Robotics Market Report, Future Scope, Applications, New Technologies, Growth, Demand and Forecast 2021-2026 – The Bollywood Ticket
According to the latest report of the IMARC group, entitled “Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, offers a comprehensive analysis of the industry, which includes information on Robotics Market Trends. The report also includes competitor and regional analysis, as well as contemporary advancements in the global market. The market reached a value of US$23.6 billion in 2020. The global market The robotics market is expected to grow at a CAGR of 20.6% during the period 2021-2026.
Robotics refers to an interdisciplinary scientific field that deals with the conception, design, operation, manipulation and manufacture of robots. Robots are multifunctional, automatic and reprogrammable machines designed to perform various complex activities with precision, speed and intelligence. Previously, their use was limited to assembly lines in the automotive industry. Nowadays, robots are widely used to perform multiple tasks such as exploring outer space, mowing lawns, cleaning up nuclear waste, and performing surgical operations.
As the novel coronavirus (COVID-19) crisis engulfs the world, we are continuously monitoring changes in markets, as well as consumer buying behaviors around the world and our estimates on the latest market trends and forecasts are made after taking into account the impact of this pandemic.
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Global Robotics Market Trends:
The global robotics market is primarily driven by the increasing adoption of automation and robotics technology to reduce human workload, increase accuracy and improve production levels. Additionally, the introduction of underwater robotics, autonomous vehicles, and human-robot interaction is another growth driver. Furthermore, increasing investments by leading companies in the field of robotics coupled with extensive research and development (R&D) activities to ensure safe, secure and reliable production of robots has supported the growth of the market. Other factors including several product innovations and the growing need for surgical robotics and collaborative robots in the healthcare sector are also expected to create favorable market prospects.
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Competitive landscape with key players:
The report has also analyzed the competitive landscape of the market with some of the key players.
- ABB Group
- KUKA AG
- FANUC Company
- Yaskawa Electric Corporation
Segmentation of the robotics market:
Our report has categorized the market based on region and product type.
Breakdown by product type:
Currently, service robots are the most popular in the industry.
Regional outlook:
- North America (USA, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
Main highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
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The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.
IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.
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