Robotics

Robotics

Robotics

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Global Educational Robots Market - Forecasts from 2018 to 2023

Global educational robots market is estimated to reach a market size of US$640.594 million by 2023 at a CAGR of 27.87% over the forecast period from the current estimate of US$146.513 million in 2017. Educational robots include the collection of activities, educational resources, pedagogical philosophy and physical platform..

Service Robot Market - Forecasts from 2018 to 2023

The service robot market was valued at US$11.304 billion in 2017 and is projected to expand at a CAGR of 22.77% over the forecast period to reach US$38.708 billion by 2023. There has been a growing demand for the service robots in healthcare and education industry which drives its market growth. The declining pric..

Entertainment Robot Market - Forecasts from 2018 to 2023

Entertainment robot market is projected to witness a CAGR of 17.26% during the forecast period to reach a total market size of US$18.200 billion by 2023, increasing from US$7.002 billion in 2017. The development of entertainment robot with AI is the major factor driving the growth of entertainment robot market. Moreover, hi..

Social Robot Market - Forecasts from 2018 to 2023

The social robot market was valued at US$288.23 million in 2017 and is projected to expand at a CAGR of 13.75% over the forecast period to reach US$699.18 million by 2023. As the baby boomer population is reaching Medicare age, social robot market is expected to grow. The industry is chronically short of personnel to se..

Humanoid Robot Market - Forecasts from 2018 to 2023

Humanoid robot market is projected to witness a CAGR of 46.05% during the forecast period to reach a total market size of US$4.143 billion by 2023, increasing from US$0.624 billion in 2018. The expending applications of humanoids are the major factor driving this market growth. For instance, there is growing demand for huma..

Consumer and Business Robot Market - Forecasts from 2018 to 2023

Consumer and business robot market is projected to witness the growth at a CAGR of XX.XX% during the forecast period to reach a total market size of US$XX.XX billion by 2022, increasing from US$XX.XX billion in 2017. Continuous product launch and high speed innovation is the major factor driving this market growth. The grow..

Business Robots Market - Forecasts from 2018 to 2023

Business robots market is expected to witness robust growth over the forecast period on account of growing focus toward industry automation as well as high speed innovation. The diversity in labour market owing to changing demographics further contributes to the adoption of robots in businesses. For instance, the rapidl..

Global Consumer Robot Market - Forecasts from 2018 to 2023

The global consumer robot market was valued at US$5.438 billion in 2017 and is projected to expand at a CAGR of 22.35% over the forecast period to reach US$14.911 billion by 2023. The declining price of personal robot owing to rapidly growing competition in market drives the adoption of consumer robot while augmenting its m..

Mobile Robots Market - Forecasts from 2018 to 2023

Mobile Robots Market is projected to witness a compound annual growth rate of 14.35% to reach a total market size of US$16.943 billion by 2022, from US$8.665 billion in 2017. Mobile robots refer to non-stationary robots that operate without human intervention. The major growth driving factor for this market is the incr..

Industrial Robotics Market - Forecasts from 2018 to 2023

Industrial Robotics market is estimated to grow at a CAGR of 7.12% to reach US$57.024 billion by 2022, increasing from US$40.438 billion in 2017. Growing adoption of automation solutions across end-use industries due to rising labor costs and stringent regulations regarding workers’ safety is driving the industrial robotics..