Global Robotics Market Growth Trends, Share, Size, Research Report And Forecast 2018-2023

Global Robotics Market Bolstered by Increasing Applications

Copyright © IMARC. All Rights Reserved

About IMARC Group

Report Description

IMARC is a leading advisor on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations.

Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

Report Description and Highlights

Report Description

Global Robotics Market Bolstered by Increasing Applications

The global robotics market has grown at a robust rate in the past few years. Two of the major growth factors have been the confluence of technological advancements and rising labour costs.

Robotics refers to the branch of technology that deals with the design, construction and operation of a robot.

This technology offers innumerable advantages such as flexibility, precision, consistency and increased production. With the technological innovations, robots have now become more advanced with better sensors, improved vision and faster processors. IMARC Group’s latest report, titled “Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, finds that the global robotics market reached a volume of 7.9 Million Units in 2017, growing at a CAGR of 23.1% during 2010-2017.

Report Description and Highlights

Report Description

Highlights of the Global Robotics Market: • • •

A growing demand for robots in the medical, defence and entertainment industry represents the primary growth driving factor.

Service robots have the highest production, accounting for the majority of the market share.

North America accounts for the majority of the global share, representing the largest market.

A growing demand for smartphones and tablets has been witnessed in the past several years. This has supplemented the process of robot development, thus, augmenting the global demand for robots. Apart from this, a rising demand for robots in the medical, defence and entertainment industry is another force that is influencing the market growth. Several other factors like increase in disposable income, urbanisation and industrialisation rates, rising labour costs as well as expanding applications of robots are also catalysing the growth. According to the report, the market is further expected to reach a volume of 23.2 Million Units by 2023.

Read more here: https://www.imarcgroup.com/robotics-market

Report Description and Highlights

Report Description

The market has been segmented on the basis of product type. Currently, service robots dominate the global robotics market accounting for the majority of the market share. On the basis of region, North America represents the largest market accounting for more than a third of the total global share. This can be attributed to the rapid adoption of new technologies coupled with increasing research and development investments in the region. The other major regions include Europe, Asia-Pacific, Latin America and Others.

Some of the key players operating in the market are ABB Group, KUKA AG, FANUC Corporation and Yaskawa Electric Corporation.

The report has examined the global robotics market on the basis of: Product type: • •

Service robots Industrial robots

Regions: • •

North America Europe

Request Sample Of The Report: https://www.imarcgroup.com/request?type=report&id=792&flag=B

Report Description and Highlights

Report Description • • •

Asia-Pacific Latin America Others

Major Manufacturers: • ABB Group • KUKA AG • FANUC Corporation • Yaskawa Electric Corporation

Browse more related reports: Cognitive Systems Market: https://www.imarcgroup.com/cognitive-systems-market Home Security System Market: https://www.imarcgroup.com/home-security-system-market

Report Description and Highlights

Report Description

Š 2017 IMARC All Rights Reserved

This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC).

Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing.

International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication.

IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

Contact Us

FOR MORE DETAILS Visit us at :

https://www.imarcgroup.com Stay With Us:

TELEPHONE: +1-631-791-1145 E-MAIL: sales@imarcgroup.com