The article cited AMA's Global Industrial Robot Market Study explored substantial growth with CAGR of 13.4%. According the report, Technology Advancement Such As Integration of Vision Systems with Industrial Robots is one of the primary growth factors for the market. Rising Demand for Collaborative Robots across Various Industry Segments is also expected to contribute significantly to the Industrial Robot market. Overall, Arc Welding applications of Industrial Robot, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.

AMA’s Analyst on the Global Industrial Robot market identified that the demand is rising in many different parts of the world as "Rising Automation in Electronics Industry Majorly In Asia Pacific Regions Such As China, And Japan". Furthermore, some recent industry insights like "In November 2022, Yaskawa launches industry’s first adaptive robot MOTOMAN NEXT series. An open platform for automation, aiming to solve social issues with robots." is constantly making the industry dynamic. One of the challenges that industry facing is "Interoperability and Scalability Issues with Industrial Robots"

The Services, such as Customer Support Service, is boosting the Industrial Robot market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The End Users, such as Automotive, is boosting the Industrial Robot market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Industrial Robot market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Industrial Robot market and other related sub-markets covered in the study.

o Key & emerging players in the Industrial Robot market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Industrial Robot market size is calculated using market estimation process, the Industrial Robot market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Industrial Robot market size has been validated using both top-down and bottom-up approaches.