Top Robotics Market by Industrial Robotics (Articulated, SCARA, Cylindrical, Parallel, Cartesian), Service Robotics (Logistics, Domestic, Medical, Field, Defense, Rescue and Security, Entertainment, Education, and Personal) - Global Forecast to 2022

  • ID: 4055010
  • Report
  • Region: Global
  • 135 Pages
  • Markets and Markets
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The Industrial Robotics Segment of Top Robotics Market is Expected to Grow at a CAGR of 11.92% Between 2016 And 2022 to Reach USD 79.58 Billion By 2022

FEATURED COMPANIES

  • ABB Ltd.
  • Aethon Inc.
  • DJI
  • Honda Motor Co., Ltd.
  • Intuitive Surgical, Inc.
  • Kuka Aktiengesellschaft
  • MORE

“The market of top industrial robotics expected to grow at a significant rate during the forecast period”

The industrial robotics segment of top robotics market is expected to grow at a CAGR of 11.92% between 2016 and 2022 to reach USD 79.58 billion by 2022. The major drivers for the top industrial robotics market is the increased adoption of automation and the growing demand for industrial robots from small- and medium-scale enterprises in developing countries. One of the major restraints for the growth of said market is the lack of skilled workforce to work in the automated manufacturing units.

“The top service robotics market expected to grow at a significant rate during the forecast period”

The service robotics segment of top robotics market is expected to grow at a CAGR of 15.18% between 2016 and 2022 to reach USD 23.90 billion by 2022. The increasing usage of robots across warehouse automation applications, medical and healthcare sectors, and education and research institutes; and short-to-medium-term payback period are some of the major factors driving the growth of the service robotics market worldwide. However, the growth of the market is expected to be hindered by high costs required for R&D, performance in untested environment, and lack of high-level interfacing.

“Articulated robots held the largest share of the industrial robotics market in 2015”

Articulated robots range from simple two-joint robots to complex ten-joint robots. The more joints an articulated robot has, the greater is its range of motion. Articulated robots held the largest share of the top industrial robotics market and the same trend is expected to continue in the near future. This growth of articulated robots is majorly attributed to the significant deployment of articulated robotic arms among diversified industrial applications, especially across automotive, and electrical and electronics industries.

“Market for service robotics in logistics estimated to witness the highest growth during the forecast period”

The logistics application held the largest share of the top service robotics market and is further estimated to grow at the highest rate during the forecast period. The significant deployment of automated guided vehicles (AGVs) in manufacturing facilities and warehousing units is the key factor driving the growth of the service robotics market for the logistics application. Furthermore, the market for logistics robots in the nonmanufacturing sector is expected to grow at a higher rate than that in the manufacturing sector. The demand from the nonmanufacturing sector is mainly driven by the need for logistics at hospitals or in the healthcare sector to deliver medicine, food, and other supplies.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key people in the ecosystem of top robotics market. The breakdown of primary participants for the report has been shown below:

  • By Company Type: Tier 1-50%, Tier 2-30%, and Tier 3-20%
  • By Designation: C-level Executives-70%, Directors-20%, and Others-10%
  • By Region: Americas-40%, Europe-35%, APAC-15%, and RoW-10%

The report profiles the key players in the top robotics market with their respective market ranking analysis. The major players in the top industrial robotics market include ABB Ltd. (Switzerland), KUKA AG (Germany), Mitsubishi Electric Corp. (Japan), Nachi-Fujikoshi Corp. (Japan), FANUC Corp. (Japan), Kawasaki Heavy Industries Ltd. (Japan), and Yaskawa Electric Corp. (Japan). Northrop Grumman Corporation (U.S.), iRobot Corporation (U.S.), DJI (China), Intuitive Surgical, Inc. (U.S.), Parrot SA (France), Honda Motor Co., Ltd. (Japan), Adept Technology, Inc. (U.S.), Aethon Inc. (U.S.), DeLaval International AB (Sweden), Lely Holding S.a.r.l. (Netherlands), and The LEGO Group (Denmark) are some of the key providers of service robotics segment of top robotics market.

