Global robotics technological know-how market sizing to sign up 15.8% CAGR by 2027

Selbyville, Delaware, Jan. 20, 2021 (World NEWSWIRE) — In accordance to business experts, worldwide robotics technology industry reached a valuation of USD 63 billion in 2019 and is anticipated to sign-up a CAGR of 15.8% about 2020-2027. Much better office basic safety, enhanced effectiveness of distinctive procedures, and increased productivity are the important gains encouraging the adoption of robotics technological innovation. In addition, components this sort of as growing demand from customers for automation, along with rising labor and strength expenses are fostering the marketplace advancement. On the contrary, superior initial expense of robots and lack of information amid SMEs are negatively the general field dynamics.

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Product Variety overview

International robotics technological know-how field, centered on kind, is fragmented into assistance robots, industrial robots, mobile robots, and other people. Of these, industrial robots section is witnessing a strong growth, mostly pushed by the demand from customers from the automotive sector. For instance, BMW AG, in April 2020, entered an agreement with KUKA to provide just about 5,000 robots throughout its new manufacturing lines and producing sites all-around the globe. As for each the arrangement, other innovatory products from the KUKA portfolio, such as its linear units utilized to improve robot’s workspace and power provide technologies will also be provided.

Software scope

Worldwide robotics technological innovation current market software spectrum features aerospace, healthcare, defense and stability, electronics, automotive, domestics, and others. Technological enhancements and growing investments in R&D are probable to raise the application scope of robots throughout the aforementioned areas. For example, the groundbreaking mGrip modular grip procedure and automation solutions made by Gentle Robotics have launched robotic programs throughout remarkably variable and unstructured food stuff processing and packaging, client products producing, and e-commerce supply chain automation configurations.

Geographical outlook:

North The usa, Latin America, Europe, and Asia Pacific are the important contributors to the general robotics technology marketplace remuneration. Asia Pacific current market is touted to expand substantially in excess of the projected timeline, with China as top contributor due to swift deployment of robots in automotive and electronics sector. Furthermore, quick economic development in other nations, these kinds of as India, are drafting favorable circumstances for the business expansion in the location.

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 World wide Robotics Technological innovation Market place Form Sub-Segments (Profits, USD Billion, 2017-2027)

  • Support Robots
  • Industrial Robots
  • Cell Robots
  • Others

World-wide Robotics Know-how Market place Ingredient Sub-Segments (Earnings, USD Billion, 2017-2027)

World-wide Robotics Technologies Market place Application Sub-Segments (Profits, USD Billion, 2017-2027)

  • Aerospace
  • Health care
  • Defense and Safety
  • Electronics
  • Automotive
  • Domestics
  • Other people (Govt, Advertising and marketing Agency, and Finance)

International Robotics Technologies Market Geographical Fragmentation (Earnings, USD Billion, 2017-2027)

North America


  • Germany
  • United Kingdom
  • Spain
  • Italy
  • France
  • Relaxation of Europe

Asia Pacific

  • India
  • China
  • Australia
  • Japan
  • South Korea
  • Relaxation of APAC

Latin The usa

Relaxation of the Globe

Global Robotics Technology Marketplace Corporation Profiles (Income, USD Billion, 2017-2027)

  • Maxar Systems, Inc.
  • Stryker Corp.
  • Intuitive, Inc.
  • Adept Technologies, Inc.
  • Comau S.p.A.
  • Seiko Epson Corp.
  • Yamaha Motor Co. Ltd
  • Nachi Robotic Devices, Inc.
  • Staubli Intercontinental AG
  • Panasonic Corp.
  • Toshiba Corp.
  • Kawasaki Hefty Industries Ltd.
  • Fanuc Corp.
  • Denso Corp.
  • Yaskawa Electrical Corp.
  • ABB Ltd.

Related Report:

Room Robotics Industry Sizing, Software Prospective, Cost Pattern, Aggressive Sector Share & Forecast, 2019 – 2025

Area Robotics Sector is envisioned to exceed USD 3.5 billion by 2025, as per new analysis report. Growing governing administration investments and tasks connected to house exploration and exploration in quite a few nations around the world is driving the market desire. The start of numerous satellites and spaceships functioning in deep and around areas involve timely upkeep and repairing, producing the require for extremely efficient robotic units. Nationwide corporations this kind of as NASA, CSA, JAXA, and many others., are introducing humanoid robots to carry out the upkeep, servicing, and transportation functions to attain large efficiency, additional building the place robotics sector. The growing traits of autonomous functions and AI technological innovation in robotic products and solutions will drive fast sector enlargement.

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