Global Robotics Market: Overview
Robotics is a branch of engineering that deals with the development of a robot by making use of computer science, mechanical, and electrical engineering. Robotics science is broadly segmented into service robots and industrial robots. The service robots are further classified into professional robots, personal robots, and domestic robots. Robotics technology is a mixture of the machine, computer applications, and tools.
Global Robotics Market: Growth Factors
The tremendous increase in the number of tablets and smartphone’s has contributed to the progression and expansion of the global robotics market. Increasing demand for automation in industries has transformed the implementation of robotics technology particularly in the automotive sector. With the significant development of technologies like nano-robotics, modular robotics, and cloud robotics, the global robotics market would certainly grow at a tremendous rate. The major market players in the market are manufacturing reasonable, compact, small, and energy proficient robotics solutions to capture customer base to increase the growth of the robotics market. Other benefits that are offered by the robotics technology include increased efficiency, improved quality, automated methods, reduced error rates, and several other benefits propel the market to grow rapidly. Robotics technology is majorly used in wide range of industries which includes defense, healthcare, automotive, aerospace, and infrastructure. Robots are used for various activities encircling assembling products, surgical operations, detecting and defusing bombs product inspection, cleaning and domestic chores, and space missions. Owing to its increased application in several domains the robotics market anticipates to grow in the coming years.
Global Robotics Market: Segmentation
The robotics market is categorized on the basis of different parameters such as application, types, components, and geography. Based on the type, the market is categorized into an exoskeleton, mobile robotics, and static robotics. Based on application, the robotics market is classified as military, agriculture, entertainment, personal, logistics, last mile mobility, construction/mining, research medical, and others. The other applications include aerospace, food processing, and automotive, among others. Among the application, the military section is anticipated to show its dominance the market. Based on the components segment, the robotics market is segmented into control units, vision systems, sensors, brake systems, actuators, and others.
Global Robotics Market: Regional Analysis
The global robotics technology market can be diversified across regions such as North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America. In terms of volume and revenue, it is anticipated that China may contribute a major share in the global robotics market. Owing to this factor Asia Pacific region expects to experience a rapid growth in the robotics market in the coming years. North America is anticipated to expand rapidly owing to the increased acceptance and adoption of the robotics technology. In the Middle East, the robotics market expects to experience a sluggish market growth rate.
Global Robotics Market: Competitive Players
Some of the important market players in the global robotics market include Boeing, Omron Adept Technologies, iRobot Corporation, Swisslog, John Deere, Barrette Technology LLC, Google Inc., Honda Motor Co. Ltd., Lowe's, Fanuc Corporation, Amazon, Northrop Grumman Corporation, Seegrid Corporation, Clearpath Robotics Inc., Savioke, Aetheon Inc., Kuka AG, Bossa Nova Robotics, Locus Robotics, and Fetch Robotics, among others.
Global Robotics Market: Regional Segment Analysis
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