(MENAFN- PR Newswire) DUBLIN, March 26, 2024 /PRNewswire/ -- The
"U.S. Robotics Integration for the Manufacturing Market - Analysis and Forecast, 2024-2029: Focus on Market, Applications and Technologies" report has been added to
ResearchAndMarkets's offering.
U.S. Robotics Integration for the Manufacturing Market is projected to reach a value of $7.48 billion by 2029 from $4.3 billion in 2024, growing at a CAGR of 11.6%
Robotics integration in the U.S. signifies a transformative phase in the industrial and technological landscapes, driven by advancements in automation, artificial intelligence, and machine learning. The integration of robotics is reshaping various sectors, including manufacturing, healthcare, and service industries, by enhancing efficiency, productivity, and safety. This transition is supported by a robust ecosystem involving policymakers, educational institutions, manufacturers of robotic systems, and end users, fostering a conducive environment for innovation and growth.
The U.S. government, recognizing the strategic importance of robotics, has initiated several programs and investments to accelerate research and development, workforce training, and ethical deployment of robotics. For instance, the Advanced Robotics for Manufacturing (ARM) Institute reflects a concerted effort to fortify the country's global leadership in this domain. Moreover, collaboration between universities and industry is pivotal in pushing the boundaries of robotics technology, ensuring a steady flow of skilled labor, and addressing the challenges of integration.
Market Introduction
The integration of robotics in the U.S. manufacturing sector marks a significant paradigm shift toward Industry 5.0, which emphasizes a human-centric approach, increased resilience, and focus on sustainability, shifting from a sole focus on efficiency and productivity to a broader vision of industry contributing to society's well-being. Industry 5.0 is value-driven, combining technology with a focus on people and environment.
The manufacturing market is increasingly embracing robotics to address challenges such as labor shortages, need for precision and consistency in production, and imperative for sustainable practices. Robotics integration is pivotal in automating repetitive and hazardous tasks, leading to enhanced efficiency and reduced downtime. Advanced robotic systems equipped with sensors and AI capabilities are enabling predictive maintenance, quality control, and customized production, aligning with the just-in-time manufacturing model.
Furthermore, the rise of cobots is a notable trend. Cobots are designed to work alongside humans, enhancing safety and productivity. Cobots are being increasingly adopted for tasks that require precision and flexibility, proving to be cost-effective for small- and medium-sized enterprises. Robotics offers solutions for material handling, packaging, and logistics. Automated guided vehicles (AGVs) and autonomous mobile robots (AMRs) are revolutionizing warehouse operations, ensuring timely and accurate fulfillment of orders.
Additionally, the U.S. government is actively involved in shaping policies to ensure a balanced approach to robotics integration, addressing concerns related to labor displacement, privacy, and ethical considerations. Collaboration between regulatory bodies and industry stakeholders is vital to establishing standards and best practices.
Industrial Impacts
The integration of robotics in the U.S. manufacturing market is profoundly reshaping the industrial landscape, heralding a new era of productivity, innovation, and competitiveness. Robotics integration fundamentally alters production processes, enabling higher throughput, precision, and consistency. Automated production lines powered by robotics minimize human error, reduce waste, and ensure optimal utilization of resources. This efficiency is critical in sectors where precision and repeatability are paramount, such as electronics, automotive, and pharmaceuticals.
Moreover, the integration of robotics in the U.S. manufacturing market is a multi-dimensional paradigm shift, influencing not just the production processes but also the economic, educational, and social fabrics of the industrial sector. This transformation, while replete with challenges, presents immense opportunities for growth, innovation, and sustainable development, asserting the pivotal role of robotics in shaping the future of U.S. manufacturing.
