Cloud Robotics Market Size to Grow by USD 10.11 Bn| 44% of the growth to originate from APAC| Technavio

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Apr 19, 2022, 03:40 ET

NEW YORK, April 19, 2022 /PRNewswire/ -- According to the research report, Cloud Robotics Market will witness a YOY growth of 21.19% in 2022 at a CAGR of 22.26% during the forecast period. The report is segmented by application (industrial and services industry), product (hardware, software, and services), and geography (APAC, Europe, North America, Middle East and Africa, and South America). One of the primary forces supporting the cloud robotics market's growth is the benefits offered by cloud robotics.

For more insights on YOY and CAGR, Read our Exclusive Sample Report.

Technavio has announced its latest market research report titled Cloud Robotics Market by Application, Product, and Geography - Forecast and Analysis 2022-2026

Vendor Insights

Cloud Robotics Market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market. 

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

ABB Ltd.
Amazon.com Inc.
Calvary Robotics
FANUC Corp.
HIT Robot Group
Innovation Matrix Inc.
International Business Machines Corp.
Irobot Corp.
Lincoln Electric Holdings Inc.
Microsoft Corp.
Ortelio Ltd.
Preferred Networks Inc.
Rapyuta Robotics Co. Ltd.
ReconRobotics Inc.
Rockwell Automation Inc.
Seegrid Corp.
Skymind Global Ltd.
SoftBank Robotics Group Corp.
Teradyne Inc.
Yaskawa Electric Corp.

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read Free Sample Report.

Geographical Market Analysis

APAC will account for 44 percent of market growth. The cloud robotics market in APAC is dominated by China, Japan, and South Korea. The market in this region will increase at a quicker rate than the market in other regions.

The increase in government initiatives to fund robotics technologies would aid the growth of the cloud robotics market in APAC.

Furthermore, countries such as the US, China, Japan, South Korea, and Germany are expected to emerge as prominent markets for Cloud Robotics Market during the forecast period.

Know more about this market's geographical distribution along with a detailed analysis of the top regions. Download our latest Sample Report!

Key Segment Analysis

The industrial segment's cloud robotics market share will expand significantly. Robots utilized by end-user markets such as automotive, metals, and machinery, among others, are included in the scope of the analysis. Material handling, assembly and disassembly, and other applications are common uses for these robots. Small and medium-sized businesses are driving the market for industrial robots (SMEs). Consequently, during the projected period, manufacturers in various industries are likely to increasingly employ smart manufacturing techniques such as robots, automation, artificial intelligence (AI), and cloud computing.

View the detailed Sample: to know additional highlights and key points on various market segments and their impact in coming years.

Key Market Drivers & Challenges:

One of the major factors driving the growth of the cloud robotics market is the benefits provided by cloud robotics. Another trend that is helping with market expansion is the expanding potential of telepresence robots. However, one of the challenges impeding the growth of the cloud robotics industry is a lack of technological competence.

Download a free sample for highlights on market Drivers & Challenges affecting the Cloud Robotics Market.

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Test and Measurement Equipment Market in APAC by Product, End-user, and Geography - Forecast and Analysis 2022-2026

Cloud Robotics Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 22.26%
Market growth 2022-2026	$ 10.11 billion
Market structure	Fragmented
YoY growth (%)	21.19
Regional analysis	APAC, Europe, North America, Middle East and Africa, and South America
Performing market contribution	APAC at 44%
Key consumer countries	US, China, Japan, South Korea, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	ABB Ltd., Amazon.com Inc., Calvary Robotics, FANUC Corp., HIT Robot Group, Innovation Matrix Inc., International Business Machines Corp., Irobot Corp., Lincoln Electric Holdings Inc., Microsoft Corp., Ortelio Ltd., Preferred Networks Inc., Rapyuta Robotics Co. Ltd., ReconRobotics Inc., Rockwell Automation Inc., Seegrid Corp., Skymind Global Ltd., SoftBank Robotics Group Corp., Teradyne Inc., and Yaskawa Electric Corp.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 18: Five forces analysis - Comparison between2021 and 2026

4.2 Bargaining power of buyers

Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

5.1 Market segments

Exhibit 25: Chart on Application - Market share 2021-2026 (%)
Exhibit 26: Data Table on Application - Market share 2021-2026 (%)

