Global Advanced Robotics Market Overview:
Advanced robotics is a framework that is used to transform industrial operations. Advanced robots have a superior perception, flexibility, and portability. These enhancements permit quicker arrangement, appointing, and reconfiguration, just as more effective and stable activities. Producers are presently conveying advanced robotics as a fundamental component of cutting-edge mechanization that empowers oneself controlled industrial facility of things to come. Improving plant constructions and cycles with advanced robotics can expand usefulness and adaptability in both the processing plant and the store network, empowering producers to quickly acclimate to changing client needs. Currently, with an increase in complexity of manufacturing processes, advanced robotics are making an impact on manufacturing by increasing frequency to help streamline and simplify initiatives.
Growth Drivers
- Increase in adoption for automation in several industrialized sectors
- Increase in demand for digitalization to improve the operation and efficiency of work
Roadblocks
- High cost of the adoption of advanced robotics
- Lack of skilled and professional personnel
Opportunities
- Development of technology that fulfills the customer demand
- Government initiatives to promote advanced robotics in emerging countries
Challenges
- High cost of maintenance and managing the advanced robotics
- Development of technology infrastructure in emerging nations
Competitive Landscape:
The Advanced Robotics market is moderately competitive, with an impressive number of leading player’s available internationally. The market players are focusing on extending their client base across outside nations. The organizations are utilizing vital community-oriented drives to expand the portion of the overall industry and productivity.
Some of the key players profiled in the report are Rethink Robotics (Germany), CMA Robotics (Italy), ST Robotics (United Kingdom), CANVAS Technology (United State), Diligent Robotics (United States), Boston Dynamics (United States), Bluefin Robotics (United States), Left Hand Robotics (United States), Righthand Robotics (United States) and Harvest Automation (United States). Additionally, following companies can also be profiled that are part of our coverage like Techman Robots (Taiwan), Universal Robots (Denmark), Anduril (United States) and Nuro (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Advanced Robotics market by 2026. Considering Market by By Industrial Verticals, the sub-segment i.e. Electronics will boost the Advanced Robotics market.
Latest Market Insights:
On 11 April 2019, Amazon has acquired Boulder, Colo.-based warehouse robotics startup Canvas Technology. The deal makes a lot of sense from the outside, adding another important piece to Amazon Robotics’ growing portfolio of fulfillment center machines. The acquisition helps to improve safety and the workplace experience.
On 30 March 2021, ST Robotics introduces the ST R18 Delta Robot System, the latest addition to its range of low-cost industrial robots. At a cost, substantially lower than other major manufacturers, the ST R18 Delta industrial robot turnkey system is based on the Igus drylin delta robot but powered by ST's K11R robot controller resulting in much higher speeds with the ability to complete a standard 12-inch cycle in only 500 milliseconds. ST's RoboForth software is easy to program and integrates robot motion.
What Can be Explored with the Advanced Robotics Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Advanced Robotics Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Advanced Robotics
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Advanced Robotics market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Advanced Robotics market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Industrial Associations, Government Regulatory Bodies, Robotics Supplier Vendors, Technology Research Companies, IT Firms and Raw Material Suppliers.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.