The Robotics is on an upward trend considering both the sectors which include the consumer and industrial sectors. The 5g wireless technology has paved way for growth and expansion of technology which will provide the bandwidth and communications essential to allow diversified industries to adapt the forthcoming trend of robotics evolution. The 5G and Robotics market is expanding and developing at rapid pace due to proliferation of the connected devices which include the smartphones, laptops, tablets and other devices on the global scenario.
Global market for 5G robotics is estimated to grow at a healthier CAGR during the forecasted period of 2016- 2023. Robotics technology and its applications are growing with a high projectile growth in all the industrial as well as consumer sectors. Moreover, fifth generation (5G) of wireless technology will offer the communications and bandwidth essential to allow industries to leverage the next phase of robotics evolution worldwide. Factors enhancing the growth of the 5G& Robotics market includes:
- Use of artificial intelligence
- Mobile cloud robotics
- Proliferation of connected devices
- Investment in 5g and robotics
- High data connectivity
All the enterprise users will capitalize upon new and improved robotics capabilities to permit new cases and enhanced work flow. Most of the business processes will adopt the robotics and its solution as it will increase the efficiency and reliability of the work. 5G does not only comprises of wireless networking, but numerous other verticals such as cloud robotics offering unlimited processing power and storage space. Robots having full mobility and access are still a challenge, as robots are mostly static or connected with wire-cables, limiting their flexibility. Hence collaborating with 5G will not only enable monitoring and control of those mobile robots, but also in expansion and provision of "cognition services" or “cognition-as-a-service”. Various sensors will soon collect data from the environment, which will be transported through 5G infrastructure to the cloud, where a diversity of methods and techniques will process the intelligence of the robot remotely and all of the processing is performed in just a fraction of a second. The number of smart terminals, machines, and devices with sensors and actuators is rising hastily. Moreover, all these devices are adapting frequently and soon they will connect and get remote access. 5G wireless communication system will allow the exploitation of remote monitoring and control capabilities via 5G radio infrastructure and enable machine intelligence, integrated deeply into the processes of industries, agriculture, public institutions, society, and daily life. These anticipated capabilities will determine cost, optimization, and the development of new business and new services opportunities. Market is having few restraints too hindering the market growth such as late adopters lowering the growth rate and security and privacy concerns are the restraints for the market. High cost associated with shifting the technology and robots with full mobility are some challenges market can face. In spite of restraints and challenges market have opportunities too such as 5G robotics in surgical robotics, rising demand from emerging market and growing application across various industries are opportunities for market.
Source: OBRC Analysis
The global 5G & Robotics market is segmented into service and application. Based on service the market is sub-segmented into:
- SAAS
- HAAS
- COGNITION AS-A-SERVICE
Based on application segment, market is segmented into:
- MANUFACTURING PROCESES AND LOGISTICS
- SMART FACTORIES
- PRIVATE SECURITY AND PUBLIC SAFETY
- TRANSPORTATION
- HEALTHCARE SERVICES
- AUTONOMOUS VEHICLES
- AGRICULTURE
- RETAIL SERVICES
- RETAIL SERVICES
The revenue scope for the above application segments are specific to market. However we have not included the total revenue of these application segments in general has been excluded scope of the report.
The revenue for the above industrial verticals are specific to the 5G and robotics. However, the total revenue of these application in general has been excluded from the scope of the report. Also, the total market revenue has been calculated by summing up Deployment type & services segment.
Geographically, the global 5G & market Robotics has been segmented on the basis of four major region, which include:
- North America (U.S. & Canada)
- Europe (UK, France, Germany, RoE)
- Asia Pacific (China, India, Japan, RoAPAC)
- Rest of World
The North America holds the largest revenue share of 40% in 2015 in global 5G and robotics market. The large share of North America is majorly driven by the increasing technological innovation in the 5G and robotics technology. Moreover, the presence of key players such as Amazon, Google, Intel and others who are investing a significant amount for the development of new technology in 5G and Robotics market. Moreover, the growing proliferation of connected devices is also increasing growth in the North American 5G and Robotics market. Asia Pacific is expected to be the fastest emerging region due to intensification in the data deluge and rising demand for the high data transfer due to increasing demand for the connected devices such as smartphones and others devices. Moreover, the growing technological development in the region is also boosting the growth in the global market.
The major market players of the global smart security market are:
- ABB LTD
- ASUS
- AMAZON ROBOTICS
- BLUEFIN ROBOTICS CORPORATION
- 3D ROBOTICS
- ERICSSON
- 7.8. GOOGLE
- INTEL
- Others
Detailed analysis of these companies provided in this report comprises Overview, SCOT Analysis, Product Portfolio, Strategic Initiative and Strategic Analysis.
These companies using various strategies such as merger & acquisition, collaboration, partnership and product launching. In 2015-2016 , Ericsson has entered in a strategic partnership with two biotechnology and biomedical firms, EI.En and Imaginalis to innovate and develop new technologies in biomedical and robotics.
Why to buy the report:
This report will provide you:
- Provide you the business strategies adopted by market player such as Ericsson In the year 2015-2016 adapted the strategy of partnership with EI.En and Imaginalis to Operate and grow in the market. Provide in detail the different segments such as service and application which are affecting the global 5G & Robotics market.
- Provide you the patent analysis of the 5G & Robotics market.
- Identify, understand, and the strength, opportunities, challenges and threat of the 5G & Robotic market.
- Provide revenues of major players of the market such as ABB LTD, INTEL Robotics systems.
- Provide you various the regulatory policies which are affecting the global 5G & Robotics market.
How we are different from others:
At Occam’s we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global 5G & Robotic market offers the longest chain of market segmentation covering major market segmentation based service and application. The report tracks the major market trends in the global 5G and robotics market such as development & innovations in IOT and artificial intelligence and so on. For each market segments covered in global 5G & Robotics report, we provide opportunity matrix, and DRO analysis, that enable the clear growth assessment across each market segment. The report discusses competitive landscape of the 5G and robotics industry, with giving extensive strategy analysis of more than 15 companies. Moreover, the report discusses various models such as 360 degree analysis, See Saw analysis, and Porter five force model and so on. For the high level analysis in the report we provide a comparative analysis of historic and current year data.
Key Findings of the global smart security market.
- The 5G and Robotics market is expanding and developing at rapid pace due to proliferation of the connected devices which include the smartphones, laptops, tablets and other devices on the global scenario.
- North America is anticipated to account the largest revenue share in 2016.
- Asia Pacific is expected to be the fastest emerging region.
- Increasing government support.
- Growing application across various industries is one of the opportunity for the market.
- Product Innovation & Partnership is the key strategy adopted by the various market players of 5G and robotics market.
- Amazon Robotics is the dominating players in the 5G and robotics market.