Global Robotics Market to Reach Over $25.9 Billion This Year

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Research and Markets has announced the addition of the "Robotics: Technologies and Global Markets"report to their offering.

The global robotics market reached nearly $24.9 billion in 2015. The market should reach over $25.9 billion and $31.5 billion in 2016 and 2021 respectively, increasing at a compound annual growth rate (CAGR) of 4.0% from 2016 to 2021.

Forecasts have been generated by region, by type of robot, by robot-user, by robot-assigned task, and by type of robotic product and market region.

Five types of robots are discussed and forecast in this report: industrial robots, professional service robots, military robots, domestic service robots, and security robots.

Sixteen types of robot users are covered: aerospace manufacturing, agricultural, automotive manufacturing, building maintenance, chemical and fuel processing, construction, consumer products manufacturing, education and research, electrical and electronics manufacturing, food processing, government - defense, government - non-defense, healthcare, households, pharmaceutical manufacturing, and textile and clothing manufacturing.

Nineteen robot-performed tasks are examined: assembly; assisted transport; building security; construction and demolition; couriers and guides; dispensing; entertainment; floor maintenance; exterior maintenance; hazardous materials disposal; inspection and sample collection; laboratory bench assistance; material handling; painting, coating and gluing; palletizing and packaging; part cutting and forming; surgery; surveillance; and welding and soldering.