Analysing the robotics market

Market report Analysing the robotics market

16.04.2018Author / Editor: Ahlam Rais / Ahlam Rais

An overview of the robotics market along with the latest trends of this industry is highlighted here. In addition to this, a snapshot of the export market will be given.

About 1.7 million new robots will transform the world’s factories by 2020, predicts the International Federation of Robotics.
(Source: Deposit Photos)

The global robotics market is expected to grow at a CAGR (Compound Annual Growth Rate) of 10.54 % during the period of 2017-2022, states a report by Research and Markets . Industrial robots have been in vogue as it enables manufacturers to create products with greater precision and flexibility in a shorter period of time. Some of the major players in this market include ABB , Kuka , Mitsubishi, Yaskawa Electric Corp., Kawasaki Robotics and many more. The International Federation of Robotics (IFR) states that 1.7 million new robots will transform the world’s factories by 2020.

Trends in the robotics market

Industry 4.0: The factory of today’s ‘Industry 4.0’ age is becoming smarter and needs to be equipped with smart technologies and innovations. Although robots are used for efficient production, they must be integrated into the factory network and systems to ensure a smooth production process. Most of the industry players have already developed robotic models that act on real-time data collected by sensors.

More than 60 robotics companies, systems integrators and providers of gripper technology will be showcasing their Smart Factory solutions at the Application Park. (Deutsche Messe)

Cloud robotics: Experts are also predicting the cloud robotics segment to grow rapidly in the near future. Cloud robotics are those in which data from one robot is compared to data from other robots in the same or different locations. The cloud network allows these connected robots to perform the same activities.

Implementation in small and medium sized companies: Robots ensure automation of processes in production lines. There are numerous small and medium sized players in the market that are willing to or are already using robots. Hence, it is important to develop robots that are user-friendly and easy to programme in their small production set up.

Subscribe to the newsletter now

Don't Miss out on Our Best Content

Business E-mail

Please enter a valid mailadress.

By clicking on „Subscribe to Newsletter“ I agree to the processing and use of my data according to the consent form (please expand for details) and accept the Terms of Use. For more information, please see our Privacy Policy.

Stand vom 23.03.2021

Naturally, we always handle your personal data responsibly. Any personal data we receive from you is processed in accordance with applicable data protection legislation. For detailed information please see our privacy policy.

Consent to the use of data for promotional purposes

I hereby consent to Vogel Communications Group GmbH & Co. KG, Max-Planckstr. 7-9, 97082 Würzburg including any affiliated companies according to §§ 15 et seq. AktG (hereafter: Vogel Communications Group) using my e-mail address to send editorial newsletters. A list of all affiliated companies can be found here

Newsletter content may include all products and services of any companies mentioned above, including for example specialist journals and books, events and fairs as well as event-related products and services, print and digital media offers and services such as additional (editorial) newsletters, raffles, lead campaigns, market research both online and offline, specialist webportals and e-learning offers. In case my personal telephone number has also been collected, it may be used for offers of aforementioned products, for services of the companies mentioned above, and market research purposes.

In case I access protected data on Internet portals of Vogel Communications Group including any affiliated companies according to §§ 15 et seq. AktG, I need to provide further data in order to register for the access to such content. In return for this free access to editorial content, my data may be used in accordance with this consent for the purposes stated here.

Right of revocation

I understand that I can revoke my consent at will. My revocation does not change the lawfulness of data processing that was conducted based on my consent leading up to my revocation. One option to declare my revocation is to use the contact form found at https://support.vogel.de. In case I no longer wish to receive certain newsletters, I have subscribed to, I can also click on the unsubscribe link included at the end of a newsletter. Further information regarding my right of revocation and the implementation of it as well as the consequences of my revocation can be found in the data protection declaration, section editorial newsletter.

(ID:45250827)