Robotics Market 2022 Competitive Insights - ABB Ltd, Yaskawa Electric Corporation, Denso Corporation, Fanuc Corporation

The Robotics Market 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 robotics market was valued at USD 23.67 billion in 2020 and is expected to reach USD 74 billion by 2027 and grow at a CAGR of 20.4% over the forecast period (2022-2027).

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Top Leading Companies of Robotics Market 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

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.

Regional Outlook of Robotics Market 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 Robotics Market 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.

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