Top Robotics Market by Top Industrial Robotics (Articulated, SCARA, Cartesian, Parallel, and Collaborative), Top Service Robotics (Logistics, Domestic, Medical, Field, and Defense, Rescue, & Security) - Global Forecast to 2023

  • ID: 4530285
  • Report
  • Region: Global
  • 194 Pages
  • Markets and Markets
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Top Industrial Robotics Market Expected to Grow from USD 44.02 Billion in 2018 to USD 69.14 Billion by 2023, at a CAGR of 9.45%

FEATURED COMPANIES

  • 3DR
  • Denso
  • Geckosystems
  • Irobot
  • Kuka
  • Northrop Grumman
  • MORE

"Top robotics market expected to grow at a significant rate between 2018 and 2023"

The top industrial robotics market is expected to grow from USD 44.02 billion in 2018 to USD 69.14 billion by 2023, at a CAGR of 9.45% during the forecast period; the top service robotics market is expected to grow from USD 11.27 billion in 2018 to USD 29.76 billion by 2023, at a CAGR of 21.44% during the forecast period. Major drivers for top industrial robotics market are increasing adoption of automation and growing demand from small and medium-sized enterprises (SMEs) in developing countries.

High adoption of robots for personal use, such as companionship and entertainment, and increase in the demand from medical and healthcare sectors are some of the key factors driving the growth of the top service robotics market. However, one of the major factors restraining the growth of the top industrial robotics market is the high overall cost of installation for low-volume production applications. Performance of service robots in untested environments and the lack of high-level interfacing are the major factors restraining the growth of the top service robotics market.

"Top industrial robotics market for collaborative robots to grow at a high rate between 2018 and 2023"

The top industrial robotics market for collaborative robots is expected to grow at a significant rate between 2018 and 2023. The collaborative robots have a good return on investment (ROI) because they are easy to install and simple to program, and are well accepted by workers. These robots are being adopted at a significant rate owing to their safety features and advantages over industrial robots to perform certain tasks in various industries, and the rate of adoption is expected to grow during the forecast period.

"Domestic applications to hold the largest share of the top service robotics market in 2018"

Domestic applications are expected to hold the largest share of the top service robotics market in 2018. Growing demand for domestic robots for domestic applications such as vacuum cleaning and lawn mowing is the key factor driving the growth of the market. However, the market for entertainment, education, and personal applications is expected to grow at the highest rate during the forecast period. The increasing number of working officials across the world is expected to put forth a need for service robots for providing companionship to the elderly and toddlers.

"APAC to hold the largest share of the top industrial robotics market in 2018"

APAC is expected to hold the largest share of the top industrial robotics market in 2018. The low cost of production, enabling various manufacturers to set up their manufacturing units in APAC, especially in countries such as China, South Korea, and India. Automating plant capabilities is another key trend adopted by manufacturers, which has boosted the demand for industrial robots in APAC.  However, Europe is expected to hold the second largest share of the top industrial robotics market in 2018.

Breakdown of profile of primary participants:

  • By Company Type: Tier 1 = 35%, Tier 2 = 45%, and Tier 3 = 20%
  • By Designation: C-level Executives = 35%, Directors = 25%, and Others = 40%
  • By Region: North America = 45%, Europe = 20%, APAC = 30%, and RoW = 5%

ABB (Switzerland), KUKA (Germany), Mitsubishi (Japan), Fanuc (Japan), Kawasaki Heavy Industries (Japan), Denso (Japan), Omron Adept Technologies (US), Nachi-Fujikoshi (Japan), and Yaskawa (Japan) are some of the major companies dominating the top industrial robotics market. Northrop Grumman (US), Honda Motor (Japan), iRobot (US), DJI (China), 3DR (US), Intuitive Surgical (US), Samsung Electronics (South Korea), Parrot (France), GeckoSystems (US), Kongsberg Maritime (Norway), and DeLaval (Sweden) are some of the major companies dominating the top service robotics market.

Research Coverage

Top robotics market refers to industrial and service robots that currently dominate the overall robotics market and hold significant potential for future diffusion and deployment across diversified application verticals. The top industrial robotics market has been segmented on the basis of type, industry, and geography. Depending on the type of robots, the market has been segmented into articulated robots, SCARA robots, Cartesian robots, parallel robots, and collaborative robots (cobots). The top industrial robotics market has been segmented on the basis of industry into automotive; electrical and electronics; chemicals, rubber, and plastics; metals and machinery; food & beverages; precision engineering and optics; pharmaceuticals and cosmetics; and others (oil & gas; paper and printing; foundry and forging; ceramics and stone; construction; textiles and clothing; supply chain management; and wood).