Research Coverage:

This research report categorizes the top robotics market on the basis of type and vertical for top industrial robots, and on the basis of application segment for top service robots. The report describes market dynamics that include key drivers, restraints, challenges, and opportunities with respect to the top robotics market and forecasts the same till 2022.

The report would help leaders/new entrants in this market in the following ways:

1. This report segments the top robotics market comprehensively and provides the closest market size projection for all subsegments.
2. This report helps stakeholders understand the pulse of the market and provides them with the information on key drivers, restraints, challenges, and opportunities for market growth.
3. This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers & acquisitions.

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FEATURED COMPANIES

  • ABB Ltd.
  • Aethon Inc.
  • DJI
  • Honda Motor Co., Ltd.
  • Intuitive Surgical, Inc.
  • Kuka Aktiengesellschaft
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Package Size
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 List of Major Secondary Sources
2.1.1.2 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews With Experts
2.1.2.2 Breakdown of Primaries
2.1.2.3 Primary Sources
2.1.3 Secondary and Primary Research
2.1.3.1 Key Industry Insights
2.2 Value Chain Analysis
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.1.1 Approach for Capturing the Market Share By Bottom-Up Analysis (Demand Side)
2.3.2 Top-Down Approach
2.3.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
2.4 Market Breakdown & Data Triangulation
2.5 Research Assumptions

3 Market Overview

4 Analysis of Top Robotics Market
4.1 Introduction
4.2 Top Industrial Robotics Market
4.2.1 Market Dynamics
4.2.1.1 Drivers
4.2.1.1.1 Increased Requirement for Automation to Ensure Quality Production and Meet Market Demand
4.2.1.1.2 Growing Demand for Industrial Robots From Small- and Medium-Scale Enterprises in Developing Countries
4.2.1.2 Restraints
4.2.1.2.1 Lack of Skilled Workforce to Work in Automated Manufacturing Units
4.2.1.3 Opportunities
4.2.1.3.1 Increase in Demand for Low-Cost Industrial Robots Capable of Working in Collaboration With Humans
4.2.1.4 Challenges
4.2.1.4.1 Manufacturing Advanced Robotic Systems That Meet the Requirements of Consumers in the Era of Industrial Internet of Things (IIoT)
4.2.2 Industrial Robotics Market, By Type
4.2.2.1 Articulated Robots
4.2.2.2 Scara Robots
4.2.2.3 Parallel Robots
4.2.2.4 Cylindrical Robots
4.2.2.5 Cartesian Robots
4.2.2.6 Other Robots
4.2.3 Industrial Robotics Market, By Vertical
4.2.3.1 Automotive
4.2.3.2 Electrical & Electronics
4.2.3.3 Chemicals, Rubber, and Plastics
4.2.3.4 Metals and Machinery
4.2.3.5 Food & Beverages
4.2.3.6 Precision and Optics
4.2.3.7 Others
4.2.4 Competitive Landscape
4.2.4.1 Ranking Analysis
4.2.4.2 Competitive Situations and Trends
4.3 Top Service Robotics Market
4.3.1 Market Dynamics
4.3.1.1 Drivers
4.3.1.1.1 Short-To-Medium-Term Payback Period and High Return on Investment (RoI)
4.3.1.1.2 Increasing Use of Service Robots in Several Applications Such as Education and Research, and Defense, Rescue and Security
4.3.1.1.3 Rising Demand for Mobile Robotics in Warehouse and Logistics Automation
4.3.1.1.4 High Demand From the Medical and Healthcare Industries
4.3.1.2 Restraints
4.3.1.2.1 High Initial Costs and R&D Expenses
4.3.1.2.2 Uncertainty of Performance Under Untested Environment and Lack of High-Level Interface
4.3.1.3 Opportunities
4.3.1.3.1 Growing Demand for Drones in Military and Non-Military Applications
4.3.1.3.2 High Demand for Rehabilitation Robotics Due to Increase in Aging Population
4.3.1.3.3 Growth Potential Across Developing Nations
4.3.1.4 Challenges
4.3.1.4.1 Safe Operations While Working With Humans
4.3.1.4.2 Longer Time to Commercialize the Robots
4.3.2 Service Robotics Market, By Application
4.3.2.1 Logistics
4.3.2.2 Domestic
4.3.2.2.1 Vacuuming and Floor Cleaning
4.3.2.2.2 Lawn Mowing
4.3.2.2.3 Pool Cleaning
4.3.2.2.4 Window and Gutter Cleaning
4.3.2.3 Medical Application
4.3.2.3.1 Surgical Robots
4.3.2.3.2 Medical Robots
4.3.2.3.3 Rehabilitation Systems
4.3.2.3.4 Elderly and Handicap Assistance Robots
4.3.2.4 Field Application
4.3.2.4.1 Agriculture
4.3.2.4.2 Forestry
4.3.2.4.3 Milking
4.3.2.5 Defense, Rescue, and Security
4.3.2.5.1 Demining
4.3.2.5.2 Fire and Bomb Fighting
4.3.2.5.3 Unmanned Aerial Vehicles
4.3.2.5.4 Others
4.3.2.6 Entertainment, Education, & Personal
4.3.3 Competitive Landscape
4.3.3.1 Ranking Analysis
4.3.3.2 Competitive Situations and Trends

