Overview

The robotics market is anticipated to grow by US$181028.6 Million by 2024, rapidly growing at a CAGR of 28.51% during the forecast period 2018 to 2024. The global robotics market is driven by growing need for automation in industries and growth in industrial robotics. These factors have helped shape the robotics market and are expected to boost the growth. Companies in the robotics market could also face challenges such as high initial cost and maintenance and challenging early phase. The details covered in the robotics market report cover all the aspects of the industry. robotics market analysts have also shared growth projections in the report and have suggested robotics market players to plan growth strategies accordingly.

Market Segmentation

The global robotics market has been segmented based on type, mobility, and end-user. On the basis of mobility, the market for robotics is segmented based on mobile robotics and fixed robotics. Additionally, the market on the basis of type, is segmented into cartesian, SCARA, cylindrical, articulated, and parallel. The global market for robotics is also covered based on the end-user segment which is further split into entertainment, medical, logistics, field, public safety, defense, manufacturing, and others.

Factors like availability of reliable and energy efficient robots support the robotics market growth. The performance of the robotics market has also been studied for the past and current years. Additionally, the robotics market report provides analysis of these segments. The robotics market segmental analysis provided in the report offers major details about the robotics market performance and future.

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Regional Overview

Companies in the robotics market are spread across the world. The robotics market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American robotics market has many companies across the United States, Canada, and Mexico. Europe has companies in the robotics market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the robotics market across India, China, and Japan in the Asia-Pacific region is also presented in the report. The robotics market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the robotics market can be found in the market research report.

Competitive Landscape

The robotics market is supported by adoption of articulated robots as well as support from regional governments. The population growth around the world and increasing demand of robotics market based services and products also support the market growth. However, the robotics market growth can be affected due to low volume production and poor return on investment (ROI) for new companies. The report covers all such details which will help companies in the robotics market to strengthen their business plan and improve their product portfolio. The robotics market research report also provides company profiles of major companies. The company profiles of many organizations operating in the robotics market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the robotics market. New companies and established businesses can plan their strategies based on this data provided in the robotics market research report.

Industry News

In a year, a lot can change. This year particularly. The last 12 months also brought in a series of drastic shifts for Boston Dynamics that have historically not been seen in 30-year-old firms of their age. It is a list that includes the first new CEO in the history of the company, the extensive availability of the first commercial product and, most recently, in seven years, the takeover by its third owner. The Waltham, Massachusetts-based robotics pioneer last week denied earlier speculation that Hyundai was purchasing it. The South Korean tech giant will take an 80 percent stake in the company, leaving its former owner, Softbank Group, with the other 20 percent or so. The sale, which at $1.1 billion prices the 300-person firm, is scheduled to close next June.

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