The top service robotics market has been segmented on the basis of type, application, and geography. The report also forecasts the size of the top industrial robotics market and top service robotics market in 4 main regions-North America, Europe, APAC, and RoW.

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

1. This report segments the top industrial robotics market and top service robotics market comprehensively and provides the closest approximations of the overall market size and that of the subsegments across different industries, applications, and regions.

2. The report helps stakeholders understand the pulse of the market and provides them the information on key market drivers, restraints, challenges, and opportunities.

3. This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business. The competitive landscape section includes competitor ecosystem, and product launches, partnerships, and mergers & acquisitions carried out in the top industrial robotics market and top service robotics market.

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 3DR
  • Denso
  • Geckosystems
  • Irobot
  • Kuka
  • Northrop Grumman
  • MORE

1 Introduction
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
           2.1.3 Secondary and Primary Research
                    2.1.3.1 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary

4 Premium Insights
    4.1 Attractive Market Opportunities in Top Robotics Market
    4.2 Top Robotics Market, By Robotics Type
    4.3 Top Industrial Robotics Market, By Industry and Top Service Robotics Market, By Application
    4.4 Top Robotics Market, Geographic Analysis
    4.5 Top Industrial Robotics Market, By Country
    4.6 Top Service Robotics Market, By Country

5 Top Robotics Market, By Robotics Type
    5.1 Introduction
    5.2 Top Industrial Robotics
    5.3 Top Service Robotics

6 Market Overview of Top Industrial Robotics Market
    6.1 Introduction
    6.2 Market Dynamics
           6.2.1 Drivers
                    6.2.1.1 Increase in Investments for Automation in Industries
                    6.2.1.2 Growing Demand From SMEs in Developing Countries
           6.2.2 Restraints
                    6.2.2.1 High Overall Installation Cost for Low-Volume Production Applications
           6.2.3 Opportunities
                    6.2.3.1 Increase in Demand for Low-Cost Industrial Robots Capable of Working in Collaboration With Humans
           6.2.4 Challenges
                    6.2.4.1 Manufacturing Advanced Robotic Systems to Meet Customer Requirements in the Era of Iiot
                    6.2.4.2 Addressing the Need to Safely Handle Industrial-Grade Operations
    6.3 Value Chain Analysis
    6.4 Technology Trends

7 Top Industrial Robotics Market, By Type
    7.1 Introduction
    7.2 Articulated Robots
    7.3 Scara Robots
    7.4 Parallel Robots
    7.5 Cartesian Robots
    7.6 Collaborative Robots

8 Top Industrial Robotics Market, By Industry
    8.1 Introduction
    8.2 Automotive
    8.3 Electrical and Electronics
    8.4 Metals and Machinery
    8.5 Chemicals, Rubber, and Plastics
    8.6 Food & Beverages
    8.7 Precision Engineering and Optics
    8.8 Pharmaceuticals and Cosmetics
    8.9 Others

9 Geographic Analysis of Top Industrial Robotics Market
    9.1 Introduction
    9.2 North America
           9.2.1 US
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Europe
           9.3.1 Germany
           9.3.2 Italy
           9.3.3 Spain
           9.3.4 France
           9.3.5 UK
           9.3.6 Rest of Europe
    9.4 APAC
           9.4.1 China
           9.4.2 South Korea
           9.4.3 Japan
           9.4.4 Taiwan
           9.4.5 Thailand
           9.4.6 India
           9.4.7 Rest of APAC
    9.5 RoW
           9.5.1 Middle East and Africa
           9.5.2 South America

10 Competitive Landscape of Top Industrial Robotics Market
     10.1 Introduction
     10.2 Top Industrial Robotics Market Ranking Analysis, 2017
     10.3 Competitive Situations and Trends
             10.3.1 Product Launches
             10.3.2 Partnerships and Collaborations
             10.3.3 Expansions
             10.3.4 Contracts and Agreements
             10.3.5 Acquisitions

