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Robotics Market 2021 | Size, Share and Trends by Manufacturers | Growth Rate, CAGR Status, and Regional Segmentation with Forecast Details 2024

Robotics

Robotics Marketreport focuses on latest innovative marketing strategies, trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. Robotics market report includes comprehensive details of the key market dynamics along with relevant market segments and sub-segments.

Robotics market report has provided a top-to-bottom research on the Robotics market features such as growth drivers, threats, opportunities, challenges with a key focus on both global and the regional market. Moreover, Robotics market report presents the market competitive landscape and a corresponding detailed analysis of the leading manufacturers in the market.

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Market Overview:

  • The Robotics Market was valued at USD 31.78 billion in 2018 and is expected to register a CAGR of 25% over the forecast period of 2019-2024. In the past decade, industrial robots used to be high priced, due to which, the ROI is expected to be achieved after a decade. However, presently, smaller collaborative robots are priced for companies to receive ROI in months, instead of decades, often costing around USD 20,000. Declining sensor prices and increasing adoption have further aided lower costs.
  • The market studied is experiencing a significant transformation, with robots growing beyond being the workhorses of industrial shop floors and beginning to adopt the roles of personal assistants, surgical assistants, delivery vehicles, autonomous vehicles, exoskeletons, and unmanned aerial vehicles, among many other uses.
  • Apart from the affordability and user experience, size and shape also plays an essential role in driving the robotics industry. The demand for industrial robots has accelerated since 2010, considerably, due to the ongoing trend toward automation and continued innovative technical improvements in industrial robots.
  • The market is further expanding into new territories, with small- and medium-sized industries adopting automation, thereby creating demand for robots. The availability of small-capacity and cost-effective solutions from major providers is enabling the penetration of robots into industries.

    Global Robotics market competition by top manufacturers, with production, price, and revenue (value) and market share for each manufacturer; the top players including-

  • ABB Ltd
  • Yaskawa Electric Corporation
  • Denso Corporation
  • Fanuc Corporation
  • Kuka AG
  • Kawasaki Heavy Industries Ltd
  • Toshiba Corporation
  • Panasonic Corporation
  • Staubli International AG
  • Nachi Robotic Systems Inc.
  • Yamaha Motor Co. Ltd
  • Seiko Epson Corporation
  • Comau SpA
  • Adept Technologies Inc.
  • Intuitive Surgical Inc.
  • Stryker Corporation
  • Maxar Technologies Ltd (Mda Corporation)

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    Key Market Trends:

    Service Robotics to Register Highest Growth

    Factors like the aging population and shortages of healthcare workers is driving the demand for assistive technology robots. Companies like KUKA(healthcare subsidiary Swisslog) are specializing in robots for healthcare applications. For instance, Swisslog’s Relay is designed for inpatient and outpatient services, like the transport of medicines and other hazardous medications, including chemotherapy.

    The emergence of robotic technology has transformed the way businesses are carrying out their operations. Moreover, with the proliferation of e-commerce, the need for automated warehouses is increasing. Kiva and Mobile industrial Robots(MiR) are prominent companies among other startups that are innovating in the warehouse robotics space.

    Fully automated solutions are providing huge opportunities for warehouse purposes. For instance, MiR’s warehouse robot, MiR 500, a flexible- easy-to-program robots equipped with a laser-scanning technology and lifting capacity of 1,102 lbs and a speed of about 4.5 mph, is designed to automate the transportation of pallets and heavy loads throughout a warehouse. New innovations apart from the laser technologies in warehouse robotics are being led by the startups. For instance, inVia Robotics, a California based startup is developing warehouse cobots, that can work right alongside humans.

    Asia -Pacific to Hold Major Share

    Asia-Pacific is expected to record the highest growth rate over the forecast period, owing to significant adoption of industrial robots throughout the region. China is dominating the regional adoption rate of robotics, owing to the massive deployment in the country’s dominating electronic and automotive manufacturing sector. As these sectors are also developing at a high rate in other economies in the region like India, there is vast potential for growth in the market studied. The regional government is also a major factor for the development of the regional robotics market. For instance, India plans to invest in military robotics, and by 2023, the country is preparing to deploy advanced robotic soldiers. Also, a New Delhi-based company is building robots for the Indian Army.

    What are the market factors that are explained in the report?

    -Key Developments: Robotics market report includes the key strategic developments of the market, new product launch, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market.

    -Market Features: Robotics market report estimated key market structures, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin.

    -Logical Tools: Global Robotics market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return examination have been used to analyze the growth of the key players operating in the market.

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    Detailed TOC of Robotics Market – Segmented by Geography – Growth, Trend, and Forecast:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Advent Of Industry 4.0 Driving Automation
    4.3.2 Increasing Emphasis On Safety
    4.3.3 Demand From The Oil And Gas Industry
    4.4 Market Restraints
    4.4.1 High Cost Of Installation
    4.5 Industry Value Chain Analysis
    4.6 Industry Attractiveness Porter’s Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Type
    5.1.1 Industrial
    5.1.2 Service
    5.2 By End User
    5.2.1 End Users of Industrial Robots
    5.2.1.1 Automotive
    5.2.1.2 Food and Beverage
    5.2.1.3 Electronics
    5.2.1.4 Other End Users of Industrial Robots
    5.2.2 End Users of Service Robots
    5.2.2.1 Logistics
    5.2.2.2 Military and Defense
    5.2.2.3 Medical and Healthcare
    5.2.2.4 Other End Users of Service Robots
    5.3 Geography
    5.3.1 North America
    5.3.2 Europe
    5.3.3 Asia Pacific
    5.3.4 Latin America
    5.3.5 Middle East and Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 ABB Ltd
    6.1.2 Yaskawa Electric Corporation
    6.1.3 Denso Corporation
    6.1.4 Fanuc Corporation
    6.1.5 Kuka AG
    6.1.6 Kawasaki Heavy Industries Ltd
    6.1.7 Toshiba Corporation
    6.1.8 Panasonic Corporation
    6.1.9 Staubli International AG
    6.1.10 Nachi Robotic Systems Inc.
    6.1.11 Yamaha Motor Co. Ltd
    6.1.12 Seiko Epson Corporation
    6.1.13 Comau SpA
    6.1.14 Adept Technologies Inc.
    6.1.15 Intuitive Surgical Inc.
    6.1.16 Stryker Corporation
    6.1.17 Maxar Technologies Ltd (Mda Corporation)

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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