Robotics Market Overview
The global Robotics market is expected to grow at a considerable rate in the forthcoming years. Due to rising demand, a significant number of investments have been recorded in the robotics domain. According to the International Federation of Robotics' World Robotics report, demand for robots has been boosted by investments in new vehicle production capabilities and the modernization of industrial facilities. Factors like the development of energy-efficient drive systems and stiff competition in all major vehicle markets have made it possible to invest around the globe.
In Addition, various organizations throughout the world are implementing robotics automation in their warehouses to save money on labour. Due to large increases in industrial robot expenditures around the world, the automobile industry is regarded as one of the most crucial uses of industrial robots. Furthermore, the increasing number of medical robot systems-assisted surgeries is further rising the product innovation rate in the market. Moreover, the aging population is one of the key factors for the significant growth in deploying robots in domestic healthcare and assistance applications. Each of these factors is anticipated to have a definite impact on the Robotics market during the forecast period.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Type, End-User, and Region. |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | ABB Ltd, Yaskawa Electric Corporation, Denso Corporation, Fanuc Corporation, Kuka AG, Kawasaki Heavy Industries Ltd, Toshiba Corporation, Panasonic Corporation, Staubli International AG, Nachi Robotic Systems Inc., Yamaha Motor Co. Ltd, Seiko Epson Corporation, Comau SpA (Stellantis N.V), Omron Adept Technologies Inc., Intuitive Surgical Inc., Stryker Corporation. |
Covid-19 Impact on Robotics Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Robotics Market Segment Overview
According to Type, Service is one of the most prominent segments in the global Robotics market. Increased hygienic demands offered service robots a new market. As a result, many manufacturers had filed new disinfection robot registrations in 2020. Food delivery services, as well as other types of purchases, are in high demand. The global rise of food and pharmaceutical delivery robots is projected to be witnessed in 2021 as a result of this ever-increasing interest. This desire would boost the market for robots to assist with last-mile deliveries.
Robotics Market, By Type
· Industrial
· Service
Robotics Market, By End-User
- End Users of Industrial Robots
- Automotive
- Food and Beverage
- Electronics
- Other
- End-Users of Service Robots
- Logistics
- Military and Defense
- Medical and Healthcare
- Other
Robotics Market Regional Overview
Region-Wise, Asia-Pacific is one of the largest regions for the global Robotics market. Due to the widespread deployment of robotics, the Asia-Pacific region is predicted to rise at a large rate over the projection period. Furthermore, because of their enormous electronic and automobile manufacturing industries, South Korea and China are prominent in robotics adoption. In addition, governments throughout the Asia-Pacific region have been working to strengthen their healthcare infrastructure. This will encourage medical establishments in the region to use laparoscopic techniques instead of standard open surgery. Additionally, North America and Europe are two major regions for the global market. The usage of logistics systems in non-manufacturing industries has influenced warehouse solutions for large e-commerce enterprises. Hospitals that handle their logistics with the help of professional service robots also have a lot of promise. In the professional service robotics segment, nearly 90% of the logistics robots evaluated were made in Europe and North America, with only 10% made in Asia.
Robotics Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Robotics Market, Key Players
· ABB Ltd
· Yaskawa Electric Corporation
· Denso Corporation
· Fanuc Corporation
· Kuka AG
· Kawasaki Heavy Industries Ltd
· Toshiba Corporation
· Panasonic Corporation
· Staubli International AG
· Nachi Robotic Systems Inc.
· Yamaha Motor Co. Ltd
· Seiko Epson Corporation
· Comau SpA (Stellantis N.V)
· Omron Adept Technologies Inc.
· Intuitive Surgical Inc.
· Stryker Corporation
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the Robotics market?
The aging population is one of the key factors for the significant growth in deploying robots in domestic healthcare and assistance applications
Q2. Which Segments are covered in the Robotics Market report?
Type, End-User, and Region. these segments are covered in the Robotics market report
Q3. Which segment is projected to hold the largest share in the Robotics Market?
The service segment is projected to hold the largest share in the Robotics Market
Q4. Which region holds the largest share in the Robotics market?
the Asia Pacific held the largest share in the global Robotics market
Q5. Which are the prominent players in the Robotics Market?
