Cloud Robotics Market by Application, Product, and Geography - Forecast and Analysis 2022-2026

Published: Apr 2022

Pages: 150

SKU: IRTNTR73161

Snapshot

The cloud robotics market share is expected to increase to USD 10.11 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 22.26%.

The report extensively covers cloud robotics market segmentations by the following:

Application - Industrial and services industry
Product - Hardware, software, and services
Geography (APAC, Europe, North America, Middle East and Africa, and South America

The cloud robotics market report offers information on several market vendors, including ABB Ltd., Amazon.com Inc., Calvary Robotics, FANUC Corp., HIT Robot Group, Innovation Matrix Inc., International Business Machines Corp., Irobot Corp., Lincoln Electric Holdings Inc., Microsoft Corp., Ortelio Ltd., Preferred Networks Inc., Rapyuta Robotics Co. Ltd., ReconRobotics Inc., Rockwell Automation Inc., Seegrid Corp., Skymind Global Ltd., SoftBank Robotics Group Corp., Teradyne Inc., and Yaskawa Electric Corp. among others.

This cloud robotics market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.

What will the Cloud Robotics Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Cloud Robotics Market Size for the Forecast Period and Other Important Statistics

Cloud Robotics Market: Key Drivers, Trends, and Challenges

The advantages offered by cloud robotics is notably driving the cloud robotics market growth, although factors such as lack of technical expertise may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the cloud robotics industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Cloud Robotics Market Driver

The advantages offered by cloud robotics is one of the key drivers supporting the cloud robotics market growth.
Cloud robotics ensures that the end-users can benefit from the computational power, storage, and communications resources, that are integral parts of modern data centers.
Reduction in overheads that are incurred due to maintenance and software updates enable the offloading of intensive tasks to the cloud reduction in dependence on custom middleware.
Cloud robotics ensures that end-users have access to shared knowledge and skills that map to different task requirements and environmental complexities and enhance the mapping, navigation, SLAM, and grasping capabilities of service robots. These advantages offered by cloud robotics will drive the cloud robotics market growth during the forecast period.

Key Cloud Robotics Market Trend

The increasing potential of telepresence robots is one of the key cloud robotics market trends that is contributing to market growth.
Physicians located offsite instruct medical technicians to examine and treat patients in real-time through telepresence solutions.
Advanced telepresence solutions such as telepresence robots can enable physicians to reduce barriers of distance and obtain the desired view of patients. Thus, accurate diagnosis will remain uncompromised enabling physicians to precisely instruct technicians about treatments and surgical procedures.
More than 200 telemedicine networks utilizing telepresence solutions including telepresence robots are currently operational in the US and are connecting over 2,500 institutions nationwide. Thus, as healthcare facilities witness improvements, it is expected that an increased number of vendors will enter the cloud robotics market to capitalize on the advantages of these robots for the medical and healthcare sectors.

Key Cloud Robotics Market Challenge

Lack of technical expertise is one of the factors hindering the cloud robotics market growth.
End-users are required to have knowledge of robots and periodic servicing necessities to ensure smooth operations.
The lack of technical knowledge often deters end-users from adopting robots as they consider the downtime required for maintenance as a considerable loss. This factor is a major challenge as end-users are hesitating to learn and adopt new technologies of operations.
The lack of skilled operators and required training has resulted in the decrease in the use of large-scale robotic automation as substantial time, training, and budget must be allocated for the successful implementation of cloud robots. These factors will limit the cloud robotics market growth during the forecast period.

This cloud robotics market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Cloud Robotics Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

This statistical study of the cloud robotics market encompasses successful business strategies deployed by the key vendors. The cloud robotics market is fragmented and the vendors are deploying growth strategies such as product features, price, customized solutions, and services offered to compete in the market.

Product Insights and News

ABB Ltd. - Under the electrification segment, the company manufactures and sells electrical products and solutions which are designed to provide safe, smart, and sustainable electrical flow from the substation to the socket.
ABB Ltd. - The company offers cloud robotics products such as ABB Ability.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The cloud robotics market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Cloud Robotics Market?

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44% of the market's growth will originate from APAC during the forecast period. China, Japan, and South Korea are the key markets for the cloud robotics market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increase in initiatives by governments to fund innovations in the robotics sector will facilitate the cloud robotics market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 pandemic positively impacted the growth of the cloud robotics market in APAC in 2020. Moreover, developments in the healthcare industry and the increasing installation of robots in retail and public places for the assistance and safety of individuals are expected to increase the demand for cloud robotics. This will further drive the growth of the regional market during the forecast period.

What are the Revenue-generating Application Segments in the Cloud Robotics Market?

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The cloud robotics market share growth by the industrial segment will be significant during the forecast period. Industrial robots considered in the scope of the report include robots used by end-user markets such as automotive, metals and machinery, and others. These robots are primarily used for applications such as material handling, assembling and disassembling, and others. The market for industrial robots is encouraged by small- and medium-sized enterprises (SMEs). Thus, manufacturers in industries are expected to increasingly adopt smart manufacturing techniques involving robotics, automation, artificial intelligence (AI), and cloud computing during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the cloud robotics market size and actionable market insights on post COVID-19 impact on each segment.

