Food Robotics Analysis Market Is Projected to
Reach a Valuation of USD 345.3 Million by 2025 : Grand view Research, Inc.
According
to a report by Grand View Research, Inc., global Food Robotics Market is
estimated to reach at USD 3.35 billion by 2025 growing at a CAGR of 13.1% over
the forecast period (from 2018 to 2025). Growing requirement for high
operational efficiency in production process, as a result of increasing need
for packaged and processed foods, is anticipated to propel the demand for food
robotics. Automated machines offer maximum work efficiency at reduced labor
cost. Continuous technological developments in robotics coupled with
introduction of advanced and innovative automation technologies can further
stimulate the demand for robotic systems. In addition, stringent government
regulations for food safety are also anticipated to contribute toward the
market growth.
Full Research Report On Food Robotics Market Analysis: https://www.grandviewresearch.com/industry-analysis/food-robotics-market
The
food robotics market is segregated on the basis of product type, payload,
application, and region. Based on product type, the market is classified into
parallel, articulated, SCARA, cylindrical, and other. In 2016, articulated
segment dominated the market and accounted for the highest market share. The
SCARA, parallel, and cylindrical segments are expected to have a substantial
growth during the forecast period. Based on payload, the market can be divided
into medium, low, and heavy. Low and medium payload capacity segments are
anticipated to grow rapidly during the forecast period. Low, medium, and heavy
payload systems can have payload capacities of 0–10 kg, 10 kg–100 kg, and 100+
kg, respectively.
Based
on application, the market is segregated into repackaging, packaging,
palletizing, picking, processing, other. Packaging segment is expected to grow
at phenomenal CAGR during the forecast period mainly due to rising demand for
packaged food. Growing adoption of automated machines in food processing is
also estimated to drive the processing and repackaging segments over the
forecast period. Based on geographies, the market is divided into Europe, North
America, Asia Pacific, and Rest of the World (ROW). In 2016, Europe dominated
the global market and accounted for the largest share attributed to strict food
safety regulations and increasing labor costs. Regulatory measures taken by the
European governments towards food safety are also likely to impel the demand
for automated systems in the region.
View More Reports Of This Category By Grand View Research At: https://www.grandviewresearch.com/industry-analysis/food-robotics-market
In
Asia Pacific, the market is anticipated to witness a remarkable growth during
the forecast period. High demand for packaged and processed food owing to
increasing disposable income has fueled the adoption of food automation
technologies in the region. In North America, the market is expected to grow
substantially over the next few years. Strong presence of prominent
manufacturers is expected to be the key factor driving the market growth in
this region.
Some
of the leading companies offering food robotics are Yaskawa Electric
Corporation; ABB Group; Kawasaki Heavy Industries Ltd.; Fanuc Corporation; and
Mitsubishi Electric Industries. Most of the companies invest in R&D to
introduce advanced robotic solutions to meet rising consumer demands. For
instance, Japanese electronics giant Sony and Carnegie Mellon University (CMU)
have collaborated for a research study on use of robotics and Artificial
Intelligence (AI) to optimize food preparation, cooking, and delivery. Research
work is expected to be carried out at the CMU’s School of Computer Science in
Pittsburg. The team includes experts from various fields such as Machine
Learning (ML), AI, and robotics. The team will be developing robots that can
handle irregular and fragile materials to perform small or even complex
commercial and household tasks.
Access Full Press Release of this
Report:
https://www.grandviewresearch.com/press-release/global-food-robotics-market
https://www.grandviewresearch.com/press-release/global-food-robotics-market
About Grand View
Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For more information: https://www.grandviewresearch.com/
No comments:
Post a Comment