Robotics Technology Market to Grow at a CAGR of 16.2% to Reach USD 189.36 Billion by 2027
Rise in need for automation and safety in organization and availability of affordable, energy efficient robots drive the growth of the market. In addition, rising labor & energy costs and increase usage of robotics technology in different industry vertical fuels the growth of the market. However, high initial cost of the robots and lack of awareness among the SMEs hampers the growth of the market. Furthermore, growth in adoption of robotics technology in emerging economies and increase use in adverse applications are expected to provide lucrative opportunities for the growth of the market.
Download free sample report at: https://www.alliedmarketresearch.com/request-sample/125
The global robotics technology market is analyzed across component, robot type, application, and region. On the basis of component, the hardware segment accounted for the major market share in 2019, and is projected to dominate by 2027. This is due to the fact that hardware components are cheaper than software modules and are also faster to set up. Simultaneously, the service segment would manifest the fastest CAGR during the forecast period. Increase in demand for different services such as managed services and professional services fuel the segment growth.
By application, the global robotics technology market was led by the manufacturing segment in 2019 and is projected to maintain its dominance during the forecast period. The major factors that drive the adoption of robotics in the manufacturing sector include shortage of labor in the manufacturing sector and rise in need of automation in this sector. However, the healthcare segment is expected to grow at the highest rate during the forecast period, owing to increased government spending, technology maturity, and increased adoption of robotics technology in healthcare sector.
For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/125
Region wise, the robotics technology market was dominated by Asia-Pacific in 2019 and is expected to witness the highest growth rate during the forecast period due to increase in presence of robotics vendors and surge in its requirement from the industrial sectors in the Asia-Pacific region.
The key players profiled in the robotics technology market analysis include ABB Ltd, Denso Corporation, Fanuc Corporation, KUKA AG, Kawasaki Robotics (Kawasaki Heavy Industries, Ltd.), Mitsubishi Electric Corporation, OMRON Corporation, Seiko Epson Corporation, Stäubli International AG and Yaskawa Electric Corporation.
If you have any special requirements, please let us know: https://www.alliedmarketresearch.com/request-for-customization/125
• The outbreak of the pandemic led to increase in adoption of robotics technology in several industry verticals so as to reduce the impact of the virus on human workers.
• This trend is likely to continue even in the coming years after the recovery from the COVID-19 pandemic.
Buy This Research Report at: https://bit.ly/3id1lFB
Thanks for reading this article; you can also get an individual chapter-wise section or region-wise report versions like North America, Europe, or Asia.
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
Other Trending Report:
1. Risk Analytics Market
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Robotics Technology Market to Grow at a CAGR of 16.2% to Reach USD 189.36 Billion by 2027 here
News-ID: 2822407 • Views: 297
More Releases from Allied Market Research
Internet Security Market Have Witnessed Economic Boom in The Past Decades| Top K …
According to the report published by Allied Market Research, The Internet Security Market Have Witnessed Economic Boom in The Past Decades| Top Key players such as - Microsoft Corporation, Kaspersky Labs and Dell. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The major factors driving the internet
Mobile BI Market worth USD 15.99 Billion by 2023 |Top Key players such as -Tibco …
According to the report published by Allied Market Research, The Mobile BI Market worth USD 15.99 Billion by 2023 |Top Key players such as -Tibco Software, Yellowfin International and Olik Technologies. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. A mobile BI is a software used to
Mineral wool Market Major Companies, Strategies and New Trends
"Mineral wool Market by Type (Glass Wool, Rock Wool, and Others), By End-Use Industry (Building & Construction, Transportation, Industrial & Appliances, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026". According to the report, the global mineral wool industry accounted for $9.9 billion in 2018, and is expected to reach $16.0 billion by 2026, growing at a CAGR of 6.3% from 2019 to 2026. Access Full Summary @ https://www.alliedmarketresearch.com/mineral-wool-market-A06104 Major driving
Asia-Pacific Cold Chain Logistics Market New Business Opportunities and Investme …
According to a recent report published by Allied Market Research, titled, Cold Chain Logistics Market by Business Type, End-use Industry, Product, and Technology: Asia-Pacific Opportunity Analysis and Industry Forecast, 2020-2027," The Asia-Pacific cold chain logistics market was valued at $68.32 billion in 2019, and is projected to reach $133.97 billion by 2027, registering a CAGR of 11.7%. Download Report (PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/5412 China dominates the market in terms
More Releases for Corporation
Endotherapy Devices Market Key Players: Hoya Corporation, Olympus Corporation, S …
A fresh report titled “Endotherapy Devices Market” has been presented by KD market insights. It evaluates the key market trends, advantages, and factors that are pushing the overall growth of the market. The report also analyzes the different segments along with major geographies that have more demand for Endotherapy Devices Market. The competition analysis is also a major part of the report. The global endotherapy devices market is projected to reach
Digital Living Room Market 2017-2025 | Samsung Corporation, Sharp Corporation, B …
Global Digital Living Room Market: Snapshot The living room gadgets in the early 1980s were predominantly televisions. Today, living rooms have evolved into a place with a number of devices thanks to inventions and evolution of the consumer electronics industry. Following this, researchers are focused on bridging the gaps between different devices in the living room by means of connected living rooms. This involves connecting the array of primary and secondary
Smart Camera Market || Key Players - Samsung Electronics Co., Canon Inc., Nikon …
Looking at the current market trends as well as the promising demand status of the Smart Camera Market, it can be projected that the future years will bring out positive outcomes. This research report added by MRRSE on its online portal delivers clear insight about the changing tendencies across the global Smart Camera Market. Readers can gather prime facets connected to the target market which includes product, end-use and application;
Global Healthcare Clinical Analytics Market to 2022| IBM Corporation, Cerner Cor …
Albany, NY, 3rd December : Recent research and the current scenario as well as future market potential of "Global Market Study on Healthcare Clinical Analytics: North America to be the Most Lucrative Market During the Assessment Period (2017 - 2022)" globally. Introduction Persistence Market Research delivers yet another unbiased, comprehensive and insightful report titled ‘Healthcare Clinical Analytics Market: Global Industry Analysis (2012-2016) and Forecast (2017-2022)’. Get PDF for more Professional and Technical insights
Endotherapy Devices Market Key Players : Hoya Corporation, Olympus Corporation, …
Endoscopy Devices Market is performed to examine abdominal pain, ulcers, digestive tract bleeding, and abnormal growths in the colon and other abdominal & gastrointestinal (GI) conditions. The minimally invasiveness of this procedure with fewer post operation complications makes it one of the most preferred and sought-after procedures in diagnostics and surgeries. The global endotherapy devices market is projected reach $5,015 million by 2024 from $3,369.0 million in 2017, growing at
Endoscopy Devices Market Share with Olympus Corporation, HOYA Corporation, Fujif …
Endoscopy Devices Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $40,854 million by 2022 from $27,273 million in 2015, registering a CAGR of 5.7% during the period 2016 to 2022. The flexible endoscopes are expected to dominate the global endoscopy devices market. North America is projected to continue its lead, accounting for more than one-third share of the global endoscopy devices market