The importance of industrial robots is ever-increasing in the manufacturing sector as more and more companies resort to automation. These industrial robots not only reduce the effort required from humans but also operate in conditions and environment that are hostile for humans to work. Additionally, these machines are so technologically advanced that it can produce a large volume of output without any errors. According to a recent report from SpendEdge, the market for industrial robots is expected to grow at a rate of over 12% each year, owing to increasing industrial automation along with high demand from the automotive sector. 
Trends in the Industrial Robots Market
Increasing Adoption of Collaborative Robots
In an industrial setting, robots are traditionally kept in cages, like a tiger in a zoo, for the safety and protection of the workers. However, in recent times, collaborative robots, also known as cognoscenti, are increasingly being adopted in the industrial robots market. Collaborative robots come with enhanced safety and security features such as embedded force sensors, speed adjustment, and smooth and round arms. It can also be used by SME as no programming is required and costs relatively less than conventional robots, which ranges around US$25,000-US$30,000.
Emergence of Robotics as a Service
Traditional industrial robots are very expensive, costing companies on an average of US$60,000-US$80,000. This hinders the adoption rate among SMEs. To tackle such issues Robotics as a Service has been on the rise, which provides rental service on an hourly or activity basis. Consequently, companies do not have to spend a significant amount of capital on procurement costs associated with industrial robots.
Growth of Mobile Industrial Robots
Conventional industrial robots such as SCARA robots are fixed to a specific location and lack mobility. It also leads to underutilization of workspace and high human mobility, which increases the overall costs associated with the robots. Mobile robots such as UAVs, UGVs, polar robots, and autonomous guided robots are capable of navigating in operational facilities and eliminates additional setup costs. For instance, these robots can be used in painting an aircraft at a much faster rate than stationary robots.
Read more about the trends in this market along with supplier landscape, pricing strategy, articulated robot manufacturers, automation robotics manufacturers, sourcing strategy, and procurement best practices in SpendEdge’s upcoming report on the global industrial robots market.
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