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

The top industrial robotics market is expected to grow from USD 40.68 Billion in 2017 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 9.55 Billion in 2017 to USD 29.76 Billion by 2023, at a CAGR of 21.44% during the forecast period. The growth of the top robotics market is driven by factors such increasing demand for service robots from medical and healthcare sectors, and growing investments for automation in various industries.

The objectives of the study also include:

• To define, describe, and forecast the top robotics market, comprising industrial and service robotics market
• To define, describe, and forecast the top robotics market (industrial and services), in terms of value and volume, on the basis of type, industry, and application.
• To forecast the market size, in terms of value, for various segments with regard to 4 main regions:  North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
• To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• To provide a detailed overview of the value chain pertaining to the top industrial robots market and top service robots market.
• To strategically profile the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
• To analyze competitive developments such as joint ventures, mergers & acquisitions, product launches & developments, and research & developments in the top robotics market

 Years considered for this report:

• Base Year: 2017
• Estimated Year: 2018
• Projected Year: 2023
• Forecast Period: 2018–2023

In the complete engineering process, both top-down and bottom-up approaches, along with several data triangulation methods, have been used to estimate and validate the size and volume of the top robotics market and other dependent submarkets. The key players in the market have been determined through primary and secondary research. This entire research methodology involves the study of the annual and financial reports of the top market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) into the top robotics market.

To know about the assumptions considered for the study, download the pdf brochure

The top robotics market ecosystem comprises industrial robot manufacturers such as FANUC (Japan), ABB (Switzerland), Yaskawa (Japan), KUKA (Germany), and Mitsubishi (Japan). TRAPO AG (Germany), Toolmotion GmbH (Germany), and NIMAK GmbH (Germany) are a few key industrial robot integrators. The top robotics market ecosystem comprises service robot manufacturers such as Northrop Grumman (US), Honda Motor (Japan), iRobot (US), DJI (China), and Intuitive Surgical (US). This ecosystem also includes a few emerging manufacturers of service robots, such as Softbank (Japan), Hanson Robotics (China), Amazon (US), Blue Frog Robotics (France), and Promobot (Russia). Various distribution partners of the service robots worldwide are also a part of this ecosystem. For instance, Vero (a part of Vishnu Engineering Group) (India) is a prime partner of Softbank (Japan).

Key Target Audience:

• Original equipment manufacturers (OEMs)
• OEM technology solution providers
• Research institutes
• Market research and consulting firms
• Forums, alliances, and associations
• Technology investors
• Governments and financial institutions
• Analysts and strategic business planners
• End users that want to know more about the technology and the latest technological developments in the industry

This study answers several questions for stakeholders, primarily which market segments to focus in the next 2–5 years (depending on the range of forecast period) for prioritizing their efforts and investments.

Report Scope:

In this report, the top robotics market has been segmented into the following submarket:

• By Robotic Type:
  • Top Service Robotics Market
  • Top Industrial Robotics Market

  Top Industrial Robotics Market

• By Type:
  • Articulated Robots
  • SCARA Robots
  • Cartesian Robots
  • Parallel Robots
  • Collaborative Robots
• By Industry:
  • Automotive
  • Electrical and Electronics
  • Metal and Machinery
  • Chemicals, Rubber, and Plastics
  • Food & Beverages
  • Precision Engineering and Optics
  • Pharmaceuticals and Cosmetics
  • Others
• Geographic Analysis:
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • APAC
    • China
    • Japan
    • South Korea
    • Taiwan
    • Thailand
    • India
    • Rest of APAC
  • RoW
    • South America
    • Middle East and Africa
• Competitive Landscape

  Top Service Robotics Market

• By Type:
  • Professional Robots
  • Personal and Domestic Robots
• By Application:
  • Domestic
  • Entertainment, Education, and Personal
  • Defense, Rescue, and Security
  • Field
  • Medical
  • Public Relations and Inspection
  • Logistics
  • Human Exoskeleton
  • Construction
• Geographic Analysis:
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • Japan
    • South Korea
    • India
    • Rest of APAC
  • RoW
    • South America
    • Middle East & Africa
• Competitive Landscape
• Company Profiles: Detailed analysis of the major companies present in the top robotics market.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Product Analysis

• Product matrix gives a detailed comparison of product portfolio of each company.