Parent Market Analysis

Technavio categorizes the global cloud robotics market as a part of the global information technology (IT) spending market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the cloud robotics market during the forecast period.

Cloud Robotics Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the cloud robotics market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Cloud Robotics Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 22.26%
Market growth 2022-2026	$ 10.11 billion
Market structure	Fragmented
YoY growth (%)	21.19
Regional analysis	APAC, Europe, North America, Middle East and Africa, and South America
Performing market contribution	APAC at 44%
Key consumer countries	US, China, Japan, South Korea, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	ABB Ltd., Amazon.com Inc., Calvary Robotics, FANUC Corp., HIT Robot Group, Innovation Matrix Inc., International Business Machines Corp., Irobot Corp., Lincoln Electric Holdings Inc., Microsoft Corp., Ortelio Ltd., Preferred Networks Inc., Rapyuta Robotics Co. Ltd., ReconRobotics Inc., Rockwell Automation Inc., Seegrid Corp., Skymind Global Ltd., SoftBank Robotics Group Corp., Teradyne Inc., and Yaskawa Electric Corp.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Cloud Robotics Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive cloud robotics market growth during the next five years
Precise estimation of the cloud robotics market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the cloud robotics industry across APAC, Europe, North America, Middle East and Africa, and South America
A thorough analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of cloud robotics market vendors

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 18: Five forces analysis - Comparison between2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

5.1 Market segments
- Exhibit 25: Chart on Application - Market share 2021-2026 (%)
- Exhibit 26: Data Table on Application - Market share 2021-2026 (%)

5.2 Comparison by Application
- Exhibit 27: Chart on Comparison by Application
- Exhibit 28: Data Table on Comparison by Application

5.3 Industrial - Market size and forecast 2021-2026
- Exhibit 29: Chart on Industrial - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Data Table on Industrial - Market size and forecast 2021-2026 ($ million)
- Exhibit 31: Chart on Industrial - Year-over-year growth 2021-2026 (%)
- Exhibit 32: Data Table on Industrial - Year-over-year growth 2021-2026 (%)

5.4 Services industry - Market size and forecast 2021-2026
- Exhibit 33: Chart on Services industry - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Data Table on Services industry - Market size and forecast 2021-2026 ($ million)
- Exhibit 35: Chart on Services industry - Year-over-year growth 2021-2026 (%)
- Exhibit 36: Data Table on Services industry - Year-over-year growth 2021-2026 (%)

5.5 Market opportunity by Application
- Exhibit 37: Market opportunity by Application ($ million)

6 Market Segmentation by Product

6.1 Market segments
- Exhibit 38: Chart on Product - Market share 2021-2026 (%)
- Exhibit 39: Data Table on Product - Market share 2021-2026 (%)

6.2 Comparison by Product
- Exhibit 40: Chart on Comparison by Product
- Exhibit 41: Data Table on Comparison by Product

6.3 Software - Market size and forecast 2021-2026
- Exhibit 42: Chart on Software - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on Software - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on Software - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on Software - Year-over-year growth 2021-2026 (%)

6.4 Hardware - Market size and forecast 2021-2026
- Exhibit 46: Chart on Hardware - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on Hardware - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on Hardware - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on Hardware - Year-over-year growth 2021-2026 (%)

6.5 Services - Market size and forecast 2021-2026
- Exhibit 50: Chart on Services - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Services - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Services - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Services - Year-over-year growth 2021-2026 (%)

6.6 Market opportunity by Product
- Exhibit 54: Market opportunity by Product ($ million)

7 Customer Landscape

7.1 Customer landscape overview
- Exhibit 55: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

8.1 Geographic segmentation
- Exhibit 56: Chart on Market share by geography 2021-2026 (%)
- Exhibit 57: Data Table on Market share by geography 2021-2026 (%)

8.2 Geographic comparison
- Exhibit 58: Chart on Geographic comparison
- Exhibit 59: Data Table on Geographic comparison

8.3 APAC - Market size and forecast 2021-2026
- Exhibit 60: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 61: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 62: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 63: Data Table on APAC - Year-over-year growth 2021-2026 (%)

8.4 Europe - Market size and forecast 2021-2026
- Exhibit 64: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 65: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 66: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 67: Data Table on Europe - Year-over-year growth 2021-2026 (%)

8.5 North America - Market size and forecast 2021-2026
- Exhibit 68: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 69: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 70: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 71: Data Table on North America - Year-over-year growth 2021-2026 (%)

8.6 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 72: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 73: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 74: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 75: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

8.7 South America - Market size and forecast 2021-2026
- Exhibit 76: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 77: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 78: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 79: Data Table on South America - Year-over-year growth 2021-2026 (%)

8.8 China - Market size and forecast 2021-2026
- Exhibit 80: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 81: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 82: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 83: Data Table on China - Year-over-year growth 2021-2026 (%)

