Top Robotics Market 2018-2023: Focus on Articulated, SCARA, Cartesian, Parallel, and Collaborative, Logistics, Domestic, Medical, Field, and Defense, Rescue, & Security Robots
DUBLIN, May 16, 2018 /PRNewswire/ --
The "Top Robotics Market by Top Industrial Robotics (Articulated, SCARA, Cartesian, Parallel, and Collaborative), Top Service Robotics (Logistics, Domestic, Medical, Field, and Defense, Rescue, & Security) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The top industrial robotics market is expected to grow from USD 44.02 Billion in 2018 to USD 69.14 Billion by 2023, at a CAGR of 9.45% during the forecast period; the top service robotics market is expected to grow from USD 11.27 Billion in 2018 to USD 29.76 Billion by 2023, at a CAGR of 21.44% during the forecast period. The growth of the top robotics market is driven by factors such increasing demand for service robots from medical and healthcare sectors, and growing investments for automation in various industries.
Articulated robots are expected to hold the largest share of the top industrial robotics market in 2018 owing to increased payload capacity, work envelope, reliability, and speed. Articulated robots are used in several applications, including welding, painting, assembly, packaging, palletizing, depalletizing, machine tending, sealing, gluing, cutting, cleaning, deburring, die casting, grinding, polishing, material handling, case packing, pick and place, pre-machining, and press brake tending. However, the market for collaborative robots is expected to grow at the highest rate during the forecast period.
Among all industries, the metals and machinery industry has been among the versatile industries for automation solutions. It performs several functions ranging from small details to higher performance in complex tasks. With growing demand for machines in industries, such as agriculture, packaging, and manufacturing, for various applications, the top industrial robots market for the metals and machinery industry is expected to grow at the highest rate during the forecast period. However, the automotive industry is expected to hold the largest share of the top industrial robotics market in 2018.
Professional robots are expected to hold the largest share of the top service robotics market in 2018. The major factors driving the market for professional robots include the integration of service robots with various technologies, increase in demand for warehouse automation, short- to medium-term payback period, and high return on investment (ROI). However, the market for personal and domestics robots is expected to grow at a higher rate during the forecast period.
Among all applications, domestic applications are expected to hold the largest share of the top service robotics market in 2018. Growing demand for domestic robots for domestic applications such as vacuum cleaning and lawn mowing is the key factor driving the growth of the market. However, the market for entertainment, education, and personal applications is expected to grow at the highest rate during the forecast period. The increasing number of working officials across the world is expected to put forth a need for service robots for providing companionship to the elderly and toddlers.
Top Robotics Market
Top robotics market refers to industrial and service robots that currently dominate the overall robotics market and hold significant potential for future diffusion and deployment across diversified application verticals. Despite the high rate of adoption of industrial robots in SMEs, there still exist restraints for the adoption of industrial robots for low-volume production. As industrial robots are designed as per the requirements of the application, it is an inevitable process of modifying or reconfiguring industrial robots every time the application is changed.
The cost of reconfiguration and einstallation of robots is high for lower volume production. Hence, high overall installation cost for low-volume production applications is a key factor that restraints the growth of the top industrial robotics market. For top service robotics market, the performance of service robots in untested environments and the lack of high-level interfacing are the major factors restraining the growth of the market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Market Opportunities in Top Robotics Market 4.2 Top Robotics Market, By Robotics Type 4.3 Top Industrial Robotics Market, By Industry and Top Service Robotics Market, By Application 4.4 Top Robotics Market, Geographic Analysis 4.5 Top Industrial Robotics Market, By Country 4.6 Top Service Robotics Market, By Country
