DUBLIN--(BUSINESS WIRE)--The "Global Robotics Market - By Fuel Type , Industry, Countries, Trends, Forecast- 2017 - 2022" report has been added to Research and Markets' offering.
The Global Robotics market is expected to grow at a CAGR of 10.54% during the forecast period of 2017-2022.
Traditionally robotics was used in the automotive industry, and there has been adoption into sectors like electronics, retail, healthcare, logistics, agriculture, services, education and government. By recent advancements, conventional robots have been replaced by collaborative robots, which have optimized investments by companies. Previously conventional robots, which were pre-programmed to work autonomously, cost about USD 125,000 while their collaborative counterparts, which are designed to assist humans to perform a specific task, are in the range of USD 20,000-25,000. Artificial intelligence has been one of the major innovations in the field of robotics in the past decade.
The growth of robotics market is being driven by a rise in labor cost, shortage in skilled labor and growing emphasis on quality. Increasing investment in robot development is driving competition, thereby reducing prices of robotic equipment. When it comes to designing machines for this emerging industry, most entrepreneurs and investors are following a similar formula. One element is to build low-cost machines that tackle specific tasks, rather than attempt to create general-purpose machines, let alone fully humanoid robots that try to take on too much.
- Google(Boston Dynamics)
- Touch Bionics
- Northrop Grumman
- Rethink Robotics
- Liquid Robotics
- Prox Dynamics
Key Topics Covered:
2. Executive Summary
3. Market Overview
4. Market Dynamics
5. Market Segmentation
6. Vendor Market Share Analysis
7. Competitive Intelligence - Company Profiles
8. Investment Analysis
9. Future of Global Robotics Market
For more information about this report visit https://www.researchandmarkets.com/research/p7tmhd/global_robotics