The global robotics market is projected to reach $86.3 billion by 2027, at a CAGR of 9.3% during 2021-2027. The growth of robotics market is driven by growing adoption of autonomous robots for professional services, increasing investments for industrial automation, and technological advancement in the field of robotics.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the robotics market by end use (industrial and service), component (hardware and software), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the robotics market?
Q.4 What are some changing demands of customers in the robotics market?
Q.5 What are the new developments in the robotics market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this robotics area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this robotics market?

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Market Segmentation:
Based on end use, the robotics market is segmented into industrial and service. The industrial segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to growing demand for collaborative robots across industries and shortage of skilled man force in manufacturing industries.
Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to increasing labour cost, low productio cost, and easy availability of economical labour in the region.
Key Players in the robotics market are Fanuc Corporation, Kuka AG, Yaskawa Electric Corporation, ABB, Denso.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
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