Robotics Market research insights:
By the end of 2030, the worldwide robotics market is anticipated to be worth USD 214.68 Billion, growing at a CAGR of more than 22.8%.
Robots are programmed tools that can perform a variety of autonomous and non-autonomous tasks. An industry called robotics deals with the design, development, and engineering of robots. A robot's primary goal is to control items by picking them up, moving them, and changing their physical characteristics.
The advancement of artificial intelligence (AI) technology is the main force influencing the global robotics industry. One of the domains related to AI is robotics, which uses mechanical and computer-controlled tools to carry out extremely precise tasks. Robots with fully developed high-precision machine capabilities interact with the latest artificial intelligence technology to increase production, build an expert system, and incorporate intelligence into the machines. Aibo, an autonomous entertainment robot that uses artificial intelligence and analytics to automate robot movement, was introduced by Sony Corporation on January 9, 2018.
Robotics Market Key players
The following companies are leaders in the worldwide Robotics Market:
- Universal Robots A/S from Denmark
- Kawasaki Heavy Industries Ltd. from China
- Boston Dynamics from the United States
- iRobot Corporation from the United States
- Nachi-Fujikoshi Corp. from Japan
- Honda Motor Co., Ltd. from Japan
- Mitsubishi Electric Corporation from Japan
- ABB Limited from Switzerland
- Sony Corporation from Japan
- Northrop Grumman Corporation from the United States
- Kuka AG from Germany
- Omron Corporation from Japan
- FANUC CORPORATION from Japan
- Yas (Japan)
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Report Scope:
Report Attribute/Metric | Details |
Market Size in 2030 | USD 214.68 Billion |
Growth rate: | CAGR of 22.8% (2020-2030) |
Forecast Period | 2020-2030 |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Robotics Market USP Covered
Robotics Market Regional Insights
Germany, China, Japan, the United States of America, and South Korea are some of the nations that have the most significant contributions to make to the market for industrial robots. In 2016, the Asia Pacific region had a revenue share that was greater than 52.0% of the whole market, and it is projected that this region would continue to dominate the Robotics Market during the forecast period. A total of around 151 thousand units were exported out of the region in 2016, making it the region with the largest number of units shipped. It is anticipated that during the course of the projection period, it will record a significant CAGR.
China, Japan, Korea, and Taiwan are among the most important industrial robot production centers in the Asia-Pacific region. When it comes to the installation of industrial robots, Japan and South Korea are now in the forefront of the market in the area. The thriving electronic goods sector is principally responsible for fueling the rapid expansion of the Robotics Market in these countries.
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Robotics Market Segments Covered in the Report
This study analyzes the Robotics Market trends in each of the subsegments from 2014 to 2025 and gives a projection of revenue growth at the global, regional, and national levels. The forecast covers the period from 2014 to 2025. For the purposes of this research, Grand View Research has divided the report on the worldwide industrial robotics market into sections based on the applications for which industrial robots are used and the regions in which industrial robots are used.
Outlook as an Application (Revenue, USD Million, 2012-22020) Automotive, Electrical and Electronics, Metal and Heavy Machinery, Rubber and Plastics, Chemical, Food, and Other Industries
Regional Outlook (Revenue, USD Million, 2012-22020) North America, which includes the United States of America, Canada, and Mexico; Europe, which includes Germany, Italy, Spain, the United Kingdom, and France; Asia Pacific, which includes China; and the rest of the world.
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