Robotics Market Size, Share & Trend | Industry Analysis Report 2017 – 2025

Posted by Dinesh on March 25th, 2021

Global Robotics Market: Snapshot

The global market for robotics is expected to display double-digit growth in the upcoming years, thanks to the increasing automation across industries. Automation is increasingly becoming the buzzword across labor-intensive industries that are grappling with rising labor costs and lack of skilled workforce issues. This has pushed the adoption of robotic technology to automate operations. Industrial robots, for instance, are deployed in manufacturing and production settings to perform an array of programmed tasks.

Static Robotics Segment to Continue to Witness Significant Demand

The key segments of the worldwide robotics market depending upon type are mobile robotics, exoskeleton, and static robotics. Of them, in 2016, the segment of static robotics led the market in terms of both value and volume. Going ahead, the static robotics segment is anticipated to register the leading growth rate over the forecast period between 2017 and 2025.

Get More Press Release by TMR: https://www.prnewswire.co.uk/news-releases/rising-influence-of-automation-to-paint-strokes-of-growth-across-proximity-sensors-market-between-2019-and-2027-tmr-868639913.html

The prime applications of robotic products include logistics, personal, military, last mile mobility, agriculture, construction/mining, entertainment, medical, research, and others. The other segment comprises automotive, aerospace, and food processing among others. The logistics segment has emerged as a significant application of robotic products and is anticipated to continue as the leading application segment in the next couple of years.

The leading component segments of the global robotics market considered in this study are sensors, control units, actuators, brake systems, vision systems, and others. In 2016, sensors led the market followed by vision systems. With the increasing demand for enhanced sensing capabilities of robots, sensors are anticipated to display significant growth over the forecast period.

Asia Pacific to Display Robust Growth Rate through 2025

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 North America is estimated to display a relatively higher-paced growth in the upcoming years. The region being home to a large number of robot manufacturers, along with contracts from government agencies and defense forces, is leading to consistent innovation and development in robotics technologies, which is aiding the growth of North America robotics market. Further, the increasing uptake of service robots among consumers to reduce workload is also expected to benefit the North America robotics market in the next few years.

The report profiles leading players in the global robotics market, namely Fanuc Corporation, Clearpath Robotics Inc., Barrett Technology LLC, John Deere, Kuka AG, Honda Motor Co. Ltd., Boeing, Bossa Nova Robotics, Seegrid Corporation, Aetheon Inc., Google Inc., Swisslog, Northrop Grumman Corporation, iRobot Corporation, Lowe’s, Omron Adept Technologies, Amazon, Fetch Robotics Inc., and Savioke, Locus Robotics.

Robotics Market Set for Incredible Disruption with Human-Machine Collaboration in Industry 4.0

Inroads made by robotics have already opened new paradigms in industrial and consumer markets. Emerging technology trends in human-robot collaboration have opened several new technology trends in the robotics market. 

In recent months, manufacturers of robotic systems are aggressively exploring this consumer value proposition in various manufacturing industries. The reason for this is the currently emerging Covid-19 pandemic-led lockdowns. The still-emerging pandemic has ravaged or disrupted all industries in some way, with manufacturing most uniformly affected due to labor crunch. 

The rise of omnichannel retailers will spur new strategic moves focused toward acquisition among globally prominent e-commerce companies and robot manufacturers, opening new doors of opportunities in the robotics market.

Advancements being made in artificial intelligence and sensors will open researchers to new learning methods for robotics, such as in voice recognition and gesture mechanisms.