Global Commercial Robotics Market to Grow Due to Increase in the Usage of Robotic SolutionsGlobal Commercial Robotics Market to Grow Due to Increase in the Usage of Robotic Solutions

The global commercial robotics market is prognosticated to witness a significant growth in the coming years. The market has been flourishing exceptionally since past few years because of increase in the usage of robotic solutions to perform several tasks in various industries. According to a recent report by Transparency Market Research, the global commercial robotics market is growing notably with an evidently strong CAGR of 24.4% during its forecast period from 2017 to 2022. The market in year 2017 was evaluated to be worth US$ 5.9 bn. This market value is estimated to reach worth US$ 17.6 bn by the end of forecast period.

What are the driving factors influencing the growth of commercial robotics market?

Relentless development of the healthcare sector has been very crucial for the global commercial robotics market over the most recent couple of years. The healthcare robotics part has created at a quick rate in the current past because of developing affirmation of its advantages in the human services division, which has prompted developing venture from driving restorative industry players. The global commercial robotics market has developed significantly over the most recent couple of years because of the developing utilization of mechanical arrangements in various enterprises. Automated gadgets offer critical advantages over regular methods in various ventures, which is probably going to empower smooth development of the global commercial robotics market in the coming years. The global commercial robotics market is along these lines set to thrive from the fast development of the mechanical segment in various nations, including creating areas.


As per the product type, which is the dominant segment for of commercial robotics market?

Based on the product type, the global commercial robotics market is fragmented into autonomous guided robots, medical robots, field robots, drones, and others. The medical robots are probably going to remain the dominant segment in terms of demand for the commercial robotics in the global market in the near future. The medical robots fragment of the global commercial robotics market was anticipated to be worth US$1,925.2 mn in year 2017. This estimated value is likely to reach around US$3,916.6 mn by the end of 2022, with approximately 41.3% of the global commercial robotics market. This segment records the annual growth of US$398.3 mn. The outright development of the medicinal robotics field speaks to a yearly development of, more than all other segments of the worldwide commercial robotics market. However, drones and autonomous guided robots are likewise liable to witness noteworthy request in the commercial robotics market in the coming years.

What makes North America a leading region in the global commercial robotics market?

According to the geographical regions, the global commercial robotics market is segmented into North America, Asia Pacific, Europe, Japan, and Middle East and Africa. The market is however, anticipated to be dominated by North America region in coming years. In this region the market was anticipated to grow around worth US$ 2.6 bn in 2017. This evaluation figure is likely to reach around US$ 7.6 bn with a strong CAGR of 24.1% within the forecast period. Owing to a significant role and position in the market, the North America has been able to secure its position in the global market. The Europe commercial robotics market is likewise liable to assume a noteworthy part in the global commercial robotics market. The region is probably going to make a flat out market value worth around US$ 3.0 bn over the estimated period, making it a noteworthy segment for players hoping to build up a firm establishment in the global commercial robotics market. Japan is additionally prone to be a noteworthy player in the global commercial robotics market in the coming years, with the territorial market set to ascend to US$899.8 mn by 2022 at a 21.7% CAGR in the predicted time period.

KUKA AG, iRobot Corporation, Honda Motor Company Ltd., Omron Adept Technologies Inc., Accuray Inc., Alphabet Inc., and Amazon Robotics LLC, Yaskawa Electric Corporation, and 3D Robotics Inc. are some of the giants in the commercial robotics industry which are constantly working to come up with more user friendly products to sustain their position in the market.

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