The global hyperautomation market was evaluated at US$4.904 billion for the year 2020 which is projected to witness promising growth over the forecast period. Hyperautomation can be defined as the use of technologies like robotic process automation, artificial intelligence, and machine learning among others which when combined, can be used to automate tasks that were once done by humans. Hyperautomation consists of various automation technologies like robotic process automation (RPA), busines Read more...
The robotic process automation market was evaluated at US$2.039 billion for the year 2020 and is projected to witness a CAGR of 31.5% over the forecast period. Robotic Process Automation refers to the process of automating the tedious and repetitive tasks in an organization through the use of robots. According to UiPath, a global software company that develops platforms for Robotic Process Automation, RPA can be defined as “A technology that allows anyone today to configure computer softwa Read more...
The articulated robots market was evaluated at US$11.194 billion for the year 2019 growing at a CAGR of 17.10% reaching the market size of US$33.797 billion by the year 2026. The market of articulated robot market is estimated to grow in the forecast period. An increase in the transformation of industries towards automation has led to an increase in the demand for articulated robots. It has at least two rotary joints and is mostly used in different manufacturing procedures, such as handling comp Read more...
The robotic vehicle market was valued at US$8,191.389 million at 2018 and is projected to grow at an impressive rate during the forecast period. Robotic Vehicles are classified as remotely operated or autonomous. In general, these vehicles move by themselves with the help of sensors and computational resources onboard to guide their motion. However, such robotic vehicles are usually integrated with some form of human oversight or supervision of the motion. The demand for these vehicles is spu Read more...
The global nursing robots market is projected to grow at a CAGR of 21.69% to reach US$1,586.463 million by 2024, from US$488.484 million in 2018. Robotics in healthcare, with emphasis on nursing, is a lucrative market as it is attracting a lot of attention from researchers as well as investors. The nursing industry worldwide is facing some challeng Read more...
The medical robot market is projected to grow at a CAGR of 12.21% to reach US$4,984.210 million by 2026, from US$2,225.233 million in 2019. Medical robots make all medical operations simpler, secure, and efficient. These robots are being used to performed surgeries with high precision as the error rate is negligible. Hospitals make use of medical robots worldwide for tasks requiring precision and promptness. The success rate of the surgeries performed by robots is much higher as compare Read more...
The global wafer handling robots market is expected to grow at a compound annual growth rate of 7.12% over the analyzed period to reach a market size of US$728.462 million in 2026 from US$450.124 million in 2019. Wafer handling robots are used for wide operations in the manufacturing process of wafers and their applications in the semiconductor industry. Robot handling involves all sort of work including wafer slicing, carefully picking them up and placing at the desired location, with prec Read more...
The global logistics robots market is projected to grow at a CAGR of 23.89% over the forecast period to reach US$11,800.297 million in 2024 from US$3263.749 million in 2018. The growing e-commerce industry is one of the major drivers driving the demand for the use of logistics robots. The total number of service robots for professional use sold in Read more...
The cobots market is projected to grow at a CAGR of 55.70% during the forecast period, reaching a total market size of US$3,938.433 million in 2024. Cobots, or collaborative robots, are designed to aid human beings for specific tasks, which are highly complex in nature and require high precision. These robots work in a close association with humans. The robots can observe any unusual activity in their surroundings and can cooperate with humans without physical separation. Smaller, smarter, fl Read more...
The self-checkout systems market was valued at US$8.269 billion in 2018 and is anticipated to grow at a CAGR of 25.64% to reach a market size of US$32.529 billion in 2024. The ability of the self-service checkout systems to reduce cart abandonment, ensuring less waiting than traditional checkout lanes, and freeing store staff for other store-related work is leading to its growing popularity. The growing focus by the retailers to increase the customer’s satisfaction and the shopping experie Read more...
