Robotics Market In Upcoming Years in Industries Like Healthcare, Manufacture, IT Technology, etc 2025 | Leading Players in Market are FANUC, ABB, Yaskawa, KUKA, OTC, Panasonic, Kawasaki,Nachi, Epson, Mitsubishi, Denso, Yamaha, Toshiba

Robotics is the interdisciplinary branch of engineering and science that includes mechanical engineering, electrical engineering, computer science, and others. Robotics deals with the design, construction, operation, and use of robots, as well as computer systems for their control, sensory feedback, and information processing.

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Key manufacturers in Robotics Market included based on company profile, sales data and product specifications etc.;

FANUC, ABB, Yaskawa, KUKA, OTC, Panasonic, Kawasaki, Nachi, Epson, Mitsubishi, Denso, Yamaha,Toshiba, iRobot, Ecovacs, Proscenic, Matsutek, Neato Robotics, Infinuvo(Metapo), LG, Samsung, Sharp

Major applications as follows:
Logistics, Personal, Last Mile Mobility, Military, Agriculture, Construction/Mining, Medical, Entertainment, and Research

Major Type as follows:
~Industrial Robots
~Service Robots for Professional
~Service Robots for Personnel

A report estimates, the global robotics market is expected to attain value of US$147.26 bn by the end of 2025 with a CAGR of 17.4% over the forecast period of 2017 to 2025. The market was valued at revenue of US$35.23 bn in 2016. Based on volume, the global robotics market valued at 677.2 thousand units in 2016 and is predicted to amount to 2,731.2 thousand units by the end of 2025, expending with a CAGR of 17.0% over the forecast period from 2017 and 2025. Static type robot is dominating the global robotics market as it is widely deployed across numerous industries such as aerospace, manufacturing, and automotive. Based on the region, North America is dominating the leading position in the global robotics market.

Apart from the affordability and user experience, size and shape also plays an essential role in driving the robotics industry. The demand for industrial robots has accelerated since 2010, considerably, due to the ongoing trend toward automation and continued innovative technical improvements in industrial robots.
The market is further expanding into new territories, with small- and medium-sized industries adopting automation, thereby creating demand for robots. The availability of small-capacity and cost-effective solutions from major providers is enabling the penetration of robots into industries.

Despite of growth prospects, the high investment in the research and development coupled with high initial investment along with higher manufacturing cost. These factors are restraining growth of the global robotics market. Also, high maintenance cost of robots is restraining growth of the robotics market. Additionally, other factors such as turning a prototype, commercial robot, and commercialisation of the product is limiting growth of the global robotics market.

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