Abstract
Summary
Global Robotics Market Forecast to 2030
Market Overview:
Robotics Market is anticipated to register an incredible CAGR of 22.80% during the review period. Due to high Innovative work adventures and various clinical primers being coordinated on mind devices in North America, North America addressed the greatest piece of revenue in 2021. The unlimited execution of current automation in collecting is the fundamental driver driving the market's turn of events. Besides, various parts like the expanding need for sharp automation game plans, headways in the Advanced Trap of Things (IIoT) advancement, and the creating hankering to screen and lift the effectiveness of gathering workplaces are also essentially stimulating the market's expansion. Automation has been crucial in the nation's high oil and gas creation and the compelling appointment of oil things around the country. Moreover, the nation is a focal part in the oil and gas region and one of the top raw oil producers. For instance, the EIA measures that in 2021, the nation made 19.78 million barrels every day (b/d) of crude oil.
It is typical that the Asia Pacific region will show the fastest CAGR during the gauge time period. This region is broadening an immediate consequence of the developing people and the open resources. The two countries that cultivate the most human-machine affiliation progresses in this region are China and Japan. The collecting business should augment essentially in India all through the following couple of years, broadening the market's actual limit. The HMI market in China and India not entirely settled by the nation's quick industrialization.
Market Segmentation
The robotics market segmentation, based on type, includes SCARA, cartesian, articulated, cylindrical, parallel, and others.
Based on mobility the market is divided into fixed robots and mobile robots.
In terms of end-users the market is classified into medical, entertainment, field, logistics, defense, public safety, manufacturing, and others.
Regional Insights
Asia-Pacific market is expected to register a significant CAGR during the study period. Due to the widespread deployment of robotics, the Asia-Pacific region is predicted to have a largest market share. Furthermore, due to the extensive deployment of the electronic and automotive manufacturing industries, South Korea and China are prominent in using robots.
North America robotics market accounts for the second-largest market share owing to the expansion of small factories and industrial automation, the region was the first to use industrial robots. Due to its higher rate of robot adoption, the United States is the top nation.
The Europe Robotics Market is expected to expand at the fastest CAGR during the review period. Europe's regional market is expanding due to the continent's rapid adoption of robotics in the home and industrial sectors.
Market Players
Key Companies in the robotics market include Kawasaki Heavy Industries Ltd. (China), Universal Robots A/S (Denmark), BOSTON DYNAMICS (US), iROBOT Corporation (US), Yaskawa Electric Corporation(Japan), Honda Motor Co. Ltd (Japan), Nachi-Fujikoshi Corp (Japan), Mitsubishi Electric Corporation (Japan), Sony Corporation (Japan), ABB Limited (Switzerland), Northrop Grumman Corporation(US), Omron Corporation(Japan), Kuka AG (Germany), FANUC CORPORATION(Japan), and Denso Corporation (Japan), among others.
Table of Contents
1 EXECUTIVE SUMMARY 15
1.1 MARKET SUMMARY 15
2 MARKET INTRODUCTION 17
2.1 DEFINITION 17
2.2 SCOPE OF THE STUDY 17
2.3 MARKET STRUCTURE 17
3 RESEARCH METHODOLOGY 18
3.1 RESEARCH PROCESS 18
3.2 PRIMARY RESEARCH 19
3.3 SECONDARY RESEARCH 20
3.4 MARKET SIZE ESTIMATION 21
3.5 FORECAST MODEL 22
3.6 LIST OF ASSUMPTIONS 22
4 MARKET DYNAMICS 23
4.1 OVERVIEW 23
4.2 DRIVERS 24
4.2.1 GROWTH IN THE ADOPTION OF INDUSTRIAL ROBOTICS 24
4.2.2 DEVELOPMENT OF ARTIFICIAL INTELLIGENCE TECHNOLOGY 24
4.3 RESTRAINT 25
4.3.1 HIGH INITIAL COST AND TECHNICAL COMPLEXITY 25
4.4 OPPORTUNITY 26
4.4.1 RISING DEMAND FOR ENTERTAINMENT ROBOTS IN RETAIL FOR CUSTOMER ENGAGEMENT 26
4.5 COVID-19 IMPACT ANALYSIS 26
4.5.1 IMPACT ON SEMICONDUCTOR COMPONENT MANUFACTURERS 26
4.5.2 IMPACT ON THE GLOBAL ROBOTICS MARKET 27
- 4.5.2.1 IMPACT ON SUPPLY CHAIN 27
- 4.5.2.2 PRICE VARIATION OF KEY RAW MATERIALS 27
- 4.5.2.3 PRODUCTION SHUTDOWN 28
- 4.5.2.4 IMPACT ON MARKET DEMAND 28
5 MARKET FACTOR ANALYSIS 29
5.1 VALUE CHAIN ANALYSIS 29
5.1.1 HARDWARE/COMPONENT MANUFACTURERS 29
5.1.2 SOFTWARE DEVELOPERS 29
5.1.3 SYSTEM INTEGRATORS 29
5.1.4 END-USERS 30
5.2 PORTER’S FIVE FORCES MODEL 30
5.2.1 THREAT OF NEW ENTRANTS 31
5.2.2 BARGAINING POWER OF SUPPLIERS 31
5.2.3 THREAT OF SUBSTITUTES 31
5.2.4 BARGAINING POWER OF BUYERS 31
5.2.5 INTENSITY OF RIVALRY 31
6 GLOBAL ROBOTICS MARKET, BY MOBILITY 32
6.1 OVERVIEW 32
6.1.1 MARKET ESTIMATES & FORECAST, 2022-2030
6.1.2 MOBILE ROBOTICS 33
6.1.3 FIXED ROBOTICS 33
7 GLOBAL ROBOTICS MARKET, BY TYPE 34
7.1 OVERVIEW 34
7.1.1 MARKET ESTIMATES & FORECAST, 2022-2030
7.1.2 SCARA 35
7.1.3 CARTESIAN 35
7.1.4 ARTICULATED 35
7.1.5 CYLINDRICAL 35
7.1.6 PARALLEL 35
7.1.7 OTHERS 36
8 GLOBAL ROBOTICS MARKET, BY END USER 37
8.1 OVERVIEW 37
8.1.1 MARKET ESTIMATES & FORECAST, 2022-2030
8.1.2 MANUFACTURING 38
8.1.3 ENTERTAINMENT 38
8.1.4 DEFENSE 38
8.1.5 MEDICAL 39
8.1.6 FIELD 39
8.1.7 LOGISTICS 39
8.1.8 PUBLIC SAFETY 39
8.1.9 OTHERS 39
9 GLOBAL ROBOTICS MARKET, BY REGION 40
9.1 OVERVIEW 40
9.1.1 MARKET ESTIMATES & FORECAST, 2022-2030
9.2 NORTH AMERICA 41
9.2.1 US 44
9.2.2 CANADA 46
9.2.3 MEXICO 47
9.3 EUROPE 49
9.3.1 UK 52
9.3.2 GERMANY 54
9.3.3 FRANCE 55
9.3.4 ITALY 57
9.3.5 REST OF EUROPE 58
9.4 ASIA-PACIFIC 60
9.4.1 CHINA 63
9.4.2 JAPAN 65
9.4.3 INDIA 66
9.4.4 SOUTH KOREA 68
9.4.5 REST OF ASIA-PACIFIC 69
9.5 REST OF THE WORLD 71
9.5.1 MIDDLE EAST & AFRICA 74
9.5.2 SOUTH AMERICA 76
10 COMPETITIVE LANDSCAPE 78
10.1 COMPETITIVEOVERVIEW 78
10.2 MARKET SHARE ANALYSIS 78
10.3 COMPETITIVE BENCHMARKING 79
10.4 KEY DEVELOPMENTS & GROWTH STRATEGIES 80
10.4.1 PRODUCT LAUNCHES/PRODUCT DEVELOPMENTS 80
10.4.2 COLLABORATIONS/PARTNERSHIPS/JOINT VENTURES 83
11 COMPANY PROFILES 85
11.1 UNIVERSAL ROBOTS A/S 85
11.1.1 COMPANY OVERVIEW 85
11.1.2 FINANCIAL OVERVIEW 85
11.1.3 PRODUCTS OFFERINGS 85
11.1.4 KEY DEVELOPMENTS 86
11.1.5 SWOT ANALYSIS 87
11.1.6 KEY STRATEGIES 87
11.2 BOSTON DYNAMICS 88
