The global robotics market is expected to grow to $86.20

The global robotics market is expected to grow to $86.20

NEW YORK, Nov. 30, 2022 (GLOBE NEWSWIRE) — announces the release of the report “Global Robotics Market, Size, Size, Global Forecast 2023-2027, Industry Trends, Growth, Share, Forecast, Inflation Impact, Opportunity Company Analysis” —
Industrial robots play an essential role in modern industrial automation technology. One cannot imagine moving to the next manufacturing paradigm without the involvement of industrial robots in the various stages of production. The service robot market includes many types of robots, most of which can be used for applications in multiple industries.

Many government and industry research funding programs have been launched around the world in recent years. These programs include the National Robotics Initiative in the United States, the SPARC Program in the European Union, the Robotics Revolution Initiative in Japan, the Made in China 2025 program, and the Industries 4.0 program in Germany. Most of these programs are aimed at the larger field of robotics and automation.

Industrial robots and service robots look promising future
Both industrial and service robots use many concepts of robotics technology. Therefore, these programs will undoubtedly greatly affect the future development of the robotics industry. In addition, recent technological advances in robotics and artificial intelligence have led to the introduction of IoRT, which uses hardware to combine sensor data from multiple sources and uses intelligence to determine a course of action.

As Robotics Industry 4.0 plays a pivotal role in global manufacturing, the Internet of Robotic Things will aid in more efficient and accessible ways of robotic manipulation and uptake in manufacturing jobs leading to increased use of robots. As a result, Renub Research expects the worldwide robotics market to grow at a double-digit compound annual growth rate of 15.25% from 2022 to 2027.

According to the United Nations, by 2050, 16% of the world’s population will be over the age of 65, up from 9% in 2019. Therefore, population aging is an important growth factor in the deployment of robots in domestic assistance and healthcare applications. This will lead to growth in the service robotics market. According to the results of our research, the global robotics industry will reach 42.4 billion US dollars in 2022.

Regional Analysis: Robotics Industry
The United States is the largest user of the bot in the Americas, reaching new operating inventory. Most of the American robots are imported from Europe, China and Japan. Asia remains the strongest operating stock market for industrial robots for the largest adopter in the region. Due to the high labor costs in China, it is rapidly increasing the number of robots. India is also not far behind as it has doubled the number of robots working in the country’s factories.

Companies are delivering food, and other industries are showing increased demand. Following this continued demand, the global growth of food and drug delivery robots will be observed in 2023. This increased demand and supply will also drive the demand for robots that support last-mile deliveries.

For example, in 2020, KUKA signed an agreement with BMW AG to manufacture about 5,000 robots that are deployed in new production supply lines and factories around the world. In addition, KUKA has also announced the production of industrial robots worldwide and will be deployed at the BMW Group’s international production sites for the manufacture of current and future car models.

In 2020, Shanghai SK Automation Technology Co. introduced intelligent equipment to auto manufacturers, announced an IPO on the STAR market, and raised RMB 733.15 million.

Major corporate performance
Major players in the market are expanding their client base all over the world. In addition, companies take advantage of strategic collaborative initiatives and development towards the new product to increase market revenue.

? July 2021 – ABB acquires ASTI Mobile Robotics Group, which will expand ABB’s portfolio of robotics and automation offerings and make it the only company working for the next generation of agile automation.

? April 2021 – Panasonic Corporation presented a mass production prototype of its gait training robot, designed to provide safe and effective gait training for the elderly. The company also provides robot-assisted service to care facilities, hospitals and other institutions.

The report is titled “Global Robotics Market, Size and Forecast, by Industrial Type (Automotive, Electrical and Electronics, Metals, Chemicals, Rubber and Plastics, Food), Region (America, (United States, Canada, Mexico and others) Europe (France, Germany, Italy, Spain and other countries), Asia (China, India, Japan, Republic of Korea, Thailand and others) and the rest of the world), Service (defence, agriculture, logistics, medicine, construction, mobile platform, and inspection), Region (North America, Europe, Asia and the rest of the world ), Inc. (Yaskawa Electric Corporation, iRobot, Intuitive Surgical, Fanuc Corporation, ABB Limited, Stryker Corporation, Panasonic Corporation)” provides a comprehensive assessment of the rapidly developing, global robotics industry.

The global robotics market and its size is categorized into two parts.

a. Industrial robotics market
B. Robotics Market Service

Robotics industry – market and volume
1. The automotive industry
2. Electricity and electronics industry
3. Metal industry
4. Chemicals, rubber and plastic industries
5. Food industry
6. Others
7. Not specified

Service robots – market and volume
1. Defense
2. Agriculture (field)
3. Logistics
4. Medical
5. Construction
6. Mobile platform
7. Inspection

Region – Robotics Industry Market
1. America – the United States, Canada, Mexico and other countries
2. Europe – France, Germany, Italy, Spain and other countries
3. Asia – China, India, Japan, Republic of Korea, Thailand, etc
4. The rest of the world

Area – serving the robotics market
1. North America
2. Europe
3. Asia
4. The rest of the world

All companies are covered from 3 points of view
• Summary
• New developments
• sales analysis

The company key has been analyzed
1. Yaskawa Electric Company
2. iRobot
3. Intuitive surgeon
4. Fanuc Corporation
5. ABB Limited
6. Stryker Corporation
7. Panasonic Corporation
Read the full report:

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