Top Robotics Market expected to reach $176.8 billion by 2025

 

The report "Top Robotics Market with COVID-19 Impact Analysis by Top Industrial Robotics (Articulated, SCARA, Cartesian, Parallel, Collaborative), Top Service Robotics (Logistics, Domestic, Medical, Defense, Rescue, and Security) - Global Forecast to 2025", is projected to grow from USD 76.6 billion in 2020 to USD 176.8 billion by 2025; it is expected to grow at a CAGR of 18.2% during the forecast period. Owing to COVID-19, the top robotics market is estimated to have lower growth for 2019–2020 than expected. The key reason for this is that the market for industrial robots is expected to be severely impacted due to COVID-19 during Q3 and Q4 of 2020, which can be attributed to a slowdown in production in the large industries such as automotive and metals & machinery. Some service robots, such as drones and AGVs, are witnessing increased growth due to the need for no contact delivery. However, milking robots are expected to have a decline due to supply chain disruptions in agriculture.

• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=552191

Browse 148 market data Tables and 133 Figures spread through 350 Pages and in-depth TOC on "Top Robotics Market with COVID-19 Impact Analysis by Top Industrial Robotics (Articulated, SCARA, Cartesian, Parallel, Collaborative), Top Service Robotics (Logistics, Domestic, Medical, Defense, Rescue, and Security) - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/top-robotic-market-552191.html

Market for personal & domestic service robots is projected to grow at a higher CAGR during the forecast period

Personal & domestic service robots are meant for household chores, educational purposes, entertainment, and assistance to the elderly, as well as people with special needs. Robots used for personal and domestic purposes include vacuuming robots, lawnmowers, pool cleaning robots, window cleaning robots, gutter cleaning robots, exoskeletons, toy robots, hobby systems, educational robots, and robots for assistance and elderly care. The market for personal and domestic robots is expected to grow at a higher CAGR during the forecast period. This can be attributed to initiatives such as offering robots on a rental basis. For instance, Pepper, a humanoid manufactured by SoftBank Robotics (Japan), is available on a subscription contract of USD 360 per month over a period of 36 months (excluding fixed and maintenance costs), distributing the total cost of USD 14,000. Robotic vacuums and lawn mowers have increased their value proposition due to innovative features and technology, making then more attractive and practical to buyers

Market for ground robots projected to grow at highest CAGR during the forecast period

Ground-based robots can be used on the surface of the earth without human presence in applications such as medical, logistics, and personal services. The ground environment constitutes of automated guided vehicles (AGVs), cleaning robots, agricultural robots, surgical robots, entertainment robots, inspection robots, humanoid robots, powered exoskeletons, telepresence robots, and others. Ground robots are used for applications such as surgeries, cleaning, and elderly care and communication through telepresence and assistance. With the increase in nuclear families and global population, the number of households has increased, generating more demand for vacuuming robots. According to the World Economic Forum 2018, “The world needs to build 2 billion new homes over the next 80 years.” Also, the increase in the aging population worldwide has increased the demand for assistive robots, particularly in countries such as China and Japan, and affordable prices are driving the market of vacuuming robots.

Automotive to dominate the industrial robotics market from 2020 to 2025

The automotive industry is one of the biggest users of industrial robots in the market. Automotive manufacturers strive for consistency and repeatability since any issue can stop the flow in a vehicle assembly line. Traditional industrial robots in the automotive industry are primarily used for productivity. For instance, Great Wall Motors (China) has installed 27 IRB 7600 robots from ABB (Switzerland) to facilitate handling and welding applications. It is considered to be among the most productive manufacturing lines in the industry. Collaborative robots, on the other hand, are deployed for working alongside factory workers. For instance, Nissan (Japan) installed UR10 robot from Universal Robots (Denmark) to loosen engine bolts and install engine block intake manifolds.

APAC to have highest share of top industrial robotics market and is also estimated to grow at the highest CAGR during forecast period

APAC is considered as a major manufacturing hub in the world and expected to provide ample growth opportunities to the industrial robotics market in this region. The industrial robotics market in APAC is expected to witness higher growth than the matured markets in Europe and North America due to low production costs, easy availability of economical labor, lenient emission & safety norms, and government initiatives for Foreign Direct Investments (FDIs). The ageing population in China and Japan has resulted in rising labor costs, leading to the growing adoption of automation. Increasing labor costs in APAC is also forcing manufacturers to automate to maintain their cost advantage. Therefore, strong growth for collaborative robots is expected in APAC.

