Robotics and automation systems are looked over as the fourth industrial evolution. High penetration rate of computers and internet would supplement the growth of robotics and automation systems. International Federation of Robotics (IFR) anticipates that more than 1.4million new industrial robots will be installed in factories across the world by 2019. Of these, more than 70% of the industrial robots will be deployed in sectors like automotive, electronics, metal & machinery. Collaborative robotics, robotics as a service and materials handling are some of the latest trends in technology within industrial robotics. Global robotics market has become a lucrative investment sector, since 2010. According to IFR between, 2014 & 2016 more than 155 start-ups have invested in robotics industry with a total funding of $3 billion. By 2018, it is estimated that the number of start-ups within robotics industry could well reach up to 500.
Niche robotics market reports from OBRC mainly revolve around new products, components, services and systems. Niche robotics market is valuated keeping consumer demand (volume based growth), investment, cost, and future investment possibilities. Market analysis is carried out by gathering data from primary and secondary resources. For secondary resource the data is gathered mainly from government websites & journals, online research publications, certified industrial association & scientific research societies. The estimated market value is rectified with industry experts and trade association members within the industry. OBRC reports also give strategic analysis and strategic recommendation for each niche robotics market. Strategic analysis gives an in depth analysis of the robotics market. Strategic analysis in our reports is showcased through models like investment versus adoption, 360 degree analysis, porter’s five force etc. Strategic recommendation gives an insight on the lucrative investment opportunity with respect to niche robotics market across regions, application/end users, and fastest growing segments.
Niche robotics markets from OBRC are analysed geographically at regional and country level. The regional level market analysis is showcased in terms of industrial application, revenue forecast, and top countries. Country level analysis is showcased in terms of leading products, players and market forecasting. North America and Europe dominates the market in terms of revenue and technology adoption according to OBRC study. High investment in research, presence of large pool of industries, and high disposable income population encourage robotics market growth in North America and Europe. Robotics market growth is anticipated to grow fastest amongst the developing and emerging economies in Asia Pacific and Africa in the long run. The growth is mainly supplemented by positive economic outlook, huge consumer base, expanding manufacturing capacity, and government investment programs.
Development in robotics industry has led many countries to consider legal, regulatory and ethical implications across sector. Some of the key areas in focus of manufacturers are data protection, intellectual property, consumer protection, and commercial contracting. With new technology and or processes within robotics domain, comes new regulations and directives from concerned government departments and competent authorities to regulate robotics market. At OBRC, our analysts often consult with regulatory experts within sector with respect to changing regulatory landscape of robotics industry. OBRC reports gives an insight on changing regulatory landscape and new policies or directives that can impact niche robotics market in the long run. OBRC reports also gives corporate portfolios of top fifteen companies within niche robotics market. For each company our corporate portfolios give an overview on strategic initiatives, research & innovations, SWOT analysis and product portfolios.
Recent reports on niche robotics market include global industrial robots market, global collaborative robots market, global robots as a service market, global smart robots market, global robotic process automation market and so on. Analysts at OBRC are constantly monitoring for developments in the area of robotics and research new niche robotics market. Some of the reports currently being research by analysts within niche robotics market are global rehabilitation robots market, global mobile robots market, global robotics sensor market, global internet of robotic things market and so on.