The global robotics market is experiencing a strong growth trend in conjunction with the surge in automation, smart manufacturing, and e-commerce fulfillment. As a result, the market is experiencing significant demand for components ranging from robot arms to actuators, sensors, and controllers. This report provides insight into the robotic components market and the leading companies, technologies, and applications across the major industrial, enterprise, and consumer industries. Demand for robots and their components is being driven by the need for increased productivity, cost savings, and quality, as well as the rise of smart factories and customized on-demand production. New opportunities are emerging as component companies develop solutions that provide greater capacity, speed, and dexterity to robots. Robot use cases are expanding due to technological advances that enable easier robot setup and advanced artificial intelligence (AI), deep learning, and machine vision that allow robots to take on more challenging tasks. Omdia expects the robotic components market to grow at an increasing pace as improved hardware, software, and systems propel the expanded adoption of robots. These trends will provide opportunities to industry participants that want to tap into a market expected to reach $126.3bn by the end of 2025. This Omdia report examines the crucial market drivers, challenges, and industry applications related to robotic components and assesses the most important technology issues that will influence market development. Omdia also profiles the top 31 industry players, including vendors of robot arms, end-of-arm tools (EoATs), actuators, sensors, vision systems, power systems, and controllers, and provides a table of 67 key and emerging companies. Market forecasts, segmented by component category, industrial versus non-industrial, and geographic region, extend through 2025.
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