Major vendors in the top robotics market include ABB (Switzerland), YASKAWA (Japan), FANUC (Japan), KUKA (Germany), Mitsubishi Electric (Japan), Kawasaki Heavy Industries (Japan), DENSO (Japan), NACHI-FUJIKOSHI (Japan), Seiko Epson (Japan), Dürr (Germany), Universal Robots (Denmark), Omron Adept (US), b+m Surface Systems (Germany), Stäubli (Switzerland), Comau (Italy), Yamaha (Japan), IGM (Austria), ST Robotics (US), Franka Emika (Germany), CMA Robotics (Italy), Intuitive Surgical (US), DJI (China), Daifuku (Japan), iRobot (US), DeLaval (Sweden), Kongsberg Maritime (Norway), Northrop Grumman (US), Neato Robotics (US), Swisslog Holding (Switzerland), Stryker (US), Lely (Netherlands), ECA GROUP (France), 3DR (US), SoftBank Robotics Group (Japan), PrecisionHawk (US), UBTECH Robotics (China), Parrot Drones SAS (France), CYBERDYNE (Japan), GE Inspection Robotics (Switzerland), Starship Technologies (US), ecoRobotix (Switzerland), HARVEST CROO (US), and GRAAL (Italy). Apart from these, Hyundai Robotics (South Korea) and Moley Robotics (UK) are among a few emerging companies in the top robotics market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Top Robotics Market expected to reach $176.8 billion by 2025

 

The report "Top Robotics Market with COVID-19 Impact Analysis by Top Industrial Robotics (Articulated, SCARA, Cartesian, Parallel, Collaborative), Top Service Robotics (Logistics, Domestic, Medical, Defense, Rescue, and Security) - Global Forecast to 2025", is projected to grow from USD 76.6 billion in 2020 to USD 176.8 billion by 2025; it is expected to grow at a CAGR of 18.2% during the forecast period. Owing to COVID-19, the top robotics market is estimated to have lower growth for 2019–2020 than expected. The key reason for this is that the market for industrial robots is expected to be severely impacted due to COVID-19 during Q3 and Q4 of 2020, which can be attributed to a slowdown in production in the large industries such as automotive and metals & machinery. Some service robots, such as drones and AGVs, are witnessing increased growth due to the need for no contact delivery. However, milking robots are expected to have a decline due to supply chain disruptions in agriculture.

- Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=552191

Browse 148 market data Tables and 133 Figures spread through 350 Pages and in-depth TOC on "Top Robotics Market with COVID-19 Impact Analysis by Top Industrial Robotics (Articulated, SCARA, Cartesian, Parallel, Collaborative), Top Service Robotics (Logistics, Domestic, Medical, Defense, Rescue, and Security) - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/top-robotic-market-552191.html

Market for personal & domestic service robots is projected to grow at a higher CAGR during the forecast period

Personal & domestic service robots are meant for household chores, educational purposes, entertainment, and assistance to the elderly, as well as people with special needs. Robots used for personal and domestic purposes include vacuuming robots, lawnmowers, pool cleaning robots, window cleaning robots, gutter cleaning robots, exoskeletons, toy robots, hobby systems, educational robots, and robots for assistance and elderly care. The market for personal and domestic robots is expected to grow at a higher CAGR during the forecast period. This can be attributed to initiatives such as offering robots on a rental basis. For instance, Pepper, a humanoid manufactured by SoftBank Robotics (Japan), is available on a subscription contract of USD 360 per month over a period of 36 months (excluding fixed and maintenance costs), distributing the total cost of USD 14,000. Robotic vacuums and lawn mowers have increased their value proposition due to innovative features and technology, making then more attractive and practical to buyers

Market for ground robots projected to grow at highest CAGR during the forecast period

Ground-based robots can be used on the surface of the earth without human presence in applications such as medical, logistics, and personal services. The ground environment constitutes of automated guided vehicles (AGVs), cleaning robots, agricultural robots, surgical robots, entertainment robots, inspection robots, humanoid robots, powered exoskeletons, telepresence robots, and others. Ground robots are used for applications such as surgeries, cleaning, and elderly care and communication through telepresence and assistance. With the increase in nuclear families and global population, the number of households has increased, generating more demand for vacuuming robots. According to the World Economic Forum 2018, “The world needs to build 2 billion new homes over the next 80 years.” Also, the increase in the aging population worldwide has increased the demand for assistive robots, particularly in countries such as China and Japan, and affordable prices are driving the market of vacuuming robots.

