Robotics Market to be Dominated by Automotive Through 2028
Global
robotics market has seen a marked growth in recent years, due to the increased
demand for automation in various industries, coupled with advances in
technology.
According
to TechSci Research report, “Robotics Market – Global Industry Size, Share,
Trends, Opportunity, and Forecast, 2018-2028”. The global robotics market
is growing rapidly due to a number of factors. One of the most important
factors is the increasing demand for automation in the manufacturing industry.
Automation has become essential to the modern production process, as it
increases production efficiency and reduces costs. This has driven the demand
for robotics, which is seen as the most effective way to automate many
processes. Additionally, advances in robotic technology have made them more
versatile and capable of performing a wider range of tasks, further increasing
their appeal.
In
addition, the growth of the robotics market is being driven by advances in
artificial intelligence (AI). AI is being used to improve the accuracy and
efficiency of robotic tasks by allowing robots to learn from their experiences.
This has enabled robots to better adapt to changing environments, allowing them
to carry out tasks more quickly and accurately. AI has enabled robots to become
increasingly autonomous, reducing the need for human intervention in many
processes.
The
increased use of robotics in the medical field is driving growth in the market.
Robots are being used to automate many medical procedures, increasing accuracy,
and reducing the risk of errors. This is especially important in surgeries,
where robots are being used to carry out delicate tasks that would otherwise be
impossible for humans to do. It has enabled surgeons to perform more complex
operations with greater accuracy, improving patient outcomes.
Robots
offer advantages in terms of safety and cost. They can be programmed to take
dangerous tasks, such as working in hazardous environments, without putting
human workers at risk. This has allowed businesses to reduce costs associated
with human labor and improve safety in the workplace.
Finally,
the growth of the robotics market is being driven by increased demand from
consumers. Robotics are becoming increasingly popular in the home, with robots
being used to vacuum floors, mow lawns, and perform other household tasks. This
has driven up sales of consumer robots, creating further growth for the market.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global
Robotics Market."
In
conclusion, the global robotics market is growing rapidly due to a number of
factors. The increasing demand for automation in the manufacturing industry,
advances in AI, increased use of robotics in the medical field, safety and cost
advantages, and increased consumer demand are all driving the growth in the
market. As these trends continue, the robotics market is likely to experience
growth in the coming years.
Based
on component, the market is segmented into hardware and software. Based on
type, the market is segmented into articulated, cartesian, SCARA, cylindrical,
and others. Based on application, the market is segmented into disinfection,
shelf scanning, RFID scanning, delivery, security & inspection. Based on
industry vertical, the market is segmented manufacturing, automotive, retail,
healthcare, electronics, and others. The market analysis studies the regional
segmentation divided among, North America, Europe, Asia-Pacific, South America,
and Middle East & Africa.
The
robotics market is highly competitive, with numerous global and regional
players offering a wide range of products and services. The market is expected
to continue to evolve with advancements in mobile devices, sensors, artificial
intelligence, and cloud computing, among other technologies, which will likely
impact the market dynamics and dominant players in the future.
Key
market players in the global robotics market include:
- ABB
Ltd
- GMFanuc
Robotics Corporation
- Yaskawa
Electric Corporation
- KUKA
AG
- Seiko
Epson Corporation
- Comau,
Siemens AG
- Rockwell
Automation Inc
- PrecisionHawk
- Sony
Corporation
Download Free Sample Report
Customers can also request 10% free customization in this
report.
“The
robotics market is experiencing rapid growth as demand for automation and
technological advancements increases. This growth is projected to continue, as
robots become more efficient and cost-effective, and new technologies and
products are being developed. Consequently, this sector of the global economy
is set to remain an important player for years to come. Companies should take
advantage of this opportunity, by investing in the research and development of
robotics and related technologies, as well as by capitalizing on the market's
potential.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm.
“Robotics
Market – Global Industry Size, Share, Trends, Opportunity, and Forecast,
2018-2028, Segmented By Component (Hardware, Software), By Type (Articulated,
Cartesian, SCARA, Cylindrical, Others), By Application (Disinfection, Shelf
Scanning, RFID Scanning, Delivery, Security & Inspection), By Industry
Vertical (Manufacturing, Automotive, Retail, Healthcare, Electronics, Others),
By Region and Competition”,
has evaluated the future growth potential of robotics and provides statistics
and information on market structure, size, share, and future growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and opportunities
in the global robotics market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com