11.2.1 COMPANY OVERVIEW 88
11.2.2 FINANCIAL OVERVIEW 88
11.2.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 88
11.2.4 KEY DEVELOPMENTS 89
11.2.5 KEY STRATEGIES 89
11.3 IROBOT CORPORATION 90
11.3.1 COMPANY OVERVIEW 90
11.3.2 FINANCIAL OVERVIEW 90
11.3.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 91
11.3.4 KEY DEVELOPMENTS 91
11.3.5 SWOT ANALYSIS 92
11.3.6 KEY STRATEGIES 92
11.4 NACHI-FUJIKOSHI CORP 93
11.4.1 COMPANY OVERVIEW 93
11.4.2 FINANCIAL OVERVIEW 93
11.4.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 94
11.4.4 KEY DEVELOPMENTS 95
11.4.5 SWOT ANALYSIS 96
11.4.6 KEY STRATEGIES 96
11.5 KAWASAKI HEAVY INDUSTRIES, LTD 97
11.5.1 COMPANY OVERVIEW 97
11.5.2 FINANCIAL OVERVIEW 97
11.5.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 98
11.5.4 KEY DEVELOPMENTS 99
11.5.5 SWOT ANALYSIS 99
11.5.6 KEY STRATEGIES 99
11.6 HONDA MOTOR CO. LTD 100
11.6.1 COMPANY OVERVIEW 100
11.6.2 FINANCIAL OVERVIEW 100
11.6.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 101
11.6.4 KEY DEVELOPMENTS 101
11.6.5 SWOT ANALYSIS 102
11.6.6 KEY STRATEGIES 102
11.7 ABB LIMITED 103
11.7.1 COMPANY OVERVIEW 103
11.7.2 FINANCIAL OVERVIEW 104
11.7.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 105
11.7.4 KEY DEVELOPMENTS 106
11.7.5 SWOT ANALYSIS 107
11.7.6 KEY STRATEGIES 107
11.8 SONY CORPORATION 108
11.8.1 COMPANY OVERVIEW 108
11.8.2 FINANCIAL OVERVIEW 108
11.8.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 109
11.8.4 KEY DEVELOPMENTS 109
11.8.5 SWOT ANALYSIS 110
11.8.6 KEY STRATEGIES 110
11.9 MITSUBISHI ELECTRIC CORPORATION 111
11.9.1 COMPANY OVERVIEW 111
11.9.2 FINANCIAL OVERVIEW 112
11.9.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 113
11.9.4 KEY DEVELOPMENTS 113
11.9.5 SWOT ANALYSIS 114
11.9.6 KEY STRATEGIES 114
11.10 OMRON CORPORATION 115
11.10.1 COMPANY OVERVIEW 115
11.10.2 FINANCIAL OVERVIEW 116
11.10.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 116
11.10.4 KEY DEVELOPMENTS 117
11.10.5 SWOT ANALYSIS 118
11.10.6 KEY STRATEGIES 118
11.11 FANUC CORPORATION 119
11.11.1 COMPANY OVERVIEW 119
11.11.2 FINANCIAL OVERVIEW 119
11.11.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 120
11.11.4 KEY DEVELOPMENTS 121
11.11.5 SWOT ANALYSIS 122
11.11.6 KEY STRATEGIES 122
11.12 NORTHROP GRUMMAN CORPORATION 123
11.12.1 COMPANY OVERVIEW 123
11.12.2 FINANCIAL OVERVIEW 123
11.12.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 124
11.12.4 KEY DEVELOPMENTS 124
11.12.5 SWOT ANALYSIS 125
11.12.6 KEY STRATEGIES 125
11.13 KUKA AG 126
11.13.1 COMPANY OVERVIEW 126
11.13.2 FINANCIAL OVERVIEW 127
11.13.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 128
11.13.4 KEY DEVELOPMENTS 129
11.13.5 SWOT ANALYSIS 130
11.13.6 KEY STRATEGIES 130
11.14 YASKAWA ELECTRIC CORPORATION 131
11.14.1 COMPANY OVERVIEW 131
11.14.2 FINANCIAL OVERVIEW 132
11.14.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 133
11.14.4 KEY DEVELOPMENTS 133
11.14.5 SWOT ANALYSIS 134
11.15 DENSO CORPORATION 135
11.15.1 COMPANY OVERVIEW 135
11.15.2 FINANCIAL OVERVIEW 135
11.15.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 136
11.15.4 KEY DEVELOPMENTS 136
11.15.5 SWOT ANALYSIS 137
11.15.6 KEY STRATEGIES 137