Robotics Market by Application and Geography - Forecast and Analysis 2020-2024

The robotics market size has the potential to grow by $ 8.92 bn during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by application (industrial and services) and geography (APAC, Europe, North America, MEA, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including ABB Ltd., Clearpath Robotics Inc., FANUC Corp., Intuitive Surgical Inc., iRobot Corp., Midea Group Co. Ltd., Mobile Industrial Robots AS, OMRON Corp., Savioke Inc., and Yaskawa Electric Corp.

Market Overview

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Market Competitive Analysis

The market is fragmented. ABB Ltd., Clearpath Robotics Inc., FANUC Corp., Intuitive Surgical Inc., iRobot Corp., Midea Group Co. Ltd., Mobile Industrial Robots AS, OMRON Corp., Savioke Inc., and Yaskawa Electric Corp. are some of the major market participants. Factors such as technological advances in robot hardware will offer immense growth opportunities. However, shortage of skilled personnel may impede market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this robotics market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this robotics market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

• ABB Ltd.
• Clearpath Robotics Inc.
• FANUC Corp.
• Intuitive Surgical Inc.
• iRobot Corp.
• Midea Group Co. Ltd.
• Mobile Industrial Robots AS
• OMRON Corp.
• Savioke Inc.
• Yaskawa Electric Corp.

Robotics Market: Segmentation by Geography

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The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. APAC will offer several growth opportunities to market vendors during the forecast period. improvement in robotic system integration services will significantly influence robotics market growth in this region.

60% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for robotics in APAC. This report provides an accurate prediction of the contribution of all segments to the growth of the robotics market size.

Robotics Market: Key Highlights of the Report for 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive robotics market growth during the next five years
• Precise estimation of the robotics market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the robotics industry across APAC, Europe, North America, MEA, 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 robotics market vendors

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