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Robotics Technology Market by Component (Hardware, Software, and Services), Type of Robots (Traditional Industrial Robots, Cobots, Professional Service Robots, and Others), Application (Manufacturing, Healthcare, Aerospace & Defense, Media & Entertainment, Logistics, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

A00045
Pages: 260
May 2020 | 31063 Views
 
Author(s) : Pramod Borasi, Shadaab Khan, Vineet Kumar
Tables: 130
Charts: 71
 

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Robotics Technology Market Insights - 2027

The global robotics technology market size was valued at $62.75 billion in 2019, and is projected to reach $170.08 billion by 2027, growing at a CAGR of 13.5% from 2020 to 2027. Robotics technology is the intersection of technology, engineering, and science for producing machines called robots, which are used to replicate human actions. The key objective of the robotics technology is to enhance the performance of the organization and to produce better outcome. Robotics technology finds its wide range of applications in various industry verticals, which include healthcare, domestic, agriculture, manufacturing, and others. Rise in need for automation and safety in organization and availability of affordable, energy efficient robots drive the growth of the market. In addition, rise in labor & energy costs and increase usage of robotics technology in different industry verticals fuel the growth of the market. However, high initial cost of the robots and lack of awareness among the SMEs hamper the growth of the market. Furthermore, growth in adoption of robotics technology in emerging economies and increased use in adverse applications are the factors expected to provide lucrative opportunities for the growth of the market.

Robotics-Technology-Market-2020-2027

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The hardware segment is expected to garner a significant share during the forecast period. Hardware component in the robots increases the efficiency of the robots, which drives the growth of the market in this segment. However, the service segment is expected to grow at the highest rate during the forecast period, owing to high adoption of consulting and training services in the manufacturing sector. 

Robotics Technology Market
By Component

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Hardware is projected as one of the most lucrative segments.

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The report focuses on the growth prospects, restraints, and trends of the robotics technology market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the robotics technology market.

Robotics Technology Market
By Type

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Traditional Industrial Robots is projected as one of the most lucrative segments.

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Segment review

The global robotics technology market is segmented on the basis of component, type of robots, application, and region. In terms of component, it is classified into hardware, software, and services. By type of robots, the market is divided into traditional industrial robots, cobots, professional service robots, and others. By application, the market is categorized into manufacturing, healthcare, aerospace & defense, media & entertainment, logistics, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Robotics Technology Market
By Application

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Manufacturing is projected as one of the most lucrative segments.

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The key players profiled in the robotics technology market analysis are ABB Ltd, Denso Corporation, Fanuc Corporation, KUKA AG, Kawasaki Robotics (Kawasaki Heavy Industries, Ltd.), Mitsubishi Electric Corporation, OMRON Corporation, Seiko Epson Corporation, Stäubli International AG and Yaskawa Electric Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

Robotics Technology Market
By Region

2027
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific would exhibit the highest CAGR of 14.4% during 2020-2027.

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Top impacting factors

Availability of affordable and energy efficient robots

Players are coming up with low-cost and high-quality robots owing to increase in competition. The advancements in technology enable developers to design new innovative products while maintaining the affordability of the product. The recently developed robots are energy efficient and designed to serve specific applications. These robots are low cost, which increases its acceptance by small & medium businesses. These robotic solutions target SMEs to cater to their specialized demands. Furthermore, various manufacturing sectors across the globe are adopting energy efficient robots to assist their employees in doing critical tasks without any interruption. 

Increase usage of robots in several industries

Earlier, use of robots, was only limited to the automotive and manufacturing sector. However, with the availability of customized solutions, industries including healthcare, defense & security, aerospace, education, food & beverage, domestic, and electronics are adopting robotics technology, to enhance their efficiency. The rise in demand from the healthcare sector for tele-surgery and care for the elderly and disabled people has also increased the sale of robots. Defense and security sectors are also implementing robotics at a high pace for bomb diffusion, mine detection, and monitoring. In the coming years, robotics technology will be used for different applications. This is expected to boosting the growth of the market.

Key Benefits for Stakeholders 

  • The study provides an in-depth analysis of the global robotics technology market forecast along with the current & future trends to elucidate the imminent investment pockets.

