Global Robotics Market - Static Robotics Segment to Continue to Witness Significant Demand

The global robotics market is expected to display double-digit growth in the upcoming years, thanks to the increasing automation across industries. Automation is increasingly becoming the buzzword across labor-intensive industries that are grappling with rising labor costs and lack of skilled workforce issues. This has pushed the adoption of robotic technology to automate operations. Industrial robots, for instance, are deployed in manufacturing and production settings to perform an array of programmed tasks.

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As per estimates of a report by Market Research Reports Search Engine (MRRSE), the global robotics market will attract a revenue worth US$147.26 bn by 2025 end rising at a healthy 17.4% CAGR over the forecast period from 2017 to 2025. The market was evaluated at US$35.23 bn in 2016. In terms of volume, the market is expected to reach an amount of 2,731.2 thousand units by 2025.

Global Robotics Market: Market Segmentation

The report on robotics market is segment on basis of various parameters such as types, application, components, and geography. The different types of robotics deployed in various industries includes mobile robotics, exoskeleton, and static robotics. Globally, the static robotics dominated the robotics market in 2016 and is estimated to retain its dominance in terms of revenue and volume during the forecast period. The demand for mobile robotics is significantly increasing across the globe and due to this, the segment is anticipated to be the fastest expanding segment over the period from 2017 to 2025, both in terms of revenue and volume consumed. The market for robotics is segmented on basis of application as logistics, personal, last mile mobility, military, agriculture, construction/mining, medical, entertainment, research and others. The others segment includes automotive, aerospace, food processing among others. Among the application, the military segment dominated the market for robotics in 2016, due to wide variety of application in defense forces across the globe. The logistics segment is estimated to be the fastest growing segment during the forecast period from 2017 to 2025. The growth of robotics in logistics is attributed to the fact that, the global logistics sector growing rapidly and the need to deliver the products in a faster and efficient way, the sector is adopting robotics technology heavily. The components segment in the global robotics market includes sensors, control units, actuators, brake systems, vision systems and others. Based on geography, the market for robotics is categorized as North America, Europe, Asia Pacific, Middle East and Africa and Latin America. The significant contribution of China in terms of revenue and volume in the robotics market, led Asia Pacific to have the upper hand in 2016. North America is anticipated to expand at a faster rate during the forecast period from 2017 to 2025.

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Global Robotics Market: Competitive Analysis

On basis of strategic regions across the globe, the major manufacturers of robots are considered in this research. The major manufacturers includes iRobot Corporation, Barrette Technology LLC, Swisslog, John Deere, Fanuc Corporation, Honda Motor Co. Ltd., Boeing, Seegrid Corporation, Google Inc., Lowe’s, Fanuc Corporation, Northrop Grumman Corporation, Amazon, , Clearpath Robotics Inc., Kuka AG, Bossa Nova Robotics, Savioke, Fetch Robotics, Aetheon Inc., Locus Robotics and Omron Adept Technologies among others.

The segments covered in the global robotics market are as follows:

Global Robotics Market, 2017-2025: By Type

Mobile Robotics
Exoskeleton
Static Robotics
Global Robotics Market, 2017 - 2025: By Application

Logistics
Personal
Last Mile Mobility
Military
Agriculture
Construction/Mining
Medical
Entertainment
Research
Others
Global Robotics Market, 2017 - 2025: By Component

Sensors
Control Units
Actuators
Brake Systems
Vision Systems
Others
Global Robotics Market, 2017 - 2025: By Geography

North America
U.S.
Canada
Mexico
Europe
U.K
Germany
Italy
France
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia Pacific
Middle East and Africa
South Africa
U.A.E.
Saudi Arabia
Rest of Middle East and Africa
Latin America
Brazil
Rest of Latin America

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This release was published on openPR.