The prominent companies operating in the market are Dyson Ltd., Ecovacs Robotics Inc., Infinuvo, iRobot Corporation, Koninklijke Philips N.V., LG Electronics Inc., and Neato Robotics Inc., Intellibot Robotics LLC, Yujin Robot Co. Ltd., and Samsung Electronics Co. Ltd. They have adopted strategies, such as expansions, partnerships, collaborations, mergers & acquisitions, joint ventures, new product launches, and others to strengthen their position in the market.
Robots are made in various shapes and sizes and generally their load carrying capacity depends up on their size and strength. An average human sized robot is capable of carrying a load of more than 100 pounds and can also move it very quickly at the rate of +/-0.006 inches. One of their major advantages is that they can work continuously for days and years at a stretch without developing any fault. Due to this persistent accuracy robots are fast becoming indispensable part of various industrial set-ups. Most often these robots are used for repetitive painting, welding and operations like picking up and placing products into the machines.
Such bots have been used extensively in data entry and database management services. However, more complex ‘smart’ bots have also been developed that can do actually data processing to simulate ‘intelligence’. These programs can take decisions and perform a variety of tasks and follow a set of rules and algorithms. What is significant that they programs can actually ‘learn’ as they process more and more data; in effect that they get better the more they work. Over time, they can recognise what inputs produce the outcomes nearest to the perfect ideal and then tailor their inputs accordingly.
Companies are increasingly deploying industrial logistics robots to enhance their automated processes and achieve a competitive edge. Furthermore, these robots facilitate flexible systems and end-to-end process improvement, which has added to the demand from the global industrial logistics robots market. However, the fact that every logistics robotic system needs customization prior to deployment will restrain the global industrial logistics robots market.
The report offers a holistic overview of the Industrial Robot Market with the help of application segments and geographical regions that govern the market currently. Further, the report delves deep into the value chain of the Industrial Robot market so as to emerge with information specific areas that hold high revenue-generating potential. With the Industrial Robot market having undergone certain inherent shifts in the past decades, the report discusses how these changes will impact the future.