  • Information about key drivers, restraints, and opportunities and their impact analysis on the global robotics technology market size is provided in the report.

  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.

  • The quantitative analysis of the robotics technology market for the period 2020–2027 is provided to determine the market potential.

Key Market Segments

By Component

  • Hardware
  • Software
  • Service

By Type of Robots

  • Traditional Industrial Robots
  • Cobots
  • Professional Service Robots 
  • Others

By Application

  • Manufacturing
    • Automotive
    • Electrical/Electronics
    • Metal & Machinery
    • Plastic & Chemical Products
    • Food & Beverages
    • Others
  • Healthcare
  • Aerospace & Defense
  • Media & Entertainment
  • Logistics 
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe 
    • Germany
    • UK
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia-Pacific 
    • China
    • India
    • Japan
    • Singapore
    • South Korea
    • Thailand
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America 
    • Middle East
    • Africa

Key Market Players

  • ABB Ltd
  • Denso Corporation
  • Fanuc Corporation
  • KUKA AG
  • Kawasaki Robotics (Kawasaki Heavy Industries, Ltd.)
  • Mitsubishi Electric Corporation
  • OMRON Corporation
  • Seiko Epson Corporation 
  • Stäubli International AG
  • Yaskawa Electric Corporation
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools & models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings

2.1.1.Top impacting factors
2.1.2.Top investment pockets

2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key forces shaping global robotics technology market
3.3.Case Studies

3.3.1.Case Study 1
3.3.2.Case Study 2

3.4.Market dynamics

3.4.1.Drivers

3.4.1.1.Rise in need for automation and safety in organizations
3.4.1.2.Availability of affordable and energy efficient robots
3.4.1.3.Increase usage of robots in several industries
3.4.1.4.Rise in labor and energy cost

3.4.2.Restraints

3.4.2.1.High implementation cost
3.4.2.2.Lack of awareness among the SMEs

3.4.3.Opportunity

3.4.3.1.Growth in adoption of robotics technology in emerging countries

CHAPTER 4:GLOBAL ROBOTICS TECHNOLOGY MARKET, BY COMPONENT

4.1.Overview
4.2.Hardware

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.Software

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

4.4.Services

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis, by country

CHAPTER 5:GLOBAL ROBOTICS TECHNOLOGY MARKET, BY TYPE OF ROBOTS

5.1.Overview
5.2.Traditional Industrial Robots

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country

5.3.Professional Service Robots

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country

5.4.Cobots

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis, by country

5.5.Others

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by region
5.5.3.Market analysis, by country

CHAPTER 6:GLOBAL ROBOTICS TECHNOLOGY MARKET, BY APPLICATION

6.1.Overview
6.2.Manufacturing

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis, by country

6.3.Healthcare

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country

6.4.Aerospace & Defense

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market analysis, by country

6.5.Media & Entertainment

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by region
6.5.3.Market analysis, by country

6.6.Logistics

6.6.1.Key market trends, growth factors, and opportunities
6.6.2.Market size and forecast, by region
6.6.3.Market analysis, by country

6.7.Others

6.7.1.Key market trends, growth factors, and opportunities
6.7.2.Market size and forecast, by region
6.7.3.Market analysis, by country

CHAPTER 7:ROBOTICS TECHNOLOGY MARKET, BY REGION

7.1.Overview
7.2.North America

7.2.1.Key market trends, growth factors and opportunities
7.2.2.Market size and forecast, by component
7.2.3.Market size and forecast, by type of robots
7.2.4.Market size and forecast, by application
7.2.5.Market analysis, by country

7.2.5.1.U.S.

