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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.

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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.     

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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. 


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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.

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List of Key Players in Industrial Robotics Market:

  • 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



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


Historic Years


2016 – 2021

Forecast Years


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.



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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


  • 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

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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

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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.

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Blockchain Press Releases

Animoca-backed Upland’s SPARKLET Token Lists Exclusively on Bitget Launchpool




VICTORIA, Seychelles, July 23, 2024 /PRNewswire/ — Bitget, the leading cryptocurrency exchange and Web3 company, announced the exclusive listing of Upland’s first-ever tradable token SPARKLET on the Bitget Launchpool.

The one-of-its-kind metaverse project will launch its token generation event (TGE) in collaboration with Bitget, allowing the platform’s users to have priority access for the awaited token. The farming for SPARKLET will start at 13:00 (UTC), on 24th July and end on 1st August 2024. With this, users can stake Bitget Token (BGB) to earn a total prize pool of 7,000,000 SPARKLET tokens. The SPARKLET/USDT pair will be listed on Bitget Spot market, with trading service starting at the same time as Launchpool.

This news comes right after the partnership announcement between Bitget and Upland, which includes building the exchange’s virtual headquarters in the metaverse. As part of this initiative, Bitget has purchased Treasure Island, the last unminted neighborhood in Upland’s San Francisco which houses 888 properties.

Built in 2019, Upland stands as one of the most widely-used web3 platforms, with 30,000+ daily active players, 300,000 unique land owners, and over 6,000,000 NFT sales. Upland has transformed into a Layer 1 metaverse, delivering the foundational infrastructure of an open, immersive web, including identity, liquidity, currency, land, no-code NFT creation, fiat on/off ramps, and governance.

“The initiative directs Upland’s strong stance towards decentralization, allowing Spark holders to trade Sparklet in liquid markets. It also aims to boost Upland’s presence and credibility in the Web3 industry by listing on top-tier exchanges such as Bitget, attracting more users and enhancing the platform’s network effects,” says Dirk Lueth, CEO at Upland.


Spark as the native utility token, fueled all value creation in Upland. It is the resource required for world-building, joint community projects, no-code NFT minting, and “manufacturing” of 3D map NFTs such as cars or decor items and more. The SPARKLET token is one-thousandth of a SPARK. In May 2024, Upland users were airdropped Sparks, which now has been migrated to SPARKLET tokens on Ethereum.

“At Bitget, our support for crypto gems goes beyond a simple listing. We are dedicated to helping promising projects gain more visibility, users, and partners through our Launchpool, Launchpad, and various educational and reward initiatives. Our collaboration with Upland to create a Bitget-themed metaverse is a mutually beneficial and exciting endeavor. We aim to become the top choice for more emerging projects in the future, aiding them in creating a greater real-life impact,” says Gracy Chen, CEO at Bitget.

The exclusive listing of SPARKLET on Bitget’s launchpool provides its users with early access to Upland’s first-ever tradable token. This also allows Upland’s current users to use their SPARKLET airdrops for further trading on a sophisticated platform such as Bitget. Previously, Bitget’s launchpool listed high potential projects such as Merlin Chain (MERL), Ethena (ENA), ZetaChain (ZETA) and more.

To participate, users can visit SPARKLET launchpool on Bitget, enter preferred staking amount and earn tokens within a few clicks.

For more information on getting exclusive access to SPARKLET tokens, please visit here.


About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

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YOM expands its cloud gaming DePIN from Solana to peaq to run its NFT node sale




peaq, the layer-1 blockchain for DePIN and Machine RWAs, announces the expansion of its ecosystem as YOM, the cloud gaming and interactive experience DePIN, unveils its plan to expand to peaq from Solana. YOM enables gamers to earn crypto from their advanced rigs by lending their idle computational power to its DePIN. As the first step toward integrating peaq, YOM will launch its recently-unveiled Genesis Series as the first NFT Node Mint on the peaq blockchain. It will also explore further venues for more collaborations and integrations in the future.

Projected to grow to $312 billion in total revenue by 2027, the video game industry is a powerhouse in the wider entertainment segment, leaving both Hollywood and the music industry far behind. Cloud gaming services, which stream games to the user’s devices such as a smart TV or even a smartphone, are a promising sector in this industry, as they deliver AAA-tier gaming experiences without having to purchase a high-end PC or a console. However, in Web2, such services have to rely on massive data centers, which invokes environmental concerns and further strains the GPU market amid soaring demand from the AI industry. Besides, such data centers are costly to build and operate and often struggle to deliver the content at a comfortable latency.

