Cloud Robotics Market Industry Outlook, Size, Growth Factors and Forecast 2030
Cloud Robotics Market Value is Predicted to reach USD 15.3 Billion with CAGR 23.2 % by the end of 2030
The Cloud Robotics Market is garnering substantial traction. The market growth attributes to the spurring rise in the industrial sector and automation across industries. The demand for cloud robotics is rising in multi-folds as organizations are increasingly adopting cloud infrastructure for rapid operation processes. Moreover, the growing need for seamless internet connectivity creates substantial demand for cloud robotics systems.
Recent developments in Cloud Robotics include the use of distributed computing, artificial intelligence, machine learning, and the Internet of Things in robotic systems. This allows robots to be connected to the cloud and use cloud-based resources for their operations. This has enabled robots to become more autonomous and intelligent, and to perform complex tasks with greater accuracy. Additionally, cloud robotics has also enabled remote monitoring and control of robotic systems, as well as collaboration between robots and humans. Furthermore, cloud robotics has enabled robots to be used in applications such as autonomous driving, medical robotics, industrial automation, and home automation.
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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.
The market is projected to witness significant growth in the years to come. In this regard, Market Research Future (MRFR) asserts that the global cloud robotics market is estimated to witness exponential revenue growth by 2030, growing at an impressive CAGR during the assessment period (2020-2030). Improving official safety standards governing the design and manufacture of industrial mobile robots impacts the market growth positively.
Global Cloud Robotics Market - Segments
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.
Global Cloud Robotics Market - Regional Analysis
North America leads the global cloud robotics market. The market growth attributes to the vast uptake of robotics in the defense, healthcare, and security sectors. Connected robotics plays a crucial role in enhancing the performances of automated systems and controllers and delivering superior performance in the communication infrastructure of data centers.
Besides, the increasing development and high adoption of automation in production units substantiate market demand. The increasing focus on improving communication capabilities, especially used in the defense sector in the region, pushes the cloud robotics market size.
Europe stands second in the global cloud robotics market. A large number of industries in the region have implemented robotics in their operations. Additionally, the strong presence of auto manufacturers and the need for automated vehicle manufacturing processes drive the regional market growth. Increasing R&D activities and funding to develop robotics act as major tailwinds for the market growth in the region.
The Asia Pacific region also shows substantial growth in the global cloud robotics market. Factors such as the strong presence of several notable players and well-established development centers in the region boost the market share, allowing the early uptake and advances in robotics. Furthermore, the growing industrialization and production drive the growth of the market.
Global Cloud Robotics Market - Competitive Landscape
Highly competitive, the cloud robotics market appears fragmented, with several well-established players forming a competitive landscape. To gain a substantially larger market share, key players incorporate strategic approaches, such as mergers & acquisitions, collaborations, expansion, and product/ technology launch. They also make substantial investments in new product developments and geographical expansion.
Players leading the global cloud robotics market are Kuka AG (Germany), Rockwell Automation, Inc. (US), ABB Group (Switzerland), Yaskawa Electric Corporation (Japan), Fanuc Corporation (Japan), Rapyuta Robotics Co. Ltd. (Japan), Calvary Robotics (US), Motion Controls Robotics (US), and Ortelio Ltd. (UK), among others.
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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.
TABLE OF CONTENTS1. Executive Summary2. Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
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About Market Research Future (MRFR):
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.
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