Boston, MA -- (SBWIRE) -- 09/28/2015 -- Robotics deals with the design and development of robots for a variety of purposes. A robot is a machine designed to perform one or more complex tasks with high speed, precision, and accuracy. Since robots tend to reduce the manual labor through complete automation and reduce the possibility of human errors, they are now increasingly adopted worldwide

Industries worldwide are demanding better precision and efficiency in order to meet the growing end-user demand. This has led to high demand for machines that are capable of increasing industrial efficiency by handling multiple tasks while remaining uncompromising on overall accuracy.

Technavio's analysts forecast the global robotics market to grow at a CAGR of 29.11% over the period 2014-2019.

Covered in this report
This report covers the present scenario and growth prospects of the global robotics market for the period 2015-2019. Based on types, the global robotics market can be classified into industrial robots and service robots. To calculate the market size, the report considers the number of robots shipped globally.

Get More Details on this Report and a Full Table of Contents at Global Robotics Market 2015-2019

Based on type, we have segmented the global robotics market into following.

-Industrial robots
-Service robots

Technavio's report, Global Robotics Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, Americas, and EMEA; it also covers the landscape of the global robotics market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key regions

-Americas
-APAC
-EMEA

Key vendors

-ABB
-FANUC
-KUKA
-Yaskawa Electric

Other prominent vendors

-Adept Technology
-Epson Robotics
-Honda
-Intuitive Surgical
-iRobot
-Kawasaki Heavy Industries

Key market driver

-Increased demand from non-automotive applications
-For a full, detailed list, view our report

Key market challenge

-Reluctance to migrate to latest technologies
-For a full, detailed list, view our report

Key market trend

-Increased adoption of Chinese robots
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2019 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

Companies Mentioned in this Report: ABB, Fanuc, KUKA, Yaskawa Electric, Adept, Honda, Intuitive Surgical, iRobot, Kawasaki, Epson Robotics.

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Manufacturing research reports at Fast Market Research

You may also be interested in these related reports:

-Global Industrial Robotics Market in Electronic and Electrical Industry 2015-2019
-Industrial Logistics Robots: Market Shares, Strategies, and Forecasts, Worldwide, 2014 to 2020
-Global Machine Vision Market 2015-2019
-Global Smart Machines Market 2014-2018
-Global Mobile Robotics Market 2015-2019