Press release
Robotics Market 2021 Strategic Forecasting – Precise Outlook By 2026
The Robotics Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Robotics market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Robotics market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Robotics market.The robotics market was valued at USD 23.67 billion in 2020 and is expected to reach USD 74 billion by 2026 and grow at a CAGR of 20.4% over the forecast period (2021-2026).
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Top Leading Companies of Robotics Market are - ABB Ltd, Yaskawa Electric Corporation, Denso Corporation, Fanuc Corporation, Kuka AG, Kawasaki Heavy Industries Ltd, Toshiba Corporation, Panasonic Corporation, Staubli International AG, Nachi Robotic Systems Inc., Yamaha Motor Co. Ltd, Seiko Epson Corporation, Comau SpA, Adept Technologies Inc., Intuitive Surgical Inc., Stryker Corporation, Maxar Technologies Ltd (Mda Corporation) and others.
Industry News and Updates:
- March 2020 - Yaskawa Motoman launched HC20XP collaborative robot. Featuring hand-guided teaching for implementation of a robot system, the 20 kg payload HC20XP collaborative robot is suited for applications where robots need to work safely or close to humans. The IP67-rated collaborative robot is equipped for continuous use in damp or splash-prone environments. Made of cast aluminum, this model features a surface designed for utilization in sanitary environments where wipe or wash is required.
- February 2020 - DENSO Robotics was showcased new robots aimed at entry-level manufacturing applications, as well as a new series of high-performance robots for large part manufacturing at ATX West 2020 manufacturing event. The new products include the LPH series, which is expected to meet the demand for precision robots for light-duty manufacturing applications, and the VM-VL series, giant assembly robots aimed at manufacturing, transportation, warehousing, and other industrial applications.
Key Market Trends:
Service Robotics is Expected to Register Fastest Growth
- Factors like the aging population and shortages of healthcare workers are driving the demand for assistive technology robots. Companies like KUKA(healthcare subsidiary Swisslog) are specializing in robots for healthcare applications. For instance, Swisslog’s Relay is designed for inpatient and outpatient services, like the transport of medicines and other hazardous medications, including chemotherapy. The emergence of robotic technology has transformed the way businesses are carrying out their operations. Moreover, with the proliferation of e-commerce, the need for automated warehouses is increasing. Kiva and Mobile Industrial Robots(MiR) are prominent companies among other startups innovating in the warehouse robotics space.
- The growth of omnichannel retailing means distribution centers and logistics warehouses need to transform their systems to handle both pallets and packaging destined for retail shelves, while also picking and packing highly varied items for shipping directly to individual consumers. In May 2020, ABB enhanced robotic picking and packing portfolio to transform omnichannel order fulfillment and retail logistics with the launch of the new IRB 390 FlexPacker to support customized packaging, vertical packing, and high-speed, high-variation sorting and on-demand order picking in logistics and e-commerce fulfillment centers. Possible uses include secondary packaging in food (dry and wet), beverage, pharmaceutical, medical, personal care, pet care (food and more), CPG (Consumer Packaged Goods), and logistics.
Asia-Pacific is Expected to Hold Major Share
- Due to the significant adoption of industrial robots throughout the region, Asia-Pacific is expected to record the highest growth rate over the forecast period. China is dominating the regional adoption rate of robotics due to the massive deployment in the country's governing electronic and automotive manufacturing sectors. As these sectors are developing at a high rate in other economies in the region like India, there is vast potential for growth in the market studied. The regional government is also a significant factor in the development of the regional robotics market. For instance, India plans to invest in military robotics, and by 2023, the country is preparing to deploy advanced robotic soldiers. Also, a New Delhi-based company is building robots for the Indian Army.
- The aging population of the countries of Asia-Pacific, such as Japan and China, are driving growth in the medical technology sector, creating a massive market for service robots in the region. According to the Ministry of Internal Affairs and Communications (Japan), around 36.2 million inhabitants are expected to be 65 years or older in 2020. This is encouraging companies to invest in products for the elderly in the region. With a rapidly aging population, the country is increasingly looking for robots and AI to help caregivers in nursing homes to take care of older people. One such robot deployed is Paro (baby seal), which is designed to treat diseases like Alzheimer's.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Robotics Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Robotics Market (%),2016 - 2026
- Robotics Market Share, By Brand
- Robotics Market Share, By Company
- Robotics Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Robotics Market Value Analysis & Forecast
- Promising Robotics Development by Major Companies
- Detailed Robotics Portfolio of the Major Companies
- Major Deals in the Robotics Market
- Major Companies Analysis
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https://www.marketinsightsreports.com/reports/02082591520/robotics-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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