Rise of the Robots: How Robotics Are Rising to New Challenges, Trends and Technology

Robotics technology is the intersection of science, technology, and engineering for producing machines known as robots, which are widely utilized to replicate human actions. The major objective of the robotics technology is to improve the performance of the organization and thereby produce better outcome. Robotics technology finds its broad range of applications in several industries, which comprise healthcare, agriculture, domestic, manufacturing, and others.

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The major drivers boosting the growth of robotics technology market are the rise in requirement of automation and safety in the organization and availability of energy efficient, affordable robots. Moreover, rise in adoption of robotics technology in emerging countries and increased usage in adverse applications is expected to boost the market growth in coming years. However, high initial cost of the robots hinder the growth of the robotics technology market.

The global robotics technology market is segmented on the basis of component, type of robots, and application. Based on component, the robotics technology market is segmented as hardware, software, and service. On the basis of type of robots, the market is segmented as industrial robots, cobots, professional service robots, and others. Further, based on application, the market is segment as manufacturing, healthcare, aerospace and defense, media and entertainment, logistics, and others.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies.

Ø  ABB Ltd

Ø  Denso Corporation

Ø  Fanuc Corporation

Ø  Kawasaki Robotics (Kawasaki Heavy Industries, Ltd.)

Ø  KUKA AG

Ø  Mitsubishi Electric Corporation

Ø  OMRON Corporation

Ø  Seiko Epson Corporation

Ø  Stubli International AG

Ø  Yaskawa Electric Corporation

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