ABB Ltd, Yaskawa Electric Corporation, Denso Corporation, Fanuc Corporation, Kuka AG, Kawasaki Heavy Industries Ltd, Toshiba Corporation, Panasonic Corporation, Staubli International AG, Nachi Robotic Systems Inc., Yamaha Motor Co. Ltd, Seiko Epson Corporation, Comau SpA (Stellantis N.V),
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Robotics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Industrial
- 5.2.2. Service
- 5.3. Market Analysis, Insights and Forecast – By End-User
- 5.3.1. End Users of Industrial Robots
- 5.3.1.1. Automotive
- 5.3.1.2. Food and Beverage
- 5.3.1.3. Electronics
- 5.3.1.4. Other
- 5.3.2. End-Users of Service Robots
- 5.3.2.1. Logistics
- 5.3.2.2. Military and Defense
- 5.3.2.3. Medical and Healthcare
- 5.3.2.4. Other
- 5.3.1. End Users of Industrial Robots
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Robotics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Industrial
- 6.2.2. Service
- 6.3. Market Analysis, Insights and Forecast – By End-User
- 6.3.1. End Users of Industrial Robots
- 6.3.1.1. Automotive
- 6.3.1.2. Food and Beverage
- 6.3.1.3. Electronics
- 6.3.1.4. Other
- 6.3.2. End-Users of Service Robots
- 6.3.2.1. Logistics
- 6.3.2.2. Military and Defense
- 6.3.2.3. Medical and Healthcare
- 6.3.2.4. Other
- 6.3.1. End Users of Industrial Robots
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Robotics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Industrial
- 7.2.2. Service
- 7.3. Market Analysis, Insights and Forecast – By End-User
- 7.3.1. End Users of Industrial Robots
- 7.3.1.1. Automotive
- 7.3.1.2. Food and Beverage
- 7.3.1.3. Electronics
- 7.3.1.4. Other
- 7.3.2. End-Users of Service Robots
- 7.3.2.1. Logistics
- 7.3.2.2. Military and Defense
- 7.3.2.3. Medical and Healthcare
- 7.3.2.4. Other
- 7.3.1. End Users of Industrial Robots
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Robotics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Industrial
- 8.2.2. Service
- 8.3. Market Analysis, Insights and Forecast – By End-User
- 8.3.1. End Users of Industrial Robots
- 8.3.1.1. Automotive
- 8.3.1.2. Food and Beverage
- 8.3.1.3. Electronics
- 8.3.1.4. Other
- 8.3.2. End-Users of Service Robots
- 8.3.2.1. Logistics
- 8.3.2.2. Military and Defense
- 8.3.2.3. Medical and Healthcare
- 8.3.2.4. Other
- 8.3.1. End Users of Industrial Robots
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Robotics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Industrial
- 9.2.2. Service
- 9.3. Market Analysis, Insights and Forecast – By End-User
- 9.3.1. End Users of Industrial Robots
- 9.3.1.1. Automotive
- 9.3.1.2. Food and Beverage
- 9.3.1.3. Electronics
- 9.3.1.4. Other
- 9.3.2. End-Users of Service Robots
- 9.3.2.1. Logistics
- 9.3.2.2. Military and Defense
- 9.3.2.3. Medical and Healthcare
- 9.3.2.4. Other
- 9.3.1. End Users of Industrial Robots
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. ABB Ltd
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Yaskawa Electric Corporation
- 10.6. Denso Corporation
- 10.7. Fanuc Corporation
- 10.8. Kuka AG
- 10.9. Kawasaki Heavy Industries Ltd
- 10.10. Toshiba Corporation
- 10.11. Panasonic Corporation
- 10.12. Staubli International AG
- 10.13. Nachi Robotic Systems Inc.
- 10.14. Yamaha Motor Co. Ltd
- 10.15. Seiko Epson Corporation
- 10.16. Comau SpA (Stellantis N.V)
- 10.17. Omron Adept Technologies Inc.
- 10.18. Intuitive Surgical Inc.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
