As per the latest report by IMARC Group, titled “Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on global robotics industry report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global robotics market reached a value of US$ 33.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 87.2 Billion by 2027, exhibiting a CAGR of 17.6% during 2022-2027.
Robotics is a multidisciplinary branch dealing with the design, construction, and operation of robots in automation. The objective of this branch is to create machines that have intellectual and mechanical capabilities. Robots are automatically operated machines that are capable of carrying out a complex series of actions. At present, robots are widely used in various industry verticals due to their improved consistency, efficiency, and productivity.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Robotics Market Trends:
The global market is majorly driven by the growing adoption of automation for business applications. In line with this, the increasing demand for security, inspection and delivery robots in the commercial market due to their high efficiency and affordable costs are positively influencing their uptake. Several manufacturers are also investing in research and development activities to develop innovative technologies to improve the overall efficiency of robotics. Apart from this, governments across numerous countries are undertaking initiatives to improve their healthcare infrastructure by introducing robot-assisted surgeries, thereby creating a positive outlook for the market.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- ABB Group
- KUKA AG
- FANUC Corporation
- Yaskawa Electric Corporation
Robotics Market Segmentation:
Our report has categorized the market based on region and product type.
Breakup by Product Type:
- Industrial
- Breakup by Type
- Articulated
- Cartesian
- SCARA
- Cylindrical
- Others
- Service
- Breakup by Type
- Personal and Domestic
- Professional
- Breakup by Application
- Household Applications
- Entertainment Applications
- Defence Applications
- Field Applications
- Logistics Applications
- Healthcare Applications
- Infrastructure Applications
- Mobile Platform Applications
- Cleaning Applications
- Others
Regional Insights:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.
Other Reports of IMARC Group:
Food Robotics Market: https://www.imarcgroup.com/food-robotics-market
Robotic Vacuum Cleaner Market: https://www.imarcgroup.com/robotic-vacuum-cleaner-market
Voice and Speech Recognition Market: https://www.imarcgroup.com/voice-speech-recognition-market
Text Analytics Market: https://www.imarcgroup.com/text-analytics-market
Speech Analytics Market: https://www.imarcgroup.com/speech-analytics-market
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