Skip to main content

Robotics Market will attract a revenue worth US$147.26 bn by 2025 - TMR

Robotics Market  

Transparency Market Research (TMR) observes, the global robotics market is highly conciliated due to presence of number of companies operating in the market. Some of the key players operating in the global robotics market are Fanuc Corporation, iRobot Corporation, Northrop Grumman Corporation, and Google Inc. These players are focused to manufacture products with their maximum technical and business strength for product innovation and commercialization of these products.
A report estimates, the global robotics market is expected to attain value of US$147.26 bn by the end of 2025 with a CAGR of 17.4% over the forecast period of 2017 to 2025. The market was valued at revenue of US$35.23 bn in 2016. Based on volume, the global robotics market valued at 677.2 thousand units in 2016 and is predicted to amount to 2,731.2 thousand units by the end of 2025, expending with a CAGR of 17.0% over the forecast period from 2017 and 2025. Static type robot is dominating the global robotics market as it is widely deployed across numerous industries such as aerospace, manufacturing, and automotive. Based on the region, North America is dominating the leading position in the global robotics market.
Planning To Lay Down Future Strategy? Request Sample https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=32000

Growing Adoption for Reducing Labor Cost to Propel Growth
Labor-intensive industries are facing challenges of rising labor cost and lack of skilled workforce is boosting adoption of the robots. This has pushed companies to adopt robotic technology to automate operations. The automotive, aerospace, and healthcare industries for reduction of labor-cost and overcoming the lack of skilled labor globally. Industrial robots are able to performing numerous programmed tasks across numerous manufacturing and production. These robots are able to perform such task which are often dangerous for human workers. Service robots are increasingly assisting human beings for jobs that are typically repetitive and are dangerous. The aforementioned factors are fuelling growth of the global robotics market.
The unmanned aerial vehicles have significance for surveillance, conducting targeted bombing discreetly, and capturing images among other purposes. Additionally, military drones are cost-effective and manned aerial vehicles that offers advantages of strolling above the ground and helps to gather maximum information about target discreetly that ground attack. Additionally, due to the benefits offered by the robotics, the defense sector is experiencing higher investment in improvement of robotic technology.
Curious? Request To Access Market Data Robotics Market

High Installation and Maintenance Costs to Limit Growth
Despite of growth prospects, the high investment in the research and development coupled with high initial investment along with higher manufacturing cost. These factors are restraining growth of the global robotics market. Also, high maintenance cost of robots is restraining growth of the robotics market. Additionally, other factors such as turning a prototype, commercial robot, and commercialization of the product is limiting growth of the global robotics market.
More Trending Reports by Transparency Market Research –  

Labels:

Comments

Post a Comment

Popular posts from this blog

Aerospace Window Frame Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

Aerospace window frames are used in the cockpit windshields and passenger cabin windows to provide rigidity to the windows. Metal window frame is used widely in aircrafts. Increase demand of cockpit windshield frame in different countries such as India, Brazil and China among others is the one of the major factor boosting the market for aerospace window frame during the forecast period of 2017 – 2025. Based on aircraft type, the global aerospace window frame market is segmented into wide body aircraft, narrow body aircraft, very large aircraft, general aviation and regional aircraft. Among various aircraft types, in 2016, the wide body aircraft segment is estimated to be the major market followed by very large aircraft and expected to be the same during the forecast period of 2017 – 2025. Increasing regional and commercial aircraft deliveries is expected to be one of the major factor fueling the regional aircraft segment in global aerospace window frame market during the fo...
Post a Comment
Read more

Umbilical Market: Worldwide Industry Analysis and New Market Opportunities Explored

Umbilical cable refers to a technology which transfers signals, consumable, or energy from one end of the cable to another. Umbilical cables consist of multiple components assembled together in a composite structure. These components include hoses, tubes, electric cables, and optic cables. In addition, various types of umbilical cables are designed according to the requirement within the application such as electrical umbilical cables with signal and power elements to connect the ends over long distance. Furthermore, some umbilical cables are used to control the operation of subsea production, processing, and injection facilities. Similarly, some umbilical cables provide electric power to control signals to and from system. The Remote Operated Vehicle (ROV) umbilical communication cables are widely used during the installation of subsea control systems, and operational systems. The umbilical cables are also used to monitor position and functions of subsea installations remotely from o...
Post a Comment
Read more

Mulch Films Market By Manufacturers, Regions, Type and Application, Forecast To 2027 | AMCO Proteins, BASF SE, Berry Global Inc., Dow

  To understand the market in depth,  Mulch Films Market  research report is the perfect solution. With the specific base year and the historic year, estimations and calculations are performed in the report. This global market research report studies the market at regional and global level by considering major geographical areas. This Mulch Films report is generated with the combination of best industry insight, practical solutions, talent solutions and latest technology. The analysis and forecasting of market data using best statistical and coherent models, market share analysis and key trend analysis are the major accomplishing factors in this market report. Mulch Films report provides complete background analysis of the Mulch Films industry which includes an assessment of the parental market. All the statistical and numerical data, which is calculated with the most established tools such as SWOT analysis, is represented with the help of graphs and charts for the best u...
Post a Comment
Read more