Dublin, May 16, 2018 (GLOBE NEWSWIRE) -- The "Top Robotics Market by Top Industrial Robotics (Articulated, SCARA, Cartesian, Parallel, and Collaborative), Top Service Robotics (Logistics, Domestic, Medical, Field, and Defense, Rescue, & Security) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The top industrial robotics market is expected to grow from USD 44.02 billion in 2018 to USD 69.14 billion by 2023, at a CAGR of 9.45% during the forecast period; the top service robotics market is expected to grow from USD 11.27 billion in 2018 to USD 29.76 billion by 2023, at a CAGR of 21.44% during the forecast period.
Major drivers for top industrial robotics market are increasing adoption of automation and growing demand from small and medium-sized enterprises (SMEs) in developing countries.
High adoption of robots for personal use, such as companionship and entertainment, and increase in the demand from medical and healthcare sectors are some of the key factors driving the growth of the top service robotics market. However, one of the major factors restraining the growth of the top industrial robotics market is the high overall cost of installation for low-volume production applications. Performance of service robots in untested environments and the lack of high-level interfacing are the major factors restraining the growth of the top service robotics market. The top industrial robotics market for collaborative robots is expected to grow at a significant rate between 2018 and 2023. The collaborative robots have a good return on investment (ROI) because they are easy to install and simple to program, and are well accepted by workers. These robots are being adopted at a significant rate owing to their safety features and advantages over industrial robots to perform certain tasks in various industries, and the rate of adoption is expected to grow during the forecast period. Domestic applications are expected to hold the largest share of the top service robotics market in 2018. Growing demand for domestic robots for domestic applications such as vacuum cleaning and lawn mowing is the key factor driving the growth of the market. However, the market for entertainment, education, and personal applications is expected to grow at the highest rate during the forecast period. The increasing number of working officials across the world is expected to put forth a need for service robots for providing companionship to the elderly and toddlers.
Key Topics Covered:
1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 4.1 Attractive Market Opportunities in Top Robotics Market 4.2 Top Robotics Market, By Robotics Type 4.3 Top Industrial Robotics Market, By Industry and Top Service Robotics Market, By Application 4.4 Top Robotics Market, Geographic Analysis 4.5 Top Industrial Robotics Market, By Country 4.6 Top Service Robotics Market, By Country 5 Top Robotics Market, By Robotics Type 5.1 Introduction 5.2 Top Industrial Robotics 5.3 Top Service Robotics 6 Market Overview of Top Industrial Robotics Market 6.1 Introduction 6.2 Market Dynamics 6.2.1 Drivers 6.2.1.1 Increase in Investments for Automation in Industries 6.2.1.2 Growing Demand From SMEs in Developing Countries 6.2.2 Restraints 6.2.2.1 High Overall Installation Cost for Low-Volume Production Applications 6.2.3 Opportunities 6.2.3.1 Increase in Demand for Low-Cost Industrial Robots Capable of Working in Collaboration With Humans 6.2.4 Challenges 6.2.4.1 Manufacturing Advanced Robotic Systems to Meet Customer Requirements in the Era of Iiot 6.2.4.2 Addressing the Need to Safely Handle Industrial-Grade Operations 6.3 Value Chain Analysis 6.4 Technology Trends 7 Top Industrial Robotics Market, By Type 7.1 Introduction 7.2 Articulated Robots 7.3 Scara Robots 7.4 