Robotics Market Overview:

As per the latest report by IMARC Group, titled “Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on robotics market trends. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global robotics market reached a value of US$ 33.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 87.2 Billion by 2027, exhibiting a CAGR of 17.6% during 2022-2027.

Robotics plays a significant role in different industrial applications and operational activities. It combines various technologies and engineering, such as mechanical engineering, computer science, electronic and electrical engineering, and other domains. Advanced robotics in healthcare offers several benefits to patients, such as shorter hospitalization duration, less pain and discomfort, and minimal scarring. Robotics are rapidly implemented in the defense and security sectors for bomb dispersal, monitoring, and mine detection.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Global Robotics Market Trends:

The global market is majorly driven by the increasing adoption of robots in different industries. In line with this, several industries, such as defense and security, healthcare, aerospace, food and beverage, education, home, and electronics, are utilizing robot technology to improve efficiency due to the availability of customized solutions. Furthermore, the rising demand for telesurgery and care for the elderly and disabled in the healthcare sector is catalyzing the market. Apart from this, the availability of cost-effective and energy-efficient robots is positively influencing the market growth. Moreover, the shortage of skilled labor in the manufacturing industry is propelling the demand for robotics. Besides this, the growing need for automation and safety in organizations is strengthening the product demand. Additionally, the integration of artificial intelligence, machine learning, IIoT, and human-machine interface technology is creating a positive outlook for the market.

Competitive Landscape with Key players:

The report has also analysed the competitive landscape of the market with some of the key players being.

• ABB Group
• KUKA AG
• FANUC Corporation
• Yaskawa Electric Corporation

Robotics Market Segmentation:

Our report has categorized the market based on region and product type.

Product Type:

• Industrial
  • Breakup by Type
    • Articulated
    • Cartesian
    • SCARA
    • Cylindrical
    • Others
  • Service
    • Breakup by Type
      • Personal and Domestic
      • Professional
    • Breakup by Application
      • Household Applications
      • Entertainment Applications
      • Defence Applications
      • Field Applications
      • Logistics Applications
      • Healthcare Applications
      • Infrastructure Applications
      • Mobile Platform Applications
      • Cleaning Applications
      • Others

Regional Insights:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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