Service Robotics
Industrial Robotics Market to witness increasing growth, Globally by 2024
Market Study Report adds 2017-2024 global Industrial Robotics market report that offers an exhaustive coverage of the industry with brief analysis, data charts, figures, statistics that help take business decisions, company profiles and more.
Industrial Robotics Market is set to exceed USD 80 billion by 2024; according to a new research report.
Industrial robotics market is expected to grow at a significant pace, owing to the continuing trend of automation across several end-use industries. Robots are being increasingly adopted by the companies to perform repetitive or risky tasks such as deburring, grinding, part inspections, and bin-picking. Automation through this equipment enhance efficiency of several processes ranging from raw material handling to the packaging of the finished product. The adoption of this technology across industries has enabled the companies to increase competitiveness based on price, offerings, and business reach, thus propelling the market.
Industrial robotics market is projected to witness surge in demand from the automotive industry, owing to the increasing adoption by the car manufacturers to improve precision and efficiency of the production lines. According to the Robotics Industry Association, more than 50% purchases of robots in North America in recent years are made by the automotive industries. Technological advancements such as robotic vision, collaborative robots, and robotic hand are encouraging more automakers to implement the technology in their production plants, thus positively impacting the industrial robotics industry growth.
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Growing trend of adoption of ‘lights out’ production concept in modern manufacturing is expected to drive the industrial robotics market growth. In ‘lights out’ production, the manufacturing activities are handled using automation. The companies are adopting the technology to reduce human involvement in the repetitive, uncreative & dangerous tasks, eliminate errors, and cut manufacturing costs. For instance, at Fanuc plant in Japan, only four workers supervise the production of industrial robots by industrial robots. Furthermore, since 2013, Canon began phasing out the human labor.
Increasing advancements in technologies such as software development, computing power, and networking have reduced the cost of installing, assembling, and maintaining robots, thus providing growth opportunities to the industrial robotics market. For instance, traditionally, components such as sensors and actuators had to be connected individually to the controllers using terminal racks, junction boxes, and connectors. However, with advancements in plug-and-play technologies, the components can be connected to the controller by simple network wiring.
Although, the technology performs tasks accurately, requires high degree of expertise and technical training for initial setup. The end-users require expertise and service package from the system manufacturers to ensure error-free setup. Furthermore, the performance of these systems highly depends on the performance of the surrounding systems such as conveyor systems, grippers, and vision systems. This is expected to hamper the industrial robotics market growth over the forecast timespan.
The articulated segment of the industrial robotics market has significant penetration, owing to the high degree of versatility offered by these systems. These robots have higher degree of freedom than other systems, that makes these systems usable in several tasks including welding, dispensing, material handling, and material removal. The prices of these systems are expected to witness fall over the next seven years, owing to the longevity and popularity.
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The German industrial robotics market strength is driven by a combination of the region’s proven engineering tradition, position as a leader in technological development, and its highly diversified industrial base. Germany is witnessing immense innovations which are helping bridge the gap between robotics and several industrial sectors. Stakeholders are organized in multiple regional organizations such as the Automation Valley Northern Bavaria. The country’s specific strength in the development and manufacturing of industrial robots is further strengthened by the existence of specialized organizations such as the Robotics and Mechatronics Center at the German Aerospace Center (DLR).
Growing need for automation in manufacturing pharmaceutical units has led to the growth of the Japan industrial robotics market. The units are used for easy and quick accomplishment of medical tasks. Companies in Japan are increasingly using collaborative robots such as UR3 ROBOT by Universal Robots A/S, which are assisting the workers in injection molding, conducting lab analysis, and picking & placing drugs.
Industry vendors in the industrial robotics market include Fanuc Corporation, Denso Corporation, Kawasaki Heavy Industries Ltd., Yamaha Motor Co., Ltd., KUKA AG, Mitsubishi Electric Corporation, ABB Group, Epson America, Inc., Panasonic Welding Systems Co. Ltd., Rethink Robotics Inc., Staubli Group, Universal Robots A/S, Yaskawa Electric Corporation, etc. Outsourcing or subcontracting of the manufacturing process to third-party entities is a common trend among technology manufacturers. This trend is highly magnified in countries such as the U.S. and Western Europe where these resources are available at very high costs.
