World Robotics Market Growing at 29.11% CAGR to 2019

The Global Robotics Market 2015-2019 research report mentions companies like ABB, Fanuc, KUKA, Yaskawa Electric, Adept, Honda, Intuitive Surgical, iRobot, Kawasaki, and Epson Robotics in its latest market analysis.

Commenting on the 2015 robotics market report, an analyst said: "Vendors are offering next-generation robotics systems to manufacturing companies to gain a competitive advantage over others. Independent robots developed with the use of artificial intelligence can perform a broad range of tasks independently. The demand for these robots from manufacturing companies has increased, driven by the need to improve productivity and efficiency. Also, vendors are offering collaborative robots that can interact with humans, which is expected to help in achieving better collaboration in production processes."

According to this robotics market research, APAC has emerged as the new frontier in the industrial robotics space. The economic boom in this region has paved the way for growth in industrialization and manufacturing. An increase in per capita income and individual purchasing capacity has generated demand for high-quality consumer goods. Industrial robots have assumed the role of the new skilled laborer, driven by their precision in executing functions such as welding, cutting, and assembly.

Further, the report states that the lack of effective product differentiation is one of the challenges for the global service robotics market. Industries worldwide are demanding better precision and efficiency in order to meet the growing end-user demand.

This has led to high demand for machines that are capable of increasing industrial efficiency by handling multiple tasks while remaining uncompromising on overall accuracy. This report covers the present scenario and growth prospects of the global robotics market for the period 2015-2019. Based on types, the global robotics market can be classified into industrial robots and service robots. To calculate the market size, this report considers the number of robots shipped globally. Based on type, it segments the global robotics market into Industrial robots and Service robots.

The report, Global Robotics Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers APAC, Americas, and EMEA; it also covers the landscape of the global robotics market and its growth prospects in the coming years. This report includes a discussion of the key vendors operating in this market. Order a copy of this research.

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December'15/January 2016