Commercial Robotics Market - 49% of Growth to Originate from APAC |Driven by Rising Demand for Commercial Robotics|17000+ Technavio Reports

The potential growth difference for the commercial robotics market between 2021 and 2026 is USD 36.33  billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.

Key Market Dynamics:

• Market Driver -  The key factor driving the global commercial robotics industry growth is the rising demand for commercial robotics owing to technological advancements and investments in research and development (R&D) in robotics. Securing sufficient production line capacity is becoming critical for small and medium-sized enterprises (SMEs). Labor shortages in countries such as Japan will exacerbate the issue. In addition, by 2050, the working-age population across the world is expected to decline significantly, especially in countries such as China, Japan, Germany, Russia, and France. Countries with a high degree of industrialization and a growing population of elderly people (over 65 years) are expected to witness a significant shortage of skilled personnel. Thus, there is an increased demand for application-specific robots from these end-users. Many vendors are developing customized robots to meet market demand and gain a competitive edge over their peers. Such factors will boost the market growth in the forecast period.
• Market Challenges -  The key challenge to the global commercial robotics industry growth is the high costs of robotic systems. Several end-users, especially in emerging economies such as India, are reluctant to buy high-priced commercial robotics. Furthermore, vendors need to invest in research and development (R and D) continuously to integrate advanced technologies in commercial robotics. Owing to this, several new and advanced models of commercial robotics are expected to be launched in the market in the forecast years. This is expected to increase the cost of the robots even further. Such an increase in the cost of robots is expected to hamper their adoption in industries, especially in India, countries in Africa, and other developing countries. Therefore, the high cost of robots stands as a major challenge to the growth of the global commercial robotics market

To learn about additional key drivers, trends, and challenges -. Read our FREE Sample Report right now!

Segmentation Analysis 

The commercial robotics market report is segmented by Application (Medical and healthcare, Defense and security, Agriculture and forestry, Marine, and Others) and Geography (APAC, North America, Europe, South America, and the Middle East and Africa). 

The commercial robotics market share growth in the medical and healthcare segment will be significant for revenue generation. Commercial robotics is used for various domesticated tasks such as long-term care, public service, monitoring patients, and other such activities in healthcare facilities as well as home-based care of patients. For instance, during the first half of 2020, a hospital in Chennai, India, used service robots to supply food and medicines to COVID-19 patients. Thus, the significant increase in the adoption of these robots will drive the market growth through this segment in the coming years.

View our sample report for additional insights into the contribution of all the segments

Some Companies Mentioned

The commercial robotics market is fragmented and the vendors are deploying growth strategies such as the expansion of distribution channels to compete in the market.

• 3D Robotics Inc.
• Accuray Inc.
• AeroVironment Inc.
• Autel Intelligent Technology Co.
• General Electric Co.
• Honda Motor Co. Ltd.
• Intuitive Surgical Inc.
• Irobot Corp.
• KUKA AG
• Northrop Grumman Corp.
• OMRON Corp.
• Smith and Nephew plc
• Yaskawa Electric Corp.
• Yuneec International Co. Ltd.
• Zimmer Biomet Holdings Inc.
• To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

Related Reports:

• The consumer robotics market share is expected to increase by USD 4.70 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 12.19%. Download a free sample now!
• The industrial robotics market share is expected to increase by 145.02 thousand units from 2021 to 2026, at a CAGR of 6.62%. Download a free sample now!

Key Topics Covered:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between2021 and 2026

• 4.2 Bargaining power of buyers
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

• 5.1 Market segments
• Exhibit 24: Chart on Application - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

• 5.2 Comparison by Application
• Exhibit 26: Chart on Comparison by Application
• Exhibit 27: Data Table on Comparison by Application

• 5.3 Medical and healthcare - Market size and forecast 2021-2026
• Exhibit 28: Chart on Medical and healthcare - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Medical and healthcare - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Medical and healthcare - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Medical and healthcare - Year-over-year growth 2021-2026 (%)

• 5.4 Defense and security - Market size and forecast 2021-2026
• Exhibit 32: Chart on Defense and security - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Defense and security - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Defense and security - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Defense and security - Year-over-year growth 2021-2026 (%)

• 5.5 Agriculture and forestry - Market size and forecast 2021-2026
• Exhibit 36: Chart on Agriculture and forestry - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Agriculture and forestry - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Agriculture and forestry - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Agriculture and forestry - Year-over-year growth 2021-2026 (%)

• 5.6 Marine - Market size and forecast 2021-2026
• Exhibit 40: Chart on Marine - Market size and forecast 2021-2026 ($ million)
• Exhibit 41: Data Table on Marine - Market size and forecast 2021-2026 ($ million)
• Exhibit 42: Chart on Marine - Year-over-year growth 2021-2026 (%)
• Exhibit 43: Data Table on Marine - Year-over-year growth 2021-2026 (%)