Company Information

• Detailed analysis and profiling of additional market players (up to 5).

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
           2.1.3 Secondary and Primary Research
                    2.1.3.1 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 37)
    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 (Page No. - 42)
    5.1 Introduction
    5.2 Top Industrial Robotics
    5.3 Top Service Robotics

6 Market Overview of Top Industrial Robotics Market (Page No. - 45)
    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 (Page No. - 52)
    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 (Page No. - 65)
    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 (Page No. - 79)
    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 (Page No. - 93)
     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 (Page No. - 99)
     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 (Page No. - 106)
     12.1 Introduction
     12.2 Professional Robots
     12.3 Personal and Domestic Robots

13 Top Service Robotics Market, By Application (Page No. - 111)
     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 (Page No. - 132)
     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 (Page No. - 145)
     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 (Page No. - 151)
     16.1 Key Players
(Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis)*
             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
*Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.
     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

17 Appendix (Page No. - 183)
     17.1 Discussion Guide
     17.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     17.3 Introducing RT: Real-Time Market Intelligence
     17.4 Available Customizations
     17.5 Related Reports
     17.6 Author Details

List of Tables (75 Tables)

Table 1 Top Robotics Market, By Robotics Type, 2015–2023 (USD Billion)
Table 2 Top Robotics Market, By Type, 2015–2023 (Units)
Table 3 Introduction of Customized Robots Leading Trend in Top Industrial Robotics Market
Table 4 Top Industrial Robotics Market, By Type, 2015–2023 (USD Million)
Table 5 Top Industrial Robotics Market, By Type, 2015–2023 (Units)
Table 6 Top Industrial Robotics Market for Articulated Robots, By Industry, 2015–2023 (USD Million)
Table 7 Top Industrial Robotics Market for Articulated Robots, By Industry, 2015–2023 (Units)
Table 8 Top Industrial Robotics Market for Scara Robots, By Industry, 2015–2023 (USD Million)
Table 9 Top Industrial Robotics Market for Scara Robots, By Industry, 2015–2023 (Units)
Table 10 Top Industrial Robotics Market for Parallel Robots, By Industry, 2015–2023 (USD Million)
Table 11 Top Industrial Robotics Market for Parallel Robots, By Industry, 2015–2023 (Units)
Table 12 Top Industrial Robotics Market for Cartesian Robots, By Industry, 2015–2023 (USD Million)
Table 13 Top Industrial Robotics Market for Cartesian Robots, By Industry, 2015–2023 (Units)
Table 14 Top Industrial Robotics Market for Collaborative Robots, By Industry, 2015–2023 (USD Million)
Table 15 Top Industrial Robotics Market for Collaborative Robots, By Industry, 2015–2023 (Units)
Table 16 Top Industrial Robotics Market, By Industry, 2015–2023 (USD Million)
Table 17 Top Industrial Robotics Market, By Industry, 2015–2023 (Units)
Table 18 Top Industrial Robotics Market for Automotive Industry, By Region, 2015–2023 (Units)
Table 19 Top Industrial Robotics Market for Electrical and Electronics Industry, By Region, 2015–2023 (Units)
Table 20 Top Industrial Robotics Market for Metals and Machinery Industry, By Region, 2015–2023 (Units)
Table 21 Top Industrial Robotics Market for Plastics, Rubber, and Chemicals Industries, By Region, 2015–2023 (Units)
Table 22 Top Industrial Robotics Market for Food & Beverages Industry, By Region, 2015–2023 (Units)
Table 23 Top Industrial Robotics Market for Precision Engineering and Optics Industry, By Region, 2015–2023 (Units)
Table 24 Top Industrial Robotics Market for Pharmaceuticals and Cosmetics Industry, By Region, 2015–2023 (Units)
