An industrial robot is a mechanical device used to perform repetitive or dangerous tasks with a high degree of accuracy. Industrial robots are programmable, automated, and capable of movement on three or more axes. Typical applications of industrial robots include welding, ironing, painting, assembly, palletizing, pick and place, testing, and product inspection, all accomplished with high endurance, speed, and precision. The latest developments in industrial robotics, as per the latest trends are being explored for making the robot suitable to the changing requirements of customers in various sectors, such as automotive, medical, aerospace, military, etc. The robotic industry is continuously evolving, so is the need for industrial robotic solutions. The recent developments in industrial robotics are also being examined for designing new solutions. The latest developments in industrial robotics are mainly related to new segments of industries which have witnessed immense growth in terms of sales and demand. For instance, in October 2019, ABB planned to invest US$ 150 million to build an advanced robotics factory in China, which is expected to be operational by the end of 2020.
Industrial robots offer several benefits, such as cost reduction, size reduction, increased rate of operation, improved quality, and improved manufacturing efficiency and flexibility.