Robotics and Automation Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Automation is a process of utilizing computer software, physical machines, and technologies to conduct regular tasks efficiently by eliminating labors. In addition, robotics is a process of designing, developing, and using robots for conducting a specific task. With growing production plants of automotive and manufacturing industry majorly, demand for robotics and automation is booming.

MARKET DYNAMICS

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With growing technological advancements and need to lower human errors while savings costs in industries, demand for advanced technologies is driving the growth of robotics and automation market. Also, rising need of automated machines for production & assembly purpose driving the growth of robotics and automation market. Nonetheless, the automotive robotics industry is witnessing high growth owing to demand for premium cars that needs complex production techniques. This growth is influencing the automotive robotics industry to adopt advanced technologies; which is anticipated to provide ample of growth opportunities to the players operating in the robotics and automation market.

MARKET SCOPE

The "Global Robotics and Automation Market Analysis to 2031" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the robotics and automation market with detailed market segmentation- component, industry, mobility, and geography. The global robotics and automation market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading robotics and automation market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global robotics and automation market is segmented on the basis of component, industry, and mobility. Based on component, the robotics and automation market is segmented into hardware, software, services. On the basis of industry, the robotics and automation market is segmented automotive, consumer products, energy, food and beverage, healthcare, others. Based on mobility, the robotics and automation market is segmented into autonomous robot, assistive robotics.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global robotics and automation market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The robotics and automation market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the robotics and automation market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the robotics and automation in these regions.

MARKET PLAYERS

The reports cover key developments in the robotics and automation market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from robotics and automation market are anticipated to lucrative growth opportunities in the future with the rising demand for robotics and automation in the global market. Below mentioned is the list of few companies engaged in the robotics and automation market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the robotics and automation market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   ABB Ltd.
  
•   Epson
  
•   FANUC Corporation
  
•   Hon Hai Group
  
•   KUKA AG
  
•   Mitsubishi Electric Automation, Inc.
  
•   Siemens AG
  
•   Toyota
  
•   Teradyne Inc.
  
•   Yaskawa Electric Corporation
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Robotics and Automation Report Scope