Driven by broader automation / technology trends in Discrete (e.g., Automotive, Electronics) and Hybrid industries (e.g., Food & Beverage), IIoT / Industry 4.0, and pursuit of operational efficiencies / optimization, industrial end-users have increased adoption of industrial robots.
Across industries, differing applications require distinct robot types, with legacy robots such as Articulated and Cartesian reaching high levels of maturity, while Autonomous Mobile Robots (AMR) and Cobots are expected to see significant growth in adoption / maturity over the next 5-10 years.
The continued growth and integration of robotics into the Automation ecosystem will spur continued investment by legacy and emerging suppliers, expand links / convergence with Industrial Software players via partnership, and unlock new business value for both suppliers and end-users.