Precision Business Insights has published a report on the global robotics technology market, estimating its value at USD 91.14 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 12.1% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/robotics-technology-market
The robotics technology market includes the design, development, and deployment of robots and related systems that can complete tasks independently or semi-autonomously. This market includes industrial robots, service robots, collaborative robots (cobots), self-driving cars, and robotic components such as sensors, actuators, and control systems.
Drivers:
- Rising demand for automation in manufacturing and industrial processes to improve efficiency and reduce labor costs.
- Increasing use of robotics in logistics and warehousing, driven by e-commerce and demand for faster deliveries.
The global robotics technology market segmentation:
1) By Component: Hardware, Software, Service
2) By Robot Type: Traditional industrial robots, Professional service robots, Cobots, Others
3) By Application: Healthcare, Aerospace & Defense, Manufacturing, Logistics, Others
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Regional Overview:
The report also examines the current concerns and their Future Effects on the robotics technology market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the robotics technology market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like Mitsubishi Electric Corporation, ABB Ltd, Yaskawa Electric Corporation, OMRON Corporation, Kawasaki Robotics, Denso Corporation, FANUC Corporation, Staubli International AG, Seiko Epson Corporation.
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