Global Robotics Market is Propelled to grow at a CAGR of 29.11% over 2015-2019

Albany, NY, Nov 11: Robotics deals with the design and development of robots for a variety of purposes. A robot is a machine designed to perform one or more complex tasks with high speed, precision, and accuracy. Since robots tend to reduce the manual labor through complete automation and reduce the possibility of human errors, they are now increasingly adopted worldwide

Industries worldwide are demanding better precision and efficiency in order to meet the growing end-user demand. This has led to high demand for machines that are capable of increasing industrial efficiency by handling multiple tasks while remaining uncompromising on overall accuracy.

The global robotics market to grow at a CAGR of 29.11% over the period 2014-2019. This report covers the present scenario and growth prospects of the global robotics market for the period 2015-2019. Based on types, the global robotics market can be classified into industrial robots and service robots. To calculate the market size, the report considers the number of robots shipped globally.

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Technavio's report, Global Robotics Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, Americas, and EMEA; it also covers the landscape of the global robotics market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key regions
- Americas
- APAC
- EMEA

Key vendors
- ABB
- FANUC
- KUKA
- Yaskawa Electric

Other prominent vendors
- Adept Technology
- Epson Robotics
- Honda
- Intuitive Surgical
- iRobot
- Kawasaki Heavy Industries

Key market driver
- Increased demand from non-automotive applications
- For a full, detailed list, view our report

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Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.