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As per Renub Research Global Robotics Market will surpass US$ 130 Billion by the end of 2024. The adoption of robotics has risen in different industries in industrial sector like automotive, electrical & electronics and metal industry. Industrial robots are deployed in manufacturing and production processes to perform varieties of tasks. According to Renub Research Analysis, the global service robotics will outperform and stand parallel to global industrial robotics market by the end of year 2024.
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Global service robotics volumes will grow exponentially fueled by unprecedented demand of logistic and mobile platform robots. The demand of robotics in logistic side of supply chain would increase to the great extent and also encourages the large enterprise to pour investment for efficient and effective supply chain management.
The global robotics market is also driven by large investment made by defense sector all around the world to develop unnamed aerial devices and military drones for surveillance, bombing and image capturing application.
Global Robotics Volume accounted for more than 400,000 Units in 2017. In Industrial Robotics electrical & electronics segment is expected to capture close to half of the volume share by the end of 2024. Medical Robotics, Defence Robotics and Logistic Robotics are the top three segments in Service Robotics sector. Intuitive Surgical is the largest player in global robotics market and its brand “da vinci” is well known recognized worldwide.
Renub Research report titled “Global Robotics Market, Volume & Forecast By Type (Automotive, Electrical & Electronics, Metal, Chemical, Rubber and Plastics, Food, Defense, Agriculture, Logistics, Medical, Construction, Mobile Platform, Inspection, Underwater, Rescue and Security)” provides a comprehensive assessment of the fast–evolving, Industrial Robotic Market and Service Robotics Market. This 155 page report with 101 Figures and 19 Tables analyses the global robotics market; volume & forecast, global industrial robotics market; volume & forecast by industry segment, global service robotics market; volume & forecast by categorised segment, driving factors and challenges for Robotics market.
Global Robotics Market is categorizes into two part
A. Industrial Robotics Market
B. Service Robotics Market