5 Top Robotics Market, By Robotics Type 5.1 Introduction 5.2 Top Industrial Robotics 5.3 Top Service Robotics
6 Market Overview of Top Industrial Robotics Market 6.1 Introduction 6.2 Market Dynamics 6.2.1 Drivers 6.2.1.1 Increase in Investments for Automation in Industries 6.2.1.2 Growing Demand From SMEs in Developing Countries 6.2.2 Restraints 6.2.2.1 High Overall Installation Cost for Low-Volume Production Applications 6.2.3 Opportunities 6.2.3.1 Increase in Demand for Low-Cost Industrial Robots Capable of Working in Collaboration With Humans 6.2.4 Challenges 6.2.4.1 Manufacturing Advanced Robotic Systems to Meet Customer Requirements in the Era of Iiot 6.2.4.2 Addressing the Need to Safely Handle Industrial-Grade Operations 6.3 Value Chain Analysis 6.4 Technology Trends
7 Top Industrial Robotics Market, By Type 7.1 Introduction 7.2 Articulated Robots 7.3 Scara Robots 7.4 Parallel Robots 7.5 Cartesian Robots 7.6 Collaborative Robots
8 Top Industrial Robotics Market, By Industry 8.1 Introduction 8.2 Automotive 8.3 Electrical and Electronics 8.4 Metals and Machinery 8.5 Chemicals, Rubber, and Plastics 8.6 Food & Beverages 8.7 Precision Engineering and Optics 8.8 Pharmaceuticals and Cosmetics 8.9 Others
9 Geographic Analysis of Top Industrial Robotics Market 9.1 Introduction 9.2 North America 9.2.1 US 9.2.2 Canada 9.2.3 Mexico 9.3 Europe 9.3.1 Germany 9.3.2 Italy 9.3.3 Spain 9.3.4 France 9.3.5 UK 9.3.6 Rest of Europe 9.4 APAC 9.4.1 China 9.4.2 South Korea 9.4.3 Japan 9.4.4 Taiwan 9.4.5 Thailand 9.4.6 India 9.4.7 Rest of APAC 9.5 RoW 9.5.1 Middle East and Africa 9.5.2 South America
10 Competitive Landscape of Top Industrial Robotics Market 10.1 Introduction 10.2 Top Industrial Robotics Market Ranking Analysis, 2017 10.3 Competitive Situations and Trends 10.3.1 Product Launches 10.3.2 Partnerships and Collaborations 10.3.3 Expansions 10.3.4 Contracts and Agreements 10.3.5 Acquisitions
11 Market Overview of Top Service Robotics Market 11.1 Introduction 11.2 Market Dynamics 11.2.1 Drivers 11.2.1.1 High Adoption of Robots for Personal Use 11.2.1.2 Increasing Demand From Medical and Healthcare Sectors 11.2.2 Restraints 11.2.2.1 Performance in Untested Environment and Lack of High-Level Interfacing 11.2.3 Opportunities 11.2.3.1 Focus on Developing Robots With Special Features to Add Value 11.2.3.2 Increasing Geriatric Population Worldwide Boosting Demand for Service Robots for Elderly Assistance 11.2.4 Challenges 11.2.4.1 Safety Concerns While Working With Humans 11.3 Value Chain Analysis 11.4 Technology Trends
12 Top Service Robotics Market, By Type 12.1 Introduction 12.2 Professional Robots 12.3 Personal and Domestic Robots
13 Top Service Robotics Market, By Application 13.1 Introduction 13.2 Domestic 13.2.1 Floor-Cleaning Robots 13.2.2 Lawn-Cleaning Robots 13.2.3 Pool-Cleaning Robots 13.2.4 Window-Cleaning Robots 13.2.5 Others 13.3 Entertainment, Education, and Personal 13.3.1 Entertainment Robots 13.3.2 Education Robots 13.3.3 Personal Robots 13.4 Defense, Rescue, and Security 13.4.1 Demining Robots 13.4.2 Fire and Bomb Fighting Robots 13.4.3 Unmanned Aerial Vehicles 13.4.4 Others 13.5 Field 13.5.1 Milking Robots 13.5.2 Agriculture Robots 13.5.3 Forestry 13.6 Medical 13.6.1 Surgery Assistance Robots 13.6.2 Diagnostic Robots 13.6.3 Other Medical Robots 13.7 Public Relations and Inspection 13.7.1 Telepresence Robots 13.7.2 Inspection and Maintenance Robots 13.8 Logistics 13.9 Human Exoskeleton 13.10 Construction
14 Geographic Analysis of Top Service Robotics Market 14.1 Introduction 14.2 North America 14.2.1 US 14.2.2 Canada 14.2.3 Mexico 14.3 Europe 14.3.1 UK 14.3.2 Germany 14.3.3 France 14.3.4 Rest of Europe 14.4 APAC 14.4.1 Japan 14.4.2 China 14.4.3 India 14.4.4 South Korea 14.4.5 Rest of APAC 14.5 RoW 14.5.1 Middle East & Africa 14.5.2 South America
15 Competitive Landscape of Top Service Robotics Market 15.1 Introduction 15.2 Top Service Robotics Market Ranking Analysis, 2017 15.3 Competitive Situations and Trends 15.3.1 Product Launches 15.3.2 Partnerships and Collaborations 15.3.3 Expansions 15.3.4 Contracts and Agreements 15.3.5 Acquisitions
16 Company Profiles 16.1 Key Players 16.1.1 ABB 16.1.2 Fanuc 16.1.3 Kuka 16.1.4 Yaskawa 16.1.5 Northrop Grumman 16.1.6 Honda Motor 16.1.7 Kawasaki Heavy Industries 16.1.8 Irobot 16.1.9 DJI 16.1.10 3DR 16.2 Other Key Players 16.2.1 Intuitive Surgical 16.2.2 Samsung Electronics 16.2.3 Nachi-Fujikoshi 16.2.4 Mitsubishi 16.2.5 Denso 16.2.6 Omron Adept Technologies 16.2.7 Parrot 16.2.8 Geckosystems 16.2.9 Kongsberg Maritime 16.2.10 Delaval 16.2.11 Universal Robots 16.2.12 Rethink Robotics
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