Global Robotics Market Industrial and Service Robotics and Volume Forecast to 2022 [Report Updated: 26102017] Prices from USD $1890
The demand for robotics is anticipated to grow exponentially during the forecasting period driven by advantages such as cost reduction, improved quality, increased production, and improved workplace health and safety. The adoption of robots across a wide range of industries including manufacturing, healthcare, defense and security, automotive, electronics, and food and beverage has accelerated the growth of the market. Robots deliver better quality products and services more efficiently, with less wastage and without causing physical damage to humans due to their autonomous nature. They help to reduce operating costs, while increasing production output. The increasing use of robotics will boost the growth of the market in the coming future.
Industrial Robotics Market Overview
The global industrial robotics market is expected to reach US$ XX Billion by 2022, growing at a double digit CAGR between 2017 and 2022. The demand for industrial robotics is anticipated to grow exponentially during the forecasting period driven by advantages such as cost reduction, improved quality, increased production, and improved workplace health and safety. The adoption of automation to ensure quality production and meet market demand, and the growing demand from small and mediumscale enterprises in developing countries is fueling the growth of industrial robotics market globally.
Industrial Robotics Market Segment Analysis
On the basis of segment, the automotive industry accounted for highest share of the industrial robotics market. The electrical and electronics segment is the second largest market for industrial robotics capturing XX% share in 2016. The market for industrial robotics in the electrical and electronics industry is expected to grow at double digit CAGR between 2017 and 2022 owing to the introduction of new electronic products into the market, the miniaturization of electrical and electronics equipment, and complexity in manufacturing processes. The metal industry is the third largest market for industrial robotics. Chemical, rubber and plastics industry is the fourth largest market for industrial robotics market, while food industry accounted for over XX% share of the global industrial robotics market.
Industrial Robotics Market Regional Analysis
In terms of region, the five major markets including China, South Korea, Japan, United States, and Germany accounts for around 74% of the total robotics sales volume in 2016. Asia/Australia is the world's largest market for industrial robots, driven by growing demand for industrial robots from small and mediumscale enterprises in China, Japan, South Korea, and India. Europe is the second leading region for industrial robotics market. Americas is the third largest market for industrial robots.
Note: The market value figures cited in this report for industrial robotics generally do not include the cost of software, peripherals and systems engineering. Including the mentioned costs might result in the actual robot systems' market value to be about three times as high.
Service Robotics Market Overview
The global service robotics market was valued over USD 7 Billion in 2016. Service robots have witnessed widespread acceptance among various professional and personal applications owing to benefits such as enhanced usability, delivery of accurate and highquality services, reliability, and reduced operational costs and human errors. Professional service robots are employed in various industries including medical, defense, rescue and security, agriculture, logistics, construction, and professional cleaning among others, whereas personal service robots are used for domestic and entertainment and leisure purpose.
The global service robotics market is expected to almost triple by 2022 from the 2016 level, driven by an upsurge in its adoption owing to high labor cost, lack of skilled workforce, increasing research and development investments, growing awareness regarding the benefits of service robots, and increased demand for automation among professional and personal sectors. However, high initial investment and concern for human safety restricts the growth of the market.
Service Robotics Market Segment Analysis
In 2016, medical application was the major industry vertical, in terms of market share, followed by logistic applications with XX% share in the same year. The use of service robots in logistic industry is anticipated to show substantial growth. The implementation of robotics in agriculture is expected to bring out transformational result in coming years.
In volume terms, the logistic robots accounted for maximum share of the overall professional service robotics volume in 2016. The defense segment accounted for second largest share of the professional service robotics volume with XX% share in 2016, followed by Public Relations Robots with XX% volume share in the same year. The medical robots accounted for single digit share of the professional service robotics volume in 2016, due to expensive nature of these devices.
This is the 2nd edition report on Robotics Market by iGATE RESEARCH. The report titled Global Robotics Market Industrial and Service Robotics and Volume Forecast to 2022 provides a comprehensive assessment of the fastevolving, highgrowth Global Robotics Industry.
This 208 Page report with 123 Figures and 18 Tables has been analyzed from 9 viewpoints:
1. Global Robotics Market and Volume Forecast 2009 2022
2. Global Industrial Robotics Market and Volume Forecast 2009 2022
3. Global Industrial Robotics Market and Volume Forecast By Segment 2009 2022
4. Industrial Robotics Volume and Forecast Region and Country Wise Distribution 2010 2022
5. Global Service Robotics Market and Volume Forecast 2009 2022
6. Global Professional Service Robotics Market and Volume Forecast By Segment 2009 2022
7. Global Personal and Domestic Service Robotics Market and Volume Forecast By Segment 2009 2022
8. Key Player Sales and SWOT Analysis 2010 2022
9. Global Robotics Market Growth Drivers and Challenges
Global Robotics Market and Volume Forecast By Type
1. Industrial Robotics
2. Service Robotics
Global Industrial Robotics Market and Volume Forecast By Segment
1. Automotive Industry
2. Electrical/Electronics Industry
3. Metal Industry
4. Chemical, Rubber and Plastics Industry
5. Food Industry
6. Others Industry
7. Unspecified Industry
Industrial Robotics Volume and Forecast Region and Country Wise Distribution
1. Americas
United States
Canada
Brazil
Mexico
Rest of South America
2. Asia/Australia
China
India
Japan
Republic of Korea
Taiwan
Thailand
Other Asia/Australia
3. Europe
Central/Eastern Europe
France
Germany
Italy
Spain
United Kingdom
Other Europe
4. Africa
5. Rest of the World ROW
Global Service Robotics Market and Volume Forecast By Type
1. Professional Service Robotics
2. Personal and Domestic Service Robotics
Global Professional Service Robotics Market and Volume Forecast By Segment
1. Defence
2. Agriculture/Field
3. Logistic
4. Medical
5. Exoskeletons
6. Public Relations Robots
7. Construction
8. Mobile Platforms
9. Inspection
10. Underwater
11. Rescue and Security
12. Cleaning
13. Others
Global Personal and Domestic Service Robotics Market and Volume Forecast By Segment
1. Household Robotics
2. Entertainment and Leisure Robotics
Global Robotics Market Key Players Sales and SWOT Analysis
1. KUKA AG
2. Adept Technology Acquired by OMRON
3. iRobot Corporation
4. Intuitive Surgical
5. NachiFujikoshi
6. Yaskawa Electric Corporation
Data Sources
iGATE RESEARCH employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. This report is built by using data and information sourced from Proprietary Information Database, Primary and Secondary Research Methodologies, and In house analysis by iGATE Research dedicated team of qualified professionals with deep industry experience and expertise.
Research Methodologies
Primary Research Methodologies: Questionnaires, Surveys, Interviews with Individuals, Small Groups, Telephonic Interview, etc.
Secondary Research Methodologies: Printable and Nonprintable sources, Newspaper, Magazine and Journal Content, Government and NGO Statistics, white Papers, Information on the Web, Information from Agencies Such as Industry Bodies, Companies Annual Report, Government Agencies, Libraries and Local Councils and a large number of Paid Databases.
Original Article: Global Robotics Market Industrial and Service Robotics and Volume Forecast to 2022 [Report Updated: 26102017] Prices from USD $1890