5.2 Comparison by Application

Exhibit 27: Chart on Comparison by Application
Exhibit 28: Data Table on Comparison by Application

5.3 Industrial - Market size and forecast 2021-2026

Exhibit 29: Chart on Industrial - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Data Table on Industrial - Market size and forecast 2021-2026 ($ million)
Exhibit 31: Chart on Industrial - Year-over-year growth 2021-2026 (%)
Exhibit 32: Data Table on Industrial - Year-over-year growth 2021-2026 (%)

5.4 Services industry - Market size and forecast 2021-2026

Exhibit 33: Chart on Services industry - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Data Table on Services industry - Market size and forecast 2021-2026 ($ million)
Exhibit 35: Chart on Services industry - Year-over-year growth 2021-2026 (%)
Exhibit 36: Data Table on Services industry - Year-over-year growth 2021-2026 (%)

5.5 Market opportunity by Application

Exhibit 37: Market opportunity by Application ($ million)

6 Market Segmentation by Product

6.1 Market segments

Exhibit 38: Chart on Product - Market share 2021-2026 (%)
Exhibit 39: Data Table on Product - Market share 2021-2026 (%)

6.2 Comparison by Product

Exhibit 40: Chart on Comparison by Product
Exhibit 41: Data Table on Comparison by Product

6.3 Software - Market size and forecast 2021-2026

Exhibit 42: Chart on Software - Market size and forecast 2021-2026 ($ million)
Exhibit 43: Data Table on Software - Market size and forecast 2021-2026 ($ million)
Exhibit 44: Chart on Software - Year-over-year growth 2021-2026 (%)
Exhibit 45: Data Table on Software - Year-over-year growth 2021-2026 (%)

6.4 Hardware - Market size and forecast 2021-2026

Exhibit 46: Chart on Hardware - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on Hardware - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on Hardware - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on Hardware - Year-over-year growth 2021-2026 (%)

6.5 Services - Market size and forecast 2021-2026

Exhibit 50: Chart on Services - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on Services - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on Services - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on Services - Year-over-year growth 2021-2026 (%)

6.6 Market opportunity by Product

Exhibit 54: Market opportunity by Product ($ million)

7 Customer Landscape

7.1 Customer landscape overview

Exhibit 55: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

8.1 Geographic segmentation

Exhibit 56: Chart on Market share by geography 2021-2026 (%)
Exhibit 57: Data Table on Market share by geography 2021-2026 (%)

8.2 Geographic comparison

Exhibit 58: Chart on Geographic comparison
Exhibit 59: Data Table on Geographic comparison

8.3 APAC - Market size and forecast 2021-2026

Exhibit 60: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 61: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 62: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 63: Data Table on APAC - Year-over-year growth 2021-2026 (%)

8.4 Europe - Market size and forecast 2021-2026

Exhibit 64: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 65: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 66: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 67: Data Table on Europe - Year-over-year growth 2021-2026 (%)

8.5 North America - Market size and forecast 2021-2026

Exhibit 68: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 69: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 70: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 71: Data Table on North America - Year-over-year growth 2021-2026 (%)

8.6 Middle East and Africa - Market size and forecast 2021-2026

Exhibit 72: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 73: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 74: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 75: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

8.7 South America - Market size and forecast 2021-2026

Exhibit 76: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 77: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 78: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 79: Data Table on South America - Year-over-year growth 2021-2026 (%)

8.8 China - Market size and forecast 2021-2026

Exhibit 80: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 81: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 82: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 83: Data Table on China - Year-over-year growth 2021-2026 (%)

8.9 US - Market size and forecast 2021-2026

Exhibit 84: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 85: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 86: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 87: Data Table on US - Year-over-year growth 2021-2026 (%)

8.10 Japan - Market size and forecast 2021-2026

Exhibit 88: Chart on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 89: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 90: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibit 91: Data Table on Japan - Year-over-year growth 2021-2026 (%)

8.11 Germany - Market size and forecast 2021-2026

Exhibit 92: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 93: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 94: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 95: Data Table on Germany - Year-over-year growth 2021-2026 (%)

