Industrial Robotics Market Analysis

The market is segmented by type into SCARA, articulated, parallel, cylindrical, Cartesian and others, out of which, the articulated robot segment is anticipated to hold the largest market share on the basis of its ability to perform consistent precise movements specially including applications such as assembling, material handling and others. Furthermore, articulated robots are widely used in pharmaceutical, food & beverages, automotive and others which will ultimately fuel the growth of the segment during the forecast period. The pharmaceutical robots market size grew significantly from 2019 to 2021. The value was estimated to be USD 125 million in and USD 140 million in the former and later years, respectively. Additionally, on the basis of end user, the automotive segment is expected to grab the largest market share owing to the increasing number of electric vehicles worldwide, rising use of automation in automotive manufacturing processes, and escalating application of digitization and AI in vehicles.

Our in-depth analysis of the global market includes the following segments: