17-Oct-2023
The thriving food and beverage industry and rising government initiatives are driving up demand for the India Delta Robots market during the forecast period.
India Delta Robots Market was valued at USD 53.96 million in 2022, and is predicted to reach USD 193.9 million by 2030, with a CAGR of 16.24% from 2023 to 2030, according to new research by Next Move Strategy Consulting.
India's food and beverage industry is experiencing rapid growth and is progressively adopting industrial process automation systems to enhance production efficiency, minimize downtime, and improve product quality. In this sector, various industrial process automation systems, including delta robots, are being employed to increase productivity and meet the rising demand.
For instance, in July 2023, India launched 'Make in India' and 'Aatmanirbhar Bharat' to boost the manufacturing industry and increase its contribution to India's Gross Domestic Product (GDP) to 25% from 16% by 2025, which in turn increases the market growth.
However, the market faces a significant growth challenge primarily because delta robots come with a substantial price tag. Despite their well-known precision and efficiency, this high cost can discourage many businesses, especially small and medium-sized enterprises (SMEs).
Additionally, the extended time required to achieve a return on investment (ROI) due to these significant upfront expenses can dissuade companies seeking immediate cost savings and efficiency improvements. This situation not only hinders market expansion but also contributes to market consolidation. As a result, only larger corporations can afford and benefit from this advanced automation technology.
The delta robot market has a substantial opportunity for growth by incorporating advanced technologies such as computer vision and artificial intelligence (AI) to elevate precision. These state-of-the-art technologies empower delta robots to operate with greater accuracy and efficiency, opening up new possibilities for applications across diverse industries.
Integrating computer vision and AI not only enhances precision but also boosts overall productivity while minimizing errors in manufacturing processes. This integration has the potential to reduce costs, elevate product quality, and enhance the competitiveness of businesses employing delta robots alongside these advanced technologies. As industries increasingly embrace automation and seek greater precision and flexibility, the delta robot market stands to benefit significantly from the incorporation of computer vision and AI.
According to the report, leading players in the India Delta Robots market include ABB Ltd., Fanuc Corporation, Kawasaki Heavy Industries Ltd, Yaskawa Electric Corporation, FESTO, Weiss GmbH, Omron Corporation, IGUS GmbH, Cama Group, and KUKA AG.
The information related to key drivers, restraints, and opportunities and their impact on the India Delta Robots market is provided in the report.
The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.
The market share of players in the India Delta Robots market is provided in the report along with their competitive analysis.
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