Market Share of Robotics Industry
The Global Robotics Market is relatively fragmented, with some major market players such as ABB Ltd., Yaskawa Electric Corporation, Denso Corporation, Fanuc Corporation, and Kuka AG. The market vendors are focusing on expanding their customer base across foreign countries. The companies are leveraging strategic collaborative initiatives to increase market share and profitability.
In October 2022, ABB launched its smallest-ever industrial robot, offering unique possibilities for faster, more flexible, and high-quality production of wearable intelligent gadgets. With its compact size, class-leading payload, and unrivaled accuracy, the new IRB 1010 allowed electronics manufacturers to expand their production of devices via automation, including advanced watches, earphones, sensors, and health trackers.
In February 2022, Yaskawa Motoman, one of the world's largest manufacturers of industrial robots, launched two new collaborative robots such as HC10DTP and HC20DTP, each with six axes. The company described them as 'highly reliable robots (that) enriched easy capability for Yaskawa's HC-series line.
Robotics Market Leaders
ABB Ltd
Yaskawa Electric Corporation
Denso Corporation
Fanuc Corporation
Kuka AG
*Disclaimer: Major Players sorted in no particular order
