San Francisco, California, January 12, 2018 – TMR Research presents a new publication on the global top robotics market which provides valuable insights into developments in the said market over the forecast period between 2017 and 2025. The report, titled “Top Robotics Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,” examines the global top robotics market in a ground-up manner which covers demand drivers, growth trends, and technological advances to project the growth chart of this market over the aforementioned forecast period.
The report is a scientific effort that provides a quantitative and qualitative analysis of the global top robotics market for the 2017-2025 forecast period. Using standard analytical tools and proven research methodologies, analysts provide accurate insights into market size and revenue projections based in historical and current figures. Inputs received from opinion leaders corroborated the accuracy of projections and future growth trends presented in the report.
The rising demand for industrial robots with Internet of Things abilities is bringing a radical change in production lines across several industries such as automotive and electronics. Next generation robots possess attributes such as intelligence, flexibility, recognition of objects, ability to learn, and memory akin to humans. This is leading to their adoption across several industries for benefits of reduced overheads, reduce waste, and increased productivity.
The key factor driving the top robotics market is the rising demand for industrial robots not only among large enterprises, but also among small and medium-sized enterprises. The deployment of industrial robots not only automates processes, but also helps serve demand within defined timeframes keeping quality intact.
On the flip side, high upfront costs, high R&D expenses for development of industrial and service robots, unreliable performance in untested environment, and lack of a high degree of interface are some factors holding back the market’s growth.
Amongst industrial robots, the articulated product segment is likely to hold dominance over the forecast period. This is mainly because of their structural and operational capabilities. Articulated robots find extensive applications in electrical, electronics, and automotive industries.
The growth of service robots product segment, on the other hand, is driven by the adoption of mobile robotic solution for logistics and warehouse automation, process automation in healthcare industry, and automation of repetitive tasks in the education sector.
Among the key application segments, logistics currently holds the leading share in the global top robotics market and is anticipated to retain its dominant position over the forecast period. This is mainly because automated guided vehicles are being deployed in manufacturing units and warehousing depots for freight handling and inventory management.
Geography-wise, Asia Pacific is the leading regional market for industrial robots earning majority revenue contribution from China, South Korea, and Japan. The vast deployment of robotic machines in Japan and South Korea to support the escalating electronics industry in these nations is positively influencing the Asia Pacific industrial robots market. Japan is the leading domestic market for industrial robots followed by China, according to the International Federation of Robotics.
Key companies operating in the global top robotics market, which includes industrial and service types, are ABB Ltd., FANUC Corp. iRobot Corporation, Honda Motor Co. Ltd., Lely Holding S.a.r.l, Kawasaki Heavy Industries Ltd., DJI, Adept Technology Inc., The Lego Group, Mitsubishi Electric Corp., Yaskawa Electric Corp., Intuitive Surgical Inc., Aethon Inc., KUKA AG, Nachi-Fujikoshi Corp., Northrop Grumman Corporation, Parrot SA, and DeLaval International AB.
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