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Industrial robotics market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipment in Unit from 2013 to 2024, for the following segments:
Industrial Robotics Market, By Product
Articulated
SCARA
Gantry
Cartesian
Parallel
Cylindrical
Collaborative
Industrial Robotics Market, By End-Use
Automotive
Metals & machinery
Rubber & plastics
Food & beverage
Electrical & electronics
Others
Table of content:
Chapter 3 Industrial Robotics Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 – 2024
3.2.1 Industry 4.0
3.3 Industry ecosystem analysis
3.3.1 Distribution channel analysis
3.3.2 Vendor matrix
3.3.3 Price trend analysis and cost structure breakdown
3.4 Technology & innovation landscape
3.4.1 Development of lightweight robots
3.4.2 Autonomous mobile dual arm robot
3.4.3 Vision guided robots
3.4.4 Cloud robotics and big data
3.4.5 Robot programming software
3.5 Regulatory landscape
3.5.1 RIA 15.06-2013
3.5.2 RoboLaw EU
3.5.3 Robotics and Safety regulations by Occupational Safety and Health Administration (OSHA)
3.5.4 EN ISO 13849-1 standard
3.6 Industry impact forces
3.6.1 Growth drivers
3.6.1.1 Rising labour costs and inconveniences of employing manual workforce in North America and Europe
3.6.1.2 Government initiatives aiding the growth of the local manufacturing in South-East Asia
3.6.1.3 Rise in SMEs and their growing demand for automation in Europe and Asia Pacific
3.6.1.4 High growth of automation across the automotive and electronic industries in Asia Pacific
3.6.1.5 Low robot density in the Asia Pacific
3.6.2 Industry pitfalls and challenges
3.6.2.1 High initial costs and presence of second-hand and refurbished industrial robot market
3.6.2.2 Safety hazards associated with the usage of industrial robots
3.7 Growth potential analysis
3.8 Porter’s analysis
3.9 Competitive landscape
3.9.1 Strategy Dashboard
3.9.2 Emerging business model
3.10 PESTEL analysis
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Service Robotics Market Report 2017-2024 | Proficient Analysis of Key Players, Types, Future Prospects Details for Business Rate
The 2017-2024 report on global Service Robotics market explores the essential factors of Service Robotics industry covering current scenario, market demand information, coverage of active companies and segmentation forecasts.
Service Robotics market is projected to reach a revenue of over USD 20 billion in 2024. These systems are anticipated to witness a high growth during the forecast time span owing to their high convenience, reliability, and the efficiency as compared to the conventional labor solutions. The rising proliferation of IoT and the integration of AI are aiding in the transformation of the service robotics market.
These systems reduce the number of faults and errors and provide accurate and high-quality services. The cost of labor is increasing at a very drastic rate. For instance, hourly labor costs in the Euro area (EU28) witnessed a 2.2% yearly growth until 2016. The increase in labor costs is increasing the overall costs of the goods and services that are produced. Additionally, these can reduce an organization?s profits and cause them to incur higher financial costs such as payroll taxes, increments, and hiring subsidies.
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The adoption of the service robotics market is highly beneficial in the reduction of human casualties suffered during activities, primarily in defense and certain research activities such as underwater cave discoveries. In recent years, internal and external security threats have compelled governments of various organizations to adopt these solutions and are substantially contributing to the strong growth of the service robotics market. These systems can be used in conducting discrete surveillance activities or for implementing activities that are highly dangerous to human personnel.
The personal product segment of the service robotics market is predicted to dominate in terms of revenue during the forecast timeframe. Personal robots, such as vacuum cleaners, automated wheelchairs, and domestic servants, among others have aided in improving the quality of life and providing an increased convenience to their users. For instance, in homes with geriatric inhabitants, who live alone, these robots are ideally suited for monitoring and diagnosing patients by relaying the information back to the medical practitioners or alerting authorities during emergencies such as when the patient falls from a wheelchair.
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The professional application segment of the service robotics market is anticipated to witness a high growth owing to the increasing adoption of these systems for carrying out mundane and monotonous tasks such as milking, packing, and other activities. Medical robot systems are finding increasing applications in providing assistance during surgeries, therapy, and patient caring, contributing to the heavy growth of the service robotics market. For instance, Robot Aps has developed and launched a rehabilitation robot to assist health professionals with patients, who are bed-ridden, reducing the dependence on nurses for actions such as heavy lifting.
The increase in manufacturing and industrial activities, primarily in the South-East Asian and Latin American regions, contributes to the strong growth of the service robotics market. For instance, warehousing robots are deployed in factory spaces to reduce monotonous activities such as shelving and packing and increasing the output as compared to the manual labor. Additionally, the Asia Pacific region is also incorporating these systems as a part of its education and teaching sector. Pre-schools in Singapore, for instance, have implemented humanoid robots on a testing basis to deliver high-quality education to students.
The service robotics market players comprise Bluefin Robotics, BAE Systems, AeroVironment, Inc., OMRON Adept Technologies, Inc., 3D Robotics, iRobot Corporation, Medtronic, Delaval International AB, ECA Group, Geckosystems Intl. Corp., and Intuitive Surgical, Inc. Companies are required to continuously invest in business strategies, such as R&D, partnership, mergers, and acquisitions, to sustain growth in the global service robotics market. For instance, in May 2016, Medtronic entered into a partnership agreement with Mazor for the development of surgery robots and the launch of its internally-developed robotic surgery program.