7.2.5.1.1.Market size and forecast, by component
7.2.5.1.2.Market size and forecast, by type of robots
7.2.5.1.3.Market size and forecast, by application

7.2.5.2.Canada

7.2.5.2.1.Market size and forecast, by component
7.2.5.2.2.Market size and forecast, by type of robots
7.2.5.2.3.Market size and forecast, by application

7.3.Europe

7.3.1.Key market trends, growth factors and opportunities
7.3.2.Market size and forecast, by component
7.3.3.Market size and forecast, by type of robots
7.3.4.Market size and forecast, by application
7.3.5.Market analysis, by country

7.3.5.1.Germany

7.3.5.1.1.Market size and forecast, by component
7.3.5.1.2.Market size and forecast, by type of robots
7.3.5.1.3.Market size and forecast, by application

7.3.5.2.UK

7.3.5.2.1.Market size and forecast, by component
7.3.5.2.2.Market size and forecast, by type of robots
7.3.5.2.3.Market size and forecast, by application

7.3.5.3.Spain

7.3.5.3.1.Market size and forecast, by component
7.3.5.3.2.Market size and forecast, by type of robots
7.3.5.3.3.Market size and forecast, by application

7.3.5.4.Italy

7.3.5.4.1.Market size and forecast, by component
7.3.5.4.2.Market size and forecast, by type of robots
7.3.5.4.3.Market size and forecast, by application

7.3.5.5.France

7.3.5.5.1.Market size and forecast, by component
7.3.5.5.2.Market size and forecast, by type of robots
7.3.5.5.3.Market size and forecast, by application

7.3.5.6.Rest of Europe

7.3.5.6.1.Market size and forecast, by component
7.3.5.6.2.Market size and forecast, by type of robots
7.3.5.6.3.Market size and forecast, by application

7.4.Asia-Pacific

7.4.1.Key market trends, growth factors and opportunities
7.4.2.Market size and forecast, by component
7.4.3.Market size and forecast, by type of robots
7.4.4.Market size and forecast, by application
7.4.5.Market analysis, by country

7.4.5.1.China

7.4.5.1.1.Market size and forecast, by component
7.4.5.1.2.Market size and forecast, by type of robots
7.4.5.1.3.Market size and forecast, by application

7.4.5.2.India

7.4.5.2.1.Market size and forecast, by component
7.4.5.2.2.Market size and forecast, by type of robots
7.4.5.2.3.Market size and forecast, by application

7.4.5.3.Japan

7.4.5.3.1.Market size and forecast, by component
7.4.5.3.2.Market size and forecast, by type of robots
7.4.5.3.3.Market size and forecast, by application

7.4.5.4.Singapore

7.4.5.4.1.Market size and forecast, by component
7.4.5.4.2.Market size and forecast, by type of robots
7.4.5.4.3.Market size and forecast, by application

7.4.5.5.South Korea

7.4.5.5.1.Market size and forecast, by component
7.4.5.5.2.Market size and forecast, by type of robots
7.4.5.5.3.Market size and forecast, by application

7.4.5.6.Thailand

7.4.5.6.1.Market size and forecast, by component
7.4.5.6.2.Market size and forecast, by type of robots
7.4.5.6.3.Market size and forecast, by application

7.4.5.7.Rest of Asia-Pacific

7.4.5.7.1.Market size and forecast, by component
7.4.5.7.2.Market size and forecast, by type of robots
7.4.5.7.3.Market size and forecast, by application

7.5.LAMEA

7.5.1.Key market trends, growth factors and opportunities
7.5.2.Market size and forecast, by component
7.5.3.Market size and forecast, by type of robots
7.5.4.Market size and forecast, by application
7.5.5.Market analysis, by country

7.5.5.1.Latin America

7.5.5.1.1.Market size and forecast, by component
7.5.5.1.2.Market size and forecast, by type of robots
7.5.5.1.3.Market size and forecast, by application

7.5.5.2.Middle East

7.5.5.2.1.Market size and forecast, by component
7.5.5.2.2.Market size and forecast, by type of robots
7.5.5.2.3.Market size and forecast, by application

7.5.5.3.Africa

7.5.5.3.1.Market size and forecast, by component
7.5.5.3.2.Market size and forecast, by type of robots
7.5.5.3.3.Market size and forecast, by application

CHAPTER 8:COMPANY PROFILE

8.1.ABB Ltd.

