India is one of the strongest growing economies among the Asian emerging markets. Indian industry is rapidly moving towards automation for increasing production volume, accuracy, and safety. To build up the industrial automation for increasing the product supply and domestic manufacturing. The Indian Industrial Robotics market was evaluated at 4,564 units in 2018 and is estimated to grow at 13.3% CAGR from 2019-2024. Industrial Robotics manufacturers are now considering India as a prime destination for their product sales.
Key Takeaways
- Key players, including Kuka, Hyundai, and Yaskawa, accounted to around 45% of the total market share in 2018. While covering all the applications in the Indian industrial robotics market, these market players specifically focus more on welding, dispensing, and material handling applications.
- India’s Automobile industry is the leading end-user while generating more than half of the India Industrial Robotics market revenue in 2018.
- Indian government, public, and private sector industries are promoting robotics startups. Recently in 2018, the Kerala government joined hands with Genrobotics (robotics startup) to utilize a spider-shaped robot named Bandicoot for cleaning sewers and manholes in the city.
- Indian e-commerce giant, Flipkart, collaborated with a Gurgaon-based startup, GreyOrange Robotics. This startup assists Flipkart for providing warehouse automation solutions. This is part of a growing demand for warehouse robotics from e-commerce, retail, and logistics sectors.
Robotics Type – Segment Analysis
Articulated robots are the highest robot type being used in India. Articulated robots account for more than 50% of the units being sold annually. The robots have varied from simple toe-joined structures to systems with more than ten interactive joints. Articulated robots have long reached, high speed and larger working envelopes. These robots allow a high level of functionality and are the most commonly used robots in next-generation robotics. These robots are used in applications like pick and place tasks, handling jobs, thread fastening, soldering, and other similar tasks requiring fast and precise automation.
End-User – Segment Analysis
The automotive industry is the major end-users of the industrial robotics market in India, followed by the electrical & electronics while contributing around 2/3 of the Indian Industrial Robotics market revenue collectively. India is a major automotive exporter and has strong export growth expectations for the near future. Automobile exports grew by 15.5% during April 2018-February to, 2019. The Indian automotive industry is expected to witness various effects in the next two years.
On the contrary, implying new safety regulations and emissions laws will bring the industry a step closer to global standards. For meeting all the global standards, industrial robotics will play a crucial role in the India Industrial Robotics market. Advancement in technology combined with an increasing need for robotic automation driven by fast, low cost, and error-free operation are the major drivers for this market.
Application – Segment Analysis
Material handling is one of the major applications of industrial robots contributing around 1/3 of overall market revenue in 2018. This is also the first application of industrial robots after their inception, followed by, welding, which contributes ~20% of the global market revenue share. Advancement in technology, increasing wages for emerging markets, decreasing costs of major technologies, as well as external funding for robotics, are the major driving forces driving this industry. The rising demand for applications of industrial robots in the welding and assembling applications, especially in the automotive industry is certainly the key driver of the global industrial robot market. The increase in labor costs and the need for efficient production techniques in developing countries are among the key drivers of the industrial robotics market.
Drivers – Indian Industrial Robotics Market
Growth in the automation sector to boost the utilization of industrial robots in India:
The call for precision machining, along with high production rates, has made automation and instrumentation an indispensable aspect of manufacturing units. Almost all the processes in the production and processing plants have been automated in the past decade. This has also complemented the expansion of industrial robots integration into industrial operations.
India is analyzed to renew the process automation market owing to the escalated demands from the general manufacturing, food & beverage, and pharmaceutical verticals. Since industrial operations are becoming complex amidst rapid technological advancements, the growth of the industrial robot is expected among such environments that are beyond the capacity of manual involvement.
Rising labor costs amidst the aging workforce to boost the industrial robots demand
The labor cost is significantly high in the total industrial operating cost, generally making 60%-65% of the total cost. In the majority of the cases, manual jobs typically consist of two categories of staff: direct and indirect. Direct staff is responsible for executing the procedure while indirect staff is for the back-end support for immediate staff.
The presence of both direct and indirect staff coupled along with department managers presents an important cost in operating a warehouse.
The automation of industries has become a notable means to tackle the rising wages and workforce age. This has resulted in the industrial operators relying upon robotics to provide a convenient and efficient way of reducing operational costs while simultaneously maintaining productivity at optimum levels.
Challenges – Indian Industrial Robotics Market
Delayed return on investment model constricting the emergence of robotics in small & medium enterprises
Emerging out of the high initial cost of industrial robots is the need to make profits. In recent times, robots have become a commodity rather than a novel product which creates notable expectations from them in creating huge profit margins. The robot’s Return On Investment (ROI) generally lies in the period of 4 to 6 years, which deters the market significantly. In the long-term, the robots prove to be a significant value addition product by providing several advantages over manual labor in terms of operating costs and productivity, but the initial skepticism associated with robots. ROI still looms over the strategies of short time industrial operators, thus acting as a hindrance to the market emergence.
Market Landscape
Yaskawa, Kuka, and Hyundai captured approximately 45% share of the market. India’s Industrial Robotics market is primarily dominated by application segments such as welding, dispensing, and material handling. The major industrial robotics players in India are, Yaskawa, Kuka, Hyundai, Fanuc, ABB, Kawasaki, Wittmann, and Star Automation among others
Service Robotics Market
The global service robotics market size is projected at USD 12.790 Billion in 2020, which is expected to hit USD 43.780 Billion by the end of 2026, rising at a CAGR of 19.0 % between 2021 and 2026.
Service robots are robots that are built to assist humans and perform useful tasks. They are either semi or completely automatic and are designed to perform repetitive & dangerous tasks and provide improved productivity.
