Robotics Research Market Report : Share, Growth, Size, Trends and Forecast 2017 - 2022

Robotics is a branch of engineering science which includes computer science, mechanical engineering, electrical engineering, and others. Robotics addresses the construction, design, operation, and also use of robots, as well as sensory feedback, computer systems for their control, and data processing. These technologies are utilized to build up machines that can replace humans. Robots can be employed for any purpose and in any situation, however nowadays many robots are used for dangerous environments including hazardous processes like manufacturing, bomb detection, and de-activation, or where humans cannot endure.

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Robots can be of any form but few robots are constructed to look like humans in appearance. This is supposed to help in the adoption of a robot in definite replicative actions that generally executed by people. These human lookalike robots try to replicate lifting, walking, cognition, speech, and mostly everything a human can do. Many of latest robots are motivated by nature, bestowing to the area of bio-inspired robotics. Robotics is used in an extensive variety of industries including defense, healthcare, aerospace, infrastructure and automotive. Robots are employed in various activities involving product inspection, assembling products, cleaning and household chores, space missions, surgical operations etc.

The global robotics market is projected to witness substantial growth over the forecast period of 2017 to 2022 with lucrative compound annual growth rate. Increasing demand for industrial automation has overturned the implementation of robotics particularly in the automotive industry. With innovative technologies like cloud robotics, modular robotics, and nano-robotics, the global robotics market will experience extensive growth.

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The top players in the global robotics market are producing energy efficient, compact, small and affordable robotics options to attain a broader customer base. Robots render better quality services and products more proficiently, with minimum wastage and eliminating physical damage risk to humans owing to their self-directed nature. They also help to trim down operating costs, whilst escalating production output. The increasing use of robotics in a variety of applications will boost the demand and as a result fuel the growth of the global robotics market in the coming future.

The key market players in the global robotics market are Sharp Corporation, Mitsubishi Corporation, LG Electronics Inc., ABB Group, Neato Robotics, Inc., KUKA Robotics Corporation, Shenzhen Proscenic Technology Company Limited, Panasonic Corporation, Nachi-Fujikoshi Corp., Samsung Group, FANUC Corporation, iRobot Corporation, Infinuvo(Metapo), Denso Corporation, Matsutek Enterprises Co., Ltd., Ecovacs Robotics, Inc., Yaskawa Electric Corporation, OTC Tools, Kawasaki Heavy Industries, Ltd., Yamaha Corporation, Epson Corporate and Toshiba Corporation. According to product types, the market industry is split into; Industrial Robots, Service Robots for Professional and Service Robots for Personnel. By application, the global market is classified as; Military, Industrial, Commercial and Personal. Geographically, the global robotics market is segmented into regions which are; Southeast Asia, Asia-Pacific, North America, Europe and Rest of the world.

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