Automotive to dominate the industrial robotics market from 2020 to 2025

The automotive industry is one of the biggest users of industrial robots in the market. Automotive manufacturers strive for consistency and repeatability since any issue can stop the flow in a vehicle assembly line. Traditional industrial robots in the automotive industry are primarily used for productivity. For instance, Great Wall Motors (China) has installed 27 IRB 7600 robots from ABB (Switzerland) to facilitate handling and welding applications. It is considered to be among the most productive manufacturing lines in the industry. Collaborative robots, on the other hand, are deployed for working alongside factory workers. For instance, Nissan (Japan) installed UR10 robot from Universal Robots (Denmark) to loosen engine bolts and install engine block intake manifolds.

APAC to have highest share of top industrial robotics market and is also estimated to grow at the highest CAGR during forecast period

APAC is considered as a major manufacturing hub in the world and expected to provide ample growth opportunities to the industrial robotics market in this region. The industrial robotics market in APAC is expected to witness higher growth than the matured markets in Europe and North America due to low production costs, easy availability of economical labor, lenient emission & safety norms, and government initiatives for Foreign Direct Investments (FDIs). The ageing population in China and Japan has resulted in rising labor costs, leading to the growing adoption of automation. Increasing labor costs in APAC is also forcing manufacturers to automate to maintain their cost advantage. Therefore, strong growth for collaborative robots is expected in APAC.

Major vendors in the top robotics market include ABB (Switzerland), YASKAWA (Japan), FANUC (Japan), KUKA (Germany), Mitsubishi Electric (Japan), Kawasaki Heavy Industries (Japan), DENSO (Japan), NACHI-FUJIKOSHI (Japan), Seiko Epson (Japan), Dürr (Germany), Universal Robots (Denmark), Omron Adept (US), b+m Surface Systems (Germany), Stäubli (Switzerland), Comau (Italy), Yamaha (Japan), IGM (Austria), ST Robotics (US), Franka Emika (Germany), CMA Robotics (Italy), Intuitive Surgical (US), DJI (China), Daifuku (Japan), iRobot (US), DeLaval (Sweden), Kongsberg Maritime (Norway), Northrop Grumman (US), Neato Robotics (US), Swisslog Holding (Switzerland), Stryker (US), Lely (Netherlands), ECA GROUP (France), 3DR (US), SoftBank Robotics Group (Japan), PrecisionHawk (US), UBTECH Robotics (China), Parrot Drones SAS (France), CYBERDYNE (Japan), GE Inspection Robotics (Switzerland), Starship Technologies (US), ecoRobotix (Switzerland), HARVEST CROO (US), and GRAAL (Italy). Apart from these, Hyundai Robotics (South Korea) and Moley Robotics (UK) are among a few emerging companies in the top robotics market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Top Robotics Market expected to reach $176.8 billion by 2025

 

The report "Top Robotics Market with COVID-19 Impact Analysis by Top Industrial Robotics (Articulated, SCARA, Cartesian, Parallel, Collaborative), Top Service Robotics (Logistics, Domestic, Medical, Defense, Rescue, and Security) - Global Forecast to 2025", is projected to grow from USD 76.6 billion in 2020 to USD 176.8 billion by 2025; it is expected to grow at a CAGR of 18.2% during the forecast period. Owing to COVID-19, the top robotics market is estimated to have lower growth for 2019–2020 than expected. The key reason for this is that the market for industrial robots is expected to be severely impacted due to COVID-19 during Q3 and Q4 of 2020, which can be attributed to a slowdown in production in the large industries such as automotive and metals & machinery. Some service robots, such as drones and AGVs, are witnessing increased growth due to the need for no contact delivery. However, milking robots are expected to have a decline due to supply chain disruptions in agriculture.

• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=552191

Browse 148 market data Tables and 133 Figures spread through 350 Pages and in-depth TOC on "Top Robotics Market with COVID-19 Impact Analysis by Top Industrial Robotics (Articulated, SCARA, Cartesian, Parallel, Collaborative), Top Service Robotics (Logistics, Domestic, Medical, Defense, Rescue, and Security) - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/top-robotic-market-552191.html

Market for personal & domestic service robots is projected to grow at a higher CAGR during the forecast period

Personal & domestic service robots are meant for household chores, educational purposes, entertainment, and assistance to the elderly, as well as people with special needs. Robots used for personal and domestic purposes include vacuuming robots, lawnmowers, pool cleaning robots, window cleaning robots, gutter cleaning robots, exoskeletons, toy robots, hobby systems, educational robots, and robots for assistance and elderly care. The market for personal and domestic robots is expected to grow at a higher CAGR during the forecast period. This can be attributed to initiatives such as offering robots on a rental basis. For instance, Pepper, a humanoid manufactured by SoftBank Robotics (Japan), is available on a subscription contract of USD 360 per month over a period of 36 months (excluding fixed and maintenance costs), distributing the total cost of USD 14,000. Robotic vacuums and lawn mowers have increased their value proposition due to innovative features and technology, making then more attractive and practical to buyers

Market for ground robots projected to grow at highest CAGR during the forecast period

Ground-based robots can be used on the surface of the earth without human presence in applications such as medical, logistics, and personal services. The ground environment constitutes of automated guided vehicles (AGVs), cleaning robots, agricultural robots, surgical robots, entertainment robots, inspection robots, humanoid robots, powered exoskeletons, telepresence robots, and others. Ground robots are used for applications such as surgeries, cleaning, and elderly care and communication through telepresence and assistance. With the increase in nuclear families and global population, the number of households has increased, generating more demand for vacuuming robots. According to the World Economic Forum 2018, “The world needs to build 2 billion new homes over the next 80 years.” Also, the increase in the aging population worldwide has increased the demand for assistive robots, particularly in countries such as China and Japan, and affordable prices are driving the market of vacuuming robots.

Automotive to dominate the industrial robotics market from 2020 to 2025

The automotive industry is one of the biggest users of industrial robots in the market. Automotive manufacturers strive for consistency and repeatability since any issue can stop the flow in a vehicle assembly line. Traditional industrial robots in the automotive industry are primarily used for productivity. For instance, Great Wall Motors (China) has installed 27 IRB 7600 robots from ABB (Switzerland) to facilitate handling and welding applications. It is considered to be among the most productive manufacturing lines in the industry. Collaborative robots, on the other hand, are deployed for working alongside factory workers. For instance, Nissan (Japan) installed UR10 robot from Universal Robots (Denmark) to loosen engine bolts and install engine block intake manifolds.

APAC to have highest share of top industrial robotics market and is also estimated to grow at the highest CAGR during forecast period

APAC is considered as a major manufacturing hub in the world and expected to provide ample growth opportunities to the industrial robotics market in this region. The industrial robotics market in APAC is expected to witness higher growth than the matured markets in Europe and North America due to low production costs, easy availability of economical labor, lenient emission & safety norms, and government initiatives for Foreign Direct Investments (FDIs). The ageing population in China and Japan has resulted in rising labor costs, leading to the growing adoption of automation. Increasing labor costs in APAC is also forcing manufacturers to automate to maintain their cost advantage. Therefore, strong growth for collaborative robots is expected in APAC.

Major vendors in the top robotics market include ABB (Switzerland), YASKAWA (Japan), FANUC (Japan), KUKA (Germany), Mitsubishi Electric (Japan), Kawasaki Heavy Industries (Japan), DENSO (Japan), NACHI-FUJIKOSHI (Japan), Seiko Epson (Japan), Dürr (Germany), Universal Robots (Denmark), Omron Adept (US), b+m Surface Systems (Germany), Stäubli (Switzerland), Comau (Italy), Yamaha (Japan), IGM (Austria), ST Robotics (US), Franka Emika (Germany), CMA Robotics (Italy), Intuitive Surgical (US), DJI (China), Daifuku (Japan), iRobot (US), DeLaval (Sweden), Kongsberg Maritime (Norway), Northrop Grumman (US), Neato Robotics (US), Swisslog Holding (Switzerland), Stryker (US), Lely (Netherlands), ECA GROUP (France), 3DR (US), SoftBank Robotics Group (Japan), PrecisionHawk (US), UBTECH Robotics (China), Parrot Drones SAS (France), CYBERDYNE (Japan), GE Inspection Robotics (Switzerland), Starship Technologies (US), ecoRobotix (Switzerland), HARVEST CROO (US), and GRAAL (Italy). Apart from these, Hyundai Robotics (South Korea) and Moley Robotics (UK) are among a few emerging companies in the top robotics market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Top Robotics Market expecting highest growth $176.8 billion by 2025

