The Global Industrial Robotics Market was valued at USD 41.86 billion in 2017, and is expected to reach USD 73.51 billion by 2023, registering a CAGR of 9.84%, over the forecast period 2018 to 2023.Rapid expansion of the automotive industry and growing adoption of robotics in non automotive industry including chemicals, food and beverages ,rubber and plastics, electronics and electrical are stoking the growth of market.
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Advancement in artificial intelligence and development in sophisticated sensors projected to augment the development of self programming robots.By 2020, the automotive segment is expected to account for the largest revenue share of approximately 40.0%, which can be attributed to fact that robotics play vital role in the assembly of vehicles.
Top impact factors on the industrial robotics market growth are as follows:
• Rapid Industrialization and Automation
• High Initial Investment
• High Labor Cost and Lack of Skilled Workforce
The Global Industrial Robotics Market key segment by its Type, Region, Market Players, Function are:
By Type:
• Articulated
• SCARA
• Cylindrical
• Cartesian
By Region:
• North America
• Europe
• Asia-Pacific
• RoW
By Function:
• Soldering and Welding
• Assembling and Disassembling
• Materials Handling
• Painting and Dispensing
• Miling, cutting and Processing
• Others

Market Key Players:
• ABB Ltd
• Omron Adept Technologies
• Mitsubishi Electric Corporation
• YRG
• Toshiba Machine co.Ltd
• Panasonic Corporation
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