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Insights on the $31 Billion Robotics Global Market to 2025 – Impact Analysis of COVID-19

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Dublin, July 15, 2021 (GLOBE NEWSWIRE) — The “Global Robotics Market (Industrial and Service Robotics) and Volume, Impact of COVID-19, Key Players Analysis – Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.

The Global Robotics Market was valued at around US$ 31 Billion in 2020 and the market is expected to register a double digit CAGR over the forecast period of 2021 – 2025.

The adoption of robots across a wide range of industries including manufacturing, healthcare, defense and security, logistics, inspection and maintenance, automotive, electronics, and food and beverage has accelerated the growth of the market. The market for robotics is anticipated to grow exponentially during the forecast period driven by advantages such as cost reduction, improved quality, increased production, and improved workplace health and safety. Robots deliver better quality products and services more efficiently, with less wastage and without causing physical damage to humans due to their autonomous nature. The increasing use of robotics will boost the growth of the market in the coming future. However, the high initial investment and concern for human safety restricts the growth of the market.

Impact of COVID-19 on Robotics Market

The COVID-19 outbreak has become a global stress test. As the number of people infected with the virus continues to rise around the world, uncertainties about global economic growth increases. The COVID-19 disease has infected more than 176 Million people worldwide. Globally the death toll has surpassed 3,803,257, according to the latest statistics from the Worldometers (as of June 12, 2021). The number is still growing, and the duration of the pandemic is still difficult to predict. The novel coronavirus has increased interest in robots, drones, and artificial intelligence.

The COVID-19 global pandemic has two effects on the robotics industry. First, it drives the growth of professional service robots, which can help augment critical infrastructure staff and alleviate supply chain stresses. On the other hand, the market for industrial robots is hampered due to their reliance on the automotive and electrical/electronic industries. The markets for most types of service robots seems hardly affected by the COVID-19 pandemic. Robotic solutions support social distancing, are not sent to quarantine and are not affected by travel bans. These technologies can help deal with massive staffing shortages in healthcare, manufacturing, and supply chains; the need for “social distancing;” and diagnosis and treatment. Following a slowdown in global demand of industrial robots due to the COVID-19 pandemic, it is expected that the major industrial robot vendors will start receiving orders from 2021 onwards.

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Industrial Robotics Market – Overview

The global industrial robotics market was valued at around US$ 10.6 Billion in 2020. The market for industrial robots is hampered due to their reliance on the automotive and electrical/electronic industries, which was affected the most due to COVID-19 pandemic. Customers from both the automotive industry and general industry held back on orders and postponed their planned investments for robots and support services. However, the demand for industrial robotics is anticipated to grow exponentially during the forecast period driven by advantages such as cost reduction, improved quality, increased production, and improved workplace health and safety. The adoption of automation to ensure quality production and meet market demand, and the growing demand from small- and medium-scale enterprises in developing countries is fueling the growth of industrial robotics market globally.

Industrial Robotics Market – Segment Analysis

On the basis of segment, the automotive industry accounted for highest share of the industrial robotics market. Around 28% of all industrial robot installations take place in the automotive industry. The market for industrial robotics in the electrical and electronics industry is probably the one most affected by the China-US trade crisis as Asian countries (e.g., China, Japan, Republic of Korea) are leaders in manufacturing electronic products and components. Metal industry has been seeing an accelerated growth of industrial robotics adoption in recent years. Both unit shipment and the sales revenue are expected to enjoy handsome growth over the forecast period. Chemical, rubber and plastics industry is the fourth largest market for industrial robotics market, while food industry accounted for least share of the global industrial robotics market.

Industrial Robotics Market – Regional Analysis

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In terms of geographical regions, Asia/Australia is the world’s strongest growth market for industrial robots. This region accounted for around 67% share of the industrial robotics market in 2020. The main drivers for this growth are the demand for industrial robots from small- and medium-scale enterprises in China, Japan, South Korea, and India. Since 2013 China has been the biggest robot market in the world with a continued dynamic growth. The five major markets including China, Japan, the United States, the Republic of Korea, and Germany accounts for around 74% of the total robotics sales volume in 2020. Europe is the second leading region for industrial robotics market, followed by the Americas.

Key Topics Covered:

1. Executive Summary

2. Impact of Coronavirus (COVID-19) Pandemic on Robotics Market

3. Global Robotics Market and Forecast (2009 – 2025)
3.1 Global Industrial Robotics Market and Forecast
3.2 Global Service Robotics Market and Forecast
3.2.1 Global Professional Service Robotics Market and Forecast
3.2.2 Global Personal and Domestic Service Robotics Market and Forecast

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4. Global Robotics Volume and Forecast (2009 – 2025)
4.1 Global Industrial Robotics Volume and Forecast
4.2 Global Service Robotics Volume and Forecast
4.2.1 Global Professional Service Robotics Volume and Forecast
4.2.2 Global Personal and Domestic Service Robotics Volume and Forecast

5. Global Robotics Market and Volume Share Analysis
5.1 Global Robotics Market Share and Forecast – By Type (2009 – 2025)
5.2 Global Robotics Volume Share and Forecast – By Type (2009 – 2025)

6. Global Industrial Robotics Market Share and Forecast
6.1 Global Industrial Robotics Market Share and Forecast – By Segment (2009 – 2025)
6.2 Global Industrial Robotics Market Share and Forecast – By Region (2010 – 2025)

