India Industrial Robotics Market Poised to Surge to USD 8.26 Billion by 2030
Summary:
The India Industrial Robotics Market, valued at USD 3.59 billion in 2023, is projected to reach USD 8.26 billion by 2030, growing at a CAGR of 15% during the forecast period. This growth is driven by increasing automation across industries such as automotive, electronics, and consumer goods, supported by government initiatives like the Production Linked Incentive (PLI) scheme and 'Make in India' program.
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Market Size:
In 2023, the India Industrial Robotics Market stood at USD 3.59 billion. With a projected CAGR of 15% from 2024 to 2030, the market is expected to reach nearly USD 8.26 billion by 2030. This growth reflects the rising demand for automation to enhance productivity and efficiency in manufacturing processes.
Scope and Research Methodology:
The comprehensive analysis of the India Industrial Robotics Market encompasses various segments, including robot types, end-user industries, and regional markets. The research methodology involves a bottom-up approach to estimate market size, incorporating data from industry reports, company financials, and expert interviews to provide accurate and reliable insights.
Report Coverage:
Base Year: 2023
Forecast Period: 2024–2030
Market Size in 2023: USD 3.59 Billion
Projected Market Size in 2030: USD 8.26 Billion
CAGR (2024–2030): 15%
Segments Covered: By Type (Articulated, Cartesian, SCARA, Cylindrical, Others), By End User (Automotive, Electrical and Electronics, Chemical, Rubber and Plastics, Manufacturing, Food and Beverages, Others), By Region
Overview:
The India Industrial Robotics Market is experiencing robust growth as industries increasingly adopt automation to improve operational efficiency and product quality. The government's supportive policies, such as the PLI scheme and 'Make in India' initiative, are encouraging investments in advanced manufacturing technologies, including robotics. The market is also benefiting from technological advancements in artificial intelligence, machine learning, and the Internet of Things (IoT), which are enhancing the capabilities of industrial robots.
Dynamics:
Drivers:
Rising demand for automation in manufacturing to increase productivity and reduce labor costs.
Government initiatives promoting advanced manufacturing technologies.
Technological advancements enhancing robot capabilities and applications.
Restraints:
High initial investment costs for implementing robotic systems.
Shortage of skilled workforce to operate and maintain advanced robotics.
Opportunities:
Growing adoption of collaborative robots (cobots) in small and medium enterprises.
Expansion of robotics applications in emerging sectors such as healthcare and agriculture.
Segmentation:
By Type:
Articulated Robots
Cartesian Robots
SCARA Robots
Cylindrical Robots
Others
By End User:
Automotive
Electrical and Electronics
Chemical, Rubber, and Plastics
Manufacturing
Food and Beverages
Others
By Region:
North India
South India
East India
West India
Key Players Include:
DiFACTO Robotics
Gridbots Robotics
Systemantics Robotics
Invento Robotics
ASIMOV Robotics
Sastra Robotics
ArkRobot
ACE Robotics
Duhan Robotics
KUKA
ABB
Vision Automation & Robotic Solution
FANUC
GreyOrange
Yaskawa
OMRON
Jetbrain Robotics
Reason to Buy:
Gain insights into current and future market trends in the India Industrial Robotics Market.
Understand the impact of government policies on market growth.
Identify key market segments and growth opportunities.
Analyze the competitive landscape and strategies of leading market players.
Make informed business decisions based on comprehensive market analysis.
Table of Contents:
Executive Summary
Market Introduction
Research Methodology
Market Dynamics
Market Segmentation
Regional Analysis
Competitive Landscape
Company Profiles
Conclusion
Appendix
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