HOME Research Insight The Major players in the industrial Robotics Segment Include ABB Ltd. (Switzerland), KUKA AG (Germany) in the Top Robotics Market

The Major players in the industrial Robotics Segment Include ABB Ltd. (Switzerland), KUKA AG (Germany) in the Top Robotics Market

The top robotics market is highly competitive with the presence of a number of global and local players offering robots in various applications across regions. The top service robotics market is expected to witness CAGR of 15.18% between 2016 and 2022, while the top industrial robotics market is expected to grow at a CAGR of 11.92% during the same period. The service robotics segment of top robotics market is further estimated to realize unprecedented growth during the forecast period owing to factors such as significant deployment of mobile robotic solutions in the warehouse automation and logistics sector; and increasing demand from medical and healthcare, education and research, and defense, rescue, and security sectors. Owing to the structural and operational capabilities, articulated arm robots are widely used in various industrial applications in the automotive, and electrical and electronics industries.

Among top robotics market, the major players in the industrial robotics segment include ABB Ltd. (Switzerland), KUKA AG (Germany), Mitsubishi Electric Corp. (Japan), Nachi-Fujikoshi Corp. (Japan), FANUC Corp. (Japan), Kawasaki Heavy Industries Ltd. (Japan), and Yaskawa Electric Corp. (Japan). Northrop Grumman Corporation (U.S.), iRobot Corporation (U.S.), DJI (China), Intuitive Surgical, Inc. (U.S.), Parrot SA (France), Honda Motor Co., Ltd. (Japan), Adept Technology, Inc. (U.S.), Aethon Inc. (U.S.), DeLaval International AB (Sweden), Lely Holding S.a.r.l. (Netherlands), and The LEGO Group (Denmark) are some of the key providers of service robots in the top robotics market.

The major players adopted the strategies of agreements, partnerships, collaborations, and new product launches to expand their global presence and increase their respective dominance in industrial and service robotics market segments of top robotics market. For example, in October 2016, Northrop Grumman Corporation introduced Optical Bar Camera broad-area synoptic sensor on an RQ-4 Global Hawk high-altitude long-endurance unmanned aircraft system (UAS). Also, in August 2016, iRobot launched Roomba 960 vacuuming robot, which comprises adaptive navigation with visual localization and cloud-connected app control system. The company also introduced iRobot HOME App for its Braava jet Mopping robots.

ABB Ltd. (Switzerland) and Northrop Grumman Corporation (U.S.) are the two key players in the industrial and service robotics segments, respectively, in the top robotics market. Northrop’s aerospace systems segment offers UAS, space systems, and laser systems. Its electronic system segment provides intelligence, surveillance and targeting systems, land and self-protection systems, and navigation and maritime systems. In March 2016, the company, in cooperation with Saab Aerosystems (Sweden), introduced the Attitude and Heading Reference System (AHRS) for the nEUROn unmanned combat air vehicle (UCAV) demonstrator.

ABB is a leading supplier of industrial robots and modular manufacturing systems and services. The company has installed more than 250,000 robots worldwide, and its robotics solutions are used in industrial segments such as automotive, metal fabrication, foundry, plastics, food and beverages, chemical, pharmaceutical, consumer electronics, solar, and wood. The typical general industry applications where ABB’s robotic solutions are used include welding, material handling, painting, picking, packing, and palletizing. ABB operates in approximately 100 countries and is spread globally in four regions, namely, Europe, the Americas, Asia, and the Middle East and Africa (MEA). The key strategies of ABB Ltd. include expanding its business by entering into partnerships and agreements and launching new robots for better work experience. For instance, in March 2016, ABB signed an agreement with Valmet Automotive (Finland) to provide 250 industrial robots to automate the production line of Valmet’s Mercedes-Benz GLC SUV body shop in Uusikaupunki, Finland.

Related Reports:

Top Robotics Market by Industrial Robotics (Articulated, SCARA, Cylindrical, Parallel, Cartesian), Service Robotics (Logistics, Domestic, Medical, Field, Defense, Rescue and Security, Entertainment, Education, and Personal) - Global Forecast to 2022

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