Global Robotics Market to Reach 37 Million Units by 2025, Stimulated by Increasing Utilization in Various Industries

Global Robotics Market to Reach 37 Million Units by 2025, Stimulated by Increasing Utilization in Various Industries
the global robotics market size reached a volume of 12 Million Units in 2019, growing at CAGR of 22.2% during 2014-2019.

As per the latest report by IMARC Group, titled “Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global robotics market size reached a volume of 12 Million Units in 2019, growing at CAGR of 22.2% during 2014-2019. Robotics is a field of engineering that deals with the manufacturing, operation, handling, design and conception of robots. A robot is a machine that can automatically perform a set of complex activities. It can either be embedded with the control system or can be guided by an external control device. Robots help in improving productivity and efficiency as they are more consistent and precise as compared to human beings. Earlier, they were majorly used in assembly lines of the automotive industry, whereas now they are utilized for performing different tasks ranging from cleaning nuclear waste and mowing lawns to exploring outer space and performing surgeries.

Request for a free sample copy of this report:

Global Robotics Market Trends:

Nowadays, the use of robotics technology has enabled individuals to automate processes, increase output levels, improve quality and decrease errors due to enhanced sensors, fast processors and better vision. As robots reduce human workload and perform with a higher degree of precision, it has led to a shift toward automation in various industries. Apart from this, the advancements made in technology have made robots more progressive and autonomous. They are quick, suitable for multitasking and can handle repetitive tasks efficiently. Furthermore, several leading companies are investing considerably in the field of robotics, which is providing a positive impact on the industry. For instance, FANUC Corporation, in collaboration with Preferred Networks, Inc., has developed new AI functions that apply machine or deep learning to its robot and Robo-machine products. Other factors that are positively influencing the growth of the market include improvements in the integration of robotic systems, reduction in the time taken to perform an activity and an increase in the preference for virtual commissioning methods. Looking forward, the market volume is projected to reach 37 Million Units by 2025.

Explore full report with table of contents:

Market Summary:

  • Based on the product type, the market has been bifurcated into industrial and service robots. Service robots, which include personal and domestic, and professional robots, represent the most popular product type, holding the largest market share.
  • On the basis of the application, the market has been categorized into the household, entertainment, defense, fields, logistics, healthcare, infrastructure, mobile platform, cleaning and other applications.
  • Region-wise, North America holds the leading position in the market. Other major regions include Asia Pacific, Europe and Latin America.
  • The competitive landscape of the market has been examined, with some of the key players being ABB Asea Brown Boveri Ltd., KUKA AG, FANUC Corporation and Yaskawa Electric Corporation.

Browse related report

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US:
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Email: [email protected]
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Media Contact
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: Send Email
Phone: +1 6317911145
Address:30 N Gould St, Ste R
City: Sheridan
State: WY 82801
Country: United States