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Global Robotics Market 2018-2022

Global Robotics Market 2018-2022

About Robotics

A robot is an automated and operator control system that is used to speed up industrial processes, applications, and productivity by minimizing the requirement of manual workers. Any robotic system is a combination of hardware which includes the robot, and its allied components, control system, software that is installed in the control panel and services regarding installation and after-sales services.

Technavio’s analysts forecast the global robotics market expected to grow to USD 77.32 million during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global robotics market for 2018-2022. To calculate the market size, the report considers the revenue generated from new sales of robot systems including robot hardware, software, and services.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Robotics Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ABB
  • FANUC
  • Intuitive Surgical
  • iRobot
  • Midea Group
  • Mobile Industrial Robots
  • OMRON
  • Yaskawa Electric
Market driver
  • Technological advances in robot hardware
  • For a full, detailed list, view our report
Market challenge
  • Regulatory hurdles for service robots
  • For a full, detailed list, view our report
Market trend
  • Virtual commissioning
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Robotics Market 2018-2022

Technavio recognizes the following companies as the key players in the global robotics market: ABB, FANUC, Intuitive Surgical, iRobot, Midea Group, Mobile Industrial Robots, OMRON, and Yaskawa Electric

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is virtual commissioning. This method is gaining traction over on-site commissioning, as it helps in the reduction of time and cost by 50-60%. Virtual commissioning supports the entire lifecycle of industrial robots, apart from the initial design and decision-making processes.”

According to the report, one of the major drivers for this market is Technological advances in robot hardware. With the emergence of vendors offering commercial-off-the-shelf components, vendors can lower the cost of production with more compact product designs. Miniaturization of sensors, which is expected to be a trend in the forecast period as well, will play a significant role in the pricing of robots. As the price of the sensors continues to fall, there will be an emergence of more industrial and service robots at relatively lower prices. Vendors are incorporating sensors, such as vision systems, to enhance functions like detecting the location of parts and orientation and perform quality checks.

Further, the report states that one of the major factors hindering the growth of this market is Regulatory hurdles for service robots. Vendors in the global robotics market are expected to follow certain regulations relating to the usage of safety-critical components, wireless technologies, batteries, etc. in their product offerings. These rules are enforced to ensure the safety and reliability of humans when the robots work collaboratively with humans.

Companies Mentioned

ABB, FANUC, Intuitive Surgical, iRobot, Midea Group, Mobile Industrial Robots, OMRON, and Yaskawa Electric

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Related market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global - Market size and forecast 2017-2022 ($ bn)
      • Table Global - Year over year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by application
    • Segmentation by application
      • Table Application - Market share 2017-2022 (%)
    • Comparison by application
      • Table Comparison by application
    • Industrial applications- Market size and forecast 2017-2022
      • Table Global robotics market by industrial applications - Market size and forecast 2017-2022 ($ bn)
      • Table Major focus of end-users that are adopting industrial robots
      • Table Global robotics market by industrial applications - Year over year growth 2018-2022 (%)
    • Services applications - Market size and forecast 2017-2022
      • Table Global robotics market by services applications - Market size and forecast 2017-2022 ($ bn)
      • Table Service robots in personal and professional applications
      • Table Global robotics market by services applications - Year over year growth 2018-2022 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape: Global robotics market by industrial applications
    • Table Customer landscape: Global robotics market by services applications
  • Regional landscape
    • Geographical segmentation
      • Table Global - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • APAC - Market size and forecast 2017-2022
      • Table Robotics market in APAC - Market size and forecast 2017-2022 ($ bn)
      • Table Major regulations related to service robots in APAC
      • Table Robotics market in APAC - Year over year growth 2018-2022 (%)
      • Table Top 3 countries in APAC
    • Americas - Market size and forecast 2017-2022
      • Table Robotics market in Americas - Market size and forecast 2017-2022 ($ bn)
      • Table Robotics market in Americas- Year over year growth 2018-2022 (%)
      • Table Top 3 countries in Americas
    • EMEA - Market size and forecast 2017-2022
      • Table Robotics market in EMEA - Market size and forecast 2017-2022 ($ bn)
      • Table Robotics market in EMEA - Year over year growth 2018-2022 (%)
      • Table Top 3 countries in EMEA
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Key areas of development in robot hardware
    • Market challenges
      • Table Country-wise regulations associated with UAVs
  • Market trends
    • Table Major improvements in robotic system integration services
    • Table Horizon 2020 strategies for robotics
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • ABB
      • Table ABB: Vendor overview
      • Table ABB - Business segments
      • Table ABB - Organizational developments
      • Table ABB - Geographic focus
      • Table ABB - Segment focus
      • Table ABB - Key offerings
    • FANUC
      • Table FANUC: Vendor overview
      • Table FANUC - Business segments
      • Table FANUC - Organizational developments
      • Table FANUC - Geographic focus
      • Table FANUC - Segment focus
      • Table FANUC - Key offerings
    • Intuitive Surgical
      • Table Intuitive Surgical: Vendor overview
      • Table Intuitive Surgical - Business segments
      • Table Intuitive Surgical - Organizational developments
      • Table Intuitive Surgical - Geographic focus
      • Table Intuitive Surgical - Segment focus
      • Table Intuitive Surgical - Key offerings
    • iRobot
      • Table iRobot: Vendor overview
      • Table iRobot - Business segments
      • Table iRobot - Organizational developments
      • Table iRobot - Geographic focus
      • Table iRobot - Segment focus
      • Table iRobot - Key offerings
    • Midea Group
      • Table Midea Group: Vendor overview
      • Table Midea Group - Business segments
      • Table Midea Group - Organizational developments
      • Table Midea Group - Geographic focus
      • Table Midea Group - Segment focus
      • Table Midea Group - Key offerings
    • Mobile Industrial Robots
      • Table Mobile Industrial Robots: Vendor overview
      • Table Mobile Industrial Robots - Organizational developments
      • Table Mobile Industrial Robots - Geographic focus
      • Table Mobile Industrial Robots - Segment focus
      • Table Mobile Industrial Robots - Key offerings
    • OMRON
      • Table OMRON: Vendor overview
      • Table OMRON - Business segments
      • Table OMRON - Organizational developments
      • Table OMRON - Geographic focus
      • Table OMRON - Segment focus
      • Table OMRON - Key offerings
    • Yaskawa Electric
      • Table Yaskawa Electric: Vendor overview
      • Table Yaskawa Electric - Business segments
      • Table Yaskawa Electric - Organizational developments
      • Table Yaskawa Electric - Geographic focus
      • Table Yaskawa Electric - Segment focus
      • Table Yaskawa Electric - Key offerings
    • List of abbreviations
  • Explore Technavio

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