Robotics Market 2019
The Global Robotics Market is expected to increase at 28.51% CAGR, registering significant growth during the forecast period. The market was valued at USD 42,654.1 million in the year 2018; it is expected to reach USD 181028.6 million by 2024. Asia-Pacific accounted for the largest market value of USD 19,845.5 million in the year 2018; the market is forecast to register a CAGR of 31.22% during the forecast period. Based on type, the market has been classified as SCARA, cartesian, articulated, cylindrical, and parallel. The articulated segment accounted for the larger market share in the year 2018, with a market value of USD 9,937.1 million. A cartesian robot is a three-axis robot which performs the linear motion along any of the axis, which is marked perpendicular to each other.
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An articulated robot is a rotational joint robot able to make circular motion. It has a one fixed leg and many joints which are individually powered by electric motors. Cylindrical robots work on a cylindrical coordinate. This type of robot is generally used in assembly operations, handling machine tools, spot welding, and handling at die casting machines. Parallel robots consist of close-loop mechanism which shows enhanced performance in terms of velocity, precision, rigidity, and ability to deploy large loads. The SCARA segment is the second largest segment; it is expected to register the highest CAGR during forecast period. A SCARA robot is based on a four-axis design, wherein the z-axis is kept constant and it can move in the XY axis, thereby allowing it to perform a curved motion. Growth in industrial robotics and the developing artificial intelligence technology are factors expected to drive the global robotics market during the forecast period.
Listed Key Players
BOSTON DYNAMICS (US), iROBOT Corporation (US), Heavy Industries, Ltd. (China), ABB Limited (Switzerland), Northrop Grumman Corporation(US), Omron Corporation(Japan), FANUC CORPORATION(Japan), Kuka AG (Germany), Yaskawa Electric Corporation(Japan), and Denso Corporation (Japan), Universal Robots A/S (Denmark), Nachi-Fujikoshi Corp (Japan), Kawasaki, Honda Motor Co. Ltd (Japan), Mitsubishi Electric Corporation (Japan), Sony Corporation (Japan) are some of the key players of global robotics market.
The report published on the global Roboticsmarket is a comprehensive analysis of the various factors that either positively or negatively affect market growth. The report also introduces the market and gives a basic overview of the Roboticsmarket along with the scope of the different products that are manufactured. The Roboticsmarket is divided into several smaller market segments and the market share for each of the different market segments for the base period from the year 2019 to the year 2024 is presented in detail in the report along with an analysis of the various factors.
Drivers and Risks Factors
Various market factors and their effect on the global Roboticsmarket are discussed and are identified. New technologies that are being increasingly used in the Roboticsmarket to boost the production and manufacturing rate have been listed and are included in the report. The market share occupied by Roboticsproduct is analyzed after comprehensively evaluating the market share according to the value of the units produced and the volume of products manufactured at the plant. Inherent growth factors that are crucial to the market growth rate for the base period from the year 2019 to the year 2024 have been presented in the report.
There are different market segments that the global Roboticsmarket has been divided into. These different segments include those based on their location in the globe. The location of each region plays a major role in the market segmentation. The various regions that have been covered in the report include North America, Asia-Pacific, South America, Europe, the Middle East, and Africa. The market share of the product/service offered in these regions is comprehensively analyzed. The market share has been predicted for the forecast period from the year 2019 to the year 2024.
The data used to compile the Roboticsmarket report is a result of collating the data from several sources of information and after extensive market research. The data that has been collected is subjected to the SWOT analysis that is used to identify different strengths and weaknesses that a company has. The opportunities that can be exploited to accomplish a variety of purposes and finally the threats that the company faces either from other competitors or due to insufficient innovation. An analysis of the different forces that comprise Porter’s Five Forces Model is also included.
Table of Contents – Major Key Points
1 Executive Summary
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
6 Global Robotics Market, By Type
7 Global Robotics Market, By Mobility
8 Global Robotics Market, By End User
9 Global Robotics Market, By Region
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