The global Robotics Market share was valued at approximately USD 22.87 Billion in the base year of 2021. In 2027, the global Robotics Market size is likely to attain a value of around USD 41.63 Billion. The progress of the market throughout the projected years between 2022-2027 will be increasing at a CAGR of 11%.
The robotics market is being driven by an increase in the need for automation and safety in companies paired with the availability of inexpensive, energy-efficient robots. The introduction of this technology has provided convenience, higher productivity, decreased human errors, improved quality, and process automation to producers and service providers worldwide.
Asia Pacific region has a significant share in the global Robotics Market.
August 8, 2022- FANUC America, based in Rochester Hills, the global supplier of CNCs, factory automation and robotics products, recently stated that it had expanded its operations in Oakland County.
Robotics is a field of computer science and engineering which is multidisciplinary. In this area science, engineering, and technology is combined to produce machines or gadgets called robots that perform human activities. It is the design and operation of gadgets and machines that are able to function and perform physical chores autonomously or partially independently. It can perform tasks that are both too repetitive or too dangerous for a person to securely complete.
By Application, the global Robotics Market Analysis is classified into robots like Industrial, Commercial, Domestic, Military, Social & Entertainment.
On the basis of regional categorisation, the global Robotics Market Research can be divided into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.
The Asia Pacific has the greatest robot intensity, calculated by the total of manufacturing robots per 10,000 manual workers. Countries like Singapore and Korea, followed by Japan, lead the robot density. Asia is also a worldwide leader in industrial robot usage, with Japan and Korea having the highest robot production.
According to the Robotics market trends, robotic technology is being extensively used in Asia's oil and gas industry due to advancements in automated capabilities and solutions offering integrity and safety of facilities and employees. Technologies like Submerged vehicles and drones enable maintenance and repairs, remote inspection, and specialised robots are employed to achieve complex installations in challenging conditions boosting the global Robotics Market Outlook.
Robotics is a division of artificial intelligence (AI) that conducts studies of two or more subjects or areas of knowledge, such as the formation, management, strategy, and production of robots. It encompasses diverse disciplines of electrical and technical engineering and computer science. Robots represent the multidimensional, automated, and re-programmable industrial machines, that may be fixed with a range of high-ranking technical gadgets, comprising graphical, tangible, and audio measuring device. The development of this expertise has enabled manufacturers and service suppliers globally with ease, heightened productivity levels, lowered human faults, improved excellence, and mechanisation of processes.
Robotics is employed in the industrial sector to carry out tasks like loading and unloading machine parts, arc welding etc., which can diminish the need for human labour and result in accurate performance, efficiency, and increased safety.
As robotics can lead to more consistent and accurate results, it can be used for spot welding in the automotive sector, furthering the global Robotics Market Growth.
It can be employed for integrating parts in production sub-systems leading to a more efficient production rate and identifying defects efficiently, contributing to the global Robotics Market Development.
In the healthcare segment, robots can be used for disinfection, medication delivery, enhancing efficiency in the sector and boosting market proliferation.
Other end-user industries, like agriculture, construction etc., are also gradually employing the product, thus propelling the global Robotics Market opportunity.
The market is researched across regions including North America, Latin America, Europe, Asia Pacific, Middle East and Africa.
Fanuc Corporation - FANUC America Corporation, based in Rochester Hills, MI, is a major supplier of CNC systems, robots, and factory automation. It employs more than 1500 workers handling engineering, IT, product development, customer service, sales & marketing and training, operations, human resources, finance, logistics, operations, and manufacturing.
Yaskawa Electric Corporation - The company is a leading business focused on transformation, concentrating on their philosophy of contributions to society's evolution and the welfare of humanity through its business performance.
ABB Ltd. - ABB is a worldwide leader in technology that aids the evolution of society and industry to attain a sustainable and productive future. ABB advances its performance by combining electrification, robotics, automation, and motion in its software. It employs around 105,000 people in more than 100 countries.
Kawasaki Heavy Industries, Ltd - The company based in Japan is a multinational corporation that manufactures engines, motorcycles, aerospace, heavy equipment, ships etc., established in Tokyo, Kobe, Chuo, and Minato, Japan. It also produces industrial products like robots, boilers, and turbines.
Nachi-Fujikoshi Group - Nachi-Fujikoshi Corp. is a Japanese company that manufactures machine components, industrial robots, machining tools and systems.
1. Executive Summary
2. Global Robotics Market Snapshot
2.1. Robotics Market Outlook
2.2. Robotics Industry Analysis by Application
2.2.1. Industrial Robots
2.2.2. Commercial Robots
2.2.3. Domestic Robots
2.2.4. Military Robots
2.2.5. Social & Entertainment Robots
2.3. Regional Overview
2.3.1. North America
2.3.3. Asia Pacific
2.3.4. Latin America
3. Impact of Recent Events
4. Robotics Value Chain Analysis
5. Robotics Production Process
6. Trade Analysis
7. Major Risk Factors in Sourcing
8. Robotics Cost Structure
9. Robotics Price Analysis
10. Key Demand Indicator Analysis
11. Key Price Indicator Analysis
12. Robotics Market Dynamics
12.1. Drivers & Constraints
12.2. Industry Events
12.3. Innovations & Trends
12.4. SWOT Analysis
12.5. Porter’s Five Forces
12.5.1. Buyer Power
12.5.2. Supplier Power
12.5.3. Threat of New entrants
12.5.4. Threat of Substitutes
12.5.5. Industry Rivalry
13. Industry Best Practices
13.1. Sourcing Strategy
13.2. Procurement Model
13.3. Contract Structure
13.4. Negotiation Levers
13.5. Pricing Model
13.6. Key Factors Influencing the Quotation
14. Key Supplier Analysis
14.1. Fanuc Corporation
14.2. Yaskawa Electric Corporation
14.3. ABB Ltd.
14.4. Kawasaki Heavy Industries, Ltd
14.5. Nachi-Fujikoshi Group
In 2021, the market attained a value of USD 22.87 Billion.
By 2027, the global Robotics Market Price will be around USD 41.63 Billion.
The household segment is majorly contributing to the global Robotics Market Demand.
FANUC Corporation, ABB Ltd, Denso Corporation, Toshiba Infrastructure Systems and Solutions Corporation, Mitsubishi Electric Corporation, and Yaskawa Electric Corporation are contributing to the market expansion.
The global Robotics Market is advancing at a CAGR of approximately 11%.
The global Robotics Market attained a value of USD 22.87 billion in 2021, driven by the rapid adoption of robot technology in various sectors. Due to rising labour and energy expenses, technology is witnessing further demand. Its features like Dealing with increasing labour costs, an ageing workforce, and a growing emphasis on efficiency and quality will increase demand for robots in the manufacturing industry. Aided by the ever-increasing technological advancements, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 11%. The market is estimated to reach USD 41.63 billion by 2027.
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