8.1.1.Company overview
8.1.2.Key Executives
8.1.3.Company snapshot
8.1.4.Operating business segments
8.1.5.Product portfolio
8.1.6.R&D Expenditure
8.1.7.Business performance
8.1.8.Key strategic moves and developments

8.2.Denso Corporation

8.2.1.Company overview
8.2.2.Key Executives
8.2.3.Company snapshot
8.2.4.Product portfolio
8.2.5.R&D Expenditure
8.2.6.Business performance
8.2.7.Key strategic moves and developments

8.3.Fanuc Corporation

8.3.1.Company overview
8.3.2.Key Executives
8.3.3.Company snapshot
8.3.4.Operating business segments
8.3.5.Product portfolio
8.3.6.Business performance
8.3.7.Key strategic moves and developments

8.4.KUKA AG

8.4.1.Company overview
8.4.2.Key Executives
8.4.3.Company snapshot
8.4.4.Operating business segments
8.4.5.Product portfolio
8.4.6.Business performance
8.4.7.Key strategic moves and developments

8.5.Kawasaki Robotics (Kawasaki Heavy Industries, Ltd.)

8.5.1.Company overview
8.5.2.Key Executives
8.5.3.Company snapshot
8.5.4.Operating business segments
8.5.5.Product portfolio
8.5.6.Business performance
8.5.7.Key strategic moves and developments

8.6.Mitsubishi Electric Corporation

8.6.1.Company overview
8.6.2.Key Executives
8.6.3.Company snapshot
8.6.4.Operating business segments
8.6.5.R&D Expenditure
8.6.6.Product portfolio
8.6.7.Business performance
8.6.8.Key strategic moves and developments

8.7.OMRON Corporation

8.7.1.Company overview
8.7.2.Key Executives
8.7.3.Company snapshot
8.7.4.Operating business segments
8.7.5.Product portfolio
8.7.6.Business performance
8.7.7.Key strategic moves and developments

8.8.Yaskawa Electric Corporation

8.8.1.Company overview
8.8.2.Key Executives
8.8.3.Company snapshot
8.8.4.Operating business segments
8.8.5.Product portfolio
8.8.6.Business performance
8.8.7.Key strategic moves and developments

8.9.Seiko Epson Corporation

8.9.1.Company overview
8.9.2.Key Executives
8.9.3.Company snapshot
8.9.4.Operating business segments
8.9.5.Product portfolio
8.9.6.Business performance
8.9.7.Key strategic moves and developments

8.10.Stäubli International AG

8.10.1.Company overview
8.10.2.Key Executive
8.10.3.Company snapshot
8.10.4.Product portfolio
8.10.5.Key strategic moves and developments

