Albany, NY -- (SBWIRE) -- 05/15/2018 -- As per estimates of a report by research analysts, the global robotics market will attract a revenue worth US$147.26 bn by 2025 end rising at a healthy 17.4% CAGR over the forecast period from 2017 to 2025. The market was evaluated at US$35.23 bn in 2016. In terms of volume, the market is expected to reach an amount of 2,731.2 thousand units by 2025.

Global Robotics Market: Overview

Robotics is a branch of science and engineering that deals with designing, developing, construction and operation of a robot. Robotics includes mechanical, electrical and computer science engineering in order to control the operations of a robot. Robotics science is widely classified as industrial robots and service robots. The service robots is further broken down as personal robots, professional robots and domestic robots.

The implementation of robotic technology in almost every industries across the globe has led them to grow at huge pace. In the recent years, it has been noticed that, robots are also being implemented in the medical science and healthcare solutions. Due to their enhanced accuracy and efficiency in handling various operations in medical sector, the healthcare solution companies as well as hospitals are adopting these robotic technologies heavily, in order to serve the patients in highly efficient manner. The demand for robotic surgery is significantly growing in the developed countries and is gaining the pace in the developing countries. Other application of robots in medical sectors includes rehabilitation, disinfection, pharmacy automation, telepresence and medical logistics among others.

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The emerging demand for workspace efficiency is resulting into the need for industrial robots globally. These robots are capable of moving inside the warehouse and factories without modifying layout. In addition these robots can autonomously re-plan their routes to avoid obstacles inside the factories. These factors are boosting the demand for such robots during the forecast period.

Global Robotics Market: Market Segmentation

The report on robotics market is segment on basis of various parameters such as types, application, components, and geography. The different types of robotics deployed in various industries includes mobile robotics, exoskeleton, and static robotics. Globally, the static robotics dominated the robotics market in 2016 and is estimated to retain its dominance in terms of revenue and volume during the forecast period. The demand for mobile robotics is significantly increasing across the globe and due to this, the segment is anticipated to be the fastest expanding segment over the period from 2017 to 2025, both in terms of revenue and volume consumed. The market for robotics is segmented on basis of application as logistics, personal, last mile mobility, military, agriculture, construction/mining, medical, entertainment, research and others. The others segment includes automotive, aerospace, food processing among others. Among the application, the military segment dominated the market for robotics in 2016, due to wide variety of application in defense forces across the globe. The logistics segment is estimated to be the fastest growing segment during the forecast period from 2017 to 2025. The growth of robotics in logistics is attributed to the fact that, the global logistics sector growing rapidly and the need to deliver the products in a faster and efficient way, the sector is adopting robotics technology heavily. The components segment in the global robotics market includes sensors, control units, actuators, brake systems, vision systems and others. Based on geography, the market for robotics is categorized as North America, Europe, Asia Pacific, Middle East and Africa and Latin America. The significant contribution of China in terms of revenue and volume in the robotics market, led Asia Pacific to have the upper hand in 2016. North America is anticipated to expand at a faster rate during the forecast period from 2017 to 2025.

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Global Robotics Market: Competitive Analysis

On basis of strategic regions across the globe, the major manufacturers of robots are considered in this research. The major manufacturers includes iRobot Corporation, Barrette Technology LLC, Swisslog, John Deere, Fanuc Corporation, Honda Motor Co. Ltd., Boeing, Seegrid Corporation, Google Inc., Lowe's, Fanuc Corporation, Northrop Grumman Corporation, Amazon, , Clearpath Robotics Inc., Kuka AG, Bossa Nova Robotics, Savioke, Fetch Robotics, Aetheon Inc., Locus Robotics and Omron Adept Technologies among others.

The segments covered in the global robotics market are as follows:

Global Robotics Market, 2017-2025: By Type

Mobile Robotics
Exoskeleton
Static Robotics

Global Robotics Market, 2017 - 2025: By Application

Logistics
Personal
Last Mile Mobility
Military
Agriculture
Construction/Mining
Medical
Entertainment
Research
Others

Global Robotics Market, 2017 - 2025: By Component

Sensors
Control Units
Actuators
Brake Systems
Vision Systems
Others

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Global Robotics Market, 2017 - 2025: By Geography

North America
U.S.
Canada
Mexico
Europe
U.K
Germany
Italy
France
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia Pacific
Middle East and Africa
South Africa
U.A.E.
Saudi Arabia
Rest of Middle East and Africa
Latin America
Brazil
Rest of Latin America