ICT Industry Reports

Increase in the demand for automated systems and safety concerns for different online platforms to boost the global robotics market through 2026. According to TechSci Research report,  “ Global  Robotics Market  By Component (Hardware and Software), By Type (Articulated, Cartesian, SCARA, Cylindrical and Others), By End User (Healthcare, Media & Entertainment, Aerospace & Defense, Logistics, Automotive and Others), By Region, Competition, Forecast & Opportunities, 2016-2026 ’’ ,  the Global Robotics Market is projected to cross USD68.246 billion by 2026 at a CAGR of 4.91%, on account of the  growing demand for robotic systems in defense for unmanned missions and the developing research activities linked with new robotic product launches. Moreover, the growth in the usage of robotic procedures in the healthcare sector for assisting with surgeries, public relationships, personnel care, etc. will positively influence the Global Robotics Market ...

According to TechSci Research,  Global Robotics Market   stood at USD49.94 billion in 2020 and is forecast to grow at a CAGR of over 4.91% by 2026  due to rising necessity for remote communications in various sectors. This can help different organizations in reducing travel expenses, providing faster services and uplifting collaborations which is  expected to positively influence the Global Robotics Market in the forecast years . Global Robotics Market can be bifurcated into component, type, end user and region. Based on component, the market can be segmented as software and hardware, where software segment is having a market share of 50.77% due to rise in automation and simulation systems.  In terms of type, the market is segmented into articulated, cartesian, SCARA, cylindrical and others (spherical, delta, parallel, etc.) type of robots where the market share of articulated robots is 55.56% due to the ease of operating. The robotics market on the basis of end...