8.9 US - Market size and forecast 2021-2026
- Exhibit 84: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 85: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 86: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 87: Data Table on US - Year-over-year growth 2021-2026 (%)

8.10 Japan - Market size and forecast 2021-2026
- Exhibit 88: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 89: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 90: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 91: Data Table on Japan - Year-over-year growth 2021-2026 (%)

8.11 Germany - Market size and forecast 2021-2026
- Exhibit 92: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 93: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 94: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 95: Data Table on Germany - Year-over-year growth 2021-2026 (%)

8.12 South Korea - Market size and forecast 2021-2026
- Exhibit 96: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
- Exhibit 97: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
- Exhibit 98: Chart on South Korea - Year-over-year growth 2021-2026 (%)
- Exhibit 99: Data Table on South Korea - Year-over-year growth 2021-2026 (%)

8.13 Market opportunity by geography
- Exhibit 100: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

9.1 Market drivers

9.2 Market challenges

9.3 Impact of drivers and challenges
- Exhibit 101: Impact of drivers and challenges in 2021 and 2026

9.4 Market trends

10 Vendor Landscape

10.1 Overview

10.2 Vendor landscape
- Exhibit 102: Overview on Criticality of inputs and Factors of differentiation

10.3 Landscape disruption
- Exhibit 103: Overview on factors of disruption

10.4 Industry risks
- Exhibit 104: Impact of key risks on business

11 Vendor Analysis

11.1 Vendors covered
- Exhibit 105: Vendors covered

11.2 Market positioning of vendors
- Exhibit 106: Matrix on vendor position and classification

11.3 ABB Ltd.
- Exhibit 107: ABB Ltd. - Overview
- Exhibit 108: ABB Ltd. - Business segments
- Exhibit 109: ABB Ltd. - Key news
- Exhibit 110: ABB Ltd. - Key offerings
- Exhibit 111: ABB Ltd. - Segment focus

11.4 Amazon.com Inc.
- Exhibit 112: Amazon.com Inc. - Overview
- Exhibit 113: Amazon.com Inc. - Business segments
- Exhibit 114: Amazon.com Inc. - Key news
- Exhibit 115: Amazon.com Inc. - Key offerings
- Exhibit 116: Amazon.com Inc. - Segment focus

11.5 Calvary Robotics
- Exhibit 117: Calvary Robotics - Overview
- Exhibit 118: Calvary Robotics - Product / Service
- Exhibit 119: Calvary Robotics - Key offerings

11.6 FANUC Corp.
- Exhibit 120: FANUC Corp. - Overview
- Exhibit 121: FANUC Corp. - Business segments
- Exhibit 122: FANUC Corp. - Key offerings
- Exhibit 123: FANUC Corp. - Segment focus

11.7 HIT Robot Group
- Exhibit 124: HIT Robot Group - Overview
- Exhibit 125: HIT Robot Group - Product / Service
- Exhibit 126: HIT Robot Group - Key offerings

11.8 International Business Machines Corp.
- Exhibit 127: International Business Machines Corp. - Overview
- Exhibit 128: International Business Machines Corp. - Business segments
- Exhibit 129: International Business Machines Corp. - Key offerings
- Exhibit 130: International Business Machines Corp. - Segment focus

11.9 Rapyuta Robotics Co. Ltd.
- Exhibit 131: Rapyuta Robotics Co. Ltd. - Overview
- Exhibit 132: Rapyuta Robotics Co. Ltd. - Product / Service
- Exhibit 133: Rapyuta Robotics Co. Ltd. - Key offerings

11.10 SoftBank Robotics Group Corp.
- Exhibit 134: SoftBank Robotics Group Corp. - Overview
- Exhibit 135: SoftBank Robotics Group Corp. - Product / Service
- Exhibit 136: SoftBank Robotics Group Corp. - Key offerings

11.11 Teradyne Inc.
- Exhibit 137: Teradyne Inc. - Overview
- Exhibit 138: Teradyne Inc. - Business segments
- Exhibit 139: Teradyne Inc. - Key news
- Exhibit 140: Teradyne Inc. - Key offerings
- Exhibit 141: Teradyne Inc. - Segment focus

11.12 Yaskawa Electric Corp.
- Exhibit 142: Yaskawa Electric Corp. - Overview
- Exhibit 143: Yaskawa Electric Corp. - Business segments
- Exhibit 144: Yaskawa Electric Corp. - Key offerings
- Exhibit 145: Yaskawa Electric Corp. - Segment focus

12 Appendix

12.1 Scope of the report

12.2 Inclusions and exclusions checklist
- Exhibit 146: Inclusions checklist
- Exhibit 147: Exclusions checklist

12.3 Currency conversion rates for US$
- Exhibit 148: Currency conversion rates for US$

12.4 Research methodology
- Exhibit 149: Research methodology
- Exhibit 150: Validation techniques employed for market sizing
- Exhibit 151: Information sources

12.5 List of abbreviations
- Exhibit 152: List of abbreviations

Methodology

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

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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