Increasing proliferation of IoT, artificial intelligence, and other such technologies has transformed the robotics industry and largely impacted the industrial sector over the recent times. The evolution of robotics has now enabled us to see robots being used for a plethora of applications from industrial manufacturing to the battlefield, possessing unprecedented capabilities.
BIS Research has an extensive expertise in robotics technology research, covering different areas such as industrial robots, service robots, exoskeletons, and humanoid. We offer insightful market intelligence reports to clients across the globe and help them navigate in the disruptive environment.
The global industrial automation software industry analysis conducted by BIS Research highlights that the market generated $35.39 billion in 2018 and is estimated to grow at a CAGR of 8.39% during the forecast period, 2018-2023.
The global remote drone identification industry growth based on the analysis conducted by BIS Research highlights that the market is expected to reach $1.25 Billion by 2029. The market is expected to witness a significant growth during the forecast period from 2021 to 2029.
The agriculture robots market encompasses a wide array of robot types such as milking robots, harvesting robots, picking, robots, weeding robots, autonomous robot tractors, seeding robots, and pruning robots. These robot types are utilized in different agriculture areas including precision crop farming, livestock monitoring and management, indoor farming, aquaculture, forestry, and orchards, among others.
By 2030, it is expected that approximately 14.2 million drones would be in the airspace. Moreover, assuming $200 are to be charged per connection, the market size is expected to reach around $2.83 billion.
According to BIS Research analysis, the global wearable robotic exoskeleton market generated $127.4 million in 2017 and is estimated to grow at a CAGR of 43.48% during 2018-2028. Asia-Pacific is expected to have the highest growth rate during the forecast period 2018-2028.
The autonomous ship market is expected to cumulatively generate a revenue of $3.48 billion by 2035, growing at a CAGR of 26.7% in terms of volume during the period 2024-2035. In terms of value, the global ocean surface robot market accounted for $505.7 million in the year 2017.
The global logistics and warehouse robot market generated $2,234.3 million in the year 2016. The growing e-commerce industry creates a need for higher productivity which in turn drives the global logistics and warehouse robot market. Moreover, it is expected to grow significantly at a CAGR of 45.2% during the period 2016-2021.
A drone camera can be defined as a camera specifically designed to be mounted on a drone for capturing photos/videos in a particular operation. Drones equipped with cameras are increasingly being adopted across commercial, military and homeland security end-users.
The UAS Traffic Management (UTM) system is an upcoming phenomenon that is envisioned for managing drones (mainly small drones) traffic in the lower level of airspace. The UAS traffic management system or UTM system is envisaged to be a system of several subsystems which will work together to provide an end-to-end service.
The global cognitive robotic process automation market is expected to reach $3,620.8 million by 2026. Owing to the growing demand for digital workforce in order to increase efficiency and reduce operating cost in business processes, the global cognitive robotic process automation market is expected to grow rapidly at the CAGR of 60.9% during 2017-2026.
The demand for indoor robots is rapidly gaining traction among different end-users across the globe. The market is driven by a number of factors such as increasing need of robots for security services, unprecedented rise in demand from domestic users, rise in demand of elderly care robots, and growing demand for productivity and quality.
The wearable robotic exoskeleton market is witnessing a high growth rate owing to machine intelligence surpassing human intelligence in defense industry, rise in demand of exoskeletons for rehabilitation application, and rapidly growing aged population.
The global nano drones market reported a revenue of $ 284.45 million in 2016. Military/law enforcement segment is expected to account for the highest revenue by forecast year of 2023. Consumer segment is likely to grow at a highest rate owing to its increasing use in the aerial photography and recreational activities.
The global multi-rotor drone market reported a revenue of $1,254.82 million in 2016 with aerial shooting segment accommodating for the highest revenue by 2022. Survey and mapping segment is likely to grow at a highest rate owing to its increasing use in the construction, Geographic Information System (GIS) and others.
Automated guided vehicles are increasingly used across new industries like electrical and electronics, aerospace and defense manufacturing, with their adoption being an evolving phenomenon. Therefore, the global automated guided vehicle market is estimated to reach $3,320.41 million in the forecast period.
The demand for collaborative industrial robots are gradually increasing across both the developed and developing economies. Based on its demand across different geographies, the global collaborative industrial robot market is segmented into North America, Europe, Asia-Pacific and the Rest Of the World (ROW) i.e., Latin America, Middle East and Africa.
According to BIS Research Analysis, the anti-drone market is estimated to be at $209.77 million in 2016. The high growth of anti-drone market in aerospace and defense industry is majorly attributed to increasing security breach by unidentified drones.
An increase in the demand for unmanned aerial vehicles is a major factor attributing to the overall growth of UAV propulsion market since over a decade. It is estimated that the propulsion systems market was $2702.25 million in 2015.
Telepresence robotics is an emerging technology which is expected to become a multi-million dollar industry over the forecasted period (2016-2022). The global demand for telepresence robots is expected to reach $136.90 Million by 2022. The key drivers for this market include high demand from enterprises, healthcare, education, hospitality, and consumer and personal use applications.
The major growth of automotive robotics market is primarily due to the widespread advancement of the automotive industry (including both vehicle and automotive component manufacturers). Automotive robots are primarily designed for assisting in the manufacturing of automobiles in the automotive industry. The major applications of the robots in automotive industry include painting, welding, assembling, cutting, and dispensing, among others.