Global Robotics Market is projected to reach USD 214.60 billion by 2030, at a CAGR of 22.80% during the forecast period 2022-2030.

The size of the robotics market was estimated at 41.5 billion USD in 2021. A compound annual growth rate (CAGR) of 22.80% is expected for the robotics market industry over the projection period (2022 – 2030), rising from USD 50.96 billion in 2022 to USD 214.60 billion by 2030. The main factors boosting market growth are an increase in automation demand and an increase in small- and medium-sized business usage.

Key Companies in the robotics market include

• 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),

Get a Free Sample Copy@

https://www.marketresearchfuture.com/sample_request/4732

One of the key factors driving the expansion of the robotics business is the rising number of investments and funding in the technology sector. The International Federation of Robotics’ World Robotics report claims that investments in new vehicle production technologies and the modernization of industrial areas have raised demand for robots.

Additionally, a result of the surge in demand for industrial robots, the global market is growing. For instance, in 2020, BMW AG and KUKA signed a contract to deploy more than 5,000 robots to new plants and production lines around the world. These industrial robots, according to KUKA, will be employed globally at the BMW Group’s foreign manufacturing plants to create both present-day and upcoming vehicle models. Innovators and developers of robotics go to these shows to ask investors and business leaders for funding for R&D. In order to develop cutting-edge technologies that would support the effective operation and commercialization of shelf-scanning robots, for instance, Bossa Nova Robotics, a manufacturer of shelf-scanning robots, has received roughly $40 million from investors. In addition, the market is rapidly growing, therefore a lot of new start-ups.

Similar strategies are also being used by other inventors. During the predicted term, such measures are expected to improve the robotics market. The market’s rate of product innovation is further sped up by the increase in surgical procedures assisted by medical robot systems. The Da Vinci Xi Surgical Robot, one of India’s most cutting-edge pieces of equipment, was unveiled at Max Super Speciality Hospital, Mohali, in August 2022. The groundbreaking Da Vinci Xi Surgical Robot’s release is just one more patient-focused action taken by healthcare providers to ensure that patients have access to high-quality medical care, which has recently increased the CAGR of the robotics market globally. IFR 2022 found that the majority of consumer robots were domestic work robots. Sales of roughly 19 million copies (+12%) have recently taken place.

Vacuuming and other types of interior home floor cleaning are currently the most popular usage for robots. Customers can access it because it is present at every convenience store. These developments might help future market growth even more. Another factor boosting the development of the robotics market revenue is the debut of ANSCER Robotics’ line of autonomous mobile robots (AMRs) at the India Warehousing Show (IWS), which was held at Pragati Maidan in New Delhi in January 2022. ANSCER Robotics is a Bengaluru-based start-up that created the first autonomous mobile robot (AMR) “brain” to democratise robotics technology for everyone.

Buy Premium Research Report Now:

https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=4732

Robotics Market Segmentation

Based on type, the robotics market is divided into SCARA, cartesian, articulated, cylindrical, parallel, and other segments. Because circular motion is more favourable than other motions, articulated joint robots owned the majority of the revenue share of the robotics market in 2021.

Fixed robots and mobile robots are both included in the mobility-based segmentation of the robotics market. During the projection period of 2022–2030, the sector of mobile robots is expected to grow at the fastest rate. This category dominated the market in 2021. Mobile robots are automated machines with locomotional capabilities.

The end-user segmentation of the robotics market data includes manufacturing, logistics, defence, medical, entertainment, field, and other segments. Manufacturing was the market’s largest category in 2021 and is anticipated to grow at the fastest rate from 2022 to 2030.

Robots are used in manufacturing to complete repetitive tasks, which streamlines the assembly process as a whole.

The report breaks down the markets by region, covering North America, Europe, Asia-Pacific, and the rest of the world. In 2021, the Asia-Pacific market had a value of USD 18.22 billion, and throughout the study period, it is anticipated to rise at a high CAGR. As a result of the extensive use of robotics, the Asia-Pacific region is anticipated to have a significant market share. Furthermore, South Korea and China are leaders in the use of robots due to the widespread deployment of the electronic and automobile production industries.

Check Discount @

https://www.marketresearchfuture.com/check-discount/-4732

Related Reports:

Vertical Farming Market Research Report – Forecast till 2030     

Enterprise Governance, Risk and Compliance Market Research Report- Forecast to 2030

Global Intelligent Platform Management Interface Market Research Report- Forecast 2023

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Tags: Robotics market See Campaign: https://www.marketresearchfuture.com/reports/robotics-market-4732

Contact Information:

Contact us: Market Research Future®, 99 Hudson Street, 5Th Floor, New York, New York 10013, United States of America Phone: +1 628 258 0071(US) +44 2035 002 764(UK) Email: sales@marketresearchfuture.com

Tags:
Wire, Research Newswire, English