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Global Robotics Technology Market 2023 Technology Scouting, Opportunity Assessment, New Innovations And Forecast To 2032 | Major Players Are ABB Group, FANUC Corp, Kawasaki Heavy Industries Ltd., KUKA AG, Mitsubishi Electric Corp

09-04-2023 12:35 PM CET | IT, New Media & Software

Press release from: The Business research company

Robotics Technology Market

Robotics Technology Market

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Robotics Technology Global Market Report 2023 identifies increasing shift towards automation as the major driver for the Robotics Technology Market's growth in the forecast period. The increasing use of automation, artificial intelligence, and other technologies is altering how humans and machines interact. Many organizations have expanded automation to indicate that it will allow intelligent machines to make complex or mission-critical decisions. The use of automation is deployed across an enterprise and ecosystem to build a more adaptable business that can respond quickly and adopt new technological operating models. This shift towards automation from the traditional method has changed the market dynamics, leading to an increase in the adoption of robotics technology.

The global robotics technology market size grew from $75.89 billion in 2022 to $88.8 billion in 2023 at a compound annual growth rate (CAGR) of 17.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The robotics technology market size is expected to grow to $155 billion in 2027 at a CAGR of 14.9%.

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Major competitors in the robotics technology market are ABB Group, FANUC Corp, Kawasaki Heavy Industries Ltd., KUKA AG, Mitsubishi Electric Corp., Denso Corporation, Yaskawa Electric Corporation, Omron Corporation, Seiko Epson Corporation, Stäubli Robotics, Komatsu, Epson, Panasonic, Nachi Fujikoshi, and Adept Technology.

A key trend in the Robotics Technology Market includes Technological development. Robotics is useful in a wide range of manufacturing industries, including food, automotive, and aerospace. The market is witnessing the adoption of a wide variety of complementary technologies in robotics such as computer vision, natural language processing (NLP), speech recognition, edge computing, and others to ensure the safety and increase productivity, efficiency, quality, and consistency of products.

Read More On The Global Robotics Technology Market Report Here:
https://www.thebusinessresearchcompany.com/report/robotics-technology-global-market-report

The Robotics Technology Market is segmented -
By Type: Industrial Robots, Mobile Robots, Service Robots, Other Types
By Component: Hardware, Software, Service
By End User: Aerospace Manufacturing, Agriculture, Automotive Manufacturing, Building Maintenance, Chemical and Fuel Processing, Construction, Consumer Products Manufacturing, Other End Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Robotics Technology Market.

The Business Research Company's "Global Robotics Technology Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Robotics Technology Market Include:
1. Executive Summary
2. Robotics Technology Market Characteristics
3. Robotics Technology Market Trends And Strategies
4. Robotics Technology Market - Macro Economic Scenario
5. Robotics Technology Market Size And Growth

……
26. Africa Robotics Technology Market
27. Robotics Technology Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Robotics Technology Market
29. Robotics Technology Market Future Outlook and Potential Analysis
30. Appendix

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