Table 25 Top Industrial Robotics Market for Other Industries, By Region, 2015–2023 (Units)
Table 26 Top Industrial Robotics Market, By Region, 2015–2023 (USD Billion)
Table 27 Top Industrial Robotics Market, By Region, 2015–2023 (Units)
Table 28 Top Industrial Robotics Market in North America, By Country, 2015–2023 (Units)
Table 29 Top Industrial Robotics Market in Europe, By Country, 2015–2023 (Units)
Table 30 Top Industrial Robotics Market in APAC, By Country, 2015–2023 (Units)
Table 31 Top Industrial Robotics Market in RoW, By Region, 2015–2023 (Units)
Table 32 Top Industrial Robotics Market Ranking, 2017
Table 33 Product Launches, 2015–2017
Table 34 Partnerships and Collaborations, 2015–2017
Table 35 Expansions, 2015–2017
Table 36 Contracts and Agreements, 2015–2017
Table 37 Acquisitions, 2015–2017
Table 38 Growth of Telepresence and Humanoid Robots Leading Trend in Top Service Robotics Market
Table 39 Top Service Robotics Market, By Type, 2015–2023 (USD Billion)
Table 40 Top Service Robotics Market, By Type, 2015–2023 (Thousand Units)
Table 41 Top Service Robotics Market for Professional Robots, By Application, 2015–2023 (USD Million)
Table 42 Top Service Robotics Market for Professional Robots, By Application, 2015–2023 (Units)
Table 43 Top Service Robotics Market for Personal and Domestic Robots, By Application, 2015–2023 (USD Million)
Table 44 Top Service Robots Market for Personal and Domestic Robots, By Application, 2015–2023 (Thousand Units)
Table 45 Top Service Robotics Market, By Application, 2015–2023 (USD Million)
Table 46 Top Service Robotics Market, By Application, 2015–2023 (Units)
Table 47 Top Service Robotics Market for Domestic Applications, By Type, 2015–2023 (Thousand Units)
Table 48 Top Service Robotics Market for Domestic Applications, By Region, 2015–2023 (USD Million)
Table 49 Top Service Robotics Market for Entertainment, Education, and Personal Applications, By Type, 2015–2023 (Thousand Units)
Table 50 Top Service Robotics Market for Entertainment, Education, and Personal Applications, By Region, 2015–2023 (USD Million)
Table 51 Top Service Robotics Market for Defense, Rescue, and Security Applications, By Type, 2015–2023 (Units)
Table 52 Top Service Robotics Market for Defense, Rescue, and Security Applications, By Region, 2015–2023 (USD Million)
Table 53 Top Service Robotics Market for Field Applications, By Type, 2015–2023 (Units)
Table 54 Top Service Robotics Market for Field Applications, By Region, 2015–2023 (USD Million)
Table 55 Top Service Robotics Market for Medical Applications, By Type, 2015–2023 (Units)
Table 56 Top Service Robotics Market for Medical Applications, By Region, 2015–2023 (USD Million)
Table 57 Top Service Robotics Market for Public Relations and Inspection Applications, By Type, 2015–2023 (Units)
Table 58 Top Service Robotics Market for Public Relations and Inspection Applications, By Region, 2015–2023 (USD Million)
Table 59 Top Service Robotics Market for Logistics Applications, By Type, 2015–2023 (Units)
Table 60 Top Service Robotics Market for Logistics Applications, By Region, 2015–2023 (USD Million)
Table 61 Top Service Robotics Market for Exoskeleton Applications, By Type, 2015–2023 (Units)
Table 62 Top Service Robotics Market for Exoskeleton Applications, By Region, 2015–2023 (USD Million)
Table 63 Top Service Robotics Market for Construction Applications, By Type, 2015–2023 (Units)
Table 64 Top Service Robotics Market for Construction Applications, By Region (USD Million)
Table 65 Top Service Robotics Market, By Region, 2015–2023 (USD Million)
Table 66 Top Service Robotics Market in North America, By Country, 2015–2023 (USD Million)
Table 67 Top Service Robotics Market in Europe, By Country, 2015–2023 (USD Million)
Table 68 Top Service Robotics Market in APAC, By Country, 2015–2023 (USD Million)
Table 69 Top Service Robotics Market in RoW, By Region, 2015–2023 (USD Million)
Table 70 Top Service Robotics Market Ranking, 2017
Table 71 Product Launches, 2015–2017
Table 72 Partnerships and Collaborations, 2015–2017
Table 73 Expansions, 2015–2017
Table 74 Contracts and Agreements, 2015–2017
Table 75 Acquisitions, 2015–2017

List of Figures (65 Figures)

