Commercial Robotics Market Insights, Current And Future Market Trends & Forecast Till 2027

 

The GMI Research expects the commercial robotics market to expand at a significant rate. From a regional perspective, the Asia-Pacific is expected to increase at a higher CAGR due to the strong demand for robotics technology in healthcare and defense industries and the continuous development of robotic systems in India, China, and Japan.

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Commercial Robotics Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The strong demand for automation of processes in diverse sectors that include agriculture, healthcare, marine, and defense, among other industries, is a key factor propelling the growth of the commercial robotics market size. Moreover, various benefits provided by these robots, such as improved safety of the workforce, decreased human errors, improved efficiency, and planning and search, are further augmenting the growth of the commercial robots market share in terms of revenue.

Several companies like WeRobotics, Indian Underwater Robotics Society (IURS), International Federation of Robotics (IFR), Swedish Robotics Society, Society of Robotic Surgery (SRS), and Robotic Industries Association (RIA), and among others are certain factors that are expected to drive the growth of the market worldwide. Moreover, technological advancements, including nanotechnology, artificial intelligence, cloud computing, and 3D vision technology are projected to create various new opportunities for the market in the upcoming years. On the other hand, the factor hindering the adoption of robots by small and medium commercial sectors include integration and programming of commercial robotic solutions, the increased investment needed for the initial setup.

Type Segment Drivers

Based on the type, the medical robots segment is projected to increase at a higher CAGR due to the growing integration of robotic solutions for medical transportation, critical medical surgery, laboratory testing, and sanitation in the healthcare industry. Furthermore, Xenex Germ-Zapping Robot, TUG, da Vinci Surgical Robot, CyberKnife, and PARO Therapeutic Robot are some medical robots utilized in the healthcare sector.

Commercial Robotics Market’s leading Manufacturers:

·        Yaskawa Electric Corporation

·        Northrop Grumman Corporation

·        Kuka AG

·        iRobot Corporation

·        OMRON Corporation

·        3D Robotics

·        Alphabet Inc.

·        Percepto

·        Hyundai Motor Company

·        Intuitive Surgical, Inc.

·        Analog Devices, Inc.

Commercial Robotics Market Segmentation:

Segmentation by Type:

·        Drones

·        Field Robots

·        Medical Robots

·        Autonomous Guided Robotics

·        Others

Segmentation by Application:

·        Medical and Healthcare

·        Defence and Security

·        Agriculture and Forestry

·        Marine

·        Others

Segmentation by Region:

·        North America

o   United States of America

o   Canada

 

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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