Press release
Measuring Robot Market will reach 1270 million US$ in 2023
Measuring robot, also known as robotic total station, is the measurement platform with automatic target recognition, automatic calibration, automatic angle measurement and distance measurement, automatic target tracking, automatic recording function. The primary use of robotic total stations is in surveying, which is critical and demands high precision. Robotic total stations are advanced, easy to install, reliable, and fast, due to which surveying applications contributed the largest share of over 44% in 2016.
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Global Measuring Robot Market: Forecast by Type / Application / Region
North America is the largest consumption region of Robotic Total Station, with a consumption market share nearly 39.42% in 2016. The North America accounted for the highest share of robotic total stations market in 2016, as it is a mature market for automation and robotic technology, which has already incorporated robots in various industrial and services sectors. Compared with other regions, there is high awareness in the Americas with regards to advanced technology and its advantages.
This factor has contributed to the growth of robots and automation in the North America. The second place is Europe; following North America with the consumption market share over 33.35% in 2016. The industries and services sector are constantly trying to improve productivity by incorporating automated solutions and robotic equipment. The advantages of robotic total stations over traditional surveying equipment include factors such as cost reduction, precision, and speed, which are the primary considerations in mining and construction applications. APAC accounted for the smallest market share of robotic total stations market in 2016, as it is a cost-conscious region with small and medium-scale construction and surveying contractors who are averse to investing in cost-intensive technologies. However, the region is witnessing growth in the adoption of traditional total stations owing to increased awareness with respect to the advantages of robotic total stations.
The worldwide market for Measuring Robot is expected to grow at a CAGR of roughly 6.5% over the next five years, will reach 1270 million US$ in 2023, from 880 million US$ in 2017, according to a new GIR (Global Info Research) study.
This report focuses on the Measuring Robot in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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Related Information:
United States Measuring Robot Market 2018 Forecast to 2023
Europe Measuring Robot Market 2018 Forecast to 2023
North America Measuring Robot Market 2018 Forecast to 2023
Asia-Pacific Measuring Robot Market 2018 Forecast to 2023
China Measuring Robot Market 2018 Forecast to 2023
EMEA Measuring Robot Market 2018 Forecast to 2023
Global Measuring Robot Market 2018 Forecast to 2023
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