5 Company Profiles
(Business Overview, Products Offered, and Recent Developments)*
5.1 Introduction
5.2 Industrial Robotics
5.2.1 ABB Ltd.
5.2.2 Kuka Aktiengesellschaft
5.2.3 Mitsubishi Electric Corp.
5.2.4 Nachi-Fujikoshi Corp.
5.2.5 Fanuc Corporation
5.2.6 Kawasaki Heavy Industries Ltd.
5.2.7 Yaskawa Electric Corp.
5.3 Service Robotics
5.3.1 Northrop Grumman Corporation
5.3.2 Irobot Corporation
5.3.3 DJI
5.3.4 Intuitive Surgical, Inc.
5.3.5 Parrot SA
5.3.6 Honda Motor Co., Ltd.
5.3.7 Adept Technology, Inc.
5.3.8 Aethon Inc.
5.3.9 Delaval International AB
5.3.10 Lely Holding S.A.R.L.
5.3.11 The Lego Group

*Details on Business Overview, Products Offered, and Recent Developments Might Not Be Captured in Case of Unlisted Companies.

6 Appendix

List of Tables

Table 1 Industrial Robotics Market in Terms of Value and Volume, 2014-2022
Table 2 Industrial Robotics Market, By Type, 2014-2022 (USD Billion)
Table 3 Market for Articulated Robots in Terms of Value and Volume, 2014-2022
Table 4 Market for Scara Robots in Terms of Value and Volume, 2014-2022
Table 5 Market for Parallel Robots in Terms of Value and Volume, 2014-2022
Table 6 Market for Cylindrical Robots in Terms of Value and Volume, 2014-2022
Table 7 Market for Cartesian Robots in Terms of Value and Volume, 2014-2022
Table 8 Market for Other Robots in Terms of Value and Volume, 2014-2022
Table 9 Global Industrial Robotics Market, By Vertical, 2014-2022 (USD Billion)
Table 10 Global Industrial Robotics Market, By Vertical, 2014-2022 (Thousand Units)
Table 11 Industrial Robotics Market for Automotive Vertical, By Region, 2014-2022 (USD Million)
Table 12 Industrial Robotics Market for Electrical & Electronics Vertical, By Region, 2014-2022 (USD Million)
Table 13 Industrial Robotics Market for Chemicals, Rubber, and Plastics Vertical, By Region, 2014-2022 (USD Million)
Table 14 Industrial Robotics Market for Metals & Machinery Vertical, By Region, 2014-2022 (USD Million)
Table 15 Industrial Robotics Market for Food & Beverages Vertical, By Region, 2014-2022 (USD Million)
Table 16 Industrial Robotics Market for Precision and Optics Vertical, By Region, 2014-2022 (USD Million)
Table 17 Industrial Robotics Market for Other Verticals, By Region, 2014-2022 (USD Million)
Table 18 Ranking Analysis of Key Players in the Industrial Robotics Market in 2015
Table 19 Service Robotics Market, By Application, 2014-2022 (USD Million)
Table 20 Service Robotics Market, By Application, 2014-2022 (Thousand Units)
Table 21 Service Robotics Market for Logistics Application, By Type, 2014-2022 (USD Million)
Table 22 Service Robotics Market for Logistics Application, By Type, 2014-2022 (Units)
Table 23 Service Robotics Market for Domestic Application, By Type, 2014-2022 (USD Million)
Table 24 Service Robotics Market for Domestic Application, By Type, 2014-2022 (Thousand Units)
Table 25 Service Robotics Market for Medical Application, By Type, 2014-2022 (USD Million)
Table 26 Service Robotics Market for Medical Application, By Type, 2014-2022 (Units)
Table 27 Service Robotics Market for Field Application, By Type, 2014-2022 (USD Million)
Table 28 Service Robotics Market for Field Application, By Type, 2014-2022 (Units)
Table 29 Service Robotics Market for Defense, Rescue, & Security Application, By Type, 2014-2022 (USD Million)
Table 30 Service Robotics Market for Defense, Rescue, & Security Application, By Type, 2014-2022 (Units)
Table 31 Service Robotics Market for Entertainment, Education, & Personal Application, By Type, 2014-2022 (USD Million)
Table 32 Service Robotics Market for Entertainment, Education, & Personal Application, By Type, 2014-2022 (Thousand Units)
Table 33 Service Robotics Market in North America, By Application, 2014-2022 (USD Million)
Table 34 Top Service Robotics Market in North America, By Application, 2014-2022 (Thousand Units)
Table 35 Service Robotics Market in Europe, By Application, 2014-2022 (USD Million)
Table 36 Service Robotics Market in Europe, By Application, 2014-2022 (Thousand Units)
Table 37 Service Robotics Market in APAC, By Application, 2014-2022 (USD Million)
Table 38 Service Robotics Market in APAC, By Application, 2014-2022 (Thousand Units)
Table 39 Service Robotics Market in RoW, By Application, 2014-2022 (USD Million)
Table 40 Service Robotics Market in RoW, By Application, 2014-2022 (Thousand Units)
Table 41 Ranking Analysis of the Service Robotics Market Players, 2015

