According to the TechSci Research report, " India Collaborative Robots Market – By Region Competition Forecast and Opportunities, 2018–2028," The India Collaborative Robots Market is poised for significant expansion in the coming years. Collaborative robotics, a cornerstone of Industry 4.0, enhances workplace conditions and efficiency. Major automotive manufacturers have integrated cobots into assembly lines, where these robots demonstrate flexibility by swiftly adapting to diverse tasks ranging from mass production to customized manufacturing. As per the International Federation of Robotics, the cobot market is witnessing robust growth, with end-users and system integrators continually exploring innovations in cobot design and implementation, including sensors, grippers, and interfaces.
Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=14822
India, recognized as a pivotal hub for cobot production and manufacturing, is bolstering its capabilities through initiatives like "Make in India," aimed at establishing global benchmarks in robotics technology. Moreover, the robotics sector in India has the potential to significantly impact employment, with estimates suggesting that every three robots create employment for up to 10,000 individuals. According to NITI Aayog, automation and robotics are poised to contribute substantially to India's economy, potentially adding USD 1 trillion by 2035. The government has introduced several initiatives and policies to strengthen the robotics industry, including industry-relevant skill training for millions of youths in technologies such as AI, Big Data, and robotics, as outlined in the 2019 Union Budget.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "India Collaborative Robots Market"
In 2020, the Government of India launched the Production Linked Incentive (PLI) scheme to promote large-scale electronics manufacturing and IT hardware, encompassing essential robotics components like cameras, sensors, and encoders. Government support also extends to funding R&D and innovation projects, positioning India as the 11th highest country in robotics research globally.
The Indian robotics startup ecosystem is gaining momentum, buoyed by the rising demand for industrial robots. Initiatives such as the AICRA Tech Startup Programme, spearheaded by the All-India Council for Robotics and Automation (AICRA), underscore India's commitment to fostering innovation in the robotics sector. Additionally, the Robotics Research Center (RRC) at the International Institute of Information Technology (IIIT) Hyderabad plays a pivotal role in advancing robotics through pioneering research and innovative projects.
The India Collaborative Robots Market is segmented on the basis of payload capacity, application, industry, region, and competitive landscape.
In 2021, the material handling segment contributed significantly to revenue. Material-handling robots can automate tasks and provide a safe work environment by automatically processing harmful raw materials in factories, warehouses, and distribution centers.
According to analysis, India is expected to grow at the fastest rate during the forecast period. Collaborative robots are thriving in the Asian market, particularly India and have been recognized in the India Tech market. In India, government established an Artificial Intelligence and Robotics Technology Park (ARTPARK) at Indian Institute of Science to enhance research & development ecosystem with an investment of USD 30 million. Furthermore, government introduced product linked incentive scheme covers wide variety of robotics components including camera, sensors, resistors, capacitors, inductors, diodes, and transistors., encoders, potentiometers, resolvers, and/or tachometers.
Major market players operating in the India Collaborative Robots Market are:
- ABB AB
- Addverb Technologies
- KUKA Robotics
- Robert Bosch GmbH
- GreyOrange
- Sastra Robotics India Private Limited
- Lockheed Martin India Private Limited
- Precise Automation, Inc.
- Techasoft Private Limited
- DiFACTO Robotics
Customers can also request 10% free customization on this report.
"India Collaborative Robots Market is expected to thrive because humans can easily collaborate with robots, train them with programmable movements, and then handle material and sorting packages simultaneously. In material transportation environments, robots can seamlessly move objects and process as quickly as any human. This is anticipated to propel the demand for collaborative robots across the country over the next five years.", said Mr. Karan Chechi, Research Director with TechSci Research, a research-based India management consulting firm.
" India Collaborative Robot Market, by Payload Capacity (Up to 5 Kg, between 5 and 10 Kg and Above 10 Kg), By Application (Assembly, Pick & Place, Machine Tending and Others), By Industry (Automotive, Electronics, Metals & Machining, Plastics & Polymers, and Others), By Region, Competition Forecast and Opportunities, 2028", has evaluated the future growth potential of India Collaborative Robots market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Collaborative Robots Market.
Explore in-depth insights and future market outlook. Download Now
Contact
Techsci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
Tel: +13322586602
Email: sales@techsciresearch.com
Comments