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The cloud robotics market size is forecast to increase by USD 13.24 billion at a CAGR of 26.35% between 2023 and 2028.
The cloud robotics industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The industrial segment is estimated to witness significant growth during the forecast period.
The industrial robot market encompasses robots utilized in various sectors including automotive, metals and machinery, electrical and electronics, chemicals, rubbers and plastics, food and beverages, glass and ceramics, paper and printing, textiles and apparel, and more. These robots are predominantly employed for applications such as material handling, assembling and disassembling, welding and soldering, cutting, deburring, grinding, painting, sealing, bonding, and clean room processes. SMEs are a significant driving force behind the growth of this market. Manufacturers are increasingly adopting smart manufacturing methods that integrate robotics, automation, artificial intelligence (AI), and cloud computing. Industrial robots facilitate cost savings and productivity gains through automation of repetitive tasks, while enhancing safety and ensuring regulatory compliance.
Robotic services, including autonomous navigation, predictive maintenance, and remote control, are further augmenting the market's expansion. The integration of deep learning, data analytics, and open-source robotics into cloud robotics platforms is enabling advanced capabilities such as object recognition, natural language processing, computer vision, and human-robot collaborative robots. The market trends also include the development of smart cities, efficiency gains through robotic process automation, and the integration of edge computing and robotic hardware for improved quality and service robots. Additionally, robotic security and data privacy are becoming increasingly important considerations in the market.
The Industrial segment was valued at USD 2.41 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 46% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The robotics market in APAC is experiencing significant growth due to government initiatives to fund robotics innovations and the entry of international companies into markets like China, Japan, South Korea, Australia, Taiwan, India, and Hong Kong. While the medical sector will drive the majority of robot demand, cloud robotics is poised to expand in various non-manufacturing industries, including hospitality and tourism, agriculture, and education and research. In Japan, the aging population has led to increased robot adoption in sectors such as surgical healthcare, hospitality, and tourism. Cloud robotics, which involves using cloud computing for robot control, data analytics, and predictive maintenance, is a key trend driving efficiency gains and reduced risk in various industries.
Robotic services, including autonomous navigation, task automation, and human-robot collaboration, are also gaining popularity. Robotic hardware, software, and integration are essential components of cloud robotics platforms, which enable enhanced safety, improved quality, and regulatory compliance. Additionally, deep learning, object recognition, natural language processing, and computer vision are critical technologies in robotics, while data privacy and security are paramount concerns. Robotic ethics and open-source robotics are also emerging areas of focus. Edge computing and path planning are essential for optimizing robot performance and reducing latency. Overall, the robotics market is evolving rapidly, with advancements in artificial intelligence, machine learning, and the Internet of Things driving innovation and growth.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The Global Cloud Robotics Market, projected to grow significantly, thrives with cloud robotics for manufacturing and AI-driven robotic systems. Cloud robotics market trends 2024 highlight collaborative robots with cloud and real-time robotic data processing. Robotics for warehouse automation and cloud robotics for logistics drive demand, per cloud robotics market forecast. Edge computing for robotics leverages cloud robotics with 5G connectivity, while robotics for smart factories enhances efficiency. Cloud robotics for healthcare and robotic process automation ensure scalability. Cloud robotics for retail, sustainable robotic solutions, and cloud robotics supply chain optimize performance. Robotics for industrial IoT, advanced cloud robotics technologies, cloud robotics for global markets, robotics for operational efficiency, and cloud robotics for B2B sectors fuel growth through 2028.
The cloud robotics market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the cloud robotics market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, cloud robotics market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
ABB Ltd. - The company specializes in cloud robotics technology, providing innovative solutions through offerings like ABB Ability. Our products are designed to enhance industrial automation and optimize business processes. By leveraging advanced algorithms and machine learning, we deliver robust and adaptive systems that streamline operations and improve efficiency. Our commitment to cutting-edge research and development ensures our clients remain at the forefront of technological advancements. Our cloud robotics solutions are engineered for seamless integration, allowing businesses to easily adopt and scale as needed. By focusing on user experience and reliability, we empower our clients to make data-driven decisions and drive operational excellence.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The robotic market is experiencing significant growth and innovation, driven by the adoption of robotic solutions in various industries. Robotic training and education are becoming essential components of workforce development, fostering a robust robotic ecosystem. The future of robotics is shaped by digital twins and virtual simulations, enabling remote and cloud-based robotics. Robotic startups and venture capital investments continue to fuel innovation, addressing the challenges of robotic deployment and development. Robotic trends include the integration of artificial intelligence and machine learning, as well as the use of digital twins for predictive maintenance and optimization.
The robotic cloud and remote robotics are transforming industries, offering scalable and cost-effective solutions for businesses. Robotic research and development are advancing rapidly, creating new opportunities for robotic applications and a growing robotic workforce. The robotic market is poised for continued disruption and innovation, shaping the future of manufacturing, logistics, healthcare, and beyond.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Cloud Robotics Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
167 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 26.35% |
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Market growth 2024-2028 |
USD 13238 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
20.49 |
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Key countries |
US, China, Germany, Japan, UK, Australia, India, France, Brazil, UAE, Rest of World (ROW), Saudi Arabia, France, South Korea, Mexico, Italy, and Spain |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Market Segmentation by Deployment Type
9 Market Segmentation by End-User
10 Market Segmentation by Technology Specificity
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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