According to the new market research report "Top Robotics Market
by Top Industrial Robotics (Articulated, SCARA, Cartesian, Parallel,
and Collaborative), Top Service Robotics (Logistics, Domestic, Medical,
Field, and Defense, Rescue, & Security) - Global Forecast to 2023",
The top industrial robotics market is expected to grow from USD 44.02
Billion in 2018 to USD 69.14 Billion by 2023, at a CAGR of 9.45% during
the forecast period; the top service robotics market is expected to grow
from USD 11.27 Billion in 2018 to USD 29.76 Billion by 2023, at a CAGR
of 21.44% during the forecast period.The growth of the top robotics
market is driven by factors such increasing demand for service robots
from medical and healthcare sectors, and growing investments for
automation in various industries.
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Articulated robots to capture the largest share of the top industrial robotics market in 2018
Articulated robots are expected to hold the largest
share of the top industrial robotics market in 2018 owing to increased
payload capacity, work envelope, reliability, and speed, articulated
robots are used in several applications, including welding, painting,
assembly, packaging, palletizing, depalletizing, machine tending,
sealing, gluing, cutting, cleaning, deburring, die casting, grinding,
polishing, material handling, case packing, pick and place,
pre-machining, and press brake tending.
Top industrial robotics market for metal and machinery industry to grow at a high rate during the forecast period
The metals and machinery industry has been among the
versatile industries for automation solutions. It performs several
functions ranging from small details to higher performance in complex
tasks. With growing demand for machines in industries, such as
agriculture, packaging, and manufacturing, for various applications, the
top industrial robots market for the metals and machinery industry is
expected to grow at a high rate during the forecast period.
APAC to hold the largest share of the top service robotics market during the forecast period
Among the 4 regions considered (North America,
Europe, APAC, and RoW) in the report, APAC is expected to hold the
largest share of the top service robotics market during the forecast
period (2018–2023). Adoption of service robots by countries such as
China, India, Japan, and South Korea for a myriad of personal and
professional applications contribute to the growth of the top service
robotics market in APAC. Also, the rising demand for mobile service
robots, such as autonomous ground vehicles (AGVs) and logistic robots,
for logistic stock management application is driving the growth of the
market in this region.
The top industrial robotics market is currently
dominated by players such as FANUC (Japan), ABB (Switzerland), Yaskawa
(Japan), KUKA (Germany), and Mitsubishi (Japan). CMA Robotics S.p.A.
(Italy), Robert Bosch GmbH (Germany), Anhui Efort Intelligent Equipment
(China), Precise Automation, Inc. (US), Rethink Robotics (US), and
F&P Robotics AG (Switzerland) are some of the emerging players in
the top industrial robotics market. The top service robotics market is
currently dominated by players such as Northrop Grumman (US), iRobot
(US), DJI (China), Intuitive Surgical (US), and Honda Motor (Japan).
Samsung Electronics (South Korea), GeckoSystems (US), DeLaval (Sweden),
and Kongsberg Maritime (Norway) are some of the emerging players in the
top service robotics market.
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