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Top Robotics Market By Industrial Robotics, Service Robotics - Global Forecast to 2022

Top Robotics Market: Global Forecast until 2022

  • February 2017
  • 135 pages
  • ID: 4687455
In this report:
The North American service robotics market for the domestic application registered the highest shipment of ##,##.## thousand units in 2015 and is expected to reach ##,##.## thousand units by 2022, at a CAGR of ##.##% during the forecast period, while for the logistics application is expected to witness a shipment of ##.## thousand units by 2022, growing at the highest CAGR of ##.##% during the forecast period, owing to the rising warehouse automation.

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"The market of top industrial robotics intended to grow at a significant rate during the estimate period"

The industrial robotics segment of top robotics market is anticipated to increase at a CAGR (Compound annual growth rate) of ~11.9 percent between 2016 and 2022 to attain ~$79.6B by 2022. The main drivers for the top industrial robotics market is the increased adoption of automation and the increasing demand for industrial robots from small- and medium-scale enterprises in developing countries. One of the main restraints for the rise of said market is the lack of skilled workforce to work in the automated manufacturing units.

"The top service robotics market forecasted to grow at a significant rate during the outlook period"

The service robotics segment of top robotics market is anticipated to rise at a compound annual growth rate (CAGR) of ~15.2 percent between 2016 and 2022 to attain ~$23.9B by 2022. The growing usage of robots across warehouse automation applications, medical and healthcare markets, and education and research institutes; and short-to-medium-term payback period are some of the main factors driving the rise of the service robotics market global. Nevertheless, the increase of the market is anticipated to be hindered by high costs required for Research and development, performance in untested environment, and lack of high-level interfacing.

"Articulated robots held the biggest share of the industrial robotics market in 2015"

Articulated robots range from simple two-joint robots to complex ten-joint robots. The more joints an articulated robot has, the greater is its range of motion. Articulated robots held the most important share of the top industrial robotics market and the same trend is expected to progress in the upcoming future. This rise of articulated robots is mainly attributed to the significant deployment of articulated robotic arms among diversified industrial applications, especially across automotive, and electrical and electronics industries.

"Market for service robotics in logistics estimated to witness the highest increase during the estimate period"

The logistics application held the biggest share of the top service robotics market and is further forecasted to grow at the maximal rate during the outlook period.

The significant deployment of automated guided vehicles in manufacturing facilities and warehousing units is the main factor driving the rise of the service robotics market for the logistics application. Moreover, the sector for logistics robots in the nonmanufacturing industry is anticipated to grow at a higher rate than that in the manufacturing market. The industry demand from the nonmanufacturing industry is mainly influenced by the need for logistics at hospitals or in the healthcare market to deliver medicine, food, and other supplies.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions have been managed with main people in the ecosystem of top robotics market. The breakdown of primary participants for the study has been shown below:

• By Company category: Tier 1-50.0 percent, Tier 2-30.0 percent, and Tier 3-20.0 percent

• By Description: C-level Executives-70%, Directors-20%, and Others-10%

• By Area: Americas-40%, Europe-35%, APAC-15%, and RoW-10%

The report profiles the top actors in the top robotics market with their respective market ranking review. The main players in the top industrial robotics market contain ABB Ltd. (NYSE:ABB), KUKA (ETR:KU2), Mitsubishi Electric Corp., Nachi-Fujikoshi Corp., FANUC Corp., Kawasaki Heavy Industries Ltd., and Yaskawa Electric Corp.. Northrop Grumman Corporation, iRobot Corporation, DJI, Intuitive Surgical, Inc., Parrot SA, Honda Motor Co., Ltd., Adept Technology, Inc., Aethon Inc., DeLaval International AB, Lely Holding S.a.r.l. , and The LEGO Group are some of the main providers of service robotics segment of top robotics market.

Segment Research

This market research classifies the top robotics market based on type and vertical for top industrial robots, and on the basis of application segment for top service robots. The analysis depicts market forces that contain key market drivers, industry restraints, opportunities, and possibilities with respect to the top robotics market and forecasts the same till 2022.

The market research would benefit competitors/new sector entrants in this sector in these ways:

1. This document breaks down the top robotics market comprehensively and offers the closest market size projection for all sub-segments.

2. This business report benefits partners distinguish the pulse of the sector and offers them with the info on key market drivers, market restraints, opportunities, and alternatives for industry growth.

3. This industry report would benefit partners comprehend their players better and acquire additional insights to enhance their rank in the business sector. The competitive outlook section includes competitor landscape, new industry product developments, alliances, and mergers & acquisitions.

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