NEW YORK, Dec. 7, 2016 /PRNewswire/ -- The demand for robotics is anticipated to grow exponentially during the forecasting period driven by advantages such as cost reduction, improved quality, increased production, and improved workplace health and safety.
The global industrial robotics market is expected to reach US$ XX Billion by 2021, growing at a CAGR of over 8% between 2016 and 2021. The adoption of automation to ensure quality production and meet market demand, and the growing demand from small- and medium-scale enterprises in developing countries is fueling the growth of industrial robotics market globally. On the basis of segment, the automotive industry accounted for highest share of the industrial robotics market. The electrical and electronics segment is the second largest market for industrial robotics and is expected to grow at double digit CAGR between 2016 and 2021. The metal industry is the third largest market for industrial robotics. Chemical, rubber and plastics industry is the fourth largest market for industrial robotics, while food industry accounted for over XX% share of the global industrial robotics market.
In terms of region, the five major markets including China, South Korea, Japan, United States, and Germany accounted for around 75% of the total industrial robotics sales volume in 2015. Asia/Australia is the world's largest market for industrial robots, driven by growing demand for industrial robots from small- and medium-scale enterprises in China, Japan, South Korea, and India. Europe is the second leading region for industrial robotics market. Americas is the third largest market for industrial robots.
Note: The market value figures cited in this report for industrial robotics generally do not include the cost of software, peripherals and systems engineering. Including the mentioned costs might result in the actual robot systems' market value to be about three times as high.
Service robots have witnessed widespread acceptance among various professional and personal applications. Professional service robots are employed in various industries including medical, defense, rescue and security, agriculture, logistics, construction, and professional cleaning among others, whereas personal service robots are used for domestic and entertainment and leisure purpose. The global service robotics market is expected to reach nearly US$ 13 Billion by 2021. In 2015, professional service robots accounted for XX% share of the global service robotics market. The market for domestic and personal service robotics segment is expected to grow during the forecast period, owing to high demand of service robots from the domestic and entertainment sectors and rise in disposable income of consumers.
In 2015, medical application was the major industry vertical, in terms of market share. Medical application employs service robots for a wide range of applications such as surgery, diagnostics, physical and mental therapy, and prosthetics among others. The defense segment accounted for second largest share of the professional service robotics market in 2015. The implementation of robotics in agriculture is expected to bring out transformational result in coming years. The use of service robots in logistic industry is anticipated to show substantial growth. The growing online shopping space is the primary growth driver for this market.
iGATE RESEARCH report titled "Global Robotics Market (Industrial and Service Robotics) and Volume Forecast to 2021" provides a comprehensive assessment of the fast-evolving, high-growth Global Robotics Industry.
This 195 Page report with 115 Figures and 18 Tables has been analyzed from 9 viewpoints:
1. Global Robotics Market and Volume Forecast (2009 - 2021)
2. Global Industrial Robotics Market and Volume Forecast (2009 - 2021)
3. Global Industrial Robotics Market and Volume Forecast - By Segment (2009 - 2021)
4. Industrial Robotics Volume and Forecast - Region and Country Wise Distribution (2010 - 2021)
5. Global Service Robotics Market and Volume Forecast (2009 - 2021)
6. Global Professional Service Robotics Market and Volume Forecast - By Segment (2009 - 2021)
7. Global Personal and Domestic Service Robotics Market and Volume Forecast - By Segment (2009 - 2021)
8. Key Player - Sales and SWOT Analysis (2010 - 2021)
9. Global Robotics Market - Growth Drivers and Challenges
Global Robotics Market and Volume Forecast - By Type
1. Industrial Robotics
2. Service Robotics
Global Industrial Robotics Market and Volume Forecast - By Segment
1. Automotive Industry
2. Electrical/Electronics Industry
3. Metal Industry
4. Chemical, Rubber and Plastics Industry
5. Food Industry
6. Others Industry
7. Unspecified Industry
Industrial Robotics Volume and Forecast - Region and Country Wise Distribution
- North America
- Rest of South America
- Republic of Korea
- Other Asia/Australia
- Central/Eastern Europe
- United Kingdom
- Other Europe
5. Rest of the World (ROW)
Global Service Robotics Market and Volume Forecast - By Type
1. Professional Service Robotics
2. Personal and Domestic Service Robotics
Global Professional Service Robotics Market and Volume Forecast - By Segment
6. Mobile Platforms
9. Rescue and Security
11. All Others
Global Personal and Domestic Service Robotics Market and Volume Forecast - By Segment
1. Household Robotics
2. Entertainment and Leisure Robotics
Global Robotics Market - Key Players Sales and SWOT Analysis
1. KUKA AG
2. Adept Technology (Acquired by OMRON)
3. iRobot Corporation
4. Intuitive Surgical
6. Yaskawa Electric Corporation
Primary Research Methodologies: Questionnaires, Surveys, Interviews with Individuals, Small Groups, Telephonic Interview, etc.
Secondary Research Methodologies: Printable and Non-printable sources, Newspaper, Magazine and Journal Content, Government and NGO Statistics, white Papers, Information on the Web, Information from Agencies Such as Industry Bodies, Companies Annual Report, Government Agencies, Libraries and Local Councils and a large number of Paid Databases.
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