The India Industrial Robots Market is to Touch $2.5 Billion by 2030; The Market is driven by government measures supporting Industry 4.0 and smart factories, growing labor costs, and increased manufacturing automation.

The India Industrial Robots Market size is estimated to reach $2.5 billion by 2030, growing at a CAGR of 15.1% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “India Industrial Robots Market  – By Category (Articulated Robot, Cylindrical Robot, Linear Robots, Cartesian & Gantry, Parallel Robot, SCARA Robot, Spherical Robots, Dual arm, Others), Configuration (Mounted, Cobots/Collaborative Robots), By  Components (Manipulator, Sensor Devices, Robot Tooling, RCU - Robot Controller Unit), By Payload (Up to 5KG, 5.1 to 10 KG, 10.1 to 15 KG, and More than 15 Kg), By End User (Automotive and Autoparts, Electrical & Electronics, Food and Beverages, Metal Fabrication and Palletization, Medical, Chemical, and Life Sciences, Others), By Geography - India Opportunity Analysis & Industry Forecast, 2024-2030”

The market for industrial robots in India is expanding quickly, propelled by a rise in the use of automation in industries including manufacturing, automotive, and electronics. Growing labor costs have influenced this trend, the requirement for accuracy, and the desire to increase production efficiency. Capabilities are being enhanced by technological breakthroughs like IoT-enabled robotics and the incorporation of artificial intelligence (AI). Important participants are Yaskawa, and ABB. However, issues like a high upfront cost and a shortage of trained labor continue to exist. Industrial robot sales in India could rise due to the government's emphasis on "Made in India" and Industry 4.0 projects.

The high initial cost of investment is a major barrier to the industrial robotics market's expansion in India. Many small and medium-sized businesses (SMEs), which make up a sizable portion of the manufacturing sector in India, struggle to pay for the initial expenses associated with implementing industrial robots. In addition to the robots themselves, these expenditures also cover integration, training, maintenance, and operational modifications. In the short term, automation solutions may not be as attractive for SMEs because the return on investment (ROI) may take many years to materialize. The financial strain is further increased by the expense of importing cutting-edge robotics technology from wealthy nations. This large capital investment may discourage businesses from using automation, especially those in more established industries like small-scale manufacturing, food processing, and textiles. Small and medium-sized businesses (SMEs) have greater challenges since they frequently run on low margins, whereas large firms may have the financial capacity to engage in robotics. To overcome this obstacle, low-cost, locally produced robots must be developed, and government grants or incentives must be provided to increase accessibility to automation. India must fully harness the promise of industrial robotics to increase productivity and competitiveness by overcoming the obstacle of high initial costs.

India's industrial robotics industry is expanding significantly, mostly due to the country's rapidly growing electronics and automotive sectors. For instance, in 2023, the production of industrial electronics accounted for 12%. Industrial robot demand has increased as both industries use automation more and more to increase productivity and efficiency. Robots are essential to the automobile industry because they assist manufacturers reach strict production targets and ensure consistent quality in areas such as assembly lines, welding, painting, and material handling. Similar to this, industrial robots are used in the electronics industry for jobs like packing, testing, and precision assembly, where speed and accuracy are essential. The need for automation solutions has grown as a result of India's emergence as a major worldwide hub for the production of electronics and autos, with businesses looking to cut expenses on labor, limit mistakes, and boost output. Furthermore, encouraging government programs like the "Make in India" campaign and higher FDI have sped up the manufacturing sector's adoption of cutting-edge technologies. These elements, along with the growing interest in Industry 4.0 methods, could keep India's industrial robotics market developing and establish the nation as a major player in the world of automation.

The market for industrial robots in India is expanding as a result of the increased use of automation in industry. According to Dristi IAS, in 2022, the Indian government intends to see 25% of the nation's output come from the manufacturing sector by 2025. Automation plays an increasingly important role in modern industrial processes as firms strive to increase productivity, lower operating costs, and improve product quality. The need for industrial robots is highest in India in industries like automotive, electronics, and pharmaceuticals, which use automation to reduce human error, match international standards, and expedite production. The need for robots has increased due to the growing trend of smart factories and Industry 4.0 technologies, which allow manufacturers to combine robotics with cutting-edge digital tools like IoT, AI, and machine learning. This change aids businesses in remaining competitive in an Indian market that is changing quickly. Furthermore, to promote homegrown manufacturing, the Indian government has promoted the adoption of automation technologies across industries through programs like "Make in India" and Production Linked Incentives (PLI). Automation has become a desirable option for businesses looking for scalability and consistency due to growing labor expenses and a lack of competent people in some industries. All things considered, these causes are propelling India's industrial robots market to strong expansion, establishing automation as a key force behind the industrial revolution.

• In May 2024, India Accelerator introduced RUMS (Robotics, Unmanned & Space) to assist companies in the unmanned and robotics industries. oversees the expansion of RUMS and promotes innovation in the defense and other vital industries.

• In May 2024, Collaborate India is a new initiative by Universal Robots, a Danish company that produces smaller, more flexible industrial cobots. Collaborate INDIA's "The Future of Industry" highlights how automation has the power to drastically alter the industrial landscape.

• In October 2023, Hikrobot showcased its most recent state-of-the-art technologies and clever solutions at the 16th Automation Expo-2023. At the event, Hikrobot introduced its four new products. Three different kinds of mobile robots (LMR, FMR, and CTU) have also been shown.

Key companies profiled in the India Industrial Robots Market are Fanuc, KUKA AG, ABB Group, Yaskawa Electric Corporation, EPSON, Kawasaki Heavy Industries, Mitsubishi Electric Corporation, Omron Adept Technology, Staubli, Denso Corporation and others.