The robotics market continues to experience a profound and significant restructuring as the traditional industrial robotics sector continues to shrink as an overall percentage of the total robotics industry.Most of this growth is being driven by segments like consumer, enterprise, healthcare, military, unmanned aerial vehicles (UAVs), and autonomous vehicles. Consequences of this shift are already beginning to play out, evidenced by the recent acquisition of traditional industrial robot company KUKA by Chinese consumer electronics manufacturer Midea. The epicenter of robotics continues to shift from the traditional centers of Japan and Europe toward the emerging artificial intelligence (AI) hotbeds of Silicon Valley and China. AI technologies like deep learning, computer vision, and natural language processing (NLP) are revolutionizing autonomy and UI/UX capabilities in robots.
China is already a powerhouse in industrial robotics with 60% of the revenue share, however the Chinese government has plans in place that put it on a trajectory to lead the market for non-industrial robots by 2025. QYResearch anticipates that China will be the leading market for consumer robots, enterprise robots, and autonomous vehicles by 2025. This trend is in line with China's goal of becoming the leading player in AI, for which it is establishing a foundation that includes home-grown AI semiconductor companies, robust software, and hardware platforms that can leverage AI in a range of commercial hardware products, and a scalable ecosystem of large and small companies that feed into the cycle of innovation.
In 2018, the global Robotics market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Robotics status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Robotics development in United States, Europe and China.
The key players covered in this study
Nachi Robotic Systems
Market segment by Type, the product can be split into
Unmanned Aerial Vehicles
Market segment by Application, split into
Telecommunications and IT
Retail and E-Commerce
Government and Defense
Energy and Utilities
Construction and Engineering
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Robotics status, future forecast, growth opportunity, key market and key players.
To present the Robotics development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Robotics are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.