LIST OF TABLES

TABLE 01.GLOBAL ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 02.ROBOTICS TECHNOLOGY MARKET REVENUE FOR HARDWARE, BY REGION, 2019–2027 ($MILLION)
TABLE 03.ROBOTICS TECHNOLOGY MARKET REVENUE FOR SOFTWARE, BY REGION, 2019–2027 ($MILLION)
TABLE 04.ROBOTICS TECHNOLOGY MARKET REVENUE FOR SERVICES, BY REGION, 2019–2027 ($MILLION)
TABLE 05.GLOBAL ROBOTICS TECHNOLOGY MARKET REVENUE, BY TYPE OF ROBOTS, 2019–2027 ($MILLION)
TABLE 06.ROBOTICS TECHNOLOGY MARKET REVENUE FOR TRADITIONAL INDUSTRIAL ROBOTS, BY REGION, 2019–2027 ($MILLION)
TABLE 07.GLOBAL ROBOTICS TECHNOLOGY MARKET REVENUE FOR PROFESSIONAL SERVICE ROBOTS, BY REGION,  2019–2027 ($MILLION)
TABLE 08.ROBOTICS TECHNOLOGY MARKET REVENUE FOR COBOTS, BY REGION, 2019–2027 ($MILLION)
TABLE 09.ROBOTICS TECHNOLOGY MARKET REVENUE FOR OTHERS, BY REGION, 2019–2027 ($MILLION)
TABLE 10.GLOBAL ROBOTICS TECHNOLOGY MARKET REVENUE, BY TYPE OF ROBOTS, 2019–2027 ($MILLION)
TABLE 11.ROBOTICS TECHNOLOGY MARKET REVENUE FOR MANUFACTURING, BY REGION, 2019–2027 ($MILLION)
TABLE 12.ROBOTICS TECHNOLOGY MARKET REVENUE FOR HEALTHCARE, BY REGION, 2019–2027 ($MILLION)
TABLE 13.GLOBAL ROBOTICS TECHNOLOGY MARKET REVENUE FOR AEROSPACE & DEFENSE, BY REGION,  2019–2027 ($MILLION)
TABLE 14.ROBOTICS TECHNOLOGY MARKET REVENUE FOR MEDIA & ENTERTAINMENT, BY REGION, 2019–2027 ($MILLION)
TABLE 15.ROBOTICS TECHNOLOGY MARKET REVENUE FOR LOGISTICS, BY REGION, 2019–2027 ($MILLION)
TABLE 16.ROBOTICS TECHNOLOGY MARKET REVENUE FOR OTHERS, BY REGION, 2019–2027 ($MILLION)
TABLE 17.ROBOTICS TECHNOLOGY MARKET REVENUE, BY REGION, 2019–2027 ($MILLION)
TABLE 18.NORTH AMERICA ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 19.NORTH AMERICA ROBOTICS TECHNOLOGY MARKET REVENUE, BY TYPE OF ROBOTS, 2019–2027 ($MILLION)
TABLE 20.NORTH AMERICA ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 21.NORTH AMERICA ROBOTICS TECHNOLOGY MARKET REVENUE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 22.U.S. ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 23.U.S. ROBOTICS TECHNOLOGY MARKET REVENUE, BY TYPE OF ROBOTS, 2019–2027 ($MILLION)
TABLE 24.U.S. ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 25.CANADA ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 26.CANADA ROBOTICS TECHNOLOGY MARKET REVENUE, BY TYPE OF ROBOTS, 2019–2027 ($MILLION)
TABLE 27.CANADA ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 28.EUROPE ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 29.EUROPE ROBOTICS TECHNOLOGY MARKET REVENUE, BY TYPE OF ROBOTS, 2019–2027 ($MILLION)
TABLE 30.EUROPE ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 31.EUROPE ROBOTICS TECHNOLOGY MARKET REVENUE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 32.GERMANY ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 33.GERMANY ROBOTICS TECHNOLOGY MARKET REVENUE, BY TYPE OF ROBOTS, 2019–2027 ($MILLION)
TABLE 34.GERMANY ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 35.UK ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 36.UK ROBOTICS TECHNOLOGY MARKET REVENUE, BY TYPE OF ROBOTS, 2019–2027 ($MILLION)
TABLE 37.UK ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 38.SPAIN ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 39.SPAIN ROBOTICS TECHNOLOGY MARKET REVENUE, BY TYPE OF ROBOTS, 2019–2027 ($MILLION)
TABLE 40.SPAIN ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 41.ITALY ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 42.ITALY ROBOTICS TECHNOLOGY MARKET REVENUE, BY TYPE OF ROBOTS, 2019–2027 ($MILLION)
TABLE 43.ITALY ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 44.FRANCE ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 45.FRANCE ROBOTICS TECHNOLOGY MARKET REVENUE, BY TYPE OF ROBOTS, 2019–2027 ($MILLION)
TABLE 46.FRANCE ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 47.REST OF EUROPE ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 48.REST OF EUROPE ROBOTICS TECHNOLOGY MARKET REVENUE, BY TYPE OF ROBOTS, 2019–2027 ($MILLION)
