Summary
Market Overview:
The global cloud robotics market size reached US$ 6.0 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 19.7 Billion by 2028, exhibiting a growth rate (CAGR) of 19.6% during 2023-2028.
Cloud robotics is a robotics field involving robots, automation systems, cloud computing, deep learning, big data, the internet of things (IoT), and other emerging technologies that focus on centralized infrastructure and shared services. It allows robots to benefit from the storage and communications resources of modern data centers, share data and code, and perform computation. It also helps remove maintenance and updates overhead and reduce dependence on custom middleware. Nowadays, organizations worldwide are increasingly relying on cloud robotics as it enables a high level of human-robot interaction and learning and contributes to digital transformation.
Cloud Robotics Market Trends:
Cloud robotics allows robots to access vast amounts of processing and rapidly increasing data transfer to offload compute-intensive tasks like image processing, voice recognition, and downloading new skills instantly. This, in confluence with the rising focus on industrial automation and digitization of businesses, represents one of the primary factors impelling the market growth. Apart from this, the rising traction of autonomous cars is driving the adoption of cloud robotics in the automotive industry to index maps, images, and data on prior driving trajectories, weather, and traffic; determine spatial localization; and make decisions. Moreover, cloud robotics is gaining widespread adoption to enable warehouse and logistics automation using mobile platforms and a local network to move pallets, coordinate platforms, and share updates in real-time. Furthermore, key players are launching innovative solutions that can handle computationally heavy tasks, enable power and cognitive collaboration, and increase the available data to share with other machines and humans. This, in turn, is anticipated to expand the application of cloud robotics in the healthcare, mining, agriculture, and construction industries across the globe.
Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global cloud robotics market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, connectivity, deployment mode and application.
Breakup by Component:
Hardware
Software
Services
Breakup by Connectivity:
3G
Bluetooth
Wi-Fi
4G
5G
RF
Infrared
Breakup by Deployment Mode:
Public Cloud
Private Cloud
Hybrid Cloud
Breakup by Application:
Industrial Cloud Robotics
Service Cloud Robotics
Personal Service Cloud Robotics
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Group, Calvary Robotics, CloudMinds, FANUC Corporation, inVia Robotics Inc., Kuka AG (Midea Group), Ortelio Ltd, Rapyuta Robotics Co. Ltd., Universal Robots A/S (Teradyne Inc.), V3 Smart Technologies and Yaskawa Electric Corporation.
Key Questions Answered in This Report:
What was the size of the global cloud robotics market in 2022?
What is the expected growth rate of the global cloud robotics market during 2023-2028?
What has been the impact of COVID-19 on the global cloud robotics market?
What are the key factors driving the global cloud robotics market?
What is the breakup of the global cloud robotics market based on the component?
What is the breakup of the global cloud robotics market based on the connectivity?
What is the breakup of the global cloud robotics market based on the deployment mode?
What is the breakup of the global cloud robotics market based on the application?
What are the key regions in the global cloud robotics market?
Who are the key players/companies in the global cloud robotics market?
