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Oct 13, 2018 2:27 AM ET

Global Market Study on Robotics Advisory Service: Technological Advancements Expected to Boost Revenue Growth During 2018 - 2025

Global Market Study on Robotics Advisory Service: Technological Advancements Expected to Boost Revenue Growth During 2018 - 2025

iCrowd Newswire - Oct 13, 2018

Robots play a crucial role in industrial automation, with many core operations in industries being managed by robots. Owing to the rising advantages of smart factory systems, the market has been witnessing significant demand over the past decade. The growing penetration of IoT and investments in robotics have been the major contributors to the growth of the market. The increasing demand for automation in industries has revolutionized the adoption of robotic technologies, especially in the automotive industry. With the advancement of technologies, such as modular robotics, nano-robotics, and cloud robotics, the market studied is expected to be boosted. The major players in the market are developing affordable, small, compact, and energy efficient robotics solutions, to cater to a broader customer base. Over the years, the market has been supported by the demand for robotic surgery. Moreover, research in the field of surgical robotics by prominent universities is expected to play a key role in the development. The market is further expanding into new territories, with small- and medium-sized industries adopting automation, thereby creating demand for robots. The availability of small-capacity and cost-effective solutions from major providers is enabling the penetration of robots into industries.

With the increasing demand for automation in all industries, the use of robots has increased significantly. Organizations are adopting robotics, to automate their processes, deliver high-quality products, expand their manufacturing capabilities, provide better customer service, and efficiently manage their operations. Therefore, the offerings available in the market have also expanded over the recent years, with several international players expanding their product portfolios, to gain traction in the market. Moreover, the industry’s growing need for custom solutions is expected to drive the robotics market further.

In 2017, the global Robotics Advisory Service market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025.

This report focuses on the global Robotics Advisory Service status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Robotics Advisory Service development in United States, Europe and China.

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The key players covered in this study-

Market segment by Type, the product can be split into

Market segment by Application, split into

Market segment by Regions/Countries, this report covers

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Keywords:    Robotics Advisory Service Market, Robotics Advisory Service Market Size, Robotics Advisory Service Market Demand

Tags:    Research Newswire, Press Release, South America, United States, Europe, Asia, English