Global Cloud Robotics Market - Growth Factors and Regional Forecast to 2022

Posted by Savni on March 27th, 2020

Market Scope

According to the current report published by Market Research Future (MRFR), the global cloud robotics market is anticipated to strike a CAGR of 29% between 2016 and 2022. MRFR reveals that, by 2022, the global market of cloud robotics is all set to touch a valuation of USD 17 Bn.

As per the latest report published by Market Research Future (MRFR), the global cloud robotics market is projected to surge at a CAGR of 29% from 2016 to 2022 and reach a valuation of USD 17 Bn. Cloud robotics has emerged as primary segment of cloud technology, which is a combination of cloud storage, cloud computing and other internet technologies. They are collectively applied to create converged infrastructures. Cloud robotics hold tremendous potential in an IT ecosystem of an industry. The fact that cloud robotics has characteristics of both cloud and robotics makes it a technology ready for the future. Its functionalities are based on elements such as actuation, sensation, control, ubiquitous, and convenience.

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Segmental Analysis

The report includes a detailed segmental analysis of the market based on application, connectivity and type. Based on application, the market has been segmented into manufacturing, agriculture, retail, aerospace, defensem, transportation and healthcare. Based on connectivity, the market has been segmented into 3G, 4G, Wi-Fi, RF, infrared connectivity and Bluetooth. Among these, the 3G segment accounts for the largest share of the market. This primarily owing the high proliferation of 3G network across the global. 3G has emerged as the standard network for internet applications. Based on type, the market has been segmented into clone based, peer based, and proxy based robotics.

Regional Outlook

Europe, Asia Pacific (APAC), and North America are major regional segment of the cloud robotics market. North America is likley to be at the forefront of global cloud robotics during the assessment years. The cloud robotics market in the United States, followed by Canada, is likely to experience high growth rate. This is due to surge in the adoption of robotics technology across verticals, such as defense,  security, and health care. In addition, the presence of advanced mobile technologies and robust network infrastructure are expected to cast a positive impact on the North America market.

In the Asia Pacific region, Global Cloud Robotics Market is playing a significant role in revolutionizing industries. Along with the rising trend of industrial automation, verticals of the region are upscaling their performance with cloud robotics. Rapidly industrialization and increase in the adoption of cloud robotics are factors that are expected to surge the APAC market. Such technologies are improving operational efficiency and curbing managerial burdens, which, in turn, are to boost the regional market growth. Hence, the cloud robotics market in the Asia Pacific is likely to show good health in the coming years. Besides, the growing awareness about the technology and the presence of developers in strong economies, such as China, India, and Japan are additional factors that are expected to boost the APAC market growth.

Competitive Landscape

Some of the leading companies operating in the global cloud robotics market include Kuka AG (Germany), Fanuc Corporation (Japan), Rapyuta Robotics Co. Ltd. (Japan), Calvary Robotics (U.S.), Rockwell Automation, Inc. (U.S.), Yaskawa Electric Corporation (Japan), ABB Group (Switzerland), Motion Controls Robotics (U.S.) and Ortelio Ltd. (UK)

Industry News

  • Amazon, the global electronic commerce and cloud computing company has recently launched a new cloud-based robotics testing platform “AWS RoboMaker”. The platform was unveiled in AWS Re:Invent 2018. The platform operates on open-source software Robot Operating System (ROS) and provide developers assistance in developing and testing robotics applications.

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Savni

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Savni
Joined: October 21st, 2019
Articles Posted: 480

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