7. Global Service Robotics Market and Volume Share Analysis (2009 – 2025)
7.1 Global Service Robotics Market Share and Forecast – By Segment
7.2 Global Professional Service Robotics Market Share and Forecast – By Segment
7.3 Global Personal and Domestic Service Robotics Market Share and Forecast – By Segment
7.4 Global Service Robotics Volume Share and Forecast – By Segment
7.5 Global Professional Service Robotics Volume Share and Forecast- By Segment
7.6 Global Personal and Domestic Service Robotics Volume Share and Forecast- By Segment

8. Global Industrial Robotics Market and Volume Forecast – By Segment (2009 – 2025)
8.1 Global Automotive Industry Robotics Market and Volume Forecast
8.1.1 Global Automotive Industry Robotics Market and Forecast
8.1.2 Global Automotive Industry Robotics Volume and Forecast
8.2 Global Electrical/Electronics Industry Robotics Market and Volume Forecast
8.2.1 Global Electrical/Electronics Industry Robotics Market and Forecast
8.2.2 Global Electrical/Electronics Industry Robotics Volume and Forecast
8.3 Global Metal Industry Robotics Market and Volume Forecast
8.3.1 Global Metal Industry Robotics Market and Forecast
8.3.2 Global Metal Industry Robotics Volume and Forecast
8.4 Global Chemical, Rubber and Plastics Industry Robotics Market and Volume Forecast
8.4.1 Global Chemical, Rubber and Plastics Industry Robotics Market and Forecast
8.4.2 Global Chemical, Rubber and Plastics Industry Robotics Volume and Forecast
8.5 Global Food Industry Robotics Market and Volume Forecast
8.5.1 Global Food Industry Robotics Market and Forecast
8.5.2 Global Food Industry Robotics Volume and Forecast
8.6 Global Others Industry Robotics Market and Volume Forecast
8.6.1 Global Others Industry Robotics Market and Forecast
8.6.2 Global Others Industry Robotics Volume and Forecast
8.7 Global Unspecified Industry Robotics Market and Volume Forecast
8.7.1 Global Unspecified Industry Robotics Market and Forecast
8.7.2 Global Unspecified Industry Robotics Volume and Forecast

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9. Global Industrial Robotics Volume and Forecast – By Region and Country Wise Distribution (2010 – 2025)

10. Global Professional Service Robotics Market and Volume Forecast – By Segment (2009 – 2025)

11. Global Personal and Domestic Service Robotics Market and Volume Forecast – By Segment (2009 – 2025)
11.1 Global Household Robotics Market and Volume Forecast
11.1.1 Global Household Robotics Market and Forecast
11.1.2 Global Household Robotics Volume and Forecast
11.2 Global Entertainment and Leisure Robotics Market and Volume Forecast
11.2.1 Global Entertainment and Leisure Robotics Market and Forecast
11.2.2 Global Entertainment and Leisure Robotics Volume and Forecast

12. Key Player Analysis (2010 – 2025)
12.1 KUKA AG
12.1.1 Company Overview
12.1.2 Sales Analysis
12.1.3 KUKA AG – SWOT Analysis
12.2 Adept Technology (Acquired by OMRON)
12.2.1 Company Overview
12.2.2 Sales Analysis
12.2.3 Adept Technology – SWOT Analysis
12.3 iRobot Corporation
12.3.1 Company Overview
12.3.2 Sales Analysis
12.3.3 iRobot Corporation – SWOT Analysis
12.4 Intuitive Surgical
12.4.1 Company Overview
12.4.2 Sales Analysis
12.4.3 Intuitive Surgical – SWOT Analysis
12.5 Nachi-Fujikoshi
12.5.1 Company Overview
12.5.2 Sales Analysis
12.5.3 Nachi-Fujikoshi – SWOT Analysis
12.6 Yaskawa Electric Corporation
12.6.1 Company Overview
12.6.2 Sales Analysis
12.6.3 Yaskawa Electric Corporation – SWOT Analysis

13. Global Robotics Market – Growth Drivers
13.1 Increasing Research and Development Expenditure
13.2 Technology Trends Shaping the Future of Robotics
13.3 Government Initiatives Drives Market for Robotics
13.4 Co-Bots Drives Robotics Industry
13.5 Improved Service, Increased Operational Efficiency and Safety

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14. Global Robotics Market – Challenges
14.1 Human-Robot Interaction Challenges
14.2 The High Cost of Robots Restricts Market Growth
14.3 Delayed Return on Investment (ROI)

For more information about this report visit https://www.researchandmarkets.com/r/9vhmvu


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Artificial Intelligence

GITEX GLOBAL and Expand North Star set to accelerate world’s AI economy with market projected to reach $2.7 trillion by 2032

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•  Event billed as a catalyst for redefining the world’s digital economy and AI ecosystem under this year’s ‘Global Collaboration to Forge a Future AI Economy’ theme
DUBAI, UAE, Oct. 12, 2024 /PRNewswire/ — GITEX GLOBAL, the world’s largest tech and startup event, takes centre stage in the UAE next week with this year’s 44th edition destined to redefine the world’s digital economy and AI ecosystem.

Held at Dubai World Trade Centre (DWTC) from 14-18 October, