Global Robotics Market Size, Share & Trends Analysis Report by Type (Industrial Robots and Service Robots), By Application (Handling, Welding & Soldering, Assembling & Disassembling, Dispensing, Processing, and Others), and by End-Users (Manufacturing, Food & Beverage, Aerospace, Healthcare, Logistics, and Others) Forecast Period (2022-2028) The global robotics market is anticipated to grow at a CAGR of 18.1 % during the forecast period. The companies are developing low-cost and high-quality products and trying to develop robots that are energy-efficient and tailored to fulfill certain requirements. The availability of cost-effective and energy-efficient robots is expected to surge the robotics market growth over the forecast period. For instance, in January 2022, ABB added two new members to its OmniCore controller family, to meet the demand for faster, and more efficient production. The new E10 and V250XT controllers offer best-in-class motion control, as well as 20% energy savings and future-proofing through built-in digital connectivity and 1000+ additional functions to meet changing requirements. These two new controllers extend the possibilities for enhanced robot control in a variety of industries, from electronics assembly to automotive, logistics, and general manufacturing. The global robotics market is segmented based on the type, application, and end-users. Based on the type, the market is bifurcated into industrial robots and service robots. Industrial robots are further sub-segmented into articulated, SCARA, Cartesian, collaborative, and others. The service robots are again augmented into handling, welding & soldering, assembling & disassembling, dispensing, processing, and others. Based on the application, the market is segmented into handling, welding & soldering, assembling & disassembling, dispensing, processing, and others. Based on the end-users, the market is augmented into manufacturing, food & beverage, aerospace, healthcare, logistics, and others. Among the end-users, the food & beverages segment is expected to hold a significant share in the market during the forecast period. To increase productivity and cope with labor shortages, food and beverage manufacturers are adopting automation and robotics, which is the major factor driving market growth. For instance, in the article published by a New Food Magazine in April 2018, one of the egg-producing farms in Thailand has raised its productivity by 30% by using a robotic system that stacks heavy boxes and baskets of eggs onto pallets. Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The Europe region is expected to hold a prominent share in the market during the forecast period. The players are developing innovative service robot applications and improving existing concepts. The presence of a large number of service robot suppliers in the region is expected to accelerate market growth. For instance, according to IFR, 47 % of the service robot suppliers are from Europe. The major companies serving the global robotics market include ABB Group, Autonox Robotics GmBH, AV&R, Bastain Solutions LLC, Bosch Rexroth AG, Denso Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in April 2022, ABB launched new robots for EV makers to make shop floors of electric vehicle manufacturers even more automated. The new robot code-named IRB 5710 and 5720 come in eight variants and provide options for payloads from 70 kg to 180kg and a reach from 2.3 to 3 meters. These find a range of applications in production tasks for EVs including material handling, machine tending, and assembly as well as specific operations in EV manufacturing that include battery module picking and placing, high precision assembly, and parts handling. Research Methodology The market study of the global robotics market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports. Secondary Sources Include Financial reports of companies involved in the market. Whitepapers, research papers, and news blogs. Company websites and their product catalog. The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models. Market Segmentation Global Robotics Market Research and Analysis by Type. Global Robotics Market Research and Analysis by Application. Global Robotics Market Research and Analysis by End-Users. The Report Covers Comprehensive research methodology of the global robotics market. This report also includes a detailed and extensive market overview with key analyst insights. An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations. Analysis of regional regulations and other government policies impacting the global robotics market. Insights about market determinants that are stimulating the global robotics market. Detailed and extensive market segments with the regional distribution of forecasted revenues. Extensive profiles and recent developments of market players.