• 5.7 Others - Market size and forecast 2021-2026
• Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
• Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)

• 5.8 Market opportunity by Application
• Exhibit 48: Market opportunity by Application ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview
• Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation
• Exhibit 50: Chart on Market share by geography 2021-2026 (%)
• Exhibit 51: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison
• Exhibit 52: Chart on Geographic comparison
• Exhibit 53: Data Table on Geographic comparison

• 7.3 APAC - Market size and forecast 2021-2026
• Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.4 North America - Market size and forecast 2021-2026
• Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.5 Europe - Market size and forecast 2021-2026
• Exhibit 62: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026
• Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026
• Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 China - Market size and forecast 2021-2026
• Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.9 US - Market size and forecast 2021-2026
• Exhibit 78: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.10 Japan - Market size and forecast 2021-2026
• Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.11 Germany - Market size and forecast 2021-2026
• Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.12 South Korea - Market size and forecast 2021-2026
• Exhibit 90: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
• Exhibit 91: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
• Exhibit 92: Chart on South Korea - Year-over-year growth 2021-2026 (%)
• Exhibit 93: Data Table on South Korea - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography
• Exhibit 94: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges
• Exhibit 95: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 96: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 97: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 98: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 99: Vendors covered

• 10.2 Market positioning of vendors
• Exhibit 100: Matrix on vendor position and classification

• 10.3 3D Robotics Inc.
• Exhibit 101: 3D Robotics Inc. - Overview
• Exhibit 102: 3D Robotics Inc. - Product / Service
• Exhibit 103: 3D Robotics Inc. - Key offerings

• 10.4 Accuray Inc.
• Exhibit 104: Accuray Inc. - Overview
• Exhibit 105: Accuray Inc. - Product / Service
• Exhibit 106: Accuray Inc. - Key news
• Exhibit 107: Accuray Inc. - Key offerings

• 10.5 AeroVironment Inc.
• Exhibit 108: AeroVironment Inc. - Overview
• Exhibit 109: AeroVironment Inc. - Business segments
• Exhibit 110: AeroVironment Inc. - Key news
• Exhibit 111: AeroVironment Inc. - Key offerings
• Exhibit 112: AeroVironment Inc. - Segment focus

• 10.6 Autel Intelligent Technology Co.
• Exhibit 113: Autel Intelligent Technology Co. - Overview
• Exhibit 114: Autel Intelligent Technology Co. - Product / Service
• Exhibit 115: Autel Intelligent Technology Co. - Key offerings

• 10.7 Honda Motor Co. Ltd.
• Exhibit 116: Honda Motor Co. Ltd. - Overview
• Exhibit 117: Honda Motor Co. Ltd. - Business segments
• Exhibit 118: Honda Motor Co. Ltd. - Key news
• Exhibit 119: Honda Motor Co. Ltd. - Key offerings
• Exhibit 120: Honda Motor Co. Ltd. - Segment focus

• 10.8 Irobot Corp.
• Exhibit 121: Irobot Corp. - Overview
• Exhibit 122: Irobot Corp. - Product / Service
• Exhibit 123: Irobot Corp. - Key offerings

• 10.9 KUKA AG
• Exhibit 124: KUKA AG - Overview
• Exhibit 125: KUKA AG - Business segments
• Exhibit 126: KUKA AG - Key offerings
• Exhibit 127: KUKA AG - Segment focus

• 10.10 Northrop Grumman Corp.
• Exhibit 128: Northrop Grumman Corp. - Overview
• Exhibit 129: Northrop Grumman Corp. - Business segments
• Exhibit 130: Northrop Grumman Corp. - Key news
• Exhibit 131: Northrop Grumman Corp. - Key offerings
• Exhibit 132: Northrop Grumman Corp. - Segment focus

• 10.11 OMRON Corp.
• Exhibit 133: OMRON Corp. - Overview
• Exhibit 134: OMRON Corp. - Business segments
• Exhibit 135: OMRON Corp. - Key news
• Exhibit 136: OMRON Corp. - Key offerings
• Exhibit 137: OMRON Corp. - Segment focus

• 10.12 Yaskawa Electric Corp.
• Exhibit 138: Yaskawa Electric Corp. - Overview
• Exhibit 139: Yaskawa Electric Corp. - Business segments
• Exhibit 140: Yaskawa Electric Corp. - Key offerings
• Exhibit 141: Yaskawa Electric Corp. - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist
• Exhibit 142: Inclusions checklist
• Exhibit 143: Exclusions checklist

• 11.3 Currency conversion rates for US$
• Exhibit 144: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 145: Research methodology
• Exhibit 146: Validation techniques employed for market sizing
• Exhibit 147: Information sources

• 11.5 List of abbreviations
• Exhibit 148: List of abbreviations

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