India Robotics Market By Component (Hardware, Software), By Type (Articulated, Cartesian, SCARA, Cylindrical and Others), By Application (Disinfection, Shelf Scanning, RFID Scanning and Delivery, Security & Inspection), By Industry Vertical (Manufacturing, Automotive, Retail, Healthcare and Others), By Region, Competition Forecast & Opportunities, 2029F
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationIndia Robotics Market By Component (Hardware, Software), By Type (Articulated, Cartesian, SCARA, Cylindrical and Others), By Application (Disinfection, Shelf Scanning, RFID Scanning and Delivery, Security & Inspection), By Industry Vertical (Manufacturing, Automotive, Retail, Healthcare and Others), By Region, Competition Forecast & Opportunities, 2029F
India Robotics Market
Increasing Adoption of Automation in Manufacturing
The India robotics market is anticipated to experience substantial growth due to an increase in automation within manufacturing. Automation is a system in which operations are either controlled or performed by other machines. This process has led to more efficient processes, reduced labor costs and advanced product excellence. By utilizing automation, labor costs have been slashed through simplifying the production processes and omitting errors through manual control. Furthermore, automation has allowed manufacturers to build more customizable products, as they can now program robots to produce a wide array of tasks in multiple configurations. This also enables them to remain competitive and update customer demand. Because of automation, a range of robotic solutions have surfaced, such as industrial robots, mobile robots and robotic arms. All of which contribute to improving productivity and cutting costs.
Rising Demand for Automated Solutions in Logistics and Warehousing
The recent surge in demand for automated solutions in warehousing and logistics has caused the robotics industry to expand quickly. Because automation has several benefits, including enhanced accuracy, increased efficiency, and lower costs, it has become a fast-expanding trend in the logistics and warehousing sector. The demand for increased production, higher quality, and lower costs are a few additional drivers that are propelling the growth of the Indian robotics industry. Because it can automate tedious activities, cut operational costs, and increase accuracy, robotics has been widely used in logistics and warehousing. Robotics adoption in the sector can enhance warehouse operations, lower labor costs, and boost productivity. Robotics can be utilized to automate pick-and-place procedures as well as track and monitor inventory levels. Robots can also be used to fill orders since they can be programmed to do it fast and precisely. Additionally, materials loading and unloading, as well as processes for palletizing and de-palletizing, can all be automated using robots. Additionally, the application of robotics in warehousing and logistics might aid in lowering safety hazards. Robots can be designed to adhere to safety rules and lower the possibility of workplace mishaps. The India robotics market is poised for significant growth in the upcoming years due to the rising demand for automated solutions in logistics and warehousing. Companies are investing heavily in robotics technology to take advantage of its various benefits such as improved efficiency, lowered costs, and enhanced safety in the workplace. Consequently, this technology is expected to become widely adopted in the near future as it offers a range of advantages. The continuing demand for automated solutions in the logistics and warehousing industry is likely to further fuel the growth of the India robotics market.
Growing Demand for Service Robotics
The India robotics market is predicted to experience expansive growth in the coming years due to the increasing demand for service robotics. Recent years have seen remarkable developments in the refinements of service robotics, attributed to the rapid progression of related technologies, such as artificial intelligence and machine learning. Currently, robots are being leveraged to carry out a wide range of tasks, ranging from healthcare to education, retail, and hospitality. Service robots are AI-enabled machines designed to assist and collaborate with humans, replacing tedious manual labor. In addition to vacuuming, mowing lawns, and delivering items, service robots are being used for security and customer service, amongst various other tasks. The demand for service robotics is increasing due to a range of reasons, including the need for cost efficiency and automation. These robots can support a variety of tasks, such as medical procedures, providing companionship to the elderly, and monitoring environmental conditions. They are being used more by the retail sector to help customers, increase efficiency and reduce labor costs. Furthermore, in industries such as healthcare and hospitality, service robotics are being adopted to improve efficiency and lower expenses. Consequently, the increasing use of robots in various sectors is anticipated to drive the service robotics market. Businesses in India are turning to service robotics to maximize the efficiency of their functions and, in turn, cost reductions. This development is creating growth prospects in the Indian robotics market, financially, operationally and technologically. Robots are progressively being employed in numerous manufacturing stages, from creation of products as quality control to inventory management, causing the beginnings of a robotics boom within the country. Additionally, investments being made by the government, infrastructural initiatives, research and development propelling the market hinders growth. There is increasing adoption of robots in various industries for mundane tasks and enhancing production processes which are resulting in removal of labor costs and bumping profits. This rise in commerce robots can oblige bearing a great opportunity ranging from technical fields to academia.
Recent Developments
Market Segments
The India Robotics market is segmented into component, type, industry vertical, region, and competitive landscape. Based on component, the market is segmented into hardware and software. Based on type, the market is divided into articulated, cartesian and SCARA,
Market Players
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| Attribute | Details |
| Base Year | 2023 |
| Historic Data | 2019 – 2022 |
| Estimated Year | 2024 |
| Forecast Period | 2025 – 2029 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2019-2023 and 2024-2029 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | Component Type Application Industry Vertical Region |
| Regional scope | East India, West India, North India, South India |
| Key companies profiled | ABB India limited, KUKA Robotics (India) Private Limited, SVAYA ROBOTICS PVT. LTD, Flytbase Labs Private Limited, Sastra Robotics India Pvt Ltd, Gridbots Technologies Pvt. Ltd, DiFACTO Robotics and Automation Pvt Ltd, ASIMOV Robotics Pvt Ltd, Robotronics, Systemantics India Pvt Ltd. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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