![]() |
Market Research Report
Product code
1059545
Robotics Market by Application and End User : Global Opportunity Analysis and Industry Forecast, 2021-2030 |
Robotics Market by Application and End User : Global Opportunity Analysis and Industry Forecast, 2021-2030 |
Published: December 9, 2021
Allied Market Research
Content info: 240 Pages
Delivery time: 2-3 business days
|
The global robotics market size was valued at $12,153.1 million in 2020, and is expected to reach $149,866.4 million by 2030, with a CAGR of 27.7% from 2021 to 2030. This study of robotics market is limited to application of robots that include disinfection, shelf scanning, RFID scanning, delivery, security & inspection, and advertising robots. These robots are used in industries such as automotive, retail, healthcare, electronics, and other similar industries. Applications of these robots depend upon their type in these end user industries. For instance, disinfection robots are used to disinfect surroundings in healthcare establishments, airports, and public places.
Major driving factor of the robotics market is rise in demand for disinfecting equipment. Further, demand for these disinfection robots suddenly increased after the outbreak of COVID-19 outbreak. Moreover, robotics helps in reducing labor operating cost in commercial facilities by carrying out operations such as delivery, advertising, and scanning. In addition, the need for surveillance has become essential in all commercial sectors for safety of facilities. This has led to increase in demand for security & inspection robots.
However, high initial costs of robots hampers growth of the robotics market. In addition, lack of operating technology hinders efficiency of robots and thus restrain its deployment for commercial purposes.
On the contrary, rising trend for adoption of automation has led to increase in funding for R&D and manufacturing of new technologies and robots with commercial point of view. This is expected to boost growth of the robotics market across the globe during the forecast period.
The global robotics market is segmented on the basis of application, end user, and region. On the basis of application, the market is divided into disinfection, shelf scanning, RFID scanning, delivery, security & inspection, and advertising. The security & inspection segment generated the highest revenue in 2020. By application, the market is divided into automotive, retail, healthcare, electronics, and others. The retail segment dominated the market in 2020.
Region wise, the global robotics market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Europe was the highest contributor to the global robotics market share, and is anticipated to secure a leading position during the forecast period. In addition, LAMEA is expected to grow at the highest CAGR during the forecast period.
COMPETITION ANALYSIS
Key players profiled in this report include Blue Ocean Robotics, Brain Corporation, Fetch Robotics, Inc., Honeywell International Inc., Motorola Solutions, Inc., RoboAds, Siemens, Simbe Robotics, Inc., SMP Robotics, and Xenex Disinfection Services Inc.
Key players in this market adopted product launch, partnership, acquisition, agreement, and business expansion as their key strategies to meet changing consumer demands.
By Application
By End User
By Region