Robotics Market to Touch USD 45 Bn, Forecasts Renub Research in Its Topical Report Recently Added at MarketPublishers.com09 Nov 2016 • by Natalie Aster
LONDON – In the past year, the volume of the world’s robotics market comprised nearly 300 thousand units. At present, industrial robotics takes lead in the overall robotics market, accounting for a share of 80%, the resting share belongs to service robotics.
By the year 2020, the value of the world’s robotics market is predicted to touch USD 45 billion. The demand for robotics is accelerating worldwide owing to the increasing shift toward automation and remarkable technical advancements in both service and industrial robotics.
In the next five years, the automotive robotics segment will likely capture a share of over 50% of the industrial robotics sector. Meantime, the defence and medical robotics are the top 2 segments in the service robotics sector.
The insightful topical report by Renub Research “Global Robotics Market, Volume & Forecast” gives a detailed assessment of the rapidly-evolving robotics market. It covers the two major market sectors, namely service and industrial robotics. The study contains info on the robotics market size, shares, value and volume; explores the market dynamics, reviews the key factors shaping the market and also driving and limiting the market growth. This report contains details on competitive pressures and leading players. Additionally, it presents a comprehensive future outlook for the robotics market through 2020.
Companies profiled in the report include: Yaskawa Electric Corporation, KUKA AG, Adept Technology, Nachi– Fujikoshi, iRobot and Intuitive Surgical.
Other insightful research studies by this publisher can be found in the Renub Research catalogue.