Product ID: SQMIG20I2180
Global Industrial Robotics Market Size, Share, Growth Analysis, By Application(Handling, Assembling & Disassembling), By End-Use(Automotive, Electrical/Electronics) - Industry Forecast 2024-2031
Report ID:
SQMIG20I2180 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|
Tables:
72 |
Figures:
75
Global Industrial Robotics Market Regional Insights
In 2022, the Asia Pacific region asserted its dominance in the industrial robotics sector, capturing a substantial share of over 65%. Projections suggest that this regional supremacy is poised to persist throughout the forecast period. The Asia Pacific area boasts a multitude of industries and factories that have seamlessly integrated industrial robots into their manufacturing workflows. Moreover, the escalating embrace of automation, artificial intelligence, and the progressive evolution of other cutting-edge technologies augments the region's potential for significant growth.
The Middle East & Africa region is poised to exhibit the most remarkable Compound Annual Growth Rate (CAGR) of over 20% during the forecast period. This impressive growth trajectory can be attributed to the escalating industrial initiatives orchestrated by governmental bodies in the region. A noteworthy example is the launch of The Dubai Robotics and Automation Program by the crown prince of Dubai in September 2022. This strategic initiative aims to propel the realm of robotics within the country. The program's ambitious goals involve deploying approximately 200,000 robots across the industrial and logistics sectors, thereby substantially enhancing their production capacities.
Global Industrial Robotics Market Report Snapshots
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