Global Commercial Robotics Market 2021 is expected to register a CAGR of 22.14%, during forecast period with Impact of Covid 19 Analysis

Commercial

Global “Commercial Robotics Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Commercial Robotics in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Commercial Robotics Market report categorizes the market based on manufacturers, regions, type, and application. Commercial Robotics Market reports offer a detailed assessment of the Commercial Robotics including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Commercial Robotics market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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The global commercial robotics market was valued at USD 6.4 billion in 2017, and is expected to reach a value of USD 28.1 billion by 2023, at a CAGR of 22.14%, during the forecast period (2018 – 2023). The regions considered in the scope of the report include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Robotics play a crucial role in commercial applications, with many core operations being managed by robots. The market has been witnessing huge demand since the past decade, owing to the rising convergence of robotics and artificial intelligence including planning and search, probabilistic inference, localization, tracking and control, all with a focus on robotics. Moreover, the medical robotics sector has developed at a rapid rate owing to growing acknowledgment of its benefits in the healthcare sector. The healthcare industry is particularly strongly leaned towards technological innovation the IoT and investments in robotics have been the major contributors to the growth of the market. Over the years, the market has been supported by the demand for robotic surgery. Moreover, research in the field of surgical robotics by prominent universities is also expected to play a key role in the development. However, higher costs of these robots may restrain their growth in the market.

Demand for Commercial Drones to Drive the Market

Driven by use of UAVs in executing high-risks, rising use in military and battlefield, commercial drones are expected to significantly drive the market during the forecast period. The flight of UAVs may operate with various degrees of autonomy either under remote control by a human operator or autonomously by on-board computers. Growing demand for better aerial imaging, increasing demand for remote sensing, and air surveillance coupled with advent of advanced sensors and faster computing capabilities are driving the adoption of UAVs and drones in commercial applications. Moreover, the technology maturity and falling prices of these equipment are expected to provide the market with significant opportunities in the future.

Security in Military and Defense to Generate a Huge Potential for Commercial Robotics

Military robot automation of the defence process is the next wave of military evolution. As automated systems and networking complement the Internet, communication is facilitated on a global basis. Over the past decade, there have been increasing levels of investment in surveillance and security in the defense sector. From 2017, the US military and its partners started expanding their use of drones, turning them for logistical purposes, like resupply while expanding their abilities to defend against enemy drones. The UAVs and drones are increasingly being adopted in the defence & military sector worldwide owing to their benefits, such as enemy tracking, use in war zones in reconnaissance of unknown areas or buildings, and force protection and to assist in searches for lost or injured soldiers, as well as a real-time view of various missions. Thus, with the increase in the defense spending globally and advancements in technology, this industry accounts for a significant share in the commercial robotics market.

North American Region Dominated The Market

The North American region is set to lead the market for commercial robotics in the forecast period due to the widespread acceptance of the infrastructure required for adoption of commercial robotic systems. The steady technological advancement of the healthcare sector in North America is a major driver for the commercial robotics market in the region. U.S being home to some of the largest players in the market and being a pioneer in the adoption of surgical robots is one of the primary factors that has influenced the growth during the past decade. United States accounted for about 1,574 patents filed relating to surgical robots over 2012-2016. Moreover, U.S. healthcare spending grew 4.3% in 2016, reaching USD 3.3 trillion. As a share of the nation’s GDP, health spending accounted for 17.9 percent, which is more than 50% of global average. Moreover, the defence & security sector also accounts for a significant portion of the demand for robotics in region, as developed countries in these regions have focused on military modernization in the recent past. The U.S. military expenditure increased from 500 billion in 2005 to around 610 billion in 2016. This military spending includes all regular activities of the Department of Defence, such as war spending, nuclear weapons spending, international military assistance, security surveillance, and other spending. Moreover, the airborne drones have seen a phenomenal increase in their application because of its heavy usage in security and surveillance. In 2016, the Pentagon, the Department of Defence in the U.S. had deployed drones to spy over U.S. territory for non-military missions over the past decade. These factors have increased the demand for security robots in North America.

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The global Commercial Robotics market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Commercial Robotics Market Report covers the Top Key-players in 2021:-

  • Northrop Grumman Corp.
  • KUKA AG
  • iRobot Corporation
  • Yaskawa Electric Corporation
  • Honda Motor Company
  • Limited
  • Omron Adept Technologies Inc.
  • 3D Robotics Inc.
  • Accuray
  • Inc.
  • Alphabet Inc.
  • Amazon Robotics LLC

Highlighted points of Commercial Robotics Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

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This Commercial Robotics Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Commercial Robotics? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Commercial Robotics Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Commercial Robotics Market? What Was Capacity, Production Value, Cost and PROFIT of Commercial Robotics Market?
  • What Is Current Market Status of Commercial Robotics Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Commercial Robotics Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Commercial Robotics Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Commercial Robotics Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Commercial Robotics Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Commercial Robotics Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Commercial Robotics Industry?

Key Developments in the Commercial Robotics Market:

  • January 2018 – Intuitive Surgical Inc. had recently won an approval for an additional 12 procedures in Japan using its da Vinci robot-assisted surgery devices. The approvals can represent an additional 200,000 cases in Japan, up from 30,000. da Vinci is now approved for additional colorectal, gynecological and thoracic surgeries, gastrectomies, bladder cystectomies, esophagectomies, and mitral valvuloplasty
  • September 2017 – Northrop Grumman Corporation and Orbital ATK, Inc. had entered into a definitive agreement under which Northrop Grumman acquired Orbital ATK for approximately USD 7.8 billion in cash, plus the assumption of USD 1.4 billion in net debt
    The m

    Reasons to Purchase this Report

  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • Effect of Integration of robotics with AI and IoT on the market
  • Regional analysis of the market
  • Identifying the latest developments, market shares and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

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    Finally, the report Global Commercial Robotics Market 2021 describes the Commercial Robotics industry expansion game plan, the Commercial Robotics industry knowledge supply, appendix, analysis findings, and the conclusion.

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