Robotics industry comprises companies that operate by manufacturing, designing, producing and supplying of industrial purpose machines that run and perform minus the assistance, supervision or control of a human being. It is a thriving industry and the industrial robotics market has fully recovered from recession with phenomenal growth in recent times. The market is expected to grow at a relatively slower pace in the next five years; driven by factors like growing non-automotive applications of industrial robotics, increasing use of industrial robots in emerging countries, and benefits like increased productivity and reduction in manufacturing costs, cherished from the use of industrial robots. The market segmentation revolves around the four major market parameters; namely products, applications, functions, and geography. The product market segments the industrial robotics according to the various robots such as articulated, cartesian or gantry, SCARA, cylindrical, and the other robots whereas application market has been segmented by industries such as automobile, automotive, electrical & electronics, chemical, rubber & plastics, heavy machinery, metals, food & beverage, precision & optics, and the others.