Figure 1 Segmentation of Top Robotics Market
Figure 2 Top Robotics Market: Research Design
Figure 3 Top Robotics Market: Bottom-Up Approach
Figure 4 Top Robotics Market: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Top Service Robotics Market to Grow at Higher CAGR During Forecast Period
Figure 7 Articulated Robots to Hold Largest Share of Top Industrial Robotics Market in 2018
Figure 8 Professional Robots to Hold Largest Share of Top Service Robotics Market in 2018
Figure 9 Top Industrial Robotics Market for Automotive Industry to Register Largest Shipment in 2018
Figure 10 Top Service Robotics Market for Entertainment, Education, and Personal Applications to Grow at Highest CAGR During Forecast Period
Figure 11 APAC to Hold Largest Share of Top Industrial Robotics Market in 2018
Figure 12 APAC to Hold Largest Share of Top Service Robotics Market in 2018
Figure 13 Increasing Adoption of Robots for Personal Use to Drive Growth of Top Robotics Market During Forecast Period
Figure 14 Top Industrial Robotics to Hold Larger Share of Top Robotics Market in 2018
Figure 15 Automotive Industry to Hold Largest Share of Top Industrial Robotics Market in 2018
Figure 16 APAC to Hold Largest Share of Top Industrial Robotics Market and Top Service Robotics Market in 2018
Figure 17 China to Hold Largest Share of Top Industrial Robotics Market in 2018
Figure 18 US to Hold Largest Share of Top Service Robotics Market in 2018
Figure 19 Top Service Robotics Market Expected to Grow at Higher CAGR During Forecast Period
Figure 20 Increase in Investments for Automation in Industries Driving Top Industrial Robotics Market
Figure 21 Top Industrial Robotics Value Chain Analysis: R&D Stage Contributes Maximum Value
Figure 22 Top Industrial Robotics Market for Collaborative Robots to Grow at Highest CAGR During Forecast Period
Figure 23 Representation of A 6-Axis Articulated Robot
Figure 24 Representation of A 4-Axis Scara Robot
Figure 25 Representation of A Parallel Robot
Figure 26 Representation of A Cartesian Robot
Figure 27 More Than 220 Thousand Units of Collaborative Robots to Be Shipped By 2023
Figure 28 Top Industrial Robots Market for Food & Beverages Industry to Grow at Highest CAGR During Forecast Period
Figure 29 Automotive Industry to Hold Largest Share of Top Industrial Robotics Market in 2018
Figure 30 Increasing Shipment of Industrial Robots to Electrical and Electronics Industry, 2015–2023
Figure 31 Metals and Machinery Industry: Annual Shipment of Industrial Robots to Grow By 156% in 2023 Over 2018
Figure 32 Chemicals, Rubber, and Plastics Industry: Annual Shipment of Industrial Robots to Be More Than Twice By 2023 Over 2018
Figure 33 Food & Beverages Industry: Annual Shipment of Collaborative Robots to Exceed All Other Industrial Robots By 2023
Figure 34 Top Industrial Robotics Market in APAC Expected to Grow at Significant CAGR During Forecast Period
Figure 35 North America: Snapshot of Top Industrial Robotics Market
Figure 36 Europe: Snapshot of Top Industrial Robotics Market
Figure 37 Number of Shipments of Top Industrial Robots in Rest of Europe to Be Doubled By 2023 Over 2018
Figure 38 APAC: Snapshot of Top Industrial Robotics Market
Figure 39 Number of Shipments of Top Industrial Robots in RoW to Cross 35,000 Units By 2023
Figure 40 Players in the Top Industrial Robotics Market Adopted Product Launches as Their Key Growth Strategy Between January 2015 and 2017
Figure 41 Product Launches, Partnerships, and Collaborations Emerged as Key Business Strategies Adopted By Market Players Between 2015 and 2017
Figure 42 Increasing Demand From Medical and Healthcare Sectors Driving Growth of Top Service Robotics Market
Figure 43 Population Aged 65 Years and Above to Reach 1 Billion By 2030
Figure 44 Value Chain Analysis of Service Robots Ecosystem: R&D and Manufacturing Phases Contribute Maximum Value
Figure 45 Number of Shipments of Personal and Domestic Robots to Cross 32 Million Units By 2023
Figure 46 Top Service Robotics Market for Entertainment, Education, and Personal Applications to Grow at Highest CAGR During Forecast Period
Figure 47 Entertainment Robots to Hold Largest Share of Top Service Robotics Market for Entertainment, Education, and Personal Applications During Forecast Period
Figure 48 Milking Robots to Dominate Top Service Robotics Market for Field Applications During Forecast Period
Figure 49 Top Service Robotics Market for Public Relations and Inspection Applications in APAC to Grow at Highest CAGR During Forecast Period
Figure 50 Roadwork Robots Expected to Dominate Top Service Robotics Market for Construction Applications During Forecast Period
Figure 51 Top Service Robotics Market in APAC to Grow at Highest CAGR During Forecast Period
Figure 52 North America: Snapshot of Top Service Robotics Market
Figure 53 Europe: Snapshot of Top Service Robotics Market
Figure 54 APAC: Snapshot of Top Service Robotics Market
Figure 55 Top Service Robotics Market in Middle East and Africa to Grow at A Higher CAGR During Forecast Period
Figure 56 Players in the Top Service Robotics Market Adopted Product Launches as Their Key Growth Strategy Between January 2015 and 2017
Figure 57 Product Launches, Partnerships, and Collaborations Emerged as Key Business Strategies Adopted By Players in Top Service Robotics Market Between 2015 and 2017
Figure 58 ABB: Company Snapshot
Figure 59 Fanuc: Company Snapshot
Figure 60 Kuka: Company Snapshot
Figure 61 Yaskawa: Company Snapshot
Figure 62 Northrop Grumman: Company Snapshot
Figure 63 Honda Motor: Company Snapshot
Figure 64 Kawasaki Heavy Industries: Company Snapshot
Figure 65 Irobot: Company Snapshot