11 Market Overview of Top Service Robotics Market
     11.1 Introduction
     11.2 Market Dynamics
             11.2.1 Drivers
                        11.2.1.1 High Adoption of Robots for Personal Use
                        11.2.1.2 Increasing Demand From Medical and Healthcare Sectors
             11.2.2 Restraints
                        11.2.2.1 Performance in Untested Environment and Lack of High-Level Interfacing
             11.2.3 Opportunities
                        11.2.3.1 Focus on Developing Robots With Special Features to Add Value
                        11.2.3.2 Increasing Geriatric Population Worldwide Boosting Demand for Service Robots for Elderly Assistance
             11.2.4 Challenges
                        11.2.4.1 Safety Concerns While Working With Humans
     11.3 Value Chain Analysis
     11.4 Technology Trends

12 Top Service Robotics Market, By Type
     12.1 Introduction
     12.2 Professional Robots
     12.3 Personal and Domestic Robots

13 Top Service Robotics Market, By Application
     13.1 Introduction
     13.2 Domestic
             13.2.1 Floor-Cleaning Robots
             13.2.2 Lawn-Cleaning Robots
             13.2.3 Pool-Cleaning Robots
             13.2.4 Window-Cleaning Robots
             13.2.5 Others
     13.3 Entertainment, Education, and Personal
             13.3.1 Entertainment Robots
             13.3.2 Education Robots
             13.3.3 Personal Robots
     13.4 Defense, Rescue, and Security
             13.4.1 Demining Robots
             13.4.2 Fire and Bomb Fighting Robots
             13.4.3 Unmanned Aerial Vehicles
             13.4.4 Others
     13.5 Field
             13.5.1 Milking Robots
             13.5.2 Agriculture Robots
             13.5.3 Forestry
     13.6 Medical
             13.6.1 Surgery Assistance Robots
             13.6.2 Diagnostic Robots
             13.6.3 Other Medical Robots
     13.7 Public Relations and Inspection
             13.7.1 Telepresence Robots
             13.7.2 Inspection and Maintenance Robots
     13.8 Logistics
     13.9 Human Exoskeleton
     13.10 Construction

14 Geographic Analysis of Top Service Robotics Market
     14.1 Introduction
     14.2 North America
             14.2.1 US
             14.2.2 Canada
             14.2.3 Mexico
     14.3 Europe
             14.3.1 UK
             14.3.2 Germany
             14.3.3 France
             14.3.4 Rest of Europe
     14.4 APAC
             14.4.1 Japan
             14.4.2 China
             14.4.3 India
             14.4.4 South Korea
             14.4.5 Rest of APAC
     14.5 RoW
             14.5.1 Middle East & Africa
             14.5.2 South America

15 Competitive Landscape of Top Service Robotics Market
     15.1 Introduction
     15.2 Top Service Robotics Market Ranking Analysis, 2017
     15.3 Competitive Situations and Trends
             15.3.1 Product Launches
             15.3.2 Partnerships and Collaborations
             15.3.3 Expansions
             15.3.4 Contracts and Agreements
             15.3.5 Acquisitions

16 Company Profiles
     16.1 Key Players
(Business Overview, Products Offered, Recent Developments, View, SWOT Analysis)*
             16.1.1 ABB
             16.1.2 Fanuc
             16.1.3 Kuka
             16.1.4 Yaskawa
             16.1.5 Northrop Grumman
             16.1.6 Honda Motor
             16.1.7 Kawasaki Heavy Industries
             16.1.8 Irobot
             16.1.9 DJI
             16.1.10 3DR
*Business Overview, Products Offered, Recent Developments, View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.
     16.2 Other Key Players
             16.2.1 Intuitive Surgical
             16.2.2 Samsung Electronics
             16.2.3 Nachi-Fujikoshi
             16.2.4 Mitsubishi
             16.2.5 Denso
             16.2.6 Omron Adept Technologies
             16.2.7 Parrot
             16.2.8 Geckosystems
             16.2.9 Kongsberg Maritime
             16.2.10 Delaval
             16.2.11 Universal Robots
             16.2.12 Rethink Robotics

