India Robotics Market to be driven by growing demand across sectors including healthcare and manufacturing by 2029
The
India Robotics market to be driven by increasing demand for robots and investments.
According to
TechSci Research report, “India Robotics Market - By Region, Competition
Forecast & Opportunities, 2019-2029F,” the India Robotics Market is
expected to register robust growth during the forecast period, 2025-2029.
The India robotics market is growing at a tremendous rate, driven in part by
the increasing demand for automation in the manufacturing industry. Automation
technology has become vital for the modern production process, offering
efficient production and cost reduction. This bolstered the need for robotics,
seen as the most reliable way to automate processes. Further, cutting-edge
robotic technology has allowed these machines to complete a wider range of
tasks, increasing its widespread adoption. Moreover, the market for robotics is
also being bolstered by the advances in Artificial Intelligence (AI). AI
technology is used to improve the accuracy and speed of robot operations,
allowing them to learn from their experiences, adapt to expansive environments,
and to autonomously perform tasks with reduced human assistance. As AI
technology continues to expand, the India robotics market is expected to
continue its strong growth trajectory.
The rise of robotics in the medical sector is
transforming the Indian healthcare system. Robotic automation provides
unprecedented levels of accuracy, reducing the potential for errors during
medical procedures. In surgeries, complex procedures are possible due to robots
which humans would not be able to perform with the same precision. This has
improved the outcomes of operations, often with greater success. Aside from
this, robotic automation has also provided a safer environment, taking on
hazardous tasks which would otherwise put human workers at risk. In addition,
it has allowed businesses to reduce their labor costs. As a result, this
innovative technology is proving to be extremely beneficial in India. The India
robotics market is experiencing a significant surge in growth due to a
combination of factors, including growing demand for automation in the
manufacturing sector, cutting-edge advances in artificial intelligence, the
increasing application of robotic technology in the medical field, the cost and
safety advantages it provides, and greater consumer acceptance. These shifts,
coupled with a higher demand for household robots that can vacuum floors, mow
lawns, and perform a variety of other tasks, are all helping to propel the
robotics market into new heights in India. Going forward, it is likely that the
robotics market will continue its rapid growth.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC on the "India Robotics Market.”
The India Robotics market
is segmented into component, type, application, industry vertical, region, and competitive
landscape. Based on components, the market is segmented into hardware and software.
Based on type, the market is divided into articulated, cartesian and SCARA, cylindrical
and others. Based on application, the market is segmented into disinfection, shelf
scanning, RFID scanning and delivery, and security & inspection. Based on industry
vertical, the market is segmented into manufacturing, automotive, retail, healthcare,
and others.
Key
market players in the India Robotics Market include:
- ABB India Limited
- KUKA Robotics
(India) Private Limited
- SVAYA
ROBOTICS PVT. LTD
- DiFACTO
Robotics and Automation Pvt Ltd
- Robotronics
- Flytbase Labs
Private Limited
- Sastra
Robotics India Pvt Ltd
- Gridbots
Technologies Pvt. Ltd
- ASIMOV
Robotics Pvt Ltd
- Systemantics
India Pvt Ltd.
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“The robotics market in India is expected to
experience remarkable growth over the next several years, driven by factors
such as young and growing population with increasing disposable income,
technological advancements, government initiatives, and rising demand from
various sectors. Robotics is expected to revolutionize the manufacturing sector
in India. The automotive industry is particularly expected to benefit from the
mechanization and automation of processes. The government’s Make in India
initiative aims to encourage the development of the domestic manufacturing
sector and robotics, along with other advanced technologies, which play a
significant role in this. Apart from manufacturing, robotics has applications
in other industries such as healthcare, agriculture, defense, and transport. In
the healthcare sector, technologies such as industrial robots, non-invasive
surgical robots, and prosthetic robots are expected to be widely adopted in the
near future. Robotics is also increasingly being used in the education sector,
with some schools in India introducing it to make the learning process more
interactive. Higher education levels are likely to be changed with advancements
in robotics. Robotics can help students gain practical experience on the
operation of machines, while developing soft skills such as research,
problem-solving, and teamwork. The government, with its initiatives like the
Smart Cities Mission, is promoting the use of advanced technologies, including
robotics, to improve efficiency. Overall, the potential for the robotics market
in India is immense, with a wide range of applications that can revolutionize
multiple industries. Advanced technologies and robotics can generate job
opportunities and create a more efficient economy, “said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“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,”
has assessed the India Robotics market's
future development potential and provides data and information on market size,
structure, and projected market growth. The report's goal is to give current
market knowledge and assist decision makers in making informed investment
decisions. Furthermore, the study identifies and analyzes emerging trends, as
well as key drivers, constraints, and opportunities in the India Robotics
market.
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