Top Robotics Market

The top robotics market is projected to grow from USD 76.6 billion in 2020 to USD 176.8 billion by 2025; it is expected to grow at a CAGR of 18.2% from 2020 to 2025. Manufacturing industries are expected to face a workforce shortage within the next few years. Due to the anticipated shortage of skilled labor in manufacturing industries, increasing automation using industrial robots to counter the skill gap is one of the solutions adopted by companies. Service robots are increasingly being adopted for new applications due to various advantages such as increased productivity, streamlined processes, and greater workplace safety. The main advantage of using service robots is the reduction in the cost of operation and high ROI.

Although the top robotics market is growing at a steady pace, it is moderately competitive owing to the presence of several key global players, as well as several new players playing a key role in the growth of the market. For traditional industrial robots, the market is already established with key players like

Major Top Robotics companies include: 

• ABB (Switzerland)
• Huawei (China)
• FANUC (Japan)
• iRobot (US)
• Google (US)
• KUKA (Germany)

ABB (Switzerland) announced a partnership with Huawei (China) for the co-development of artificial intelligence (AI). ABB showcased its robots using vision and AI deep learning (based on a Huawei AI Accelerator Module) to perform waste separation. In December 2019, FANUC (Japan) launched two new collaborative robots at the iREX 2019: the CRX-10iA and the CRX-10iA/L. The new CRX Series robots are significantly lighter than the CR Series collaborative robots. They can be used for easy installation on a broad range of applications, such as driverless transport systems or AGVs. The robots also offer a new, intuitive programming interface suitable for users with little programming experience. In October 2018, iRobot (US) and Google (US) collaborated to integrate robotic and smart home technologies that will enhance or upgrade the next-generation smart homes. With the integration of Google Assistant, the robots will become voice-controlled.

To know about the assumptions considered for the study download the pdf brochure

FANUC (Japan) operates its business through four divisions—FA (Factory Automation), ROBOT, ROBOMACHINE, and Service. Industrial robots are offered under the ROBOT division. The robots offered by the company contribute to automation in the automotive, electrical & electronics, food & beverages, and pharmaceuticals industries, among others. Some of FANUC’s traditional industrial robots can handle a payload as high as 2,300 kg. With more than 100 different industrial robots, the company caters to all applications. Although the company is known for its traditional industrial robots, it also offers various collaborative robots. FANUC provides collaborative robots that can handle a payload of up to 35 kg, which is higher than the average payload of most collaborative robots. These collaborative robots also feature a rubberized surface to reduce the effect of any collision and have a distinctive neon green color to differentiate them from the company’s traditional robots. In 2015, FANUC launched its first collaborative robot, the CR-35iA, with a payload capacity of 35 kg and a reach of 1813 mm. Subsequently, the company launched smaller collaborative robots with a lower payload capacity. In 2019, FANUC showcased two new collaborative robots with a completely new design under the CRX Series line-up.

FANUC operates in Asia, the Americas, Europe, and other regions. It carries out sales and support services through an integrated network of central technical centers and branch offices as well as overseas group companies worldwide; the company has a presence in 108 countries and 264 service locations. Some of its major subsidiaries are FANUC America Corporation (US), FANUC Europe Corporation (Luxembourg), BEIJING-FANUC Mechatronics (China), SHANGHAI-FANUC Robotics (China), FANUC INDIA, TAIWAN FANUC, and KOREA FANUC CORPORATION.

iRobot (US) was founded by the roboticists at the Massachusetts Institute of Technology with the vision of making practical robots a reality. iRobot manufactures service robots and has sold more than 25 million robots worldwide till October 2019. The company operates as one operating segment, and the key products offered include Roomba Vacuum, Braava Mops, Terra Mows, and Root Educates. Roomba Vacuum is a vacuum cleaning robot. It is powered by automatic dirt disposal bags, which can hold 60 days of dirt. Roomba Vacuum is available in various variations, with prices ranging from USD 250 to USD 1,100. Braava Mops is a robot designed to mop and sweep the floor. It uses electrostatic force to sweep and wicking fibers to mop. The robot can be controlled from anywhere through a smartphone. Braava Mops are available in the range of USD 200 to USD 500. Root Educates helps in learning coding fundamentals. It is available for USD 200. Terra Mows is an upcoming robot mower. The use of Imprint technology in this robot will help it to intelligently avoid obstacles. The company conducts a program called Science, Technology, Engineering and Math (STEM) education in the US to inculcate interest in robotics among children. As of December 31, 2018, the company holds around 460 US patents and more than 800 foreign patents.

iRobot’s products are sold through distributors, retail sales channels, and online stores. It has offices in Hong Kong, India, China, the US, and the UK. Some subsidiaries of iRobot are iRobot Holdings LLC (US), Puresight Systems Pvt Ltd. (India), and Guangzhou iRobot Technology Consulting Company Limited (China). Amazon, Kohl’s, Bloomingdale’s, and Lowe’s are a few key retailers and resellers of iRobot Corporation in the US. Amazon.ca, Walmart, Maison Lipari, and Super Vacs Inc are the key retailers and resellers of iRobot in Canada. The company has presence in the Americas, EMEA, and the APAC region, with offices in Pasadena, California, London, Shanghai, Guangzhou, Hong Kong, and Tokyo.

Related Reports:

Top Robotics Market with COVID-19 Impact Analysis by Top Industrial Robotics (Articulated, SCARA, Cartesian, Parallel, Collaborative), Top Service Robotics (Logistics, Domestic, Medical, Defense, Rescue, and Security) - Global Forecast to 2025

See Also :

Robotic Welding Companies