Press release
Global Robotics Market to Witness a Pronounce Growth During 2023
The robotics market continues to experience a profound and significant restructuring as the traditional industrial robotics sector continues to shrink as an overall percentage of the total robotics industry.Most of this growth is being driven by segments like consumer, enterprise, healthcare, military, unmanned aerial vehicles (UAVs), and autonomous vehicles. Consequences of this shift are already beginning to play out, evidenced by the recent acquisition of traditional industrial robot company KUKA by Chinese consumer electronics manufacturer Midea. The epicenter of robotics continues to shift from the traditional centers of Japan and Europe toward the emerging artificial intelligence (AI) hotbeds of Silicon Valley and China. AI technologies like deep learning, computer vision, and natural language processing (NLP) are revolutionizing autonomy and UI/UX capabilities in robots.
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Global Robotics Market: Forecast by Type / Application / Region
China is already a powerhouse in industrial robotics with 60% of the revenue share, however the Chinese government has plans in place that put it on a trajectory to lead the market for non-industrial robots by 2025. QYResearch anticipates that China will be the leading market for consumer robots, enterprise robots, and autonomous vehicles by 2025. This trend is in line with China's goal of becoming the leading player in AI, for which it is establishing a foundation that includes home-grown AI semiconductor companies, robust software, and hardware platforms that can leverage AI in a range of commercial hardware products, and a scalable ecosystem of large and small companies that feed into the cycle of innovation.
Over the next five years, LPI(LP Information) projects that Robotics will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
Global Robotics Market: Key Players
ABB
Yaskawa Electric
Denso
Fanuc
Kuka Robotics
Kawasaki Robotics
Toshiba
Panasonic
Staubli Mechatronics
Nachi Robotic Systems
Yamaha Robotics
Epson Robots
FIAT
Adept Technologies
Intuitive Surgical
Stryker
MDA
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Related Information:
United States Robotics Market Research Report 2018
Europe Robotics Market Research Report 2018
North America Robotics Market Research Report 2018
Asia-Pacific Robotics Market Research Report 2018
China Robotics Market Research Report 2018
EMEA Robotics Market Research Report 2018
Global Robotics Market Research Report 2018
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