 

The report "Top Robotics Market with COVID-19 Impact Analysis by Top Industrial Robotics (Articulated, SCARA, Cartesian, Parallel, Collaborative), Top Service Robotics (Logistics, Domestic, Medical, Defense, Rescue, and Security) - Global Forecast to 2025", is projected to grow from USD 76.6 billion in 2020 to USD 176.8 billion by 2025; it is expected to grow at a CAGR of 18.2% during the forecast period. Owing to COVID-19, the top robotics market is estimated to have lower growth for 2019–2020 than expected. The key reason for this is that the market for industrial robots is expected to be severely impacted due to COVID-19 during Q3 and Q4 of 2020, which can be attributed to a slowdown in production in the large industries such as automotive and metals & machinery. Some service robots, such as drones and AGVs, are witnessing increased growth due to the need for no contact delivery. However, milking robots are expected to have a decline due to supply chain disruptions in agriculture.

• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=552191

Browse 148 market data Tables and 133 Figures spread through 350 Pages and in-depth TOC on "Top Robotics Market with COVID-19 Impact Analysis by Top Industrial Robotics (Articulated, SCARA, Cartesian, Parallel, Collaborative), Top Service Robotics (Logistics, Domestic, Medical, Defense, Rescue, and Security) - Global Forecast to 2025"

Market for personal & domestic service robots is projected to grow at a higher CAGR during the forecast period

Personal & domestic service robots are meant for household chores, educational purposes, entertainment, and assistance to the elderly, as well as people with special needs. Robots used for personal and domestic purposes include vacuuming robots, lawnmowers, pool cleaning robots, window cleaning robots, gutter cleaning robots, exoskeletons, toy robots, hobby systems, educational robots, and robots for assistance and elderly care. The market for personal and domestic robots is expected to grow at a higher CAGR during the forecast period. This can be attributed to initiatives such as offering robots on a rental basis. For instance, Pepper, a humanoid manufactured by SoftBank Robotics (Japan), is available on a subscription contract of USD 360 per month over a period of 36 months (excluding fixed and maintenance costs), distributing the total cost of USD 14,000. Robotic vacuums and lawn mowers have increased their value proposition due to innovative features and technology, making then more attractive and practical to buyers

Market for ground robots projected to grow at highest CAGR during the forecast period

Ground-based robots can be used on the surface of the earth without human presence in applications such as medical, logistics, and personal services. The ground environment constitutes of automated guided vehicles (AGVs), cleaning robots, agricultural robots, surgical robots, entertainment robots, inspection robots, humanoid robots, powered exoskeletons, telepresence robots, and others. Ground robots are used for applications such as surgeries, cleaning, and elderly care and communication through telepresence and assistance. With the increase in nuclear families and global population, the number of households has increased, generating more demand for vacuuming robots. According to the World Economic Forum 2018, “The world needs to build 2 billion new homes over the next 80 years.” Also, the increase in the aging population worldwide has increased the demand for assistive robots, particularly in countries such as China and Japan, and affordable prices are driving the market of vacuuming robots.

Automotive to dominate the industrial robotics market from 2020 to 2025

The automotive industry is one of the biggest users of industrial robots in the market. Automotive manufacturers strive for consistency and repeatability since any issue can stop the flow in a vehicle assembly line. Traditional industrial robots in the automotive industry are primarily used for productivity. For instance, Great Wall Motors (China) has installed 27 IRB 7600 robots from ABB (Switzerland) to facilitate handling and welding applications. It is considered to be among the most productive manufacturing lines in the industry. Collaborative robots, on the other hand, are deployed for working alongside factory workers. For instance, Nissan (Japan) installed UR10 robot from Universal Robots (Denmark) to loosen engine bolts and install engine block intake manifolds.