Automotive Segment to Dominate the U.S. Robotics Integration for the Manufacturing Market (by Application)
The automotive segments in the U.S. robotics integration for the manufacturing market is leading the market, principally attributed to its intrinsic need for high-volume, precision manufacturing, which aligns seamlessly with the capabilities of robotic systems. In the automotive industry, the rapid evolution of connectivity and technology, propelled by advancements in artificial intelligence (AI), advanced driver assistance systems (ADAS), and expanding vehicle-to-everything (V2X) infrastructure, is steering the sector toward autonomous driving.
The integration of robotics in automotive manufacturing is instrumental in this transformation, offering precision and quality in the production of sophisticated components, scalability to meet the surging demand, and adaptability to rapidly evolving technology. Robotics in manufacturing underpins the complex assembly processes required for modern vehicles, ensuring that the automotive industry can efficiently produce vehicles equipped with the latest AI, ADAS, and V2X systems, thereby shaping the future of automotive technology and mobility.
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader understand the different types of products available for deployment and their potential globally. Moreover, the study provides the reader with a detailed understanding of the U.S. robotics integration for the manufacturing market by applications such as aviation, SpaceTech, automotive, consumer electronics, semiconductor, renewable energy and power, FoodTech, warehousing, and HealthTech and MedTech and on the basis of type, the market has been segmented into autonomous mobile robots (AMRs), automated guided vehicles (AGVs), collaborative robots (cobots), and others.
Growth/Marketing Strategy: The U.S. robotics integration for the manufacturing market has seen development by robot manufacturers and robot integrators operating in the market, such as business expansion, partnership, collaboration, and joint venture. The favored strategy for the companies has been the launch of new products to strengthen their position in the U.S. robotics integration for the manufacturing market. For instance, in December 2023, Brightpick, a warehouse automation solutions provider, revealed details about its advanced machine vision and AI technologies crucial for its Brightpick Autopicker robots.
Competitive Strategy: Key players in the U.S. robotics integration for the manufacturing market analyzed and profiled in the study involve robot manufacturers and robot integrators. Moreover, a detailed competitive benchmarking of the players operating in the U.S. robotics integration for the manufacturing market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on thorough secondary research, which includes analyzing company coverage, product portfolio, market penetration, and insights gathered from primary experts.
The U.S. robotics integration for the manufacturing market comprises key players who have established themselves thoroughly and have the proper understanding of the market, accompanied by start-ups looking forward to establishing themselves in this highly competitive market. In 2022, the U.S. robotics integration for the manufacturing market was dominated by established players, accounting for 90% of the market share, whereas start-ups managed to capture 10% of the market.
With the growing need for advanced diagnostic tools and quality assurance in various industries, the U.S. robotics integration for the manufacturing market is expected to see significant expansion. This growth is driven by expanding applications of robotics across sectors, including automotive, electronics, and healthcare, and the rising demand for precision, efficiency, and safety in production lines.
Industry Outlook
Robotic Integration for the Manufacturing Market: Overview
Vision Systems Machine Control and Integration Material Handling and Motion Control Platforms, Systems, and Architecture Transition from Industry 4.0 to Industry 5.0
Trends Enabling the Robotics Industry
Internet of Robotic Things (IoRT) 5G-Enabled Smart Factory Autonomous Mobile Robots Collaborative Robot (Cobot) Integration with Humans Robotic Efficiency and Accuracy Analysis Traditional and Non-Traditional Use Cases in Key Industries Standards and Regulations Startups and Investment Landscape
Business Drivers
Increase in the Role of AI and ML in Robotics Technology Increase in the Prevalence of Robotic Palletizing
Business Challenges
Lack of Expertise in Robotics Integration
Business Opportunities
Rise of Robots-as-a-Service (RaaS) in Manufacturing
Growth Opportunities and Recommendations
Growing Demand from Automotive Market Growing Demand for Warehouse Automation
Some prominent names established in this market are:
ACRO Automation Systems, Inc. Andrews Cooper Bastian Solutions, LLC Cleveland Automation Systems Dynamic Automation enVista, LLC. KC Robotics Productivity Inc. Remtec Automation, LLC. Steven Douglas Corp. Jabil Inc. JR Automation
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