Market
Highlights
Rising
automation trends and increased credibility of cloud infrastructure is paving
the way for cloud robotics. Industries are increasingly focusing on automation
to achieve economies of scale, which is leading to development of cutting-edge
robotics technologies such as cloud robotics. Such factors are supporting the
growth of the cloud robotics market. At the same time, continuous progress in
wireless technology and development of innovative digital platforms is
reflecting favourably on cloud robotics. On the other hand, the high
installation cost and lack of technical expertise is hindering cloud
robotics market prospects.
Development
in software structures and wireless technology progress has led to increased
dependence of industries over robotic cloud systems. In warehousing, cloud
robotics platforms provide on-demand automation solutions for material handling
and inventory management. As a result, growing numbers of manufacturing,
distribution, and fulfillment centers have begun using cloud-based robots for
various material handling tasks.
As
per the latest report published by Market Research Future (MRFR), the global
cloud robotics market is projected to surge at a CAGR of 29% from 2016 to 2022
and reach a valuation of USD 17 Bn.
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Segmentation:
The
report is segmented into types, connectivity, applications, and regions. The
type segment is sub-segmented into proxy-based, clone-based, and peer-based
cloud robotics. The connectivity segment is sub-segmented into Wi-Fi, 3G, 4G,
Bluetooth, radiofrequency, and infrared connectivity. The application segment
is sub-segmented into defense, healthcare, manufacturing, retail,
transportation, aerospace, agriculture, and others. The region segment is
sub-segmented into Asia Pacific, Americas, Europe, and rest-of-the-world.
Regional
Analysis
The cloud robotics
market has been covered across regions such as Europe, North America,
and Asia Pacific (APAC). North America
is expected to stay at the forefront of global cloud robotics during the review
period. Countries such as the US and Canada are witnessing high adoption of
robotics technology in verticals such as security, defense and health care. In
addition, the existence of advanced network infrastructure and mobile
technology is also having a positive impact on the market in the region.
Robotics with cloud technology is the next frontier in industrial automation,
which is being realized by business all around the world. Such technologies not
only improve operational efficiency but also help in reducing managerial
burdens. The market in Asia Pacific (APAC) is also expected to exhibit a
healthy growth over the next five years. Rising demand for technologies that
can improve industrial out and create growth opportunities for economy is
having positive impact on the region’s market. Moreover, increased focus
towards improving internet infrastructure is also creating lucrative prospects
for the market in APAC.
Global Cloud Robotics Market:
Competitive Landscape
Some
of the leading companies operating in the global cloud robotics market include
Kuka AG (Germany), Fanuc Corporation (Japan), Rapyuta Robotics Co. Ltd.
(Japan), Calvary Robotics (U.S.), Rockwell Automation, Inc. (U.S.), Yaskawa
Electric Corporation (Japan), ABB Group (Switzerland), Motion Controls Robotics
(U.S.) and Ortelio Ltd. (UK).
Industry/ Innovation/ Related News
April 8, 2021 --- CloudMinds (China), robotics
start-ups, announced a series B+ funding round with USD 150 million led by SOEs
Shanghai Urban Construction Investment and Shanghai Guosheng Group. The company
owns over 1,801 patents and has released the Hairui cloud robot operating
system, smart, flexible joint SCA, and XR 1 cloud robot series. It has worked
on the R&D of cloud-based robotics, large-scale telecom machine learning
networks, secure high-speed networks, business service robots, and other smart
devices.
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