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Monday, August 08, 2011

World Robot Market $30 Billion by 2016

In 2010, the world robots market and related products was valued at $21 billion, and is expected to reach $30 billion by 2016, according to a new report on companiesandmarkets.com. This represents an increase of 6.7% CAGR for the 2011-2016 reporting period, from a 2011 estimate of $22 billion. The robot industry is comprised of six key segments: domestic service robots; industrial robots; military robots; professional service robots; security robots, and space robots.



The Asian market will show the largest growth over the forecast period. This sector is valued at nearly $7 billion in 2011 and is expected to increase at a 7.2% compound annual growth rate (CAGR) to reach nearly $11 billion in 2016.

The North American market is estimated to reach nearly $5 billion in 2011 and is expected to increase at a 2.7% compound annual growth rate (CAGR) to reach nearly $6 billion in 2016.


There are 16 industries which are most reliant on robotic technology, including aerospace, chemical and fuel processing, defense, education and research, food processing, home care, medicine and surgery, pharmaceutical manufacturing and textile/clothing manufacturing.

The 267 page robot research report provides an in-depth analysis of the market, incorporating historic and forecast data for the period 2011-2016. Divers/barriers to growth, technologies, trends, competitive landscape, patents, standards, regulations and numerous other influencing factors are also discussed.

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