TABLE 49.REST OF EUROPE ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 50.ASIA-PACIFIC ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 51.ASIA-PACIFIC ROBOTICS TECHNOLOGY MARKET REVENUE, BY TYPE OF ROBOTS, 2019–2027 ($MILLION)
TABLE 52.ASIA-PACIFIC ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 53.ASIA-PACIFIC ROBOTICS TECHNOLOGY MARKET REVENUE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 54.CHINA ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 55.CHINA ROBOTICS TECHNOLOGY MARKET REVENUE, BY TYPE OF ROBOTS, 2019–2027 ($MILLION)
TABLE 56.CHINA ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 57.INDIA ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 58.INDIA ROBOTICS TECHNOLOGY MARKET REVENUE, BY TYPE OF ROBOTS, 2019–2027 ($MILLION)
TABLE 59.INDIA ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 60.JAPAN ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 61.JAPAN ROBOTICS TECHNOLOGY MARKET REVENUE, BY TYPE OF ROBOTS, 2019–2027 ($MILLION)
TABLE 62.JAPAN ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 63.SINGAPORE ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 64.SINGAPORE ROBOTICS TECHNOLOGY MARKET REVENUE, BY TYPE OF ROBOTS, 2019–2027 ($MILLION)
TABLE 65.SINGAPORE ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 66.SOUTH KOREA ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 67.SOUTH KOREA ROBOTICS TECHNOLOGY MARKET REVENUE, BY TYPE OF ROBOTS, 2019–2027 ($MILLION)
TABLE 68.SOUTH KOREA ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 69.THAILAND ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 70.THAILAND ROBOTICS TECHNOLOGY MARKET REVENUE, BY TYPE OF ROBOTS, 2019–2027 ($MILLION)
TABLE 71.THAILAND ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 72.REST OF ASIA-PACIFIC ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 73.REST OF ASIA-PACIFIC ROBOTICS TECHNOLOGY MARKET REVENUE, BY TYPE OF ROBOTS, 2019–2027 ($MILLION)
TABLE 74.REST OF ASIA-PACIFIC ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 75.LAMEA ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 76.LAMEA ROBOTICS TECHNOLOGY MARKET REVENUE, BY TYPE OF ROBOTS, 2019–2027 ($MILLION)
TABLE 77.LAMEA ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 78.LAMEA ROBOTICS TECHNOLOGY MARKET REVENUE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 79.LATIN AMERICA ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 80.LATIN AMERICA ROBOTICS TECHNOLOGY MARKET REVENUE, BY TYPE OF ROBOTS, 2019–2027 ($MILLION)
TABLE 81.LATIN AMERICA ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 82.MIDDLE EAST ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 83.MIDDLE EAST ROBOTICS TECHNOLOGY MARKET REVENUE, BY TYPE OF ROBOTS, 2019–2027 ($MILLION)
TABLE 84.MIDDLE EAST ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 85.AFRICA ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 86.AFRICA ROBOTICS TECHNOLOGY MARKET REVENUE, BY TYPE OF ROBOTS, 2019–2027 ($MILLION)
TABLE 87.AFRICA ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 88.ABB LTD: KEY EXECUTIVES
TABLE 89.ABB LTD: COMPANY SNAPSHOT
TABLE 90.ABB LTD: OPERATING SEGMENTS
TABLE 91.ABB LTD: PRODUCT PORTFOLIO
TABLE 92.FANUC CORPORATION: KEY EXECUTIVES
TABLE 93.FANUC CORPORATION: COMPANY SNAPSHOT
TABLE 94.FANUC CORPORATION.: OPERATING SEGMENTS
TABLE 95.FANUC CORPORATION.: PRODUCT PORTFOLIO
TABLE 96.FANUC CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 97.KUKA AG: KEY EXECUTIVES
TABLE 98.KUKA AG: COMPANY SNAPSHOT
TABLE 99.KUKA AG: OPERATING SEGMENTS
TABLE 100.KUKA AG: PRODUCT PORTFOLIO
TABLE 101.KUKA AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 102.KAWASAKI: COMPANY SNAPSHOT
TABLE 103.KAWASAKI (KAWASAKI HEAVY INDUSTRIES, LTD.): OPERATING SEGMENTS
TABLE 104.KAWASAKI: PRODUCT PORTFOLIO
TABLE 105.KAWASAKI (KAWASAKI HEAVY INDUSTRIES, LTD.): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 106.MITSUBISHI ELECTRIC CORPORATION.: KEY EXECUTIVES
TABLE 107.MITSUBISHI ELECTRIC CORPORATION.: COMPANY SNAPSHOT
TABLE 108.MITSUBISHI ELECTRIC CORPORATION: OPERATING SEGMENTS
TABLE 109.MITSUBISHI ELECTRIC CORPORATION: PRODUCT PORTFOLIO
