Commercial Robotics Market – 49% of Growth Comes from APAC | Boosted by Growing Demand for Commercial Robotics | More than 17,000 Technavio reports

NEW YORK, April 6, 2022 /PRNewswire/ — The “Commercial Robotics Market by Application (Medical & Healthcare, Defense & Security, Agriculture & Forestry, Marine & Others) and Geography (APAC, North America, Europe, South Americaand the Middle East and Africa) – The “Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio has proudly partnered with over 100 Fortune 500 companies for over 16 years. 49% of market growth will come from APAC during the forecast period. China, Japan, and South Korea are the top markets for commercial robotics in Asia-Pacific. Market growth in this region will be faster than market growth in other regions. Government initiatives, growing demand from automotive industry and strong manufacturing sectors will facilitate the growth of the commercial robotics market in APAC region during the forecast period.

Technavio has announced its latest <a class=market research report titled Commercial Robotics Market by Application and Geography – Forecast and Analysis 2022-2026″ src=”https://s.yimg.com/ny/api/res/1.2/a30nGvWyIR6Lxi.xx2dWzA–/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM5Nw–/https://s.yimg.com/uu/api/res/1.2/MI1X_mfaHN0ejA7UukHvpw–~B/aD0yMjU7dz00MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/prnewswire.com/b7003de5deddfd782733b8eb7a9d26a0″/>

Technavio has announced its latest market research report titled Commercial Robotics Market by Application and Geography – Forecast and Analysis 2022-2026

The difference in potential growth for the commercial robotics market between 2021 and 2026 is $36.33 billion. To get the exact annual growth variance and annual growth rate, talk to our analyst.

Key Market Dynamics:

  • Market engine – The key factor driving the growth of the global commercial robotics industry is the growing demand for commercial robotics due to technological advancements and investments in research and development (R&D) in robotics. Ensuring sufficient production line capacity is becoming critical for small and medium-sized enterprises (SMEs). Labor shortages in countries like Japan will make the problem worse. Furthermore, by 2050, the working-age population worldwide is expected to decline significantly, especially in countries such as China, Japan, Germany, Russiaand France. Countries with a high degree of industrialization and a growing population of elderly people (over 65) are expected to experience a significant shortage of qualified personnel. Thus, there is an increased demand for application-specific bots from these end users. Many vendors are developing custom robots to meet market demand and gain a competitive edge over their peers. These factors will drive the growth of the market over the forecast period.

  • Market Challenges – The main challenge to the growth of the global commercial robotics industry is the high costs of robotic systems. Several end users, especially in emerging economies such as India, are reluctant to buy high-priced commercial robotics. Additionally, vendors need to continuously invest in research and development (R&D) to integrate advanced technologies into commercial robotics. For this reason, several new and advanced models of commercial robotics are expected to be launched in the market over the forecast years. This should further increase the cost of robots. Such an increase in the cost of robots is expected to hinder their adoption in industries, especially in Indiacountry of Africa, and other developing countries. Hence, the high cost of robots poses a major challenge for the growth of the global commercial robotics market.

To learn more about key drivers, trends and additional challenges –. Read our FREE sample report now!

Segmentation analysis

The Commercial Robotics Market report is segmented by Application (Medical and Health, Defense and Security, Agriculture and Forestry, Marine and Others) and Geography (APAC, North America, Europe, South Americaand the Middle East and Africa).

The growth of commercial robotics market share in the medical and health sector will be important for revenue generation. Commercial robotics are used for various domesticated tasks such as long term care, public service, patient monitoring and other similar activities in healthcare facilities as well as home care of patients. For example, during the first half of 2020, a hospital in Chennai, India, used service robots to deliver food and medicine to COVID-19 patients. Thus, the significant increase in the adoption of these robots will drive the market growth across this segment in the coming years.

See our sample report for additional information on the contribution of all segments

Some companies mentioned

The commercial robotics market is fragmented and vendors are deploying growth strategies such as expanding distribution channels to compete in the market.

  • To access more supplier profiles with their key offerings available with Technavio, click here

Related reports:

  • the consumer robotics market The market share is expected to increase by USD 4.70 billion from 2021 to 2026, and the market growth momentum will accelerate at a CAGR of 12.19%. Download a free sample now!

  • the industrial robotics market share is expected to increase by 145.02 thousand units from 2021 to 2026, at a CAGR of 6.62%. Download a free sample now!

Commercial Robotics Market Scope

Report cover

Details

Page number

120

Year of reference

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 29.58%

Market Growth 2022-2026

$36.33 billion

Market structure

Fragmented

Annual growth (%)

23.23

Successful market contribution

APAC at 49%

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

3D Robotics Inc., Accuray Inc., AeroVironment Inc., Autel Intelligent Technology Co., General Electric Co., Honda Motor Co. Ltd., Intuitive Surgical Inc., Irobot Corp., KUKA AG, Northrop Grumman Corp., OMRON Corp. . ., Smith and Nephew plc, Yaskawa Electric Corp., Yuneec International Co. Ltd. and Zimmer Biomet Holdings Inc.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Main topics covered:

1. Summary

2 Market landscape

3 Market sizing

4 Five forces analysis

5 Market Segmentation by Application

6 Customer Landscape

7 Geographic landscape

8 drivers, challenges and trends

9 Supplier landscape

10 Vendor Analysis

11 Appendix

About Us
Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 industry analysts, Technavio’s library of reports Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. Technavio’s exploitable market to identify opportunities in existing and potential markets and assess their competitive positions in changing market scenarios.

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Technavio Research
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Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

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