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Expected growth of 20%! Will this type of robotics company welcome a new opportunity?
Release time:
2021-07-12
In recent years, the robotics and automation industry has faced significant challenges. Even before the pandemic, the situation was difficult. For example, in 2019, the automotive industry, a major consumer of industrial robots, saw a decline in demand for traditional internal combustion engine vehicles. Additionally, the electronics market was also sluggish, as was the machine manufacturing market. The rebound in 2020 was hindered by the pandemic crisis, leading to an 11.1% decline in global industrial robot market revenue and a 5.9% drop in shipments. However, today, as end customers resume long-delayed industrial automation projects, we are witnessing a strong rebound in 2021. After 2021, while activity may not be as frenzied, Interact Analysis (market analysis) predicts continued strong growth, especially as the experience of operating factories while maintaining social distancing has prompted even the most conservative production line managers to seriously consider the potential offered by automation.
In recent years, the robotics and automation industry has been quite challenging. Even before the pandemic, the situation was full of challenges. For example, in 2019, the automotive industry, a major consumer sector for industrial robots, saw a decline in demand for traditional internal combustion engine vehicles.
In addition, the electronics market is also sluggish, as is the machine manufacturing market. The rebound in 2020 was hindered by the pandemic crisis, with global industrial robot market revenue declining by 11.1% and shipments dropping by 5.9%.
However, today, as end customers resume long-delayed industrial automation projects, we are seeing a strong rebound in 2021. After 2021, although activity may not be as frenzied, Interact Analysis (market analysis) predicts that strong growth will continue, especially because the experience of operating factories while maintaining social distancing has prompted even the most conservative production line managers to seriously consider the potential offered by automation.
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