List of Tables
Table 1 Top Robotics Market, By Robotics Type, 2015-2023 (USD Billion)
Table 2 Top Robotics Market, By Type, 2015-2023 (Units)
Table 3 Introduction of Customized Robots Leading Trend in Top Industrial Robotics Market
Table 4 Top Industrial Robotics Market, By Type, 2015-2023 (USD Million)
Table 5 Top Industrial Robotics Market, By Type, 2015-2023 (Units)
Table 6 Top Industrial Robotics Market for Articulated Robots, By Industry, 2015-2023 (USD Million)
Table 7 Top Industrial Robotics Market for Articulated Robots, By Industry, 2015-2023 (Units)
Table 8 Top Industrial Robotics Market for Scara Robots, By Industry, 2015-2023 (USD Million)
Table 9 Top Industrial Robotics Market for Scara Robots, By Industry, 2015-2023 (Units)
Table 10 Top Industrial Robotics Market for Parallel Robots, By Industry, 2015-2023 (USD Million)
Table 11 Top Industrial Robotics Market for Parallel Robots, By Industry, 2015-2023 (Units)
Table 12 Top Industrial Robotics Market for Cartesian Robots, By Industry, 2015-2023 (USD Million)
Table 13 Top Industrial Robotics Market for Cartesian Robots, By Industry, 2015-2023 (Units)
Table 14 Top Industrial Robotics Market for Collaborative Robots, By Industry, 2015-2023 (USD Million)
Table 15 Top Industrial Robotics Market for Collaborative Robots, By Industry, 2015-2023 (Units)
Table 16 Top Industrial Robotics Market, By Industry, 2015-2023 (USD Million)
Table 17 Top Industrial Robotics Market, By Industry, 2015-2023 (Units)
Table 18 Top Industrial Robotics Market for Automotive Industry, By Region, 2015-2023 (Units)
Table 19 Top Industrial Robotics Market for Electrical and Electronics Industry, By Region, 2015-2023 (Units)
Table 20 Top Industrial Robotics Market for Metals and Machinery Industry, By Region, 2015-2023 (Units)
Table 21 Top Industrial Robotics Market for Plastics, Rubber, and Chemicals Industries, By Region, 2015-2023 (Units)
Table 22 Top Industrial Robotics Market for Food & Beverages Industry, By Region, 2015-2023 (Units)
Table 23 Top Industrial Robotics Market for Precision Engineering and Optics Industry, By Region, 2015-2023 (Units)
Table 24 Top Industrial Robotics Market for Pharmaceuticals and Cosmetics Industry, By Region, 2015-2023 (Units)
Table 25 Top Industrial Robotics Market for Other Industries, By Region, 2015-2023 (Units)
Table 26 Top Industrial Robotics Market, By Region, 2015-2023 (USD Billion)
Table 27 Top Industrial Robotics Market, By Region, 2015-2023 (Units)
Table 28 Top Industrial Robotics Market in North America, By Country, 2015-2023 (Units)
Table 29 Top Industrial Robotics Market in Europe, By Country, 2015-2023 (Units)
Table 30 Top Industrial Robotics Market in APAC, By Country, 2015-2023 (Units)
Table 31 Top Industrial Robotics Market in RoW, By Region, 2015-2023 (Units)
Table 32 Top Industrial Robotics Market Ranking, 2017
Table 33 Product Launches, 2015-2017
Table 34 Partnerships and Collaborations, 2015-2017
Table 35 Expansions, 2015-2017
Table 36 Contracts and Agreements, 2015-2017
Table 37 Acquisitions, 2015-2017
Table 38 Growth of Telepresence and Humanoid Robots Leading Trend in Top Service Robotics Market
Table 39 Top Service Robotics Market, By Type, 2015-2023 (USD Billion)
