A fully programmed machine that is intended to perform a specific task to ease the human efforts termed as robot. Robotics play a crucial role in commercial applications, with many core operations being managed by robots.
The global commercial robotics market was 6.54 billion USD in 2018 and will reach 21.03 billion USD by 2025 with a CAGR of 18.16% during the period.
Growth by Region:
The market will be dominated by North America in near future due to adoption of commercial robotic systems. Europe will be major contributor to the market due to presence of strong industrial and healthcare sectors. The increasing government interest in the healthcare sector in countries such as China, India, Thailand, Indonesia, Singapore, and Malaysia is likely to drive the market in Asia Pacific region.
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Drivers vs Constraints:
The requirement of commercial robotics in healthcare sector will drive the growth of the market. Application of surveillance and monitoring in defense sector drives the growth of the market. Growing demand for drones for agriculture purpose, or to gauge the atmospheric changes on land are also one of the key drivers of the market.
Industry Trends and Updates:
Intuitive Surgical had won an approval for an additional 12 procedures in Japan using its da Vinci robot-assisted surgery devices for colorectal, gynecological and thoracic surgeries, gastrectomies, bladder cystectomies, esophagectomies, and mitral valvuloplasty
Global Commercial Robotics Market – by Type, Application, Region – Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2018 – 2025)
1. Research Methodology
2. Executive Summary
3. Market Overview
3.2. Industry Value Chain Analysis
3.3. Porter’s 5 Forces
4. Market Dynamics
7. Global Commercial Robotics Market Segmentation, Forecasts and Trends – by Region
7.1. North America
7.3. Asia Pacific
7.4. South America
7.5. Middle East and Africa
7.5.1. South Africa
7.5.3. Saudi Arabia
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