TABLE 110.OMRON CORPORATION.: KEY EXECUTIVES
TABLE 111.OMRON CORPORATION: COMPANY SNAPSHOT
TABLE 112.OMRON CORPORATION: OPERATING SEGMENTS
TABLE 113.OMRON CORPORATION: PRODUCT PORTFOLIO
TABLE 114.OMRON CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 115.YASKAWA ELECTRIC CORPORATION.: KEY EXECUTIVES
TABLE 116.YASKAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT
TABLE 117.YASKAWA ELECTRIC CORPORATION: OPERATING SEGMENTS
TABLE 118.YASKAWA ELECTRIC CORPORATION: PRODUCT PORTFOLIO
TABLE 119.YASKAWA ELECTRIC CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 120.SEIKO EPSON CORPORATION.: KEY EXECUTIVES
TABLE 121.SEIKO EPSON CORPORATION: COMPANY SNAPSHOT
TABLE 122.SEIKO EPSON CORPORATION: OPERATING SEGMENTS
TABLE 123.SEIKO EPSON CORPORATION: PRODUCT PORTFOLIO
TABLE 124.SEIKO EPSON CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 125.STÄUBLI INTERNATIONAL AG.: KEY EXECUTIVE
TABLE 126.STÄUBLI INTERNATIONAL AG: COMPANY SNAPSHOT
TABLE 127.STÄUBLI INTERNATIONAL AG: PRODUCT PORTFOLIO
TABLE 128.STÄUBLI INTERNATIONAL AG: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.GLOBAL ROBOTICS TECHNOLOGY MARKET, 2019-2027
FIGURE 03.GLOBAL ROBOTICS TECHNOLOGY MARKET, BY REGION, 2019-2027
FIGURE 04.ROBOTICS TECHNOLOGY MARKET: TOP IMPACTING FACTOR
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 07.MODERATE-TO-HIGH BARGAINING POWER OF BUYER
FIGURE 08.MODERATE-TO-HIGH THREAT OF SUBSTITUTES
FIGURE 09.MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 10.MODERATE-TO-HIGH COMPETITIVE RIVALRY
FIGURE 11.GLOBAL ROBOTICS TECHNOLOGY MARKET, BY COMPONENT, 2019–2027
FIGURE 12.COMPARATIVE SHARE ANALYSIS OF ROBOTICS TECHNOLOGY MARKET FOR HARDWARE, BY COUNTRY, 2019 & 2027 (%)
FIGURE 13.COMPARATIVE SHARE ANALYSIS OF ROBOTICS TECHNOLOGY MARKET FOR SOFTWARE, BY COUNTRY, 2019 & 2027 (%)
FIGURE 14.COMPARATIVE SHARE ANALYSIS OF ROBOTICS TECHNOLOGY MARKET FOR SERVICES, BY COUNTRY, 2019 & 2027 (%)
FIGURE 15.GLOBAL ROBOTICS TECHNOLOGY MARKET, BY TYPE OF ROBOTS, 2019–2027
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF ROBOTICS TECHNOLOGY MARKET FOR TRADITIONAL INDUSTRIAL ROBOTS, BY COUNTRY, 2019 & 2027(%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF ROBOTICS TECHNOLOGY MARKET FOR PROFESSIONAL SERVICE ROBOTS, BY COUNTRY, 2019 & 2027(%)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF ROBOTICS TECHNOLOGY MARKET FOR COBOTS, BY COUNTRY, 2019 & 2027(%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF ROBOTICS TECHNOLOGY MARKET FOR OTHERS, BY COUNTRY, 2019 & 2027(%)
FIGURE 20.GLOBAL ROBOTICS TECHNOLOGY MARKET, BY APPLICATION, 2019–2027
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF ROBOTICS TECHNOLOGY MARKET FOR MANUFACTURING, BY COUNTRY, 2019 & 2027(%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF ROBOTICS TECHNOLOGY MARKET FOR HEALTHCARE, BY COUNTRY, 2019 & 2027(%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF ROBOTICS TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE, BY COUNTRY, 2019 & 2027(%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF ROBOTICS TECHNOLOGY MARKET FOR MEDIA & ENTERTAINMENT, BY COUNTRY, 2019 & 2027(%)
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF ROBOTICS TECHNOLOGY MARKET FOR LOGISTICS, BY COUNTRY, 2019 & 2027(%)
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF ROBOTICS TECHNOLOGY MARKET FOR OTHERS, BY COUNTRY, 2019 & 2027(%)
FIGURE 27.U.S. ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 28.CANADA ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 29.GERMANY ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 30.UK ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 31.SPAIN ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 32.ITALY ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 33.FRANCE ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 34.REST OF EUROPE ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 35.CHINA ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 36.INDIA ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 37.JAPAN ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 38.SINGAPORE ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 39.SOUTH KOREA ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 40.THAILAND ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 41.REST OF ASIA-PACIFIC ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 42.LATIN AMERICA ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 43.MIDDLE EAST ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 44.AFRICA ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 45.R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 46.ABB LTD: REVENUE, 2016–2018 ($MILLION)