Table 40 Top Service Robotics Market, By Type, 2015-2023 (Thousand Units)
Table 41 Top Service Robotics Market for Professional Robots, By Application, 2015-2023 (USD Million)
Table 42 Top Service Robotics Market for Professional Robots, By Application, 2015-2023 (Units)
Table 43 Top Service Robotics Market for Personal and Domestic Robots, By Application, 2015-2023 (USD Million)
Table 44 Top Service Robots Market for Personal and Domestic Robots, By Application, 2015-2023 (Thousand Units)
Table 45 Top Service Robotics Market, By Application, 2015-2023 (USD Million)
Table 46 Top Service Robotics Market, By Application, 2015-2023 (Units)
Table 47 Top Service Robotics Market for Domestic Applications, By Type, 2015-2023 (Thousand Units)
Table 48 Top Service Robotics Market for Domestic Applications, By Region, 2015-2023 (USD Million)
Table 49 Top Service Robotics Market for Entertainment, Education, and Personal Applications, By Type, 2015-2023 (Thousand Units)
Table 50 Top Service Robotics Market for Entertainment, Education, and Personal Applications, By Region, 2015-2023 (USD Million)
Table 51 Top Service Robotics Market for Defense, Rescue, and Security Applications, By Type, 2015-2023 (Units)
Table 52 Top Service Robotics Market for Defense, Rescue, and Security Applications, By Region, 2015-2023 (USD Million)
Table 53 Top Service Robotics Market for Field Applications, By Type, 2015-2023 (Units)
Table 54 Top Service Robotics Market for Field Applications, By Region, 2015-2023 (USD Million)
Table 55 Top Service Robotics Market for Medical Applications, By Type, 2015-2023 (Units)
Table 56 Top Service Robotics Market for Medical Applications, By Region, 2015-2023 (USD Million)
Table 57 Top Service Robotics Market for Public Relations and Inspection Applications, By Type, 2015-2023 (Units)
Table 58 Top Service Robotics Market for Public Relations and Inspection Applications, By Region, 2015-2023 (USD Million)
Table 59 Top Service Robotics Market for Logistics Applications, By Type, 2015-2023 (Units)
Table 60 Top Service Robotics Market for Logistics Applications, By Region, 2015-2023 (USD Million)
Table 61 Top Service Robotics Market for Exoskeleton Applications, By Type, 2015-2023 (Units)
Table 62 Top Service Robotics Market for Exoskeleton Applications, By Region, 2015-2023 (USD Million)
Table 63 Top Service Robotics Market for Construction Applications, By Type, 2015-2023 (Units)
Table 64 Top Service Robotics Market for Construction Applications, By Region (USD Million)
Table 65 Top Service Robotics Market, By Region, 2015-2023 (USD Million)
Table 66 Top Service Robotics Market in North America, By Country, 2015-2023 (USD Million)
Table 67 Top Service Robotics Market in Europe, By Country, 2015-2023 (USD Million)
Table 68 Top Service Robotics Market in APAC, By Country, 2015-2023 (USD Million)
Table 69 Top Service Robotics Market in RoW, By Region, 2015-2023 (USD Million)
Table 70 Top Service Robotics Market Ranking, 2017
Table 71 Product Launches, 2015-2017
Table 72 Partnerships and Collaborations, 2015-2017
Table 73 Expansions, 2015-2017
Table 74 Contracts and Agreements, 2015-2017
Table 75 Acquisitions, 2015-2017

