AP NEWS

Global Robotics Market and Volume (Industrial and Service Robotics) Market 2009-2018 & 2018-2024 - ResearchAndMarkets.com

November 13, 2018

DUBLIN--(BUSINESS WIRE)--Nov 13, 2018--The “Global Robotics Market and Volume (Industrial and Service Robotics), Key Players Analysis - Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.

The Global Robotics Market is expected to register a CAGR of 14% over the forecast period of 2018-2024

Industrial Robotics Market Overview

The global industrial robotics market was valued at just over US$ 16 Billion in 2017, and is likely to grow at a double digit CAGR between 2018 and 2024. The demand for industrial robotics is anticipated to grow exponentially during the forecasting period driven by advantages such as cost reduction, improved quality, increased production, and improved workplace health and safety.

The adoption of automation to ensure quality production and meet market demand, and the growing demand from small- and medium-scale enterprises in developing countries is fueling the growth of industrial robotics market globally.

Industrial Robotics Market Segment Analysis

The automotive industry accounted for highest share of the industrial robotics market in 2017, followed by electrical and electronics segment. The market for industrial robotics in the electrical and electronics industry is expected to grow at double digit CAGR between 2018 and 2024. The metal industry is the third largest market for industrial robotics. Chemical, rubber and plastics industry is the fourth largest market for industrial robotics market, while food industry accounted for least share of the global industrial robotics market.

Service Robotics Market Overview

The global service robotics market was valued at over US$ 9 Billion in 2017. Service robots have witnessed widespread acceptance among various professional and personal applications owing to benefits such as enhanced usability, delivery of accurate and high-quality services, reliability, and reduced operational costs and human errors.

Service Robotics Market Segment Analysis

The global professional service robotics market was valued at close to US$ 7 Billion in 2017. In 2017, logistic application was the major industry vertical, in terms of market share, followed by medical applications. Agriculture/field robots controlled over 14% share of the professional service market in 2017. In volume terms, the logistic robots accounted for maximum share of the overall professional service robotics volume in 2017. The medical robots accounted for single digit share of the professional service robotics volume in 2015, due to expensive nature of these devices. Household robots accounted for maximum share of the personal and domestic service robotics market in 2017.

Key Topics Covered:

1. Executive Summary

2. Global Robotics Market and Forecast (2009 - 2024)

3. Global Robotics Volume and Forecast (2009 - 2024)

4. Global Robotics Market and Volume Share Analysis 2009-2024

5. Global Industrial Robotics Market Share and Forecast 2009-2024

6. Global Service Robotics Market and Volume Share Analysis (2009 - 2024)

6.1 Global Service Robotics Market Share and Forecast - By Segment

6.2 Global Professional Service Robotics Market Share and Forecast - By Segment

6.3 Global Personal and Domestic Service Robotics Market Share and Forecast - By Segment

6.4 Global Service Robotics Volume Share and Forecast - By Segment

6.5 Global Professional Service Robotics Volume Share and Forecast- By Segment

6.6 Global Personal and Domestic Service Robotics Volume Share and Forecast- By Segment

7. Global Industrial Robotics Market and Volume Forecast - By Segment (2009 - 2024)

7.1 Global Automotive Industry Robotics Market and Volume Forecast

7.2 Global Electrical/Electronics Industry Robotics Market and Volume Forecast

7.3 Global Metal Industry Robotics Market and Volume Forecast

7.4 Global Chemical, Rubber and Plastics Industry Robotics Market and Volume Forecast

7.5 Global Food Industry Robotics Market and Volume Forecast

7.6 Global Others Industry Robotics Market and Volume Forecast

7.7 Global Unspecified Industry Robotics Market and Volume Forecast

8. Global Industrial Robotics Volume and Forecast - By Region and Country Wise Distribution (2010 - 2024)

9. Global Professional Service Robotics Market and Volume Forecast - By Segment (2009 - 2024)

9.1 Global Defense Robotics Market and Volume Forecast

9.2 Global Agriculture/Field Robotics Market and Volume Forecast

9.3 Global Logistic Robotics Market and Volume Forecast

9.4 Global Medical Robotics Market and Volume Forecast

9.5 Global Construction Robotics Market and Volume Forecast

9.6 Global Mobile Platforms Robotics Market and Volume Forecast

9.7 Global Inspection Robotics Market and Volume Forecast

9.8 Global Underwater Robotics Market and Volume Forecast

9.9 Global Rescue and Security Robotics Market and Volume Forecast

9.10 Global Cleaning Robotics Market and Volume Forecast

9.11 Global Exoskeleton Robotics Market and Volume Forecast

9.12 Global Public Relation Robotics Market and Volume Forecast

9.13 Global All Others Robotics Market and Volume Forecast

10. Global Personal and Domestic Service Robotics Market and Volume Forecast - By Segment (2009 - 2024)

10.1 Global Household Robotics Market and Volume Forecast

10.2 Global Entertainment and Leisure Robotics Market and Volume Forecast

11. Key Player Analysis (2010 - 2024)

11.1 KUKA AG

11.2 Adept Technology (Acquired by OMRON)

11.3 iRobot Corporation

11.4 Intuitive Surgical

11.5 Nachi-Fujikoshi

11.6 Yaskawa Electric Corporation

12. Global Robotics Market - Growth Drivers

12.1 Growing Research and Development Expenditure

12.2 Technology Trends Shaping the Future of Robotics

12.3 Government Initiatives Drives Market for Robotics

12.4 Co-Bots Drives Robotics Industry

12.5 Improved Service, Increased Operational Efficiency and Safety

13. Global Robotics Market - Challenges

13.1 Human-Robot Interaction Challenges

13.2 The High Cost of Robots Restricts Market Growth

For more information about this report visit https://www.researchandmarkets.com/research/bhp9pg/global_robotics?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181113005870/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Robotics,Industrial Automation

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 11/13/2018 10:48 AM/DISC: 11/13/2018 10:48 AM

http://www.businesswire.com/news/home/20181113005870/en

AP RADIO
Update hourly