Robotics Market Global Industry Trend, Share, Sales Revenue, Growth Rate and Opportunity Assessment till 2027

Global Robotics Market to witness a disruption driven by covid 19

The global robotics market is predicted to register a CAGR of over 25.2% to reach USD 215.21 billion by the end of 2027.

The robotics industry is witnessing rapid growth, fuelled by the increased adoption in the industrial sector. Many enterprises are predicted to adopt robots owing to trends in automation and innovative technological advancements. The development of robots with voice and language recognition, quick communication, learning capabilities, mobility, portability, and dexterity will further enhance the market size. The adoption of industrial robots is likely to increase sort and fill prescriptions, pick-and-pack warehouse orders, and sort, inspect, process, and handle fruits and vegetables.

High need for Robotics in volatile climatic conditions, standardization of Robotics goods and high investment in defense sectors to ensure national security are the main drivers for the growth of Robotics units worldwide. In most developing economies, however, budget constraints and lack of awareness act as major limiting factors for the development of the Robotics market. The Robotics market is characterized by rapid change, wide range of technologies, and demand for standardized products that provide both opportunities and threats to vendors by stepping up the competition. Most of the major vendors on the market are following the new product launch / product enhancement strategy followed by acquisition to lead in the Robotics market.

Robotics Market Competitive Landscape:

Universal Robots A/S (Denmark), Kawasaki Heavy Industries Ltd. (China), BOSTON DYNAMICS (US), iROBOT Corporation (US), Nachi-Fujikoshi Corp (Japan), Honda Motor Co. Ltd (Japan), Mitsubishi Electric Corporation (Japan), ABB Limited (Switzerland), Sony Corporation (Japan), Northrop Grumman Corporation(US), Kuka AG (Germany), Omron Corporation(Japan), FANUC CORPORATION(Japan), Yaskawa Electric Corporation(Japan), Denso Corporation (Japan)

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Regional Assessment

The global business regional analysis was conducted in four major regions including Asia Pacific , North America, Europe and the rest of the world. The European region will dominate the market for Robotics due to Growing demand for natural gas for generating power and heating spaces. The region needs better transport facilities for gas as the current physical pipelines have become outdated and require high maintenance and upgrade costs. Asia-Pacific is the fastest growing region, since the region’s developing nations are the net importers of natural gas. China itself was the largest consumer of natural gas in 2017, with industrialization and urbanization projects expected to increase consumption. The region’s emerging markets, such as Indonesia and Pakistan, are also experiencing high demand for natural gas, which brings opportunities for Robotics in Asia Pacific.

Competitive Analysis

The inventions being discovered or attempted in the market are also considered to provide further opportunities for growth in the coming period. The effect of global currencies is expected to have a significant effect on market growth. The upsurge in exports is expected to create constructive situation for expansion in the coming period. The bearing of global trade policies by various administrations is expected to further enhance the market expansion potential in the forecast period. The inclusion of certain elements of functionality in production facilities is likely to create better supply potential for the overall market. The streamlining of the distribution channels is expected to create better supply chains and lead to a more positive effect on the global market. The momentum of change in the market is predicted to create new opportunities for growth in the forecast period

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Market Segmentation

Global Robotics Market, by Type

SCARA

Cartesian

Articulated

Cylindrical

Parallel

Others

Global Robotics Market, by Mobility

Fixed Robots

Mobile Robots

Global Robotics Market, by End User

Medical

Entertainment

Logistics

Field

Defense

Public Safety

Manufacturing

Others

Covid 19 Analysis

Due to a rise in phishing activities, COVID-19 has substantially increased the adoption of cloud infrastructure and services. In addition, COVID-19 has significantly increased the security budget, which has resulted in a large increase in cloud infrastructure and services. According to the findings of a study conducted by Microsoft and published in August 2020, 36% of the total 800 respondents said that the budget for cybersecurity had risen as a consequence of the pandemic outbreak. Additionally, 42 percent of those who answered the survey said that the company altered its personnel by adding more security experts.

Drivers and Restraints

The Robotics market is driven by numerous factors such as increasing construction FDI in the Asia Pacific region, and policy reforms and policies that support them. Governments across all regions are observed, their construction sector supported, and created. The emerging economies are the ones that put in various reforms and regulations in particular to fuel their infrastructure growth and the real estate market. Such expansion is slated to increase scaffolding’s market growth. The Robotics market has constraints such as fluctuating prices of raw materials and slower economic growth, which hinder market development.

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Table of contents:

1 EXECUTIVE SUMMARY

1.1 GLOBAL ROBOTICS MARKET, BY COMPONENT

1.2 GLOBAL ROBOTICS MARKET, BY ORGANIZATION SIZE

1.3 GLOBAL ROBOTICS MARKET, BY DEPLOYMENT

1.4 GLOBAL ROBOTICS MARKET, BY END-USERS

1.5 GLOBAL ROBOTICS MARKET, BY REGION

2 MARKET INTRODUCTIONS

2.1 DEFINITION

2.2 SCOPE OF THE STUDY

2.3 RESEARCH OBJECTIVE

2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS

3.2 PRIMARY RESEARCH

3.3 SECONDARY RESEARCH

3.4 MARKET SIZE ESTIMATION

3.5 FORECAST MODEL

3.6 LIST OF ASSUMPTIONS

4 MARKET DYNAMICS

Continued…

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