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According to the latest report by IMARC Group,the global robotics market reached a value of US$ 23.6 Billion in 2020.Robotics is a sub-domain of science and mechanical engineering that produces programmable machines, called robots, to assist and replicate human actions. It deals with the construction, design, and operation of the robots through the use of various digital technologies, such as cognitive computing, sensors, control system, batteries, virtual reality (VR), artificial intelligence (AI), augmented reality (AR), and third-dimensional (3D) printing.
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Global Robotics Market Research Report and Forecast 2021-2026 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved
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Report Description and Highlights Report Description Global Robotics Market Outlook 2026: According to the latest report by IMARC Group, titled "Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global robotics market reached a value of US$ 23.6 Billion in 2020. Robotics is a sub-domain of science and mechanical engineering that produces programmable machines, called robots, to assist and replicate human actions. It deals with the construction, design, and operation of the robots through the use of various digital technologies, such as cognitive computing, sensors, control system, batteries, virtual reality (VR), artificial intelligence (AI), augmented reality (AR), and third-dimensional (3D) printing. They can also be equipped with tools that are equivalent to human senses, including vison, touch, mechanical limbs, and actuators. This enables the computer systems to control, send sensory feedback, and provide information processing codes, thereby implementing interaction with the physical world. Request for a free sample: https://www.imarcgroup.com/robotics-market/requestsample
Report Description and Highlights Report Description Global Robotics Market Trends: The global robotics market is majorly being driven by the increasing automation and safety across several industry verticals, along with growing investments by governments of various nations to promote mobility and decision-making in unstructured environments. In line with this, the rising awareness regarding its associated benefits, such as convenience, reduced human errors, increased output level, and enhanced quality, is acting as another growth-inducing factor. Additionally, the increasing instances of cybersecurity threats has further prompted various small- and medium-sized enterprises (SMEs) to incorporate robots with their internal data systems, which, in turn, is supporting the market growth. Other than this, manufacturers are performing extensive research and development (R&D) activities to introduce innovative product variants and advance robotics technology, such as programming capacity, sensors, connected devices, machine learning (ML), legged mobility, and water-resistance robots. These products are compatible with the existing infrastructure and are helping in monitoring various environmental parameters, including temperature, light, motion, and air pressure, which is further catalyzing the market growth. Moreover, robotics is extensively being used in the medical and pharmaceutical industries for performing surgeries, rehabilitation, medical transportation, prescription dispensing, and sanitation, which is creating a positive outlook for the market.
Report Description and Highlights Report Description Market Summary: Breakup by Product Type: • Industrial • Service Breakup by Region: • North America • Asia Pacific • Europe • Middle East and Africa • Latin America Looking forward, IMARC Group expects the market to grow at a CAGR of 20.6% during 2021-2026.
Report Description and Highlights Report Description Competitive Landscape With Key players: • ABB Group • KUKA AG • FANUC Corporation • Yaskawa Electric Corporation View Report TOC, Figures and Tables: https://www.imarcgroup.com/robotics-market
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