MarketsandMarkets’ research report, "Top Robotics Market by Top Industrial Robotics, Top Service Robotics - Global Forecast to 2023", indicates that the top robotics market is expected to grow from $44.02 Billion in 2018 to $69.14 Billion by 2023, at a CAGR of 9.45% during the forecast period. The top service robotics market is expected to grow from $11.27 Billion in 2018 to $29.76 Billion by 2023, at a CAGR of 21.44% during the forecast period. Market growth is driven by factors such increasing demand for service robots from medical and healthcare sectors, and growing investments for automation in various industries.
- Articulated robots to capture the largest share of the top industrial robotics market in 2018
- Top industrial robotics market for metal and machinery industry to grow at a high rate during the forecast period
- APAC to hold the largest share of the top service robotics market during the forecast period
- The top industrial robotics market is currently dominated by players such as FANUC (Japan), ABB (Switzerland), Yaskawa (Japan), KUKA (Germany), and Mitsubishi (Japan). CMA Robotics S.p.A. (Italy), Robert Bosch GmbH (Germany), Anhui Efort Intelligent Equipment (China), Precise Automation, Inc. (US), Rethink Robotics (US), and F&P Robotics AG (Switzerland) are some of the emerging players in the top industrial robotics market. The top service robotics market is currently dominated by players such as Northrop Grumman (US), iRobot (US), DJI (China), Intuitive Surgical (US), and Honda Motor (Japan). Samsung Electronics (South Korea), GeckoSystems (US), DeLaval (Sweden), and Kongsberg Maritime (Norway) are some of the emerging players in the top service robotics market.
For more details, browse the "Top Robotics Market - Global Forecast to 2023" report.