Global Commercial Robots Market Size To Worth USD 99.23 Billion By 2033 | CAGR of 19.71%
Category: Electronics, ICT & MediaGlobal Commercial Robots Market Size To Worth USD 99.23 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Commercial Robots Market Size is to Grow from USD 16.42 Billion in 2023 to USD 99.23 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 19.71% during the projected period.
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Browse key industry insights spread across 230 pages with 95 Market data tables and figures & charts from the report on the "Global Commercial Robots Market Size, Share, and COVID-19 Impact Analysis, By Type (Field Robots, Medical Robots, Autonomous Guided Robotics, Drones, and Others), By Application (Medical & Healthcare, Defense & Security, Agriculture & Forestry, Marine, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/commercial-robots-market
Commercial robots are machines that are utilized by businesses to mimic, support, or replace human behaviour. Consumer or personal robots that may perform household chores such automatic floor cleaning are not the same as commercial robots. Drones are one type of robot that can be used for both personal and professional purposes. Commercial robots are electronic machines that are utilized by numerous companies for a variety of purposes, including as helping, replicating, and replacing human labour. These are primarily used to carry out monotonous tasks that pose a risk to human health. The requirement for higher productivity to sustain GDP growth is also expected to accelerate the growth of the commercial robots industry. Most of the time, robots enhance human potential by assisting individuals in their tasks, boosting general production, and stimulating the economy. However, the global commercial robots industry's growth is being restricted during the projection period by high initial cost. The integration process, programming, purchasing, and other accessories are expensive, which restricts its potential for expansion.
The autonomous guided robotics segment dominates the market with the highest market share of the commercial robots market during the projected timeframe.
Based on the type, the commercial robots market is divided into field robots, medical robots, autonomous guided robotics, drones, and others. Among these, the autonomous guided robotics segment dominates the market with the highest market share of the commercial robots market during the projected timeframe. Automatic Guided Vehicles (AGV) is widely used in automated logistics systems because of their efficiency and versatility. Market growth is being driven by ongoing process automation in different business areas and verticals. It is also expected that growing application areas for autonomous robots, increasing recognition of the advantages of autonomous robots in emerging economies, and technology advancements would be given to all contribute to the market expansion.
The medical & healthcare segment is expected to hold the largest share of the commercial robots market during the projected timeframe.
Based on the application, the commercial robots market is divided into medical & healthcare, defense & security, agriculture & forestry, marine, and others. Among these, the medical & healthcare segment is expected to hold the largest share of the commercial robots market during the projected timeframe. Medical equipment, including endoscopy and diagnostic imaging, is changing as a result of commercial robots and artificial intelligence. As its applications grow, higher patient outcomes and accuracy are anticipated.
North America is expected to hold the largest share of the commercial robots market over the forecast period.
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North America is expected to hold the largest share of the commercial robots market over the forecast period. This dominance is primarily due to a surge in the amount of money invested in the region's defense industry and the increased usage of advanced weaponry and robots in the military and defense. There are also a number of important market participants, the growing use of surveillance security robots in the business sector, and various technological advancements.
Asia Pacific is predicted to grow at the fastest pace in the commercial robots market during the projected timeframe. The growing popularity of online shopping is expected to encourage the use of these robots in the e-commerce industry. On the other hand, a predicted labor shortage will increase their use in the manufacturing sector. Industrial and commercial robots are being used by e-commerce enterprises in their warehouses and distribution centers to improve the efficiency of their supply chains.
Major vendors in the commercial robots market are ABB, AeroVironment Inc., Accuray Inc., Fanuc, Yaskawa Electric, Omron Adept Technologies, SoftBank Robotics, Ecovacs, Alphabet Inc., Omron Adept Technologies Inc., Kuka AG, iRobot Corporation, 3D Robotics Inc., Honda Motor Company Limited, and others.
Recent Developments
- In April 2024, BlackBerry Limited, a cybersecurity software business, has teamed with Advanced Micro Devices, Inc., an information technology corporation, to achieve novel levels of reliable determinism, low latency, and jitter, transforming next-generation robotic systems.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the commercial robots market based on the below-mentioned segments:
Global Commercial Robots Market, By Type
- Field Robots
- Medical Robots
- Autonomous Guided Robotics
- Drones
- Others
Global Commercial Robots Market, By Application
- Medical & Healthcare
- Defense & Security
- Agriculture & Forestry
- Marine
- Others
Global Commercial Robots Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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