Market Share of Industrial Robotics Industry
The industrial robotics market is highly fragmented. Industry 4.0, with digitalization initiatives across regions, provides lucrative opportunities in the industrial robots market. The degree of transparency is high, considering the number of robotic trade exhibits across conducted areas occasionally. Overall, the competitive rivalry among existing players is high. The acquisitions and collaboration of large companies with startups are predicted, focusing on innovation. A few major players in the market are ABB and Yaskawa. Some of the key developments in the area are:
- May 2024: ABB, an industrial robot manufacturer, unveiled its latest modular large robots at Automate 2024. These robot arms, in conjunction with the previously released IRB 5710-5720 and IRB 6710-6740 models, now present a lineup of 46 variants. These variants are capable of managing payloads ranging from 70 to 620 kilograms (approximately 150 to 1,350 pounds).
- March 2024: Mobile Industrial Robots has unveiled its latest product, the MiR1200 autonomous pallet jack. Equipped with advanced 3D vision technology, the MiR1200 Pallet Jack is designed to streamline labor-intensive materials handling. This robot can adapt its route dynamically, ensuring navigation even in the presence of obstacles, such as loose objects on the floor or overhead hindrances.
Industrial Robotics Market Leaders
ABB Ltd.
Yaskawa Electric Corporation
Denso Corporation
Fanuc Corporation
KUKA AG
*Disclaimer: Major Players sorted in no particular order