APAC to have highest share of top industrial robotics market and is also estimated to grow at the highest CAGR during forecast period

APAC is considered as a major manufacturing hub in the world and expected to provide ample growth opportunities to the industrial robotics market in this region. The industrial robotics market in APAC is expected to witness higher growth than the matured markets in Europe and North America due to low production costs, easy availability of economical labor, lenient emission & safety norms, and government initiatives for Foreign Direct Investments (FDIs). The ageing population in China and Japan has resulted in rising labor costs, leading to the growing adoption of automation. Increasing labor costs in APAC is also forcing manufacturers to automate to maintain their cost advantage. Therefore, strong growth for collaborative robots is expected in APAC.

Major vendors in the top robotics market include ABB (Switzerland), YASKAWA (Japan), FANUC (Japan), KUKA (Germany), Mitsubishi Electric (Japan), Kawasaki Heavy Industries (Japan), DENSO (Japan), NACHI-FUJIKOSHI (Japan), Seiko Epson (Japan), Dürr (Germany), Universal Robots (Denmark), Omron Adept (US), b+m Surface Systems (Germany), Stäubli (Switzerland), Comau (Italy), Yamaha (Japan), IGM (Austria), ST Robotics (US), Franka Emika (Germany), CMA Robotics (Italy), Intuitive Surgical (US), DJI (China), Daifuku (Japan), iRobot (US), DeLaval (Sweden), Kongsberg Maritime (Norway), Northrop Grumman (US), Neato Robotics (US), Swisslog Holding (Switzerland), Stryker (US), Lely (Netherlands), ECA GROUP (France), 3DR (US), SoftBank Robotics Group (Japan), PrecisionHawk (US), UBTECH Robotics (China), Parrot Drones SAS (France), CYBERDYNE (Japan), GE Inspection Robotics (Switzerland), Starship Technologies (US), ecoRobotix (Switzerland), HARVEST CROO (US), and GRAAL (Italy). Apart from these, Hyundai Robotics (South Korea) and Moley Robotics (UK) are among a few emerging companies in the top robotics market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Top Robotics Market expected to reach $176.8 billion by 2025

 

The report "Top Robotics Market with COVID-19 Impact Analysis by Top Industrial Robotics (Articulated, SCARA, Cartesian, Parallel, Collaborative), Top Service Robotics (Logistics, Domestic, Medical, Defense, Rescue, and Security) - Global Forecast to 2025", is projected to grow from USD 76.6 billion in 2020 to USD 176.8 billion by 2025; it is expected to grow at a CAGR of 18.2% during the forecast period. Owing to COVID-19, the top robotics market is estimated to have lower growth for 2019–2020 than expected. The key reason for this is that the market for industrial robots is expected to be severely impacted due to COVID-19 during Q3 and Q4 of 2020, which can be attributed to a slowdown in production in the large industries such as automotive and metals & machinery. Some service robots, such as drones and AGVs, are witnessing increased growth due to the need for no contact delivery. However, milking robots are expected to have a decline due to supply chain disruptions in agriculture.

• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=552191

Browse 148 market data Tables and 133 Figures spread through 350 Pages and in-depth TOC on "Top Robotics Market with COVID-19 Impact Analysis by Top Industrial Robotics (Articulated, SCARA, Cartesian, Parallel, Collaborative), Top Service Robotics (Logistics, Domestic, Medical, Defense, Rescue, and Security) - Global Forecast to 2025"

Market for personal & domestic service robots is projected to grow at a higher CAGR during the forecast period

Personal & domestic service robots are meant for household chores, educational purposes, entertainment, and assistance to the elderly, as well as people with special needs. Robots used for personal and domestic purposes include vacuuming robots, lawnmowers, pool cleaning robots, window cleaning robots, gutter cleaning robots, exoskeletons, toy robots, hobby systems, educational robots, and robots for assistance and elderly care. The market for personal and domestic robots is expected to grow at a higher CAGR during the forecast period. This can be attributed to initiatives such as offering robots on a rental basis. For instance, Pepper, a humanoid manufactured by SoftBank Robotics (Japan), is available on a subscription contract of USD 360 per month over a period of 36 months (excluding fixed and maintenance costs), distributing the total cost of USD 14,000. Robotic vacuums and lawn mowers have increased their value proposition due to innovative features and technology, making then more attractive and practical to buyers

