Robotics Market Size, Emerging Technologies, Gross Margin Analysis, Opportunities, Growth Factors, Sales Revenue, Competitive Landscape, Industry Expansion Strategies and Trends by Forecast 2023

“Market Research Future”
Market Research Future published a research report on “Robotics Market Research Report – Global Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Highlights:

The global robotics market is expected to grow significantly during the forecast period owing to increased industrial automation adoption, reduction in the cost of labor, and growing demand for the consumer goods for precise and scalable products. The market is segmented on the basis of the type of robot, mobility, and consumers. The segmentation covers a different type of robots used in the different industrial application as well as commercial applications. The robots are also classified on the basis of its ability of movement. The Robotics Market also covers the consumers; medical, entertainment, field, logistics, defense, public safety, manufacturing, and many others. On the basis of region, Europe leads the market by a huge margin due to the presence of leading automotive, aerospace, and other manufacturing industries. Robotics is a combination of engineering and technology, which generally includes mechanical engineering, electronics & electrical engineering, computer science, and other engineering domains.

Key Players:

Some of the key players and vendors in the global helpdesk automation market: ABB Ltd. (Switzerland), KUKA AG (Netherlands), Mitsubishi Electric Corp (Japan), Nachi- Fujikoshi Corp (Japan), Fanuc Corp (Japan), Kawasaki Heavy Industries (Japan), Yaskawa Electric Corp. (Japan), Northrop Grumman Corporation (U.S.), IRobot Corporation (U.S.), DJI (China), Intuitive Surgical, Inc. (U.S.), Parrot SA  (France), Honda Motor Co.Ltd  (Japan), Adept Technology, Inc. (U.S.), and Aethon Inc. (U.S.).

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Regional Analysis:

The regional analysis of robotics market covers North America, Europe, Asia Pacific, and rest of the world. Europe is the current frontrunner in the adoption of automation and usage of robots for industrial applications. Increased adoption of automation by traditional manufacturing groups as well as small and medium-sized enterprises. The countries in the European Union tend to be more advanced towards the industrial automation and expect a significant growth in the sale and implementation of robots.

Asia Pacific is expected to witness the fastest growth during the forecast period. The region includes emerging countries like China, Japan, South Korea, Taiwan, Australia, and India, which are on the path of technological and industrial development. Also, Asia Pacific holds world’s largest semiconductor and consumer electronics industry, receiving the continuous demand for precise and quality product. China leads the segment of consumer electronics, followed by South Korea and Japan, which shows a huge adoption of robotics as the primary assembly application. Another major factor that increases the growth of robotics is the implementation of manufacturing units in countries like India and China.

North America is, however, growing at a steady pace in the robotics market. North America includes countries like the U.S and Canada, which are technologically advanced and holds many manufacturing plants. However, due to the expensive labor, companies are shifting their primary manufacturing plants to Asia, Latin America, and the Middle East, where the labor is cheaper. 

Segments:

The global robotics market has been segmented on the basis of robot type, mobility, consumer, and region. On the basis of the type of robots, it is segmented into SCARA, Cartesian, articulated, cylindrical, and parallel. Among these, the Cartesian is the basic robot with 3 axis movement, which is placed perpendicular to each other. These robots are used for the precise cutting operations. The SCARA (Selective Compliance Assembly Robot Arm) robot is used in most of the industrial verticals such as aerospace, medical, automotive, and many others. These robots possess a rotational arm and different joints, which helps it to perform the circular and linear motion. These robots can lift heavy objects with help of motors, and the arm, which makes them suitable to perform in the automobile assembly line. Also, parallel robots seem to have a decent growth during the forecasted period as they possess an application in 3D printing.

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Intended Audience:

  • Storage providers
  • Network providers
  • Semiconductor device manufacturers
  • Research Firms
  • Software investors
  • Software Developers
  • Robot manufacturers
  • Medical institutions
  • Software Testers
  • IT enablers
  • Auto parts manufacturers
  • Engine manufacturers providers
  • Telecommunication companies
  • Government service providers

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