Skip to main content

Internet of Robotics Things Market Projected to Register CAGR of 29.7% - Forecast 2022


The Internet of Robotic Things Market was valued at USD 3.89 billion in 2015 and is expected to reach USD 21.44 billion by 2022, at a CAGR of 29.7% between 2016 and 2022.
The years considered for the study are as follows:
  • Historic Year: 2014
  • Base Year: 2015
  • Estimated Year: 2016
  • Projected Year: 2022
  • Forecast Period: 2016 to 2022
The ecosystem of Internet of Robotic Things market comprises a well-established network of manufacturers, distributors, hardware vendors, and service providers. The key companies in the Internet of Robotic Things include ABB Ltd. (Switzerland), KUKA AG (Germany), iRobot Corp. (U.S.), Amazon.com, Inc. (U.S.), Google, Inc. (U.S.), Fanuc, Corp. (Japan). The prominent companies in the markets include the well-established, financially stable and technically expertise players that have been operating in the industry for several years and have diversified product portfolios, proprietary technologies, and strong distribution networks through collaborations and acquisitions.
Get 10% Free Customization on this Report : https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=85094927
The e-commerce fulfillment centers that are struggling to make their operations more efficient and cost-effective, systems with smart robotics technology can provide an efficient solution to improve order throughput and order accuracy while reducing labor costs and optimizing space requirements.  There is an increase in the e-commerce business. Companies such as Amazon.com, Inc. (U.S.), Wal-Mart Stores, Inc. (U.S.), Apple Inc. (U.S.), and Dell Inc. (U.S.) are facing challenges such as insufficient warehouse space, large stock keeping unit (SKU) counts, and pressure of fast delivery, among others. The Internet of robotic things would help to overcome these challenges. With the increase in the growth of online ordering, the adoption of smart robotics has been witnessed by the e-commerce sector.
Robots have several applications in industrial manufacturing environments. However, significant investments have been undertaken into designing robots applications that can be used outside factories. Smart robots are the focus of several research and development centers in the recent years. Currently, smart robots find applications in several areas such as computers; cognitive and social sciences; electrical; and electronic and mechanical engineering. Robots are becoming a stimulating area of development in robotics owing to the integration of robots with various technologies such as smartphones, tablets, and other electronic appliances, artificial intelligence, and computational vision.
ABB Ltd. (Switzerland) is one of the leading companies in the IoRT market, followed by KUKA AG (Germany) providing integrated and connected robotic solutions with advancing technology to sustain in the collaborative industrial robots market.  Key players in this market are increasingly undertaking mergers and acquisitions to acquire new technologies.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Labels:

Comments

Post a Comment

Popular posts from this blog

Global Mobile Video Surveillance Market Size, Demand Analysis, Growth Rate and Deep Industry Research Reports

According to the new market research report  " Mobile Video Surveillance Market  by Offering (Hardware (Cameras, Storage Solutions), Software (Video Analytics, VMS), Service), Application (Trains & Trams, Buses, Transport Vehicles, Police Cars, Drones), Vertical, and Geography - Global Forecast to 2023" , The mobile video surveillance market was valued at 1.40 Billion in 2017 and is expected to reach USD 2.32 Billion by 2023, at a CAGR of 8.77% between 2017 and 2023. The increasing installation of surveillance cameras, improving infrastructure and deployment capabilities, rising demand for intelligent and scalable mobile video surveillance solutions, rising demand for cloud-based surveillance solutions, and growing adoption of IP cameras are the driving factors for the mobile video surveillance market growth. Hardware includes cameras, storage solutions, video encoders, and so on. Hardware components have become technologically more advanced and affordable. The ri...
Post a Comment
Read more

Global Low Noise Amplifier (LNA) Market Inclined to Deliver Positive Growth Results until 2023

The Low Noise Amplifier (LNA) Market is expected to be worth USD 3.00 billion by 2023, at a CAGR of 13.8% between 2017 and 2023. The rapid development of space programs worldwide, evolution of 5G technology, and commercialization of IoT provide the key opportunities for the market . Some of the key factors driving the growth of this market are the huge demand from the smartphone market, adoption of E Band to meet growing bandwidth demand, and increasing usage of long-term evolution (LTE) technology . The major players of the LNA market are NXP Semiconductors N.V. ( Netherlands ), Analog Devices, Inc. ( US ), Infineon Technologies AG ( Germany ), L3 Narda-MITEQ (US), Qorvo, Inc. ( US ), Skyworks Solutions, Inc. ( US ), ON Semiconductor Corp. ( US ), Panasonic Corp. (Japan), Texas Instruments, Inc. ( US ), and Teledyne Microwave Solutions ( US ). The key innovators in the market are Custom MMIC (US), MACOM Technology Solutions Holdings, Inc. ( US ), SAGE Millimet...
Post a Comment
Read more

Global Mobile Biometrics Market Inclined to Deliver Positive Growth Results until 2022

The Mobile Biometrics Market is expected to grow from USD 4.03 Billion in 2015 to USD 49.33 Billion by 2022, at a CAGR of 29.3% between 2016 and 2022. The industrial consensus on developing intelligence in mobile devices drives the use of biometric technology. In the last few years, most of the smart phone companies have launched biometrics-enabled phones. While the focus is currently on fingerprint recognition technology, the market is trending toward advanced biometric technologies such as face, voice, iris, and others. Mobile biometrics is a technology used for security and authentication . The mobile biometrics market has witnessed enormous developments in the past few years. In the current scenario, consumer electronics industry holds the largest share of the market. Consumer electronics companies have shown extensive growth and hold a major share of the global mobile biometrics market. The mobile biometrics market is mainly driven by the strategic contracts, partnership...
Post a Comment
Read more