Robotics refers to the branch of technology that deals with the design, construction and operation of a robot. This technology offers innumerable advantages such as flexibility, precision, consistency and increased production. According IMARC Group’s latest report, the global robotics market reached a volume of around 6.5 Million Units in 2016, growing at a CAGR of nearly 25% during 2009-2016. Read more about market @ http://www.imarcgroup.com/robotics-market
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3. Report DescriptionReport Description and Highlights
Global Robotics Market Bolstered by Increasing Applications
The global robotics market has grown at a robust rate in the past few years. Two of the major
growth factors have been the confluence of technological advancements and rising labour costs.
Robotics refers to the branch of technology that deals with the design, construction and operation
of a robot. This technology offers innumerable advantages such as flexibility, precision, consistency
and increased production. With the technological innovations, robots have now become more
advanced with better sensors, improved vision and faster processors. IMARC Group’s latest report,
titled “Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast
2017-2022”, finds that the global robotics market reached a volume of around 6.5 Million Units in
2016, growing at a CAGR of nearly 25% during 2009-2016.
Highlights of the Global Robotics Market:
A growing demand for robots in the medical, defence and entertainment industry represents
the primary growth driving factor.
Service robots have the highest production, accounting for the majority of the market share.
• North America accounts for the majority of the global share, representing the largest market.
5. Report DescriptionReport Description and Highlights
A growing demand for smartphones and tablets has been witnessed in the past several years. This
has supplemented the process of robot development, thus, augmenting the global demand for
robots. Apart from this, a rising demand for robots in the medical, defence and entertainment
industry is another force that is influencing the market growth. Several other factors like increase
in disposable income, urbanisation and industrialisation rates, rising labour costs as well as
expanding applications of robots are also catalysing the growth. According to the report, the
market is further expected to reach a volume of more than 19 Million Units by 2022.
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The market has been segmented on the basis of product type. Currently, service robots dominate
the global robotics market accounting for the majority of the market share. On the basis of region,
North America represents the largest market accounting for more than a third of the total global
share.This can be attributed to the rapid adoption of new technologies coupled with increasing
research and development investments in the region. The other major regions include Europe,
Asia-Pacific, Latin America and Others. Some of the key players operating in the market are ABB
Group, KUKA AG, FANUC Corporation and Yaskawa Electric Corporation.
Read full report @ http://www.imarcgroup.com/robotics-market
6. Report DescriptionReport Description and Highlights
The report has examined the global robotics market on the basis of:
Product type:
Service robots
Industrial robots
Regions:
North America
Europe
Asia-Pacific
Latin America
Others
Major Manufacturers:
ABB Group
KUKA AG
FANUC Corporation
Yaskawa Electric Corporation
7. Report DescriptionReport Description and Highlights
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