BANGALORE, India, May 29, 2019 /PRNewswire/ — The Robotics market was valued at 20500 Million US$ in 2018 and is projected to reach 28200 Million US$ by 2025, at a CAGR of 4.7% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Robotics.
Robotics is the interdisciplinary branch of engineering and science that includes mechanical engineering, electrical engineering, computer science, and others. Robotics deals with the design, construction, operation, and use of robots, as well as computer systems for their control, sensory feedback, and information processing.
The Robotics industry had an explosive growth in recent years. Many families and commercial enterprises or associations choose the Robotics. The reduced time for household or commercial activities is increasing the adoption of Robotics by the end-users for replacing their physical works. At present, in global, the Robotics industry is generally at a more advanced level. The world’s largest manufacturer is Fanuc which accounted for approximately 9.16% of the global revenue of cleaning robots in 2016.
Currently, China has become the largest consumption region, its output value accounted for more than 16.46% of the total output value of global Robotics market in 2016 and it is expected that China will also be the largest market in forecast period 2017-2022.
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The Key insights of the report:
- To analyze and research the global Robotics status and future forecast involving, production, revenue, consumption, historical and forecast.
- To present the key Robotics manufacturers, production, revenue, market share, and recent development.
- To split the breakdown data by regions, type, manufacturers and applications.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends, drivers, influence factors in global and regions.
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
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The key players covered in this study
- Neato Robotics
Robotics Breakdown Data by Type
- Industrial Robots
- Service Robots for Professional
- Service Robots for Personnel
Robotics Breakdown Data by Application
Robotics Consumption by Region
- North America
- Central & South America
- Middle East & Africa
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