List of Figures

Figure 1 Top Robotics Market Segmentation
Figure 2 Top Robotics Market: Research Design
Figure 3 Value Chain Analysis
Figure 4 Bottom-Up Approach to Arrive at the Market Size
Figure 5 Top-Down Approach to Arrive at the Market Size
Figure 6 Data Triangulation
Figure 7 Assumptions of the Research Study
Figure 8 Logistics Robots to Hold the Largest Size of the Service Robotics Market By 2022
Figure 9 Industrial Robots Market for Articulated Robots to Grow at the Highest CAGR During the Forecast Period
Figure 10 Top Robotics Market Segmentation, By Type
Figure 11 Drivers, Restraints, Opportunities, and Challenges for the Industrial Robotics Market
Figure 12 Electrical and Electronics Vertical Expected to Grow at the Highest CAGR During the Forecast Period
Figure 13 Companies Majorly Adopted Product Launches as the Key Growth Strategy During 2014-2016
Figure 14 Market Evolution Framework-Product Launches Fueled the Market Growth in 2015
Figure 15 Battle for Market Share: Product Launches Was the Key Strategy Adopted During 2014-2016
Figure 16 Drivers, Restraints, Opportunities, and Challenges for the Service Robotics Market
Figure 17 Global Military Expenditure By Region, 2010-2015 (Billion USD)
Figure 18 World Population and Elderly Population And, 2012-2020 (Billion)
Figure 19 Service Robotics Market for Logistics Application Estimated to Grow at the Highest Rate Between 2016 and 2022
Figure 20 Companies Majorly Adopted Product Launches as the Key Growth Strategy During 2014-2016
Figure 21 Market Evolution Framework -Product Launches Fueled the Market Growth in 2015
Figure 22 Battle for Market Share: Product Launches Was the Key Strategy Adopted During 2014-2016
Figure 23 ABB Ltd.: Company Snapshot
Figure 24 Kuka Aktiengesellschaft: Company Snapshot
Figure 25 Mitsubishi Electric Corp.: Company Snapshot
Figure 26 Nachi-Fujikoshi Corp.: Company Snapshot
Figure 27 Fanuc Corporation: Company Snapshot
Figure 28 Kawasaki Heavy Industries Ltd.: Company Snapshot
Figure 29 Yaskawa Electric Corp.: Company Snapshot
Figure 30 Northrop Grumman Corporation: Company Snapshot
Figure 31 Irobot Corporation: Company Snapshot
Figure 32 Intuitive Surgical, Inc.: Company Snapshot
Figure 33 Parrot SA: Company Snapshot
Figure 34 Honda Motor Co., Ltd.: Company Snapshot
Figure 35 Adept Technology, Inc.: Company Snapshot
Figure 36 The Lego Group: Company Snapshot