FIGURE 47.ABB LTD: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 48.ABB LTD: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 49.R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 50.DENSO CORPORATION: REVENUE, 2016–2018 ($MILLION)
FIGURE 51.DENSO CORPORATION: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 52.FANUC CORPORATION: REVENUE, 2016–2018 ($MILLION)
FIGURE 53.FANUC CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 54.FANUC CORPORATION: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 55.KUKA AG: REVENUE, 2016–2018 ($MILLION)
FIGURE 56.KUKA AG: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 57.KUKA AG: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 58.KAWASAKI (KAWASAKI HEAVY INDUSTRIES, LTD.): NET SALES, 2016–2018 ($MILLION)
FIGURE 59.KAWASAKI (KAWASAKI HEAVY INDUSTRIES, LTD.): REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 60.R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 61.MITSUBISHI ELECTRIC CORPORATION: REVENUE, 2016-2018 ($MILLION)
FIGURE 62.MITSUBISHI ELECTRIC CORPORATION: REVENUE SHARE BY SEGMENT, 2017 (%)  
FIGURE 63.MITSUBISHI ELECTRIC CORPORATION: REVENUE SHARE BY REGION, 2017 (%)
FIGURE 64.OMRON CORPORATION: REVENUE, 2016–2018 ($MILLION)
FIGURE 65.OMRON CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 66.OMRON CORPORATION: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 67.YASKAWA ELECTRIC CORPORATION: REVENUE, 2016–2018 ($MILLION)
FIGURE 68.YASKAWA ELECTRIC CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 69.SEIKO EPSON CORPORATION: REVENUE, 2016–2018 ($MILLION)
FIGURE 70.SEIKO EPSON CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 71.SEIKO EPSON CORPORATION: REVENUE SHARE BY REGION, 2018 (%)

 
 

There is an increase in the adoption of robotics technology over the time due to rise in demand for automation in different industries such as manufacturing and healthcare. In addition, major players in the market are developing affordable, small, compact, and energy efficient robotic solutions to reach a wider customer base. Furthermore, many small & medium size enterprises are adopting robotics technology for efficient and better functioning of their organizations. In addition, different vendors in the market are developing specialized low cost and energy efficient robotic solutions for SMEs, which enhance the adoption of robotics. 

Increase in economic strength of developing nations such as India, Indonesia, Thailand, and others is expected to provide lucrative opportunities for the market growth. Asia-pacific is expected to dominate the market during the forecast period. Moreover, the emerging countries in Asia-Pacific and Latin America are projected to offer significant growth opportunities during the forecast period. The global players are focusing toward product development and increasing their geographical presence, owing to rise in competition among local vendors in terms of features, quality, and price. In addition, these players are adopting various business strategies to enhance their product offerings and strengthen their foothold in the market. For instance, in November 2019, ABB Ltd collaborated with B&R for developing a fully integrated machine centric robotics solution, which enables manufacturers to embrace the trend of mass customization and enhance their flexibility and precision in merging of robots.
 

 

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