Robotics Market Insights 2023-2029: Future Growth Prospects


Posted May 17, 2024 by falguni23

Applications span industries such as manufacturing, healthcare, logistics, agriculture, and more, while ongoing advances in AI and human-robot interaction further propel robotics'

 
Robotics Market Report Overview

The Robotics Market report amalgamates data sourced from secondary and primary research to furnish insights into a particular market segment. Combining quantitative and qualitative analysis, it spans the period from 2023 to 2030, offering a comprehensive view of the industry. Segmentation of the market enables a detailed examination of the Robotics industry from multiple perspectives. Within the Robotics market research detailed forecasts, developments, and revenue forecasts are extensively considered providing stakeholders with valuable insights into the market landscape and prospects.

Robotics Market Report Scope and Research Methodology

The Robotics market is a dynamic and growing sector in the food and cosmetics industries. The research methodology employed in evaluating the Robotics Market involves a multifaceted approach. The Robotics Market research experts gather data from primary and secondary sources. Primary research includes direct interactions with industry experts, manufacturers, suppliers, and consumers to gain insights, into market trends, consumer preferences, and product demand. Surveys and focus group discussions including collecting new data for a specific research problem are the primary research tools. Secondary research involves analyzing existing data from reputable sources such as market reports, industry publications, government agencies, and academic journals. Historical Robotics market trends, competitor analysis, regulatory frameworks, and Data analysis techniques, including statistical modeling, are applied to interpret the gathered information. This aids in making accurate market forecasts and assessing future growth prospects.

The Robotics Market research methodology also considers geographical segmentation, examining regional variations in consumer preferences and market dynamics. It takes into account factors such as climate, cultural influences, and economic conditions that impact Robotics consumption. Maximize market research methodology, combining primary and secondary research, data analysis, and regional assessment, ensures a comprehensive and reliable understanding of the Robotics Market, providing valuable insights for stakeholders, businesses, and decision-makers in these industries.

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Examination and Advancement of the Robotics Market:

Robotics Market was valued at USD 8.30 Billion in 2022 and it is expected to reach USD 65.79 Billion by 2029, exhibiting a CAGR of 34.4% during the forecast period (2023-2029). Robotics Market Regional Insights

The Robotics market report provides comprehensive coverage of regions including North America, Europe, Asia Pacific, South America, and the Middle East&Africa. It offers insights into the market trends prevalent in these regions, allowing stakeholders to understand the dynamics shaping the Robotics industry landscape. Moreover, the report conducts a detailed analysis of Robotics market size and share within the Robotics industry, offering valuable data and statistics for informed decision-making. Analysis helps businesses and investors gauge the competitive landscape and identify growth opportunities.

Robotics Market Classifications

by Type

Industrial
Service

Industrial robots are widely used across various industries for tasks such as manufacturing, assembly, and material handling. The demand for industrial robots is expected to grow steadily as industries continue to adopt automation for increased efficiency and productivity. Service robots, designed to assist humans in various tasks, are gaining popularity in sectors like healthcare, hospitality, and logistics. The growth of the service robotics market is driven by advancements in AI and sensor technologies, enabling robots to perform a broader range of functions.


by Environment

Traditional Industrial Robots
Collaborative Industrial Robots

By Environment: Traditional industrial robots operate in controlled environments and are programmed for repetitive tasks. These robots are extensively used in manufacturing settings, contributing to increased production speed and precision. Collaborative robots, or cobots, work alongside humans without the need for strict safety measures. This segment is witnessing growth due to the increasing focus on human-robot collaboration for tasks that require dexterity and adaptability.


by Application

Handling
Welding and Soldering
Assembling and Disassembling
Dispensing
Processing
Others

Handling applications involve the manipulation and transportation of materials within a manufacturing facility. The demand for robots in handling applications is driven by the need for faster and more efficient material handling processes. Robotic welding and soldering are becoming prevalent in industries like automotive and metal fabrication, offering increased precision and consistency in these critical processes. Assembling and disassembling applications involve the automation of complex tasks in manufacturing. Robotics play a crucial role in streamlining assembly lines and ensuring product quality.


by End-User

Automotive
Electrical & Electronics
Metals & Machinery
Plastics, Rubber, and Chemicals
Food & Beverages
Precision Engineering & Optics
Pharmaceuticals & Cosmetics
Others (Paper & Printing, Foundry & Forging, Ceramics & Stone, and Wood)

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The following companies are included in the market for Robotics Market:

1. Blue Ocean Robotics - Odense, Denmark
2. Brain Corporation - San Diego, California, United States
3. Fetch Robotics, Inc. - San Jose, California, United States
4. Honeywell International Inc. - Charlotte, North Carolina, United States
5. RoboAds - Dubai, United Arab Emirates
6. Siemens - Munich, Germany
7. Simbe Robotics, Inc. - San Francisco, California, United States
8. SMP Robotics - St. Petersburg, Russia
9. Xenex Disinfection Services Inc. - San Antonio, Texas, United States
10. ABB Group - Zurich, Switzerland
11. Fanuc Corporation - Yamanashi Prefecture, Japan
12. Yaskawa Electric Corporation - Kitakyushu, Japan
13. Teradyne - North Reading, Massachusetts, United States
14. KUKA AG - Augsburg, Germany
15. Mitsubishi Electric Corporation - Tokyo, Japan
16. Denso Corporation - Kariya, Aichi Prefecture, Japan
17. Kawasaki Heavy Industries Ltd. - Kobe, Japan
18. Omron Corporation - Kyoto, Japan
19. Rethink Robotics (acquired by HAHN Group) - Boston, Massachusetts, United States
20. NVIDIA - Santa Clara, California, United States
21. GrayMatter Robotics - Pittsburgh, Pennsylvania, United States
22. Arrow Electronics - Centennial, Colorado, United States
23. Carbon Robotics - San Francisco, California, United States
24. Boston Dynamics - Waltham, Massachusetts, United States
25. Symbotic Inc. - Wilmington, Massachusetts, United States

List of Contents : Robotics Market

Part 01: Executive Summary

Part 02: Scope of the Robotics Market Report

Part 03: Robotics Market Landscape

Part 04: Robotics Market Sizing

Part 05: Robotics Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Key Offerings:

Market Share, Size & Forecast by Revenue | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
PESTLE Analysis and PORTER’s Five Forces Analysis
Market Segmentation – A detailed analysis of segments and sub-segments
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Key Findings and Analyst Recommendations
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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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Issued By mmr
Country India
Categories Business
Last Updated May 17, 2024