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FEATURED COMPANIES

  • ABB Ltd.
  • Aethon Inc.
  • DJI
  • Honda Motor Co., Ltd.
  • Intuitive Surgical, Inc.
  • Kuka Aktiengesellschaft
  • MORE

The top robotics market for industrial robots is estimated to be valued at USD 79.58 Billion by 2022, growing at a CAGR of 11.92% during the forecast period. While, the market for top service robots is expected to reach USD 20.70 Billion by 2022, at a CAGR of 14.71% between 2016 and 2022. The major driver for the top industrial market is the increased adoption of automation and the growing demand for industrial robots from small- and medium-scale enterprises in developing countries. The service robotics segment of top robotics market is expected to grow substantially owing to factors such as high demand from medical and healthcare sectors, increasing usage of robots for education and research purposes, and short-to-medium-term payback period and high return on investment (ROI).

The market for top industrial robots has been segmented on the basis of type and vertical. Articulated robots, SCARA robots, parallel robots, cylindrical robots, and Cartesian robots are different types of industrial robots. Vertical market has been further classified into automotive industry; electrical and electronics industry; chemical, rubber, and plastic industry; metal and machinery industry; food and beverages industry; and precision and optics industry.

The market for top service robots has been segmented on the basis of different applications such as logistics robots, domestic robots, medical robots, field robots; defense, rescue, and security robots; and entertainment, education, and personal robots.

The service robotics segment of top robotics market faces some challenges associated with safety issues while working alongside humans. The high initial costs and R&D expenses, along with performance-related issues in untested environment, and lack of high-level interfacing act as some of the restraints for the service robotics market growth. One of the major restraints for the growth of the industrial robotics segment of top robotics market is the lack of skilled workforce to work in the automated manufacturing units. The major challenge faced by industrial robots is adapting to the requirement of consumers in the era of industrial Internet of Things. This report describes drivers, restraints, opportunities, and challenges pertaining to the top robotics market. Furthermore, it analyzes the current scenario and forecasts the market till 2022, including the market segmentation based on type and vertical for industrial robots, and application for service robots.

The major players in the top industrial robotics market include ABB Ltd. (Switzerland), KUKA AG (Germany), Mitsubishi Electric Corp. (Japan), Nachi-Fujikoshi Corp. (Japan), FANUC Corp. (Japan), Kawasaki Heavy Industries Ltd. (Japan), and Yaskawa Electric Corp. (Japan). Northrop Grumman Corporation (U.S.), iRobot Corporation (U.S.), DJI (China), Intuitive Surgical, Inc. (U.S.), Parrot SA (France), Honda Motor Co., Ltd. (Japan), Adept Technology, Inc. (U.S.), Aethon Inc. (U.S.), DeLaval International AB (Sweden), Lely Holding S.a.r.l. (Netherlands), and The LEGO Group (Denmark) are some of the key providers of service robots in the top robotics market.

Note: Product cover images may vary from those shown
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  • ABB Ltd.
  • Adept Technology, Inc.
  • Aethon Inc.
  • DJI
  • Delaval International AB
  • Fanuc Corporation
  • Honda Motor Co., Ltd.
  • Industrial Robotics
  • Intuitive Surgical, Inc.
  • Irobot Corporation
  • Kawasaki Heavy Industries Ltd.
  • Kuka Aktiengesellschaft
  • Lely Holding S.A.R.L.
  • Mitsubishi Electric Corp.
  • Nachi-Fujikoshi Corp.
  • Northrop Grumman Corporation
  • Parrot SA
  • The Lego Group
  • Yaskawa Electric Corp.
Note: Product cover images may vary from those shown
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