Robotics Market: Global Industry Trends, Share, Size, Growth Analysis and Forecast Till 2024

1. Global Robotics Market Research Report and Forecast 2024 Report Edition: 2019 Copyright © IMARC Service Pvt Ltd. All Rights Reserved © 2019 IMARC All Rights Reserved

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3. Report Description and Highlights Report Description Global Robotics Market Overview: According to the latest report by IMARC Group, titled “Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global robotics market reached a volume of nearly 10 Million Units in 2018, growing at a CAGR of 21.8% during 2011-2018. Robotics is a field of engineering that studies the manufacturing, operation, handling, design and conception of robots. A robot is a machine which can automatically perform a set of complex activities. It can either be embedded with the control system or can be guided by an external control device. Additionally, robots provide improved productivity and efficiency as they are more consistent and precise as compared to human beings. Earlier, they were majorly used in the assembly lines of the automotive industry, whereas now they are utilised for performing different tasks ranging from cleaning nuclear waste and mowing lawns to exploring outer space and performing surgeries. Over the years, there has been a rise in the technological advancements as well as the number of investments made in the field of robotics which is proliferating the growth of the robotics market. In addition to this, nowadays, robots have an improved sensory perception due to enhanced force sensors, fast processors and better vision.

4. Report Description and Highlights Report Description 186.5 181.2 120.2125.5130.8136.1141.4146.7152.0157.3 175.9 170.6 160 180 165.3 160.0 160 140 140 120 In Million US$ In Million US$ 120 100 100 80 80 60 60 40 40 20 20 0 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 However, higher cost of mobile robots is one of the factors which is impeding the growth of the global robotics market. Looking forward, the market volume is projected to reach 26 Million Units by 2024. Request for a free sample report: https://www.imarcgroup.com/robotics-market/requestsample

5. Report Description and Highlights Report Description This has led to a shift towards automation in various industries for the purpose of reducing costs and increasing productivity which has augmented the demand for robotics across the globe. Other factors which are positively influencing the growth of the market include improvements in the integration of robotic system, reduction in the time taken to perform an activity along with an increase in the preferences of virtual commissioning methods. Key Market Segmentation: Market Segmentation by Product Type • • Industrial Robotics Service Robotics The global robotics market has been segmented on the basis of type which mainly includes industrial robotics and service robotics. Amongst these, service robotics represent the most popular type of robotics owing to their ability to perform a series of programmed tasks in the production and manufacturing settings. For more information, click here: https://www.imarcgroup.com/robotics-market

6. Report Description and Highlights Report Description Market Segmentation by Region • • • • North America Europe Asia Pacific Latin America On a geographical front, North America currently dominates the market with the majority of the market share. The growth is stimulated by an increase in research and development activities and a rapid rise in the adoption of new technologies across the region. North America is followed by Europe, Asia Pacific and Latin America. Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players. • • ABB Group KUKA AG

7. Report Description and Highlights Report Description • • FANUC Corporation Yaskawa Electric Corporation Browse Related Report Robotic Vacuum Cleaner Market Report: https://www.imarcgroup.com/robotic-vacuum-cleaner- market Construction Robots Market Report: https://www.imarcgroup.com/construction-robots-market

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10. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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