The global commercial robotics market has grown by leaps and bounds in the last few years due to the growing use of robotic solutions in a number of industries.
Albany, NY -- (SBWIRE) -- 10/27/2017 -- Commercial robots are not new in the technology market. But the advancements in the industry have made commercial robots a part of many applications. For commercial robots, the future shows investments by many market giants. This also means that many companies will also soon enter the global commercial robotics market and test their luck. Recently, Market Research Hub has added a new report to its repository titled "Commercial Robotics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022". The details the future as well as the history of global market for commercial robotics. MRH's comprehensive research report has segmented the market and stated complete analysis of each and every segment, profiles of key players in the market and forecast for the growth of global market for commercial robotics during the projected period of 2017 to 2022. The research says that global market for commercial robotics is expected to touch a value of around US$6 bn at the end of 2017. The value may increase to over US$ 17.5 bn by the end of forecast period. The market will show a strong CAGR of over 24%.
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Dynamics of Global Market for Commercial Robotics
The global market for commercial robotics is surging as the people are getting their hands on robotic technologies or devices. The shift from conventional technology has marked the beginning of automation which has ultimately resulted in people's inclination towards robotics. The report also provides descriptive information of the restraints that may limit the growth of global market for commercial robotics, trends will be following the industry in the coming years and also the opportunities that business can grab to mark their presence in the market.
Segmentation of Global Market for Commercial Robotics
The global market for commercial robotics is divided into various segments to give a more systematic overview of the market to the readers and understand the competitive scenario. This will also help the readers to understand the potential of each and every segment in the market. The segmentation includes on the basis of type, application, environment and geographical which gives the report a holistic view.
The description for geographical segments in the report of global market for commercial robotics states that North America is the most dominant region in the market with product segment as the highest contributor. The segment of product types in the global market for commercial robotics includes drones, guided robotics, field robotics etc. The end use division includes marine, defense, forestry and agriculture, security and rescue, medical etc.
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Key Players of Global Market for Commercial Drones
The report on global market for commercial robotics consist of various details of the competitive dynamics. It provides descriptive profiles of the key players in the global market for commercial robotics like the strategies of these companies, and their geographical existence. Some of the key players of global market for commercial robotics are Amazon Robotics LLC, Northrop Grumman Corporation, Alphabet Inc., KUKA AG, Accuray Inc., iRobot Corporation, 3D Robotics Inc., Yaskawa Electric Corporation, Omron Adept Technologies Inc. and Honda Motor Company Ltd.
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