Press Release

Robotics Technology Market Experience a Tremendous Growth in Near Future | ABB Ltd, Yaskawa Electric Corporation, Denso Corporation, Fanuc Corporation

The ‘ Robotics Technology market’ research report added by Report Ocean, is an in-depth analysis of the latest developments, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market overview; Robotics Technology derived key statistics, based on the market status of the manufacturers and is a valuable source of guidance and direction for companies and individuals interested in Robotics Technology market size forecast, Get report to understand the structure of the complete fine points (Including Full TOC, List of Tables & Figures, Chart).

A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

covid-19 scenario

Market Behavior

End Industry Behavior

Expected Industry Recovery Timeline

Expected Key Dynamic

Business Impact Horizon

Fast recovery – Opening of economy by Q2 2020

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Gradual recovery – Opening of economy by Q3 2020

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Partial recovery – Partial opening of economy by Q3 2020

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Slow recovery – Opening of economy extended till Q4 2020 / Q1 2021

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A systematic step framework for How to Tackle The Situation… “MITIGATE” | “SUSTAIN” | “GROW”: Business Strategy Recovery, Scenario and Planning

Global Robotics Technology Market is valued approximately at USD 63 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 15.8% over the forecast period 2020-2027. Robotics technology is used by different companies to develop machines that can replace humans and simulate human labor. Numerous advantages of robotics technology include safety at work, raising the speed of work and increasing the efficiency of the enterprise. In addition, numerous industries are implementing robotics technology to improve their productivity and profit margins, as robots can perform tasks more quickly. In addition, growing the need for automation and safety in the enterprise and availability of affordable, energy-efficient robots is driving the growth of the industry. Moreover, growing labor and energy costs and increasing the use of robotics technology in different vertical industries are fueling the growth of the industry. However, the high initial costs of robots and the lack of knowledge among SMEs hinder the growth of the industry. The automotive industry, which is the most important application field for industrial robots, has greatly increased investment in industrial robots worldwide. In April 2020, BMW AG signed an agreement with KUKA to supply about 5,000 robots for new production lines and factories around the world. According to KUKA, industrial robots will be used worldwide at the foreign manufacturing sites of the BMW Group to produce current and future vehicle models. Various robot models are intended to be used mainly for body-in-white production and other technologies. The scope of the agreement also includes other creative items from the KUKA portfolio, such as its linear units used to improve the robot’s workspace and energy supply technology. Technological advances in perception, interaction and manipulation have made robotics more attractive. Software and other suppliers of components have been instrumental in pushing the robotic ecosystem forward. In December 2019, Soft Robotics announced a strategic alliance with Fanuc, which invested USD 23 million in Soft Robotics as a startup in the oversubscribed funding round. The transformative mGrip modular grip system and automation solutions of Soft Robotics have allowed the efficient implementation of robotic applications in highly variable and unstructured consumer goods manufacturing, food processing and packaging and e-commerce supply chain automation environments.

The regional analysis of global Robotics Technology Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Due to the significant adoption of industrial robotics in the region, Asia-Pacific is projected to have the highest growth rate in the forecast period. China is dominating the regional pace of robotics adoption as a result of rapid deployment in the country’s leading electronics and automotive manufacturing sectors. As these sectors are growing at a fast pace in other economies in the region, such as India, there is a great potential for business growth.

Major market player included in this report are:

  • ABB Ltd
  • Yaskawa Electric Corporation
  • Denso Corporation
  • Fanuc Corporation
  • Kuka AG
  • Kawasaki Heavy Industries Ltd
  • Toshiba Corporation
  • Panasonic Corporation
  • Staubli International AG
  • Nachi Robotic Systems Inc.
  • Yamaha Motor Co. Ltd
  • Seiko Epson Corporation
  • Comau SpA
  • Adept Technologies Inc.
  • Intuitive Surgical Inc.
  • Stryker Corporation
  • Maxar Technologies Ltd (Mda Corporation)

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

  • Industrial Robots
  • Service Robots
  • Mobile Robots
  • Others

By Component:

  • Hardware
  • Software
  • Services

By Application:

  • Healthcare
  • Defense and Security
  • Aerospace
  • Automotive
  • Electronics
  • Domestic
  • Others

Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan

In-Depth Qualitative Analyses Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis

  • Market size and growth rate during forecast period.
  • Key factors driving the Market.
  • Key market trends cracking up the growth of the Market.
  • Challenges to market growth.
  • Key vendors of Market.
  • Detailed SWOT analysis.
  • Opportunities and threats faces by the existing vendors in Global Market.
  • Trending factors influencing the market in the geographical regions.
  • Strategic initiatives focusing the leading vendors.
  • PEST analysis of the market in the five major regions.

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Market analysis requires careful attention to the following:

  • Market Analysis: To make this section robust, we help you identify industry size, growth rates, drivers, challenges, major players, and market forecasts and emerging trends.
  • Competitive Analysis: Understanding your competition is critical to your success. This section includes an analysis of your key competitors, their products / services, their differentiators, and market shares.
  • Target Market and Customers: Identifying and prioritizing specific target markets are another key part of your industry analysis where research is crucial. You need to think about demographics and buying behaviors of your customers? How can you best reach them? What kinds of challenges do they have? How do they like to be marketed?

Competitiveness Industry concentration – This is a measure of the number of firms in an industry and the size of the predominant firms in the industry. It indicates the nature of the competition. Identify the most important players in the industry. What percent of the market is controlled by the largest companies (for example, the four largest firms)? What is the market share of each major firm? What is the number of firms over a certain size? Is there a dominant industry leader? Who is it?

Continued….

……..and view more in complete table of Contents

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