PUBLISHER: Inkwood Research | PRODUCT CODE: 1427014
PUBLISHER: Inkwood Research | PRODUCT CODE: 1427014
The North America industrial robotics market is set to register a CAGR of 12.14% during the forecast period, 2024-2032. The increasing adoption of industrial robots in the area is attributed to the rising influx of foreign direct investments (FDI) from non-NAFTA car manufacturers. Additionally, advancements in product development and research have broadened the application of industrial robots across various manufacturing sectors in the United States.
Canada and the United States are assessed for the North America industrial robotics market growth evaluation. Canada boasts a favorable regulatory environment that supports the development and testing of robotics products. Additionally, the country is equipped with a robust infrastructure for robotics education, with over 20 technical colleges and universities offering specialized courses in computer control techniques, pneumatics, hydraulics, mechatronics, and robotics.
Furthermore, diverse businesses spanning various industry verticals are increasingly investing in innovative production technology to take advantage of new processes and factory retooling, enabling flexible automation. Recognizing the significance of robotics for economic growth, the government has allocated funds to the Canadian Space Agency for the construction of rover and robotic arm prototypes.
In line with its position as a global leader in cutting-edge research and development, Canada actively supports entrepreneurial endeavors and innovation. Significant incentives for research and development activities are provided by both provincial and federal governments, fostering a conducive environment for investors in the field.
Some of the eminent firms in the market include SCHUNK GmbH, Seiko Epson Corporation, Rockwell Automation Inc, etc.