123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> General >> View Article

Robotics Market Grows: $22.26b Surge

Profile Picture
By Author: Ben Gross
Total Articles: 433
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

The global robotics market is poised to expand by USD 22.26 billion from 2022 to 2027, reflecting a growth rate of 7.71% during this period. This expansion is driven by several key factors, notably stringent health and safety regulations that necessitate safety material handling equipment.

Industries like automotive and heavy oil chemicals require this due to harsh working conditions and exposure to toxic substances, posing risks to human workers. Adoption of robotics minimizes such risks, enhancing employee safety and preventing accidents and material damage. The market is fragmented, comprising both global and regional vendors like ABB Ltd., FANUC Corp., and Honeywell International Inc. Key trends encompass government initiatives in Europe to boost the robotics industry, such as Horizon 2020, encouraging SMEs to integrate industrial robots for better efficiency.

However, challenges like a shortage of skilled personnel hinder market growth, as users often lack the know-how to maintain and operate these systems. The market segmentation includes industrial and service applications across various sectors like manufacturing, ...
... healthcare, aerospace, and defense, predominantly led by the APAC region, which is estimated to contribute to 49% of global market growth. Technological advances and trends like automation to reduce costs and enhance safety indicate the market's evolution, despite these challenges. The report details market dynamics, key drivers, challenges, and trends influencing the industry. For a comprehensive analysis covering vendor landscape, geographical footprint, and a deep dive into vendors like ABB Ltd., Clearpath Robotics Inc., and Cyberdyne Inc., the full report is available for in-depth insights and market strategies.

More Information : https://www.techdogs.com/tech-news/pr-newswire/robotics-market-size-to-grow-by-usd-2226-billion-from-2022-to-2027-market-driven-by-stringent-health-and-safety-regulations-technavio

Total Views: 78Word Count: 255See All articles From Author

Add Comment

General Articles

1. Magento Developers Melbourne: Your Trusted Partner For Magento Web Development
Author: themerchantbuddy

2. How Can E-commerce App Development Help Your Business?
Author: Comfygen

3. The Best Baby Cot Mattress For Summer In Australia: Keep Your Baby Cool And Comfortable !
Author: Milari Organics

4. How Might An Amazon Fba Prep Service Center Help You Streamline Your Business?
Author: 3pshipping6

5. Reviving Artisanal Craftsmanship – Why Handmade Products Matter More Than Ever
Author: Chaitanya Kumari

6. What To Look For In A New York Labor And Employment Law Firm
Author: jewellansing792

7. 50 Years Of Long-lasting Performance
Author: Busch Vacuum Solutions

8. Optimize Healthcare Revenue Cycle: Strategies For Financial Success
Author: Albert brown

9. Offres Exclusives Pour Vos Voyages En Inde Du Nord — Économisez Jusqu’à 30% — Réservez Dès Maintenant!
Author: yatika

10. 200-hour Weekend Yoga Teacher Training Course (yttc) In Bengaluru: A Pathway To Mastery In Yoga
Author: Yogakulam Academy

11. Understanding Patient Behavior: The Importance Of Market Research In Healthcare Marketing
Author: Adomantra

12. Ensuring Safety And Privacy: The Advantages Of Close Protection Services In Dubai
Author: Shancy

13. Thermodynamic Steam Traps: A Compact Solution For Maximum Performance
Author: David John

14. Best Accounting Service In California – Mj Financials
Author: maria jeffery

15. Best Astrologer In Hosahalli
Author: Pandith Keshav Das

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: