Global Robotics Market 2020-2024
Technavio has been monitoring the robotics market and it is poised to grow by $ 8.92 bn during 2020-2024 progressing at a CAGR of 3% during the forecast period. Our reports on robotics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by technological advances in robot hardware. In addition, stringent health and safety regulations and the emergence of medical robotics is anticipated to boost the growth of the market as well.
The robotics market analysis includes application segment and geographic landscape.
Technavio's robotics market is segmented as below:
By Geographic Landscapes
- North America
- South America
This study identifies the improvement in robotic system integration services as one of the prime reasons driving the robotics market growth during the next few years. Also, government initiatives in Europe and the adoption of innovative business models will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our robotics market covers the following areas:
- Robotics market sizing
- Robotics market forecast
- Robotics market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading robotics market vendors that include 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. Also, the robotics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.