Trends influencing the global service robotics market size
- The introduction of service robots provides industrial customers with a high ROI, primarily due to the reduction in labor costs. This is one of the key reasons for the increase in service robotics market size.
- The increase in the funding for research on robots by both the government as well as key market players is expected to increase the demand for service robots. Investments in the form of R&D are expected to impact the growth of the service robotics market size.
- While these robots were highly-priced when first introduced to the market, they are now becoming more affordable due to increased adoption and manufacturing economies of scale. This reduction in cost and affordable pricing will increase the service robotics market size.
Service robotics market share analysis
- Personal and domestic robots share (including vacuum robots, lawnmowers, pool cleaning robots, window cleaning robots, duct cleaning robots, exoskeletons, toy robots, educational robots, assistive robots, and elderly care robots) are expected to grow at a fast pace in the service robots market.
- Because of their growing adoption in the healthcare, security and field industries, professional service robots have a higher market share compared to personal service robots.
- Demand from the healthcare sector for rehabilitation, growing hospital adoption of surgical robots in the area, a favourable funding scenario for assistive technology research and the availability of technologically advanced service robots are some of the main factors driving growth in the North American service robotics market
- Asia Pacific has the second-highest share and is expected to rise at the fastest CAGR until 2026. It is largely due to industrial-sector research and development and increased government investments in automation, robotics, artificial intelligence, and other developments. China, Japan, South Korea, and India are anticipated to be the main reason for this region’s growth rate
Service Robotics Market Segment by Application: Household Robots, Education/Entertainment Robots, Nursing/Rehabilitation Robots, Medical Robots, Agriculture, Forestry, Livestock Farming, and Fisheries Robots, Logistic Robots.
Service Robotics Market by Key Players: Intuitive Surgical, iRobot Corporation, Dyson, Neato Robotics, Sharp, Toshiba, Panasonic, Kuka.
Aerospace Service Robotics Market Report
The global Aerospace Service Robotics size is projected at USD 2.37 Billion in 2020 to hit USD 5.773 Billion by the end of 2026, rising at a CAGR of 13.4 percent in 2021-2026.
The global aerospace services robotics market is driven by various factors such as increased demand for unmanned aerial vehicles; and increased use of robotics in many processes, such as managing backlog orders for aircraft, effective production processes for aircraft, and others.
Surgical Robots Market Report
The Surgical Robots market size was estimated at USD 1.745 Billion in 2019 and is expected to hit USD 6.336 Billion by 2026 at a CAGR of 20.0 percent.
North America is the largest consumer with a market share of nearly 56 percent in 2016. Europe is the second-largest customer after North America with a consumption market share of 20 percent. The Surgical Robots Industry Research Report presents the key manufacturers, capacity, production, revenue, market share, and recent development.
Rehabilitation Robotics Market Report
The Rehabilitation Robotics market size was estimated at USD 100 million in 2018 and is expected to hit USD 280 million by 2025, at a CAGR of 16.5 percent over the forecast period.
Global sales of Rehabilitation Robotics in 2017 were around 1.6 K units and are projected to rise from 2017 to 2025 at a CAGR of 20.6 percent. In 2017, the global demand for rehabilitation robotics was estimated at USD 78.4 million and was projected to hit USD 278.8 million by 2025.
This study includes an estimation of the value (million USD) and volume (Units) of the market size. All top-down and bottom-up methods were used to estimate and verify the overall size of the demand for Rehabilitation Robotics. Key market players were established through secondary research, and their market shares were calculated by primary and secondary research.
Cleaning Robots Market Report
The cleaning robots market size was estimated at USD 1.920 Billion in 2018 and is expected to hit USD 3.300 Billion by 2025, at a CAGR of 7.0 percent during the forecast period.
This report presents the Cleaning Robots market size (value, output, and consumption), splits the breakdown by producers, area, form, and application (data status 2014-2019 and forecast to 2025). This research also analyses the market status, market size, growth rate, potential trends, market dynamics, opportunities and challenges, risks and barriers to entry, distribution channels, distributors, and Porter’s Five Forces Analysis.
Medical Robots Market Report
The global Medical Robots market size is estimated at USD 2.620 Billion in 2018 and will reach USD 3.280 Billion by the end of 2025, rising at a CAGR of 2.8 percent in 2019-2025.
North America is Medical Robots’ largest buyer, with a market share of 53 percent in consumption and a market share of 66 percent in production in 2015. The second position is Europe with a market share of 21 percent in consumption and a market share of 13 percent in production
This study aims to define, segment, and project the size of the Medical Robots market based on business, product type, end-user, and key regions. This report further studies the global scale of Medical Robots in key regions such as North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa, focusing on Medical Robots use in these regions.
Professional Service Robotics Market Report
Professional service robots are a type of robot usually considered for use within a professional setting outside of a manufacturing facility. While industrial robots automate manufacturing tasks, professional service robots, which differ greatly in shape and function, automate menial, risky, time-consuming, or repetitive tasks, essentially freeing more cognitive functions from human employees.
According to the International Robotics Federation (IFR), sales of professional service robots grew dramatically in 2016 – about 24 percent over 2015. In 2016, the market volume rose by 2 percent to USD 4.7 billion, largely due to the steadily dropping prices of professional service robots used in defense.
Personal Domestic Service Robotics Market Report
This report presents the global Personal Domestic Service Robotics market size (value, output, and consumption), splits the breakdown by producers, country, form, and application (data status 2013-2018 and forecast up to 2025).
This research also analyzes the market status, market size, growth rate, potential trends, market dynamics, opportunities and challenges, risks and barriers to entry, distribution channels, distributors, and Porter’s Five Forces Analysis.
