Commercial Robotics Market 2022 Precise Outlook - Northrop Grumman Corp., Kuka AG, iRobot Corporation, Yaskawa Electric Corporation

The Commercial Robotics Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The commercial robotics market was valued at USD 10.91 billion in 2020, and it is expected to reach a value of USD 58.56 billion by 2026, at a CAGR of 33.21%, during the forecast period (2021 - 2026).

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Top Leading Companies of Commercial Robotics Market are Northrop Grumman Corp., Kuka AG, iRobot Corporation, Yaskawa Electric Corporation, Honda Motor Company Limited, Omron Adept Technologies Inc., 3D Robotics Inc., Alphabet Inc. and others.

Industry News and Updates

April 2019: The Japanese technology group, Yaskawa, officially opened its new robot production facility with the European robotics development centre at Ko?evje/Slovenia. The robots are to be manufactured in Ko?evje for the current Motoman GP series, with a payload of 7 to 225 kg.

- March 2018: Midea Group had set up three joint ventures with the Kuka Group, to expand business in the industrial robot, healthcare, and warehouse automation segments. Midea and KUKA, will each share a stake of 50% in the joint venture companies.

Key Market Trends

North America to Dominate the Market

- The North American region is set to lead the market for commercial robotics due to the widespread acceptance of the infrastructure required for the adoption of commercial robotic systems.

- The steady technological advancements in the healthcare sector, in North America, is a major driver for the commercial robotics market in the region. The United States is home to some of the largest players in the market. It is a pioneer in the adoption of surgical robots, which is a primary factor influencing the growth of the market studied during the past decade.

- The defense and security sector also accounts for a significant portion of the demand, for robotics, in the region, as developed countries in these regions have focused on military modernization in the recent past. However, the airborne drones have seen a phenomenal increase in their application because of their heavy usage in security and surveillance.

Regional Outlook of Commercial Robotics Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Commercial Robotics Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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