer a secure and compliant environment for traders worldwide. More details on BitMEX’s transformation of its risk profile is available via a Chainalysis case study here.
About BitMEX
BitMEX is the leading crypto derivatives exchange, providing professional crypto traders with a platform that caters to their needs with low latency, deep liquidity and unmatched reliability.
Since our founding, no cryptocurrency has been lost through intrusion or hacking, allowing BitMEX users to trade safely in the knowledge that their funds are secure. So too that they have access to the products and tools they require to be profitable.
BitMEX was also one of the first exchanges to publish their on-chain Proof of Reserves and Proof of Liabilities data. The exchange continues to publish this data twice a week – proving assurance that they safely store and segregate the funds they are entrusted with.
For more information on BitMEX, please visit the BitMEX Blog or www.bitmex.com, and follow Discord, Telegram and Twitter.
View original content:https://www.prnewswire.co.uk/news-releases/bitmex-achieves-industry-leading-low-on-chain-aml-risk-profile-through-strategic-partnership-with-chainalysis-302282432.html
Today, October 21, 2024, at the Victoria Palace, the official launch of the “Agerpres Daily News | Hold History”, initiated by ICI Bucharest and the National Press Agency AGERPRES, with the support of the Ministry of Research, Innovation and Digitization. The event marked an important step in combating disinformation and promoting authentic journalism by integrating blockchain technology and non-fungible tokens (NFTs).
The project “Agerpres Daily News | Hold History’ aims to transform authentic and verified news into unique NFTs, giving consumers the opportunity to own a piece of the most relevant moments in daily news. These NFTs, available on the ICI D|Servicesplatform, each represent a ‘time capsule’, immortalizing significant moments in national and global current affairs. NFTs are released daily in limited editions and are accompanied by photos, article snippets or digital art.
The project includes a loyalty program for NFT collectors, who can access special rewards such as digital art pieces, exclusive content, or invitations to events organized by AGERPRES. An innovative feature, “NFT-to-Vote”, is also being explored, whereby NFT holders will be able to influence future news topics. This initiative marks a new way of interacting with news, where audiences can not only consume but own and actively participate in everyday history.
Bogdan Ivan, the Minister of Research, Innovation and Digitalization, emphasized in his speech the importance of this project: “In a world dominated by digital challenges, the use of blockchain to guarantee the authenticity and truthfulness of information is essential. The launch of Adrian-Victor Vevera, the general director of ICI Bucharest, highlighted the added value of the project: “I believe that the young people present in this room are the future consumers of this program, a project that appeared as a continuation of the first collections of NFTs launched with Agerpres. We started with a necessity – validated news and ended up using blockchain technology to certify and validate the news. Other blockchain technology projects will be launched in November this year, so I invite you to stay tuned.”
Claudia-Victoria Nicolae, the general director of AGERPRES, drew attention to the importance of integrating the needs of the new generation: “It is time to adapt and innovate in order to reach young people with the quality information they need. “Agerpres Daily News | Hold History” is not only a step forward for journalism but a necessity in the digital age.”
The event was attended by students at the Faculty of Journalism and Communication Sciences of the University of Bucharest and students at the Romanian-American University, who appreciated the educational and informative potential of this initiative. The project is an essential tool in the fight against disinformation, giving citizens the opportunity to easily collect and verify authentic information.
The post ICI Bucharest and AGERPRES launched the project “Agerpres Daily News | Hold History” appeared first on HIPTHER Alerts.
-
Blockchain Press Releases5 days agoGrexie Signchain Launches on November 1st, 2024: Enabling Smart Contract Developers to Bring Off-Chain Data On-Chain with Seamless Gas-Paid Signing
-
Blockchain7 days agoChainSwap Announces Plans to Integrate Solana for Faster Multi-Chain Transactions During Future Blockchain Summit
-
Blockchain Press Releases6 days agoWSOT Fortune Circles: Bybit Tops up Rewards for Crypto’s Largest Trading Competition
-
Blockchain Press Releases6 days agoBybit Named ‘Best Blockchain Company of the Year’ at Future Enterprise Awards 2024
-
Blockchain7 days ago
PLAY Partners with TapNation to Bring Mobile gaming into the Web3 Space
-
Blockchain Press Releases5 days ago
Race to the Top: Bybit Adds $1 Million to WSOT 2024 Prize Pool – Final Days to Register!
-
Blockchain7 days agoSouth Korea RegTech Business and Investment Opportunities Databook 2024 – 15% CAGR Forecast During 2024-2029, with South Korea’s Regtech Industry Forecast to Reach US$420.59 Million by 2029
-
Blockchain Press Releases7 days agoCoinDesk bolsters information services offering with strategic acquisition of CCData and CryptoCompare
