The Top Robotics Global Market Report 2023 by The Business Research Company, provides top robotics market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032
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According to The Business Research Company’s Top Robotics Global Market Report 2023, the global top robotics market size grew from $88.28 billion in 2022 to $110.23 billion in 2023 at a compound annual growth rate (CAGR) of 24.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of global top robotics is expected to grow to $219.28 billion in 2027 at a CAGR of 18.8%.
The increase in use of robots in the logistics sector is projected to fuel the growth of the top robotics market over the coming years. The total procedure of handling how assets are bought, stored, and transported to their eventual destination is referred to as logistics. Robotics in logistics allows for remote connections with devices from which humans can observe and oversee the robot’s operations, as well as lower logistics costs, more rapid cargo preparation, and higher delivery precision.
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The top robotics market is segmented:
1) By Type: Top Industrial Robotics, Top Services Robotics
2) By Application: Handling, Welding And Soldering, Assembling And Disassembling, Dispensing, Other Applications
3) By End Use Industry: Automotive, Electrical And Electronics, Metals And Machinery, Food And Beverages, Pharmaceuticals And Cosmetics, Other End Use Industries
The growing technological advancements are shaping the top robotics market. Technological advancements have authorized manufacturers to use lightweight robots that can manage numerous tasks and improve productivity. Artificial intelligence, machine learning, and other emerging technologies have been put into robots to replicate human intelligence and facilitate some of the jobs that humans perform. For instance, in January 2020, Omron, a Japan-based electronics company launched the Omron i4 which has an inbuilt AI system for predictive maintenance. This is a next-generation industrial robot that can identify and communicate when it’s time for repairs and maintenance
Top 5 Major Key Players Are:
ABB Ltd
Yaskawa
FANUC
KUKA
Kawasaki Heavy Industries
Table Of Contents
1. Executive Summary
2. Top Robotics Market Characteristics
3. Top Robotics Market Trends And Strategies
4. Top Robotics Market – Macro Economic Scenario
5. Top Robotics Market Size And Growth
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26. Africa Top Robotics Market
27. Top Robotics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Top Robotics Market
29. Top Robotics Market Future Outlook and Potential Analysis
30. Appendix
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