8.12 South Korea - Market size and forecast 2021-2026

Exhibit 96: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
Exhibit 97: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
Exhibit 98: Chart on South Korea - Year-over-year growth 2021-2026 (%)
Exhibit 99: Data Table on South Korea - Year-over-year growth 2021-2026 (%)

8.13 Market opportunity by geography

Exhibit 100: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

9.1 Market drivers

9.2 Market challenges

9.3 Impact of drivers and challenges

Exhibit 101: Impact of drivers and challenges in 2021 and 2026

9.4 Market trends

10 Vendor Landscape

10.1 Overview

10.2 Vendor landscape

Exhibit 102: Overview on Criticality of inputs and Factors of differentiation

10.3 Landscape disruption

Exhibit 103: Overview on factors of disruption

10.4 Industry risks

Exhibit 104: Impact of key risks on business

11 Vendor Analysis

11.1 Vendors covered

Exhibit 105: Vendors covered

11.2 Market positioning of vendors

Exhibit 106: Matrix on vendor position and classification

11.3 ABB Ltd.

Exhibit 107: ABB Ltd. - Overview
Exhibit 108: ABB Ltd. - Business segments
Exhibit 109: ABB Ltd. - Key news
Exhibit 110: ABB Ltd. - Key offerings
Exhibit 111: ABB Ltd. - Segment focus

11.4 Amazon.com Inc.

Exhibit 112: Amazon.com Inc. - Overview
Exhibit 113: Amazon.com Inc. - Business segments
Exhibit 114: Amazon.com Inc. - Key news
Exhibit 115: Amazon.com Inc. - Key offerings
Exhibit 116: Amazon.com Inc. - Segment focus

11.5 Calvary Robotics

Exhibit 117: Calvary Robotics - Overview
Exhibit 118: Calvary Robotics - Product / Service
Exhibit 119: Calvary Robotics - Key offerings

11.6 FANUC Corp.

Exhibit 120: FANUC Corp. - Overview
Exhibit 121: FANUC Corp. - Business segments
Exhibit 122: FANUC Corp. - Key offerings
Exhibit 123: FANUC Corp. - Segment focus

11.7 HIT Robot Group

Exhibit 124: HIT Robot Group - Overview
Exhibit 125: HIT Robot Group - Product / Service
Exhibit 126: HIT Robot Group - Key offerings

11.8 International Business Machines Corp.

Exhibit 127: International Business Machines Corp. - Overview
Exhibit 128: International Business Machines Corp. - Business segments
Exhibit 129: International Business Machines Corp. - Key offerings
Exhibit 130: International Business Machines Corp. - Segment focus

11.9 Rapyuta Robotics Co. Ltd.

Exhibit 131: Rapyuta Robotics Co. Ltd. - Overview
Exhibit 132: Rapyuta Robotics Co. Ltd. - Product / Service
Exhibit 133: Rapyuta Robotics Co. Ltd. - Key offerings

11.10 SoftBank Robotics Group Corp.

Exhibit 134: SoftBank Robotics Group Corp. - Overview
Exhibit 135: SoftBank Robotics Group Corp. - Product / Service
Exhibit 136: SoftBank Robotics Group Corp. - Key offerings

11.11 Teradyne Inc.

Exhibit 137: Teradyne Inc. - Overview
Exhibit 138: Teradyne Inc. - Business segments
Exhibit 139: Teradyne Inc. - Key news
Exhibit 140: Teradyne Inc. - Key offerings
Exhibit 141: Teradyne Inc. - Segment focus

11.12 Yaskawa Electric Corp.

Exhibit 142: Yaskawa Electric Corp. - Overview
Exhibit 143: Yaskawa Electric Corp. - Business segments
Exhibit 144: Yaskawa Electric Corp. - Key offerings
Exhibit 145: Yaskawa Electric Corp. - Segment focus

12 Appendix

12.1 Scope of the report

12.2 Inclusions and exclusions checklist

Exhibit 146: Inclusions checklist
Exhibit 147: Exclusions checklist

12.3 Currency conversion rates for US$

Exhibit 148: Currency conversion rates for US$

12.4 Research methodology

Exhibit 149: Research methodology
Exhibit 150: Validation techniques employed for market sizing
Exhibit 151: Information sources

12.5 List of abbreviations

Exhibit 152: List of abbreviations

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