Market for ground robots projected to grow at highest CAGR during the forecast period

Ground-based robots can be used on the surface of the earth without human presence in applications such as medical, logistics, and personal services. The ground environment constitutes of automated guided vehicles (AGVs), cleaning robots, agricultural robots, surgical robots, entertainment robots, inspection robots, humanoid robots, powered exoskeletons, telepresence robots, and others. Ground robots are used for applications such as surgeries, cleaning, and elderly care and communication through telepresence and assistance. With the increase in nuclear families and global population, the number of households has increased, generating more demand for vacuuming robots. According to the World Economic Forum 2018, “The world needs to build 2 billion new homes over the next 80 years.” Also, the increase in the aging population worldwide has increased the demand for assistive robots, particularly in countries such as China and Japan, and affordable prices are driving the market of vacuuming robots.

Automotive to dominate the industrial robotics market from 2020 to 2025

The automotive industry is one of the biggest users of industrial robots in the market. Automotive manufacturers strive for consistency and repeatability since any issue can stop the flow in a vehicle assembly line. Traditional industrial robots in the automotive industry are primarily used for productivity. For instance, Great Wall Motors (China) has installed 27 IRB 7600 robots from ABB (Switzerland) to facilitate handling and welding applications. It is considered to be among the most productive manufacturing lines in the industry. Collaborative robots, on the other hand, are deployed for working alongside factory workers. For instance, Nissan (Japan) installed UR10 robot from Universal Robots (Denmark) to loosen engine bolts and install engine block intake manifolds.

APAC to have highest share of top industrial robotics market and is also estimated to grow at the highest CAGR during forecast period

APAC is considered as a major manufacturing hub in the world and expected to provide ample growth opportunities to the industrial robotics market in this region. The industrial robotics market in APAC is expected to witness higher growth than the matured markets in Europe and North America due to low production costs, easy availability of economical labor, lenient emission & safety norms, and government initiatives for Foreign Direct Investments (FDIs). The ageing population in China and Japan has resulted in rising labor costs, leading to the growing adoption of automation. Increasing labor costs in APAC is also forcing manufacturers to automate to maintain their cost advantage. Therefore, strong growth for collaborative robots is expected in APAC.

Major vendors in the top robotics market include ABB (Switzerland), YASKAWA (Japan), FANUC (Japan), KUKA (Germany), Mitsubishi Electric (Japan), Kawasaki Heavy Industries (Japan), DENSO (Japan), NACHI-FUJIKOSHI (Japan), Seiko Epson (Japan), Dürr (Germany), Universal Robots (Denmark), Omron Adept (US), b+m Surface Systems (Germany), Stäubli (Switzerland), Comau (Italy), Yamaha (Japan), IGM (Austria), ST Robotics (US), Franka Emika (Germany), CMA Robotics (Italy), Intuitive Surgical (US), DJI (China), Daifuku (Japan), iRobot (US), DeLaval (Sweden), Kongsberg Maritime (Norway), Northrop Grumman (US), Neato Robotics (US), Swisslog Holding (Switzerland), Stryker (US), Lely (Netherlands), ECA GROUP (France), 3DR (US), SoftBank Robotics Group (Japan), PrecisionHawk (US), UBTECH Robotics (China), Parrot Drones SAS (France), CYBERDYNE (Japan), GE Inspection Robotics (Switzerland), Starship Technologies (US), ecoRobotix (Switzerland), HARVEST CROO (US), and GRAAL (Italy). Apart from these, Hyundai Robotics (South Korea) and Moley Robotics (UK) are among a few emerging companies in the top robotics market.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Top Robotics Market worth 98.91 Billion USD by 2023

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.

• Download Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=552191

Browse 75 market data Tables and 65 Figures spread through 193 Pages and in-depth TOC on "Top Robotics Market"

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.

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.

About MarketsandMarkets™        
                                   
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Top Robotics Market worth 98.91 Billion USD by 2023

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.

• Download Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownload.asp?id=552191

Browse 75 market data Tables and 65 Figures spread through 193 Pages and in-depth TOC on "Top Robotics Market - Global Forecast to 2023"

https://www.marketsandmarkets.com/Market-Reports/top-robotic-market-552191.html

Early buyers will receive 10% customization on reports.

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.

About MarketsandMarkets™

 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™ INC.
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