Shift towards automation pushes the market for commercial robotics

Technology - Mohit Shah - Nov 01,2017

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shift towards automation pushes the market for commercial robotics

It has been analyzed that, the global market for commercial robotics is likely to touch a value of US$6 bn at the end of 2017; the market is projected to show a strong CAGR of over 24%.

Commercial robots have been there for quite a while; however, the advancements in the industry have made their presence quite important for a variety of applications. It has been analyzed that, the future shows positive investments by several market giants to support the commercial robotics industry.

The global market for commercial robotics is surging since the population is getting handy on robotic devices and related technologies. Furthermore, the shift from conventional technology has indicated the beginning of automation that has simultaneously resulted in a sharp inclination towards robotics. As per active research analytics, the global market for commercial robotics is likely touched a value of around US$6 bn by the end of 2017. This value might surge to reach a mark of US$ 17.5 bn by the end of 2022, highlighting a strong CAGR of over 24%.

Looking at the regional divergence, North America would outshine as the dominant contributor to the commercial robotics market. This region is popular for its medical robots, along with other product types such as autonomous guided robotics, field robotics, drones and others. Presently, the primary end-use sectors of the global commercial robotics market include rescue, defense and security, medical, agriculture and forestry and marine.

The most capable and effective players from the commercial robotics sector include Northrop Grumman Corporation, iRobot Corporation, KUKA AG, Honda Motor Company Ltd., Yaskawa Electric Corporation, Omron Adept Technologies Inc., Alphabet Inc., 3D Robotics Inc., Accuray Inc., and Amazon Robotics LLC.

 

For more information on this report visit- https://www.marketresearchhub.com/report/commercial-robotics-market-global-industry-analysis-size-share-growth-trends-and-forecast-2017-2022-report.html