Food Robotics Market by Types of Robots, Payload and Application- Global Industry Analysis and Forecast to 2023

The Food Robotics Market was worth USD 0.87 billion in the year 2014 and is expected to reach approximately USD 2.55 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 12.70% during the forecast period.The developing accentuation on expanding operational productivity underway and rising interest for packaged foods are foreseen to drive the development of food robotics market. The quick changes that are occurring in the robotics technology and the advent of robotics technology and innovative computerization advances are driving the interest for robotics systems in the food industry. The technologies help consumers in the automation of differing industrial applications, for example, packaging, palletizing, and processing.

The leading players in the market are Yaskawa Electric Corporation, Fanuc Corporation, Rockwell Automation, Mitsubishi Electric Industries and ABB Group. The expanded implantation computerization innovations for food production and processing purposes are boosting the development of the market. The expanding number of major players in the market is impacting the opposition, as the suppliers are spending on the innovative work exercises to present imaginative answers for meeting the necessities of the business. The rising requirement for automated processes and the financial development of the rising nations are giving new development roads to the producers.

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The global Food Robotics Market is segmented as follows-

By Type:
SCARA
Articulated
Cylindrical
Parallel
Others

By Payload:
Medium
Low
Heavy

By Application:
Packaging
Palletizing
Processing
Repackaging
Picking
Others

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