Global Robotics Market, Volume & Size by Type Industrial Forecast to 2026

The use of robotics in manufacturing and industry continues to advance, expand, and evolve at a rapid pace. While the early adaptation of Industry 4.0 has seen significant increases in productivity combined with as much decrease in maintenance costs, not everyone is yet on board with Industry 4.0 adoption. Small and mid-size manufacturers discover multiple advantages of investment, including improving the safety of their increased quality, facility, control, and higher customer satisfaction due to faster and more efficient production. Global Robotics Market will reach to US$ 161.34 Billion by 2026.

Global Robotics Market, Volume & Forecast by Type Industrial & Service

Renub Research report titled “Global Robotics Market, Volume & Forecast by Type Industrial (Automotive, Electrical & Electronics, Metal, Chemical, Rubber and Plastics, Food), Service (Defense, Agriculture, Logistics, Medical, Construction, Mobile Platform, Inspection)” provides a comprehensive assessment of the fast-evolving, Global Robotics Industry.

Global Robotics market segmented in two categories.

1) Industrial Robotics Market
2) Service Robotics Market

Renub Research studies the comprehensive insight of Global industrial robotics market and volume by Type (Electrical & Electronics, Automotive, Metal, Chemical Rubber and Plastics, Food, Others and Unspecified). “Robots” designed for safe physical interaction with humans in a shared workspace is finding their place in a wide range of industries. Human-machine collaboration is a major industrial robotics trend and a driver behind global robotics market growth.

The market share of service robotics will multiply by 2026. Top categories in the service robotics sector are Medical, Inspection and Logistic. Global service robotics volumes will proliferate propelled by exceptional demand of logistic robots and mobile platform robots. Machine learning and artificial intelligence are also set to have a significant impact on the next generation of service robotics.

Instinctive Surgical is the leading player in the global robotics market, and its image “da Vinci” is a famous comprehensively. A portion of the other conspicuous players was iRobot, Yaskawa Electric Corporation, ABB Limited, Fanuc Corporation, Rockwell Automation and Medtronic. Growth drivers of these companies include a desire to develop quality and enhance productivity while decreasing working costs, as well as to increase safety for employees while responding to a lack of available skilled workers. Investment is also motivated by the need for increased flexibility in production and improved capabilities of robots.

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A shortage of skilled labour is driving further use of automation in the global robotics market. Manufacturers are turning to decrease manufacturing costs and to keep their cost advantage in the market. COVID-19, companies are expecting increased use of automated systems can ensure continued manufacturing and supply, given the restrictions on the movement for individuals.

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Global Service Robotics Market, Volume Forecast to 2026

Renub Research study titled “Service Robotics Market, Volume Global Forecast by (Defense, Agriculture (Field), Logistic, Medical, Construction, Mobile Platform and Inspection) Companies (Honeywell Company, Medtronic, iRobot Corporation and Intuitive Surgical)” analyses the global service robotics industry.

Service Robotics Market, Volume Global Forecast by Segments & Companies Analysis

Growth in Service Robotics Market due to COVID-19

Robots can provide contact-free alternatives to healthcare workers due to the highly contagious nature of the coronavirus. A robot allows healthcare personal to remotely check body temperatures, measure blood pressure and oxygen saturation from patients hooked up to a ventilator. From sterilising hospitals and public places to delivery services, robots are proving to be a big game-changer in the current pandemic. Specialised robots are sanitising rooms and delivering meals, handling all the hidden extra work associated with a surge in patients.

In hotels, front desk employees are using robots to interact in real-time with guests from a safe distance. Realtors are teleoperating robots to display properties from the safety of their own homes. The automation of laboratory and supply chain to be the next big opportunity in future. The COVID-19 test processing that relies on a small set of labs is slow. But by automating, we can eliminate some of the delays currently being experienced in many parts of the United States.

Implementation of service robotics systems in varied professional purpose areas will change the service robotics market globally. Services robotics sector has a vital impact on agriculture, surgery, public relations, and logistics in growing economic importance. There is a massive demand for monitoring everyday surroundings which result in increased and difficult-to-manage workloads and data flows. The number of developing countries in the globe is looking to add robotic solutions to their facilities to the increasing workforce. Demand for service robots in defense, agriculture and healthcare are driving service robot market growth. High labour costs, increasing awareness of service applications, and scarcity of skilled workers are also supporting the service robotics market globally. According to Renub Research, Service Robotics Market is expected to reach US$ 106.9 Billion by 2026.

About Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises of major players in Life Sciences, Information Technology, Telecom, Financial Services (Banking, Insurance), Energy, Retail, Manufacturing, Automotive, and Social sector. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

Also Read:

Service Robotics Market: https://www.prlog.org/12825142-service-robotics-market-volume-global-forecast-by-segments-companies-analysis.html

Contact Us:
Renub Research
Phone No: +1 678-302-0700 (USA) | +91-120-421-9822 (IND)
Email : info@renub.com
Web: https://www.renub.com
Fallow on Linkedin: https://www.linkedin.com/company/renub-research