Market Snapshot:
Robotics is the study of robots. The field of robotics generally involves looking at how any physical constructed technology system can perform a task or play a role in any interface or new technology. According to the International Federation of Robotics (IFR), the automotive segment remains the world’s largest robotics market with a record 21 Percent growth in 2017. The IFR disclosed at Automatica 2018 that 125,200 units were sold in the segment last year. Moreover, according to the International Federation of Robotics (IFR), approximately 31 million robots will be helping households across the globe by 2019.
Highlights from Robotics Market Study
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key Players profiled in the report are FANUC (Japan), ABB (Switzerland), Yaskawa (Japan), KUKA (Germany), OTC Daihen Inc. (United States), Panasonic (Japan), Kawasaki Robotics Inc. (Japan), Nachi (Japan), Seiko Epson (Japan), Mitsubishi Electric Corporation (Japan), Denso Robotics (United States), Yamaha Robots (Japan), Toshiba (Japan), iRobot (United States), Neato Robotics (United States), Metapo Inc. (United States) and Samsung (South Korea). Additionally, other players that are part of this comprehensive study are Ecovacs (China) and Proscenic (China).
Geographic Breakdown and Segment Analysis
The Global Robotics market presents a comprehensive analysis of the Robotics market by product type (Mobile Robotics, Exoskeleton and Static Robotics), by end-user/application (Manufacturing Automation, Logistics and Supply Chain Management, Inspection and Maintenance, Search and Rescue, Household Chores and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Robotics industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Robotics market
Analyst at AMA have segmented the market study of Global Robotics market by Type, Application and Region.
Influencing Trend:
Adoption of Collaborative Robots (Cobots) for Making Automation Easier in Manufacturing Environment
Market Growth Drivers:
Surging Demand for Smart Factories and Automation, Increasing Popularity of Artificial Intelligence (AI) and Surging Adoption of State-of-the-Art Production Facility in Developed Economies
Challenges:
Lack of Advanced Robotic Systems that Meet Requirements in the Era of Industrial IoT Technology
Restraints:
High Installation Cost for Low-Volume Production Applications
Opportunities:
Increase in Demand for Low-Cost Industrial Robots Capable of Working in Collaboration with Humans and Rapidly Evolving Technology in Sensing and Visualization Equipment
In June 2024, ABB launched next-generation robotics control platform, OmniCore for more faster, precise and autonomous automation. OmniCore platform will enable full integration of AI, sensors and cloud computing systems to create more advanced robotics application.
The companies are exploring the market by adopting expansions, investments, new solution launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations.
Key Target Audience
Original equipment manufacturers (OEMs), OEM technology solution providers, Research institutes, Software Providers, End Users and Others