YOM changes the game by ditching Web2 data centers. Instead, it taps idle personal gaming rigs, leveraging their powerful hardware to remotely run games and interactive experiences and stream them to any devices via their web browsers. The rigs’ owners earn rewards in crypto for every game hour they stream. YOM’s platform currently supports Unreal Engine 5 — one of the industry’s most popular options both among AAA studios and indie developers. The DePIN makes for a more sustainable approach to cloud gaming, with lower hosting costs and low latency, all while enabling gamers to earn revenue from their advanced hardware.

YOM’s strategic integration of peaq will begin with a node sale, where the community will be able to buy YOM’s Genesis Node Licenses as NFTs minted on peaq. The NFTs will be necessary to join YOM’s DePIN as a node. Full details, including the dates and the eligibility criteria, can be found on the YOM site. The mechanism for the node sale will-be open-sourced, enabling other DePINs building on peaq to conduct similar events. After the node sale, YOM is excited to explore more prospective directions for the integration into the peaq ecosystem.


“We are very excited to be working with a Layer-1 chain that has the ability to support us and other DePIN projects on both the ecosystem and technical front,” remarks Jeff Outlaw, CXO at YOM. “Their support frees up the time for our tech team to work on the cloud gaming network. We are working to bring AAA games and immersive experiences to a wider top-of-funnel market as fast as possible, and building with peaq means we can skip a few crucial steps by leveraging its Modular DePIN Functions. All of our focus is now on bringing games to gamers!”

“The gaming industry is a staple of today’s digital entertainment market,” says Leonard Dorlöchter, co-founder of peaq. “Web3 has already tried to take it on with play-to-earn games, but YOM’s approach is a lot more creative — and it truly gives gamers ownership over something they’re so passionate about while earning rewards from their expensive rigs. We are thrilled to see YOM join the peaq ecosystem and look forward to the change it brings about in the gaming world, working as the true Web3 gateway for the mainstream gaming community.”

YOM is the second DePIN to expand to peaq from Solana even before the former’s mainnet launch, which is slated to take place in the coming months. In April this year, MapMetrics, another project originally based on Solana, unveiled its plan to migrate to peaq after the initial announcement of a more limited integration. Also in April, dTelecom, originally building on Arbitrum, announced joining peaq as well.

The post YOM expands its cloud gaming DePIN from Solana to peaq to run its NFT node sale appeared first on HIPTHER Alerts.

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Blockchain Press Releases

Buy and Sell Crypto on X! Bybit Web3 Supports Solana Blinks




DUBAI, UAE, July 23, 2024 /PRNewswire/ — Bybit, the world’s second-largest web3 platform by trading volume, continues to enhance user convenience and accessibility by integrating Solana Blinks into its Web3 ecosystem. This integration reflects Bybit Web3’s commitment to simplifying user access and enhancing the convenience of engaging with cryptocurrencies.

Bridging the Gap Between Web2 and Web3

Bybit Web3’s support for Blinks eliminates the friction between their Web2 environments and the exciting possibilities of Web3. Users can now seamlessly interact with the decentralized world, purchasing tokens or NFTs directly on X and effortlessly confirming transactions with their Bybit Web3 Wallet extension. This integration simplifies crypto engagement and opens the doors for a wider audience to participate in the future of finance.

“We are thrilled to support Blinks, bringing a new level of simplicity and convenience to our users. This integration allows us to bridge the gap between Web2 social platforms and the burgeoning Web3 ecosystem, empowering users to engage with crypto assets seamlessly,” said MK Chin, Bybit Web3 Evangelist.

Key Highlights of the Integration:

  • Seamless Web3 Access: Users can now perform crypto transactions directly on X, bridging the gap between Web2 and Web3 environments.
  • Enhanced User Convenience: Bybit Web3’s support for BLINKS ensures a smooth and intuitive experience, allowing users to trade and manage crypto assets effortlessly.
  • Expanded Web3 Possibilities: This integration empowers users to share token purchases, airdrop campaigns, and more on social media, as well as complete trades and participate in campaigns directly within social media platforms like X.

A Shared Vision for a User-Friendly Web3 Future

We are excited to collaborate with Bybit Web3, who shares our vision of making Web3 accessible to end users. By supporting seamless access through popular social platforms such as X and across the internet, we are breaking down barriers and simplifying the entry into the Web3 ecosystem. This partnership exemplifies our commitment to innovation and inclusivity, ensuring that users can effortlessly engage with the future of finance and digital interactions,” added  Lily Liu, the President of Solana Foundation

For more information, please visit:

#Bybit / #TheCryptoArk / #BybitWeb3

About Bybit Web3

Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 10 million wallet users, over 20 major ecosystem partners, and counting. 


Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as a top 3 global crypto exchange, trusted by 33 million users globally.

Join the revolution now and open the door to your Web3 future with Bybit.

For more details about Bybit, please visit Bybit Web3.

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 37 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.


For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit:
For updates, please follow: Bybit’s Communities and Social Media

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