Robotics Market

Robotics Market
Global Robotics Market: Overview
Robotics is a branch of engineering that deals with the development of a robot by making use of
computer science, mechanical, and electrical engineering. Robotics science is broadly segmented into
service robots and industrial robots. The service robots are further classified into professional robots,
personal robots, and domestic robots. Robotics technology is a mixture of the machine, computer
applications, and tools.
Global Robotics Market: Growth Factors
The tremendous increase in the number of tablets and smartphone’s has contributed to the progression
and expansion of the global robotics market. Increasing demand for automation in industries has
transformed the implementation of robotics technology particularly in the automotive sector. With the
significant development of technologies like nano-robotics, modular robotics, and cloud robotics, the
global robotics market would certainly grow at a tremendous rate. The major market players in the market
are manufacturing reasonable, compact, small, and energy proficient robotics solutions to capture
customer base to increase the growth of the robotics market. Other benefits that are offered by the
robotics technology include increased efficiency, improved quality, automated methods, reduced error
rates, and several other benefits propel the market to grow rapidly. Robotics technology is majorly used
in wide range of industries which includes defense, healthcare, automotive, aerospace, and
infrastructure. Robots are used for various activities encircling assembling products, surgical operations,
detecting and defusing bombs product inspection, cleaning and domestic chores, and space missions.
Owing to its increased application in several domains the robotics market anticipates to grow in the
coming years.