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Table of content:
Chapter 4. Service Robotics Market, By Product
4.1. Global service robotics market share by product, 2016 & 2024
4.2. Professional
4.2.1. Market estimates and forecast, 2013 – 2024
4.2.2. Market estimates and forecast, by region, 2013 – 2024
4.3. Personal
4.3.1. Market estimates and forecast, 2013 – 2024
4.3.2. Market estimates and forecast, by region, 2013 – 2024
Chapter 5. Service Robotics Market, By Application
5.1. Global service robotics market share by application, 2016 & 2024
5.2. Professional
5.2.1. Market estimates and forecast, 2013 – 2024
5.2.2. Market estimates and forecast, by region, 2013 – 2024
5.2.3. Defense
5.2.3.1. Market estimates and forecast, 2013 – 2024
5.2.3.2. Market estimates and forecast, by region, 2013 – 2024
5.2.4. Field
5.2.4.1. Market estimates and forecast, 2013 – 2024
5.2.4.2. Market estimates and forecast, by region, 2013 – 2024
5.2.5. Healthcare
5.2.5.1. Market estimates and forecast, 2013 – 2024
5.2.5.2. Market estimates and forecast, by region, 2013 – 2024
5.2.6. Logistics
5.2.6.1. Market estimates and forecast, 2013 – 2024
5.2.6.2. Market estimates and forecast, by region, 2013 – 2024
5.2.7. Others
5.2.7.1. Market estimates and forecast, 2013 – 2024
5.2.7.2. Market estimates and forecast, by region, 2013 – 2024
5.3. Personal
5.3.1. Market estimates and forecast, 2013 – 2024
5.3.2. Market estimates and forecast, by region, 2013 – 2024
5.3.3. Household
5.3.3.1. Market estimates and forecast, 2013 – 2024
5.3.3.2. Market estimates and forecast, by region, 2013 – 2024
5.3.4. Entertainment
5.3.4.1. Market estimates and forecast, 2013 – 2024
5.3.4.2. Market estimates and forecast, by region, 2013 – 2024
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Researchers profile top players in the Humanoid Robot Market, Report By Market Size Forecasters
Emerging trend of digitization across multiple sectors is pushing humanoid robot market growth, followed by the growing adoption to reduce costs associated with various business operations. The shipments are forecast to grow at over 40% CAGR from 2017 to 2024.
Global humanoid robot market is set to exceed USD 5 billion by 2024, according to this new research report. Increasing deployment of robots enabled with advanced features across retail and hospitality applications to enhance the customer experience is projected to augment demand. Deployment in the hospitality industry to augment the operational efficiency, perform multiple tasks and boosting the overall productivity is expected to fuel the humanoid robot market growth.
Humanoid Robot market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability.
Future Scope:
Surging adoption across applications such as security, education and healthcare is anticipated to fuel the humanoid robot market growth. These machines use interactive demonstrations and animations to entertain the customers, guide them through the service & product offerings in a business establishment. It helps in reducing efforts resulting in optimizing the performance of the sales force. Healthcare sector provides lucrative growth opportunities to the market. It can be credited to the rising adoption of such robots for providing care to elderly persons reducing the burden of nursing care.
Asia Pacific humanoid robot market will witness high growth over the forecast timeline. The growth can be attributed to growing demand of these robots in emerging economies such as China and Japan. Moreover, the increasing number of players entering the industry with advanced technologies further contributes to the regional growth. The growing adoption for security and surveillance applications across security check points is expected to fuel the MEA market growth.
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Companies in the humanoid robot market comprise Softbank Robotics, Ubtech Robotics, Qihan Technology, DST Robot, Robotis, Engineered Arts, Bluefrog Robotics, Kawada Robotics, Honda, Hanson Robotics, Toshiba, Hajime Research Institute and Trossen Robotics. Market Segment by Type, covers
By Product
Wheel drive
Biped
By Application
Retail, Hospitality, Education & Scientific Research, Healthcare, Residential, Military & Defense, Construction, Underwater systems, Others
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North America, U.S, Canada, Europe, Germany, UK, France, Italy, Spain, Poland, Russia, Asia Pacific, China, India, Japan, South Korea, Malaysia Indonesia, Thailand, Latin America, Brazil, Mexico, Argentina, Middle East & Africa Saudi, Arabia, UAE, Iran, Iraq, Egypt, South Africa
Feature Table of Content:
Chapter 1. Methodology & Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
Chapter 2. Executive Summary
2.1. Humanoid robot industry 360 degree synopsis, 2015 – 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Product trends
2.1.4. Application trends
Chapter 3. Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2015 – 2024
3.3. Industry ecosystem analysis
3.3.1. Component suppliers
Chapter 4. Humanoid Robot Market, By Product
4.1. Global humanoid robot market share by product, 2016 & 2024
4.2. Wheel drive
4.2.1. Market estimates and forecast, 2015 – 2024
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Robotic Flexible Part Feeding Systems Market Global Analysis on Top Manufacture: Market Size Forecasters
Market Size Forecasters Add New Global Robotic Flexible Part Feeding Systems Market by Manufacturers, Countries, Type and Application, Forecast to 2022 to its research database. The report presents a deep study of the market growth factors and drivers. The report spread across 112 pages with table and figures in it.
