India Industrial Robotics Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 17.50% (2024-2032)
Market Size in 2023: 5.54 Thousand Units
Market Size in 2032: 25.71 Thousand Units
The India industrial robotics market is expanding rapidly, driven by automation, manufacturing growth, and adoption across diverse industries. According to the latest report by IMARC Group, the market size reached 5.54 Thousand Units in 2023. Looking forward, IMARC Group expects the market to reach 25.71 Thousand Units by 2032, exhibiting a growth rate (CAGR) of 17.50% during 2024-2032.
India Industrial Robotics Market Trends and Drivers:
High adoption of automation across various industries like automotive, electronics, manufacturing, etc., are the factors responsible for the growth of the India industrial robotics market. Additionally, the market is driving owing to the increasing demand for higher productivity, precision, and efficiency. The growing emphasis on improving quality and minimizing errors in production processes is further boosting the market.
Moreover, initiatives by government authorities like Make in India and the Production Linked Incentive (PLI) scheme are encouraging the adoption of advanced manufacturing technologies, including robotics, to enhance the industrial capabilities of the country. The rising focus on digital transformation and smart factories is also playing a pivotal role in driving the market.
The growing utilization of artificial intelligence and the Internet of Things (IoT) in robotic systems is augmenting the India industrial robotics market. These technologies are fostering robots to perform complex tasks with greater autonomy and adaptability. Collaborative robots, or cobots, which can work alongside humans safely, are gaining popularity, particularly in small and medium-sized enterprises (SMEs) seeking cost-effective automation solutions.
Furthermore, advancements in sensor technology and machine learning are improving the capabilities of industrial robots in applications like assembly, material handling, and quality inspection. The market is also seeing high investments in research & development to create innovative robotic solutions tailored to the specific needs of Indian industries. As the demand for flexible and efficient automation solutions continues to grow, the India industrial robotics market is expected to expand significantly in the coming years.
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India Industrial Robotics Market Industry Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
- Articulated Robots
- Cartesian Robots
- SCARA Robots
- Cylindrical Robots
- Parallel Robots
- Others
Breakup by Function:
- Soldering and Welding
- Materials Handling
- Assembling and Disassembling
- Painting and Dispensing
- Milling, Cutting and Processing
- Others
Breakup by End Use Industry:
- Automotive
- Electrical and Electronics
- Chemical, Rubber, and Plastics
- Machinery and Metals
- Food and Beverages
- Precision and Optics
- Pharmaceutical
- Others
Breakup by Region:
- North India
- West and Central India
- South India
- East and Northeast India
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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