Robotics

[New] The International Federation of Robots anticipates interest for robots and cobots to develop by ten percent in 2020.
[New] Surgical Robots Market is expected to reach a value of ~ US$ 13.1 Bn by 2027, manufacturers are collaborating with technologists to improve the efficacy of robots that contribute toward better patient outcomes.
[New] The global Agricultural Milking Robots market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of in the forecast period of 2020 to 2025 and will expected to reach USD by 2025, from USD in in 2019.
The robotics industry market is expected to register a CAGR of 13.5% during the forecast period (2020-2025).
A recent report from the International Federation of Robotics noted that there will be an operational stock of almost 4 million industrial robots in factories globally by 2022 and predicted high demand for robotics skills as part of the post-pandemic recovery process.
Overall, robotics is expected to rise from a $15 B industry sector now to $67 B by 2025.
The market for humanoid robots will be valued at $3.9 Billion in 2023, growing at a staggering 52.1% compound annual growth rate between 2017 and 2023.
The global market for agricultural robotics will experience a compound annual growth rate of 34.5%, growing from $4.6 billion in 2020 to $20.3 billion by 20205.
Parallel Robots Market is expected to grow with a steady CAGR in the forecast period of 2019-2026.
The global aerospace robotics market is expected to reach $5,687 million by 2022, growing at a CAGR of 17.2% from 2016 to 2022.
We predict that the number of units of professional service robots sold in 2020 will surpass industrial robot arms for the first time ever, growing by 30% over 2019 compared to industrial robots growing by only 10%.
Asia-Pacific is expected to have the highest CAGR value for safety, security, and rescue robotics market in the forecast period, 2020-2025.
The global humanoid robot market is estimated to grow at a CAGR of 36.4% during the forecast period from 2019 to 2026.
Up to 20% of significant health industry organizations in China intend to adopt intelligent nursing technology, and 17% will adopt medical robots in the next three years.
The high cost of surgical robots has been a barrier, but the global market for surgical robots is experiencing a compound annual growth rate of 10.4%, from $3.9 billion in 2018 to $6.5 billion by 2023.
The global market for smart robots will surpass $16 billion by 2025, and the market for AI in healthcare alone will exceed $6 billion by next year.
Technological advancements and increasing applications in medical devices sectors would provide growth opportunities to the robotics prosthetics industry during the forecast period 2020-2029.
The logistics robot market is expected to grow with an 18% compound annual growth rate, which equates to roughly 485,000 logistics robots expected to be sold in total from 2019 to 2021.
The Plastic and Chemical Robotics Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2020-2025).
The worldwide market for Surgical Robots is expected to grow at a CAGR of roughly 20.1% over the next five years, will reach USD 2980 million in 2024, from USD 1190 million in 2019.
The global commercial robotics market was valued at USD 6.4 billion in 2017, and is expected to reach a value of USD 28.1 billion by 2023, at a CAGR of 22.14%, during the forecast period (2018-2023).
The International Federation of Robotics has predicted an annual growth rate of 17% for manufacturing robots worldwide and for service robots to reach a combined market size of $45.7 billion by year's end.

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Last updated: 27 September 2020