This Market Size Forecasters report examines the Robotic Flexible Part Feeding Systems Market for the period 2017- 2022. The primary objective of the report is to analyse the underlying factors that are driving growth of the futuristic outlook market: Robotic Flexible Part Feeding Systems Market, which is significantly transforming buying habits of consumers across various markets.
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Scope of the Report:
This report focuses on the Robotic Flexible Part Feeding Systems in Global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
ABB, Asyril, ARS Automation, FANUC, Omron Adept Technologies, RNA Automation, Yaskawa Motoman. Calvary Robotics, Epson, ESS Technologies, Flexomation, GMS R.R. Floody Company, Yaskawa Motoman
Market Segment by Regions, regional analysis covers:
North America (USA, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
Global Robotic Flexible Part Feeding Systems Market: Product Segment Analysis
- Robots
- Feeding devices
- Vision systems
Global Robotic Flexible Part Feeding Systems Market: Application Segment Analysis
- Consumer electronics and appliances
- Semiconductors
- Medical
- Automotive
- F&B
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There are Table of Content and Various Chapters to deeply display the global Robotic Flexible Part Feeding Systems Market
1 Robotic Flexible Part Feeding Systems Market Overview
2 Global Robotic Flexible Part Feeding Systems Market Competition by Manufacturers
3 Global Robotic Flexible Part Feeding Systems Capacity, Production, Revenue (Value) by Region (2012-2017)
4 Global Robotic Flexible Part Feeding Systems Supply (Production), Consumption, Export, Import by Region (2012-2017)
5 Global Robotic Flexible Part Feeding Systems Production, Revenue (Value), Price Trend by Type
List of Tables and Figures
Figure Product Picture of Robots
Table Major Manufacturers of Robots
Figure Product Picture of Feeding devices
Table Major Manufacturers of Feeding devices
Figure Product Picture of Vision systems
Table Major Manufacturers of Vision systems
Figure Global Robotic Flexible Part Feeding Systems Consumption (K Units) by Applications (2012-2022)
Figure Global Robotic Flexible Part Feeding Systems Consumption Market Share by Applications in 2016
…………………………
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Global Service Robotics Market Size 2017 Growth, Analysis, Opportunities and Forecast To 2024
Market Size Forecasters Add New Global Service Robotics Market by Manufacturers, Countries, Type and Application, Forecast to 2024 to its research database. The report presents a deep study of the market growth factors and drivers. The report spread across 90 pages with table and figures in it.
The SPARC robotics project is slated to contribute heavily to the development of this industry and create more than 240,000 potential job profiles.
Service robotics market is slated to register a revenue of more than USD 22 billion by 2024 registering a CAGR of 18% over the period of 2016-2024.
This Market Size Forecasters report examines the Service Robotics Market for the period 2017- 2024. The primary objective of the report is to analyse the underlying factors that are driving growth of the futuristic outlook market: Service Robotics Market, which is significantly transforming buying habits of consumers across various markets.
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Scope of the Report:
This report focuses on the Service Robotics in Global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Service Robotics Market By Applications
Global service robotics market finds applications in personal and professional services. The personal application segment includes household and entertainment products. The professional application segment includes the defense, medical, logistic, and construction sectors, in addition to underwater systems and mobile platforms.
Service robotics industry for personal application segment is predicted to record a revenue of more than USD 7 billion by 2024. The professional application segment was valued at USD 4.5 billion in 2014 and contributed to more than 70% of global industry share.
Medical service robotics market was valued at 2 billion in 2014 and is predicted to cross USD 6 billion by 2024, growing at CAGR of 15% over 2016-2024.
Logistics service robotics industry size for global shipments is expected to register a CAGR of 23% over 2016-2024.
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There are Table of Content and Various Chapters to deeply display the global Service Robotics Market
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Service Robotics Industry Insights
Chapter 4 Service Robotics Application Insights
Chapter 5 Service Robotics Regional Insights
Chapter 6 Competitive Insights
6.1 AB Electrolux
6.2 Fujitsu Frontech Limited
6.3 GeckoSystems
6.4 Hanool Robotics Corp
6.5 Honda Motor Co. Ltd.
6.6 iRobot Corporation
…………
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