Global Robotics Technology Market - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2014 - 2020

Global Robotics Technology
Market
(Types, Components and Geography) - Size, Share, Global Trends,
Company Profiles, Demand, Insights, Analysis, Research, Report,
Opportunities, Segmentation and Forecast, 2014 – 2020
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Robotics Technology, is a combination of machine tools and computer applications, used for the
designing, manufacturing and application of robots. Use of robotics technology allows consumers
to automate processes, increase productivity, enhance quality and reduce human errors.
Robotics technology is used in a wide range of industries including healthcare, defense,
aerospace, automotive and infrastructure. Robots can be used for numerous activities which
include assembling products, detecting and defusing bombs, surgical operations, product
inspection, space missions, and domestic works such as cleaning and other household chores.
The impending need of automation solutions is a major factor that drives this market.
Manufacturers are increasingly opting for process automation, owing to the rise in labor costs
and market competition. A dynamic rise in the number of smartphones and tablets supplements
the process of robot development and contributes to the growth of the global market.
Additionally, emerging technologies in robotics and cost reduction in products with the use of
robots supplement the market growth. With the growth of robotics technology, there will be a
significant increase in the number of jobs available for the human workforce. Lack of awareness
about the advantages of robots in the market, along with the high installation cost of robotics
technology are the major drawbacks for this market. The growing demand for automation in
mechanical, aerospace and defense industries, along with the growing adoption of new
technologies like nano-robotics and cloud robotics, highlight the growth opportunities for players
in the market. There has been an increase in the adoption of robotics by SMEs, owing to the
development of small, compact and affordable robots by the key players in the market.
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The vendors in the market offer a wide range of robotics systems to meet the requirement of the
customers. The development of robots require high quality hardware and software to control the
robots’ operations and integration along with its auxiliary systems in a working environment. The
key players in the market are developing small, compact, energy efficient and low cost robotics
systems, which can be used in a wide range of industries, particularly by SMEs. Additionally, the
vendors in the market are acquiring and collaborating with the top companies in the market, to
enhance their product portfolio. For instance, in September 2014, ABB introduced a new dual
arm robot named Yumi, to work in collaboration with humans and ease the process of
automation. This launch will further enhance the company’s offerings and support its growth. In
June 2013, Yaskawa acquired Agile Planet to strengthen its product portfolio of robotics as well
as motion control. This acquisition would also enable Yaskawa to expand its geographic
presence. Other key players dominating this market are ABB Group, Adept Technology, Fanuc
Corporation, Yaskawa Electric Corporation, KUKA AG, Intuitive Surgical, Yamaha Corporation,
Kawasaki Heavy Industries, Honda Motor Co Ltd and iRobot.
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The global Robotics Technology market is segmented on the basis of types of robots,
components, applications and geography. The various types of robots used across different
industries include industrial robots, service robots and mobile robots. Industrial robots account
for a larger share among others. The component segment is further categorized into hardware,
software, and services. The different hardware components include sensors, controllers,
effectors, power supply and actuators. Robotic technology finds applications across a wide range
of domains including healthcare, defense and security, automotive, aerospace, infrastructure,
industrial and residential. The microscopic analysis of the market has been performed by
examining various regions such as North America, Europe, Asia-Pacific and LAMEA.
KEY SEGMENTATION
The market is segmented based on Types, Components, Applications and Geography.
MARKET BY TYPES
Industrial Robots
Service Robots
Mobile Robots
Others
MARKET BY COMPONENTS
Hardware
Software
Services
MARKET BY APPLICATIONS
Healthcare
Defense and Security
Aerospace
Automotive
Electronics
Domestic
Others
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MARKET BY GEOGRAPHY
North America
Europe
Asia Pacific
LAMEA
KEY PLAYERS
ABB Group
Adept Technology
Fanuc Corporation
Yaskawa Electric Corporation
KUKA AG
iRobot
Intuitive Surgical
Honda Motor Co., Ltd.
Yamaha Corporation
Kawasaki Heavy Industries
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