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Technavio has been monitoring the robotics market and it is poised to grow by USD 8.92 billion during 2020-2024, progressing at a CAGR of over 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio has announced its latest market research report titled Global Robotics Market 2020-2024 (Graphic: Business Wire)

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., Clearpath Robotics Inc., FANUC Corp., Intuitive Surgical Inc., iRobot Corp., Midea Group Co. Ltd., Mobile Industrial Robots AS, OMRON Corp., Savioke Inc., and Yaskawa Electric Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Technological advances in robot hardware have been instrumental in driving the growth of the market. However, the shortage of skilled personnel might hamper market growth.

Robotics Market 2020-2024: Segmentation

Robotics Market is segmented as below:

  • Application
  • Geography
    • APAC
    • Europe
    • North America
    • MEA
    • South America

Robotics Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our robotics market report covers the following areas:

  • Robotics Market size
  • Robotics Market trends
  • Robotics Market industry analysis

This study identifies improvements in robotic system integration services as one of the prime reasons driving the robotics market growth during the next few years.

Robotics Market 2020-2024: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the robotics market, including some of the vendors such as ABB Ltd., Clearpath Robotics Inc., FANUC Corp., Intuitive Surgical Inc., iRobot Corp., Midea Group Co. Ltd., Mobile Industrial Robots AS, OMRON Corp., Savioke Inc., and Yaskawa Electric Corp. Backed with competitive intelligence and benchmarking, our research reports on the Robotics Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Robotics Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist robotics market growth during the next five years
  • Estimation of the robotics market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the robotics market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of robotics market vendors
  • Market ecosystem
  • Value chain analysis
  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024
  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Industrial – Market size and forecast 2019-2024
  • Services – Market size and forecast 2019-2024
  • Market opportunity by Application
  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • North America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Overview
  • Landscape disruption
  • Vendors covered
  • Market positioning of vendors
  • ABB Ltd.
  • Clearpath Robotics Inc.
  • FANUC Corp.
  • Intuitive Surgical Inc.
  • iRobot Corp.
  • Midea Group Co. Ltd.
  • Mobile Industrial Robots AS
  • OMRON Corp.
  • Savioke Inc.
  • Yaskawa Electric Corp.
  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

CONTACT: Technavio Research

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SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 07/07/2020 05:30 PM/DISC: 07/07/2020 05:30 PM

Copyright Business Wire 2020.

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