Cloud
robotics is modern robotics which is used in cloud computing and cloud storage.
Cloud robotics makes robots to do many intensive tasks such as image
processing, scanning and voice recognition. Cloud robotics allows robots to
access the data and information such as updated image library, maps, product
data and others. Cloud robotics enables the robots to learn some interesting
skill such as speaking, dancing, running and others. Apart from this, cloud
robotics is very valuable in handling big data, parallel grid computing, crowd
sourcing and other works.
Market Size & Forecast
Global
cloud robotics market is anticipated to flourish at a compound annual growth
rate (CAGR) of 30.1% over the forecast period. Global cloud robotics market is
anticipated to reach at a valuation of about USD 3100.1 Million by the end of
2024. Rising technological advancement of robots and wide adoption of robotics
in service sector are some of the major factors expected to propel the growth
of global cloud robotics market over the forecast period.
In
terms of region, global cloud robotics market is segmented into five major
regions including North America, Europe, Asia Pacific, Latin America and Middle
East & Africa region. In terms of market share, Europe region is the
biggest market of the cloud robotics .Rising consumer’s awareness towards
robotics and presence of some major cloud robotics companies such as Cervi Robotics
and Torninova are the major factors which are driving the growth of cloud
robotics market in Europe region. By share, North America region is the second
leading market of cloud robotics and is anticipated to witness remarkable
growth over the forecast period.
Apart
from this, Asia Pacific region is the fastest growing regional market of cloud
robotics and is expected to flourish at a compound annual growth (CAGR) of
34.1% over the forecast period. Japan & China are expected to be the key
contributors in growth of cloud robotics in this region. Middle East &
Africa and Latin America regions are also anticipated to grow at a satisfactory
growth rate over the forecast period.
Market Segmentation
Our-in
depth analysis of the global cloud robotics market includes the following
segments:
By End User
Industrial
Military
Commercial
Personal
By Connectivity
Bluetooth
Wi-Fi
3G
4G
5G
RF
Infrared
By Deployment
Hybrid
Private
Public
By Application
Aerospace
Manufacturing
Education
Logistic
Agriculture
Home
Construction
Growth Drivers & Challenges
Global
cloud robotics market is driven by rising adoption of high-tech machines and
their benefits in our personal and professional life. Application of cloud
robotics in agriculture sector has made them more intelligent in terms of
operation and control. This advancement in agriculture sector by using cloud
robotics is anticipated to propel the growth of global cloud robotics market in
near future. Moreover, rising adoption of cloud robotics in defense & security
sector for the enhancement of existing security system is a major driver which
is likely to foster the growth of global cloud robotics market in near future.
Utilization of cloud robotics for enhancement of old robots in the terms of
intelligence and to arm them with skills like walking, running, speaking and
others are some of the major reasons driving the growth of cloud robotics
market.
Apart
from this, rising adoption of cloud robotics in education sector is likely to
foster the growth of cloud robotics market. Cloud robotics has a wide range of
applications including manufacturing, logistic, homes and others. Further, use
of cloud robotics in manufacturing sector has resulted in increased production,
reduction of human errors, improved quality. These advantages are anticipated
to propel the involvement of cloud robotics in manufacturing sector. Additionally,
cloud robotics is used in logistic sector. Expansion of logistic service across
the globe is envisioned to bolster the growth of global cloud robotics market
over the forecast period.
However,
high cost of cloud robotics and lack of user guidance are some major challenges
which are restraining the growth of global cloud robotics market. Apart from
this, slow adoption rate is also hampering the growth of global cloud robotics
market.
This
report also provides the existing competitive scenario of some of the key
players of the global cloud robotics market which includes company profiling of V3 Smart Technology Pvt. Ltd., Hit Robot Group, ABB
Group, Adept Technology, Boston Dynamics, Fanuc Corporation, Rockwell
Automation Inc., Rapyuta Robotics Co. Ltd., Universal Robotics A/S, and Motion
Controls Robotics. The profiling enfolds key information of the
companies which encompasses business overview, products and services, key
financials and recent news and developments. On the whole, the report depicts detailed
overview of the global cloud robotics market that will help industry
consultants, equipment manufacturers, existing players searching for expansion
opportunities, new players searching possibilities and other stakeholders to
align their market centric strategies according to the ongoing and expected
trends in the future.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
To know more about this research, kindly visit: https://www.researchnester.com/reports/cloud-robotics-market-global-demand-analysis-opportunity-outlook-2024/366
Contact for more
Info:
Ajay
Daniel
U.S.
+1 646 586 9123
U.K.
+44 203 608 5919
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