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. The growth of the top robotics market is driven by factors such increasing demand for service robots from medical and healthcare sectors, and growing investments for automation in various industries.

Articulated robots are expected to hold the largest share of the top industrial robotics market in 2018 owing to increased payload capacity, work envelope, reliability, and speed. Articulated robots are used in several applications, including welding, painting, assembly, packaging, palletizing, depalletizing, machine tending, sealing, gluing, cutting, cleaning, deburring, die casting, grinding, polishing, material handling, case packing, pick and place, pre-machining, and press brake tending. However, the market for collaborative robots is expected to grow at the highest rate during the forecast period.

Among all industries, the metals and machinery industry has been among the versatile industries for automation solutions. It performs several functions ranging from small details to higher performance in complex tasks. With growing demand for machines in industries, such as agriculture, packaging, and manufacturing, for various applications, the top industrial robots market for the metals and machinery industry is expected to grow at the highest rate during the forecast period. However, the automotive industry is expected to hold the largest share of the top industrial robotics market in 2018.

Professional robots are expected to hold the largest share of the top service robotics market in 2018. The major factors driving the market for professional robots include the integration of service robots with various technologies, increase in demand for warehouse automation, short- to medium-term payback period, and high return on investment (ROI). However, the market for personal and domestics robots is expected to grow at a higher rate during the forecast period.

Among all applications, 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.

Top robotics market refers to industrial and service robots that currently dominate the overall robotics market and hold significant potential for future diffusion and deployment across diversified application verticals. Despite the high rate of adoption of industrial robots in SMEs, there still exist restraints for the adoption of industrial robots for low-volume production. As industrial robots are designed as per the requirements of the application, it is an inevitable process of modifying or reconfiguring industrial robots every time the application is changed. The cost of reconfiguration and reinstallation of robots is high for lower volume production. Hence, high overall installation cost for low-volume production applications is a key factor that restraints the growth of the top industrial robotics market. For top service robotics market, the performance of service robots in untested environments and the lack of high-level interfacing are the major factors restraining the growth of the market.

FANUC strengthened its united efforts to attain stability and prosperity in its business as well as deepen the trust of customers in its products and services. It implements its slogan of “Reliable/Predictable/Easy to Repair” in product development to reduce the downtime of its customers and improve operability. Due to relatively slow growth in the automotive industry in China, Japan, and European countries, FANUC has come up with the strategy of establishing business divisions for each product line consisting of factory automation (FA), robots, and RoboMachines. FANUC has been consistently focusing on R&D to maintain its competitive edge. In 2015, it introduced new products such as CR-35Ia, M 710iC/12L, and M- 710iC/45M. FANUC continues to enhance its productivity in manufacturing through robotization, i.e., it manufactures all of its products in highly automated factories.

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