The global robotics market is predicted to register a CAGR of over 22.8% to reach USD 214.68 billion by the end of 2030.
The report segments the industry based on product type, application and end-use. It highlights the recent trends and technological developments in the sector that will potentially influence the industry. The research offers a detailed outlook of the trends observed in the Robotics market, the contributing factors, major stakeholders, key companies and prime areas that exhibit a potential for growth.
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The global Roboticsmarket is growing at lightning speeds due to increasing demands for smart technologies, the rapid rise in disposable incomes, and global expansion of the automotive industry. Currently, the Asia Pacific region is leading the market, followed by the European and North American regions in the respective order. The frame and passenger vehicle segments are leading the market and will grow with the highest growth rates at the same time. The rise in demand for safer vehicles, a rise in disposable incomes, and a vast population in developing regions are some major factors propelling this market at high speed.
Covid 19 Analysis
Due to a rise in phishing activities, COVID-19 has substantially increased the adoption of cloud infrastructure and services. In addition, COVID-19 has significantly increased the security budget, which has resulted in a large increase in cloud infrastructure and services. According to the findings of a study conducted by Microsoft and published in August 2020, 36% of the total 800 respondents said that the budget for cybersecurity had risen as a consequence of the pandemic outbreak. Additionally, 42 percent of those who answered the survey said that the company altered its personnel by adding more security experts.
Robotics Market AnalysisKey Companies-Universal Robots A/S (Denmark), Kawasaki Heavy Industries Ltd. (China), BOSTON DYNAMICS (US), iROBOT Corporation (US), Nachi-Fujikoshi Corp (Japan), Honda Motor Co. Ltd (Japan), Mitsubishi Electric Corporation (Japan), ABB Limited (Switzerland), Sony Corporation (Japan), Northrop Grumman Corporation(US), Kuka AG (Germany), Omron Corporation(Japan), FANUC CORPORATION(Japan), Yaskawa Electric Corporation(Japan), Denso Corporation (Japan)
Robotics Market Regional Assessment
The global business regional analysis was conducted in four major regions including Asia Pacific, North America, Europe and the rest of the world. The European region will dominate the market for Roboticsdue to Growing demand for natural gas for generating power and heating spaces. The region needs better transport facilities for gas as the current physical pipelines have become outdated and require high maintenance and upgrade costs. Asia-Pacific is the fastest growing region, since the region's developing nations are the net importers of natural gas. China itself was the largest consumer of natural gas in 2017, with industrialization and urbanization projects expected to increase consumption. The region's emerging markets, such as Indonesia and Pakistan, are also experiencing high demand for natural gas, which brings opportunities for Roboticsin Asia Pacific.
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Segmentation
The global Industry segmented into Robotics Market Size, type, component, voltage, application and region. By type the segment is further classified into skid mounted and mobile Robotics. By component, the segment is further classified into switchgear, bus bar, HVAC systems, transformer, frequency drives, monitoring and control systems and others. By voltage, the segment, is further classified into low voltage and medium voltage Robotics. Robotics are used in various industries such as oil and gas, mining, transportation, and power utilities.
Drivers and Restraints
The Roboticsmarket is driven by numerous factors such as increasing construction FDI in the Asia Pacific region, and policy reforms and policies that support them. Governments across all regions are observed, their construction sector supported, and created. The emerging economies are the ones that put in various reforms and regulations in particular to fuel their infrastructure growth and the real estate market. Such expansion is slated to increase scaffolding's market growth. The Robotics market has constraints such as fluctuating prices of raw materials and slower economic growth, which hinder market development.
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Table of contents:
1 EXECUTIVE SUMMARY
1.1 GLOBAL Robotics MARKET, BY COMPONENT
1.2 GLOBAL Robotics MARKET, BY ORGANIZATION SIZE
1.3 GLOBAL Robotics MARKET, BY DEPLOYMENT
1.4 GLOBAL Robotics MARKET, BY END-USERS
1.5 GLOBAL Robotics MARKET, BY REGION
2 MARKET INTRODUCTIONS
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 FORECAST MODEL
3.6 LIST OF ASSUMPTIONS
4 MARKET DYNAMICS
Continued
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