Parallel Robots 7.5 Cartesian Robots 7.6 Collaborative Robots 8 Top Industrial Robotics Market, By Industry 8.1 Introduction 8.2 Automotive 8.3 Electrical and Electronics 8.4 Metals and Machinery 8.5 Chemicals, Rubber, and Plastics 8.6 Food & Beverages 8.7 Precision Engineering and Optics 8.8 Pharmaceuticals and Cosmetics 8.9 Others 9 Geographic Analysis of Top Industrial Robotics Market 9.1 Introduction 9.2 North America 9.2.1 US 9.2.2 Canada 9.2.3 Mexico 9.3 Europe 9.3.1 Germany 9.3.2 Italy 9.3.3 Spain 9.3.4 France 9.3.5 UK 9.3.6 Rest of Europe 9.4 APAC 9.4.1 China 9.4.2 South Korea 9.4.3 Japan 9.4.4 Taiwan 9.4.5 Thailand 9.4.6 India 9.4.7 Rest of APAC 9.5 RoW 9.5.1 Middle East and Africa 9.5.2 South America 10 Competitive Landscape of Top Industrial Robotics Market 10.1 Introduction 10.2 Top Industrial Robotics Market Ranking Analysis, 2017 10.3 Competitive Situations and Trends 10.3.1 Product Launches 10.3.2 Partnerships and Collaborations 10.3.3 Expansions 10.3.4 Contracts and Agreements 10.3.5 Acquisitions 11 Market Overview of Top Service Robotics Market 11.1 Introduction 11.2 Market Dynamics 11.2.1 Drivers 11.2.1.1 High Adoption of Robots for Personal Use 11.2.1.2 Increasing Demand From Medical and Healthcare Sectors 11.2.2 Restraints 11.2.2.1 Performance in Untested Environment and Lack of High-Level Interfacing 11.2.3 Opportunities 11.2.3.1 Focus on Developing Robots With Special Features to Add Value 11.2.3.2 Increasing Geriatric Population Worldwide Boosting Demand for Service Robots for Elderly Assistance 11.2.4 Challenges 11.2.4.1 Safety Concerns While Working With Humans 11.3 Value Chain Analysis 11.4 Technology Trends 12 Top Service Robotics Market, By Type 12.1 Introduction 12.2 Professional Robots 12.3 Personal and Domestic Robots 13 Top Service Robotics Market, By Application 13.1 Introduction 13.2 Domestic 13.2.1 Floor-Cleaning Robots 13.2.2 Lawn-Cleaning Robots 13.2.3 Pool-Cleaning Robots 13.2.4 Window-Cleaning Robots 13.2.5 Others 13.3 Entertainment, Education, and Personal 13.3.1 Entertainment Robots 13.3.2 Education Robots 13.3.3 Personal Robots 13.4 Defense, Rescue, and Security 13.4.1 Demining Robots 13.4.2 Fire and Bomb Fighting Robots 13.4.3 Unmanned Aerial Vehicles 13.4.4 Others 13.5 Field 13.5.1 Milking Robots 13.5.2 Agriculture Robots 13.5.3 Forestry 13.6 Medical 13.6.1 Surgery Assistance Robots 13.6.2 Diagnostic Robots 13.6.3 Other Medical Robots 13.7 Public Relations and Inspection 13.7.1 Telepresence Robots 13.7.2 Inspection and Maintenance Robots 13.8 Logistics 13.9 Human Exoskeleton 13.10 Construction 14 Geographic Analysis of Top Service Robotics Market 14.1 Introduction 14.2 North America 14.2.1 US 14.2.2 Canada 14.2.3 Mexico 14.3 Europe 14.3.1 UK 14.3.2 Germany 14.3.3 France 14.3.4 Rest of Europe 14.4 APAC 14.4.1 Japan 14.4.2 China 14.4.3 India 14.4.4 South Korea 14.4.5 Rest of APAC 14.5 RoW 14.5.1 Middle East & Africa 14.5.2 South America 15 Competitive Landscape of Top Service Robotics Market 15.1 Introduction 15.2 Top Service Robotics Market Ranking Analysis, 2017 15.3 Competitive Situations and Trends 15.3.1 Product Launches 15.3.2 Partnerships and Collaborations 15.3.3 Expansions 15.3.4 Contracts and Agreements 15.3.5 Acquisitions 16 Company Profiles 16.1 Key Players 16.1.1 ABB 16.1.2 Fanuc 16.1.3 Kuka 16.1.4 Yaskawa 16.1.5 Northrop Grumman 16.1.6 Honda Motor 16.1.7 Kawasaki Heavy Industries 16.1.8 Irobot 16.1.9 DJI 16.1.10 3DR 16.2 Other Key Players 16.2.1 Intuitive Surgical 16.2.2 Samsung Electronics 16.2.3 Nachi-Fujikoshi 16.2.4 Mitsubishi 16.2.5 Denso 16.2.6 Omron Adept Technologies 16.2.7 Parrot 16.2.8 Geckosystems 16.2.9 Kongsberg Maritime 16.2.10 Delaval 16.2.11 Universal Robots 16.2.12 Rethink Robotics
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