List of Figures
Figure 1 Segmentation of Top Robotics Market
Figure 2 Top Robotics Market: Research Design
Figure 3 Top Robotics Market: Bottom-Up Approach
Figure 4 Top Robotics Market: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Top Service Robotics Market to Grow at Higher CAGR During Forecast Period
Figure 7 Articulated Robots to Hold Largest Share of Top Industrial Robotics Market in 2018
Figure 8 Professional Robots to Hold Largest Share of Top Service Robotics Market in 2018
Figure 9 Top Industrial Robotics Market for Automotive Industry to Register Largest Shipment in 2018
Figure 10 Top Service Robotics Market for Entertainment, Education, and Personal Applications to Grow at Highest CAGR During Forecast Period
Figure 11 APAC to Hold Largest Share of Top Industrial Robotics Market in 2018
Figure 12 APAC to Hold Largest Share of Top Service Robotics Market in 2018
Figure 13 Increasing Adoption of Robots for Personal Use to Drive Growth of Top Robotics Market During Forecast Period
Figure 14 Top Industrial Robotics to Hold Larger Share of Top Robotics Market in 2018
Figure 15 Automotive Industry to Hold Largest Share of Top Industrial Robotics Market in 2018
Figure 16 APAC to Hold Largest Share of Top Industrial Robotics Market and Top Service Robotics Market in 2018
Figure 17 China to Hold Largest Share of Top Industrial Robotics Market in 2018
Figure 18 US to Hold Largest Share of Top Service Robotics Market in 2018
Figure 19 Top Service Robotics Market Expected to Grow at Higher CAGR During Forecast Period
Figure 20 Increase in Investments for Automation in Industries Driving Top Industrial Robotics Market
Figure 21 Top Industrial Robotics Value Chain Analysis: R&D Stage Contributes Maximum Value
Figure 22 Top Industrial Robotics Market for Collaborative Robots to Grow at Highest CAGR During Forecast Period
Figure 23 Representation of A 6-Axis Articulated Robot
Figure 24 Representation of A 4-Axis Scara Robot
Figure 25 Representation of A Parallel Robot
Figure 26 Representation of A Cartesian Robot
Figure 27 More Than 220 Thousand Units of Collaborative Robots to Be Shipped By 2023
Figure 28 Top Industrial Robots Market for Food & Beverages Industry to Grow at Highest CAGR During Forecast Period
Figure 29 Automotive Industry to Hold Largest Share of Top Industrial Robotics Market in 2018
Figure 30 Increasing Shipment of Industrial Robots to Electrical and Electronics Industry, 2015-2023
Figure 31 Metals and Machinery Industry: Annual Shipment of Industrial Robots to Grow By 156% in 2023 Over 2018
Figure 32 Chemicals, Rubber, and Plastics Industry: Annual Shipment of Industrial Robots to Be More Than Twice By 2023 Over 2018
Figure 33 Food & Beverages Industry: Annual Shipment of Collaborative Robots to Exceed All Other Industrial Robots By 2023
Figure 34 Top Industrial Robotics Market in APAC Expected to Grow at Significant CAGR During Forecast Period
Figure 35 North America: Snapshot of Top Industrial Robotics Market
Figure 36 Europe: Snapshot of Top Industrial Robotics Market
Figure 37 Number of Shipments of Top Industrial Robots in Rest of Europe to Be Doubled By 2023 Over 2018
Figure 38 APAC: Snapshot of Top Industrial Robotics Market
Figure 39 Number of Shipments of Top Industrial Robots in RoW to Cross 35,000 Units By 2023
Figure 40 Players in the Top Industrial Robotics Market Adopted Product Launches as Their Key Growth Strategy Between January 2015 and 2017
Figure 41 Product Launches, Partnerships, and Collaborations Emerged as Key Business Strategies Adopted By Market Players Between 2015 and 2017
Figure 42 Increasing Demand From Medical and Healthcare Sectors Driving Growth of Top Service Robotics Market
Figure 43 Population Aged 65 Years and Above to Reach 1 Billion By 2030
Figure 44 Value Chain Analysis of Service Robots Ecosystem: R&D and Manufacturing Phases Contribute Maximum Value
Figure 45 Number of Shipments of Personal and Domestic Robots to Cross 32 Million Units By 2023
Figure 46 Top Service Robotics Market for Entertainment, Education, and Personal Applications to Grow at Highest CAGR During Forecast Period
Figure 47 Entertainment Robots to Hold Largest Share of Top Service Robotics Market for Entertainment, Education, and Personal Applications During Forecast Period
Figure 48 Milking Robots to Dominate Top Service Robotics Market for Field Applications During Forecast Period
Figure 49 Top Service Robotics Market for Public Relations and Inspection Applications in APAC to Grow at Highest CAGR During Forecast Period
Figure 50 Roadwork Robots Expected to Dominate Top Service Robotics Market for Construction Applications During Forecast Period
Figure 51 Top Service Robotics Market in APAC to Grow at Highest CAGR During Forecast Period
Figure 52 North America: Snapshot of Top Service Robotics Market
Figure 53 Europe: Snapshot of Top Service Robotics Market
Figure 54 APAC: Snapshot of Top Service Robotics Market
Figure 55 Top Service Robotics Market in Middle East and Africa to Grow at A Higher CAGR During Forecast Period
Figure 56 Players in the Top Service Robotics Market Adopted Product Launches as Their Key Growth Strategy Between January 2015 and 2017
Figure 57 Product Launches, Partnerships, and Collaborations Emerged as Key Business Strategies Adopted By Players in Top Service Robotics Market Between 2015 and 2017
Figure 58 ABB: Company Snapshot
Figure 59 Fanuc: Company Snapshot
Figure 60 Kuka: Company Snapshot
Figure 61 Yaskawa: Company Snapshot
Figure 62 Northrop Grumman: Company Snapshot
Figure 63 Honda Motor: Company Snapshot
Figure 64 Kawasaki Heavy Industries: Company Snapshot
Figure 65 Irobot: Company Snapshot

