ALL >> General >> View Article
Robotics Market Grows: $22.26b Surge
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
Add Comment
General Articles
1. Blockchain And Ai: Innovative Ways They Can Work Together ShapeAuthor: QSS Technosoft
2. Join The Vidyavision Student Community
Author: vidyavision
3. Hair Growth 101: Scandinavian Biolabs’ Guide To Healthier, Fuller Hair
Author: Jonson Jon
4. The Ultimate Guide To Ordering Flowers In Barcelona
Author: order flowers Barcelona
5. Máy Hút ẩm Công Nghiệp Kosmen
Author: BPS Việt Nam
6. How Beneficial The Cleaning Products Can Be?
Author: Edward Smith
7. The Role Of Glass Cloth Electrical Tape In Power Transformers
Author: jarod
8. Combatting Carotid Artery Stenosis: Effective Strategies For Prevention And Care
Author: Dr. Sumit Kapadia
9. How Managed It Services Are Shaping The Future Of Support
Author: ICSI
10. Leading System Aluminium Doors & Windows Manufacturer In Amritsar
Author: Sleek Edge
11. Exploring The Opportunities At Anantrao Pawar College Of Engineering
Author: AnantraoPawarCollege
12. Home Remodeling Contractors Around South Lyon
Author: manish
13. Blockdag Crypto Mining Rigs
Author: BlockDAG
14. Discover The Power Of Branding Courses: Boost Your Skills And Advance Your Career
Author: Andrew F.
15. Panorama Test: A Complete Guide To Non-invasive Prenatal Screening
Author: Stan Jan