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 3DR
  • Denso
  • Geckosystems
  • Irobot
  • Kuka
  • Northrop Grumman
  • MORE

The top industrial robotics market is expected to grow from USD 44.02 Billion in 2018 to USD 69.14 Billion by 2023, at a CAGR of 9.45% during the forecast period; the top service robotics market is expected to grow from USD 11.27 Billion in 2018 to USD 29.76 Billion by 2023, at a CAGR of 21.44% during the forecast period. The growth of the top robotics market is driven by factors such increasing demand for service robots from medical and healthcare sectors, and growing investments for automation in various industries.

Articulated robots are expected to hold the largest share of the top industrial robotics market in 2018 owing to increased payload capacity, work envelope, reliability, and speed. Articulated robots are used in several applications, including welding, painting, assembly, packaging, palletizing, depalletizing, machine tending, sealing, gluing, cutting, cleaning, deburring, die casting, grinding, polishing, material handling, case packing, pick and place, pre-machining, and press brake tending. However, the market for collaborative robots is expected to grow at the highest rate during the forecast period.

Among all industries, the metals and machinery industry has been among the versatile industries for automation solutions. It performs several functions ranging from small details to higher performance in complex tasks. With growing demand for machines in industries, such as agriculture, packaging, and manufacturing, for various applications, the top industrial robots market for the metals and machinery industry is expected to grow at the highest rate during the forecast period. However, the automotive industry is expected to hold the largest share of the top industrial robotics market in 2018.

Professional robots are expected to hold the largest share of the top service robotics market in 2018. The major factors driving the market for professional robots include the integration of service robots with various technologies, increase in demand for warehouse automation, short- to medium-term payback period, and high return on investment (ROI). However, the market for personal and domestics robots is expected to grow at a higher rate during the forecast period.

Among all applications, domestic applications are expected to hold the largest share of the top service robotics market in 2018. Growing demand for domestic robots for domestic applications such as vacuum cleaning and lawn mowing is the key factor driving the growth of the market. However, the market for entertainment, education, and personal applications is expected to grow at the highest rate during the forecast period. The increasing number of working officials across the world is expected to put forth a need for service robots for providing companionship to the elderly and toddlers.

Top Robotics Market

Top robotics market refers to industrial and service robots that currently dominate the overall robotics market and hold significant potential for future diffusion and deployment across diversified application verticals. Despite the high rate of adoption of industrial robots in SMEs, there still exist restraints for the adoption of industrial robots for low-volume production. As industrial robots are designed as per the requirements of the application, it is an inevitable process of modifying or reconfiguring industrial robots every time the application is changed. The cost of reconfiguration and reinstallation of robots is high for lower volume production. Hence, high overall installation cost for low-volume production applications is a key factor that restraints the growth of the top industrial robotics market. For top service robotics market, the performance of service robots in untested environments and the lack of high-level interfacing are the major factors restraining the growth of the market.

FANUC strengthened its united efforts to attain stability and prosperity in its business as well as deepen the trust of customers in its products and services. It implements its slogan of "Reliable/Predictable/Easy to Repair" in product development to reduce the downtime of its customers and improve operability. Due to relatively slow growth in the automotive industry in China, Japan, and European countries, FANUC has come up with the strategy of establishing business divisions for each product line consisting of factory automation (FA), robots, and RoboMachines. FANUC has been consistently focusing on R&D to maintain its competitive edge. In 2015, it introduced new products such as CR-35Ia, M 710iC/12L, and M- 710iC/45M. FANUC continues to enhance its productivity in manufacturing through robotization, i.e., it manufactures all of its products in highly automated factories.

Note: Product cover images may vary from those shown
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  • 3DR
  • ABB
  • DJI
  • Delaval
  • Denso
  • Fanuc
  • Geckosystems
  • Honda Motor
  • Intuitive Surgical
  • Irobot
  • Kawasaki Heavy Industries
  • Kongsberg Maritime
  • Kuka
  • Mitsubishi
  • Nachi-Fujikoshi
  • Northrop Grumman
  • Omron Adept Technologies
  • Parrot
  • Rethink Robotics
  • Samsung Electronics
  • Universal Robots
  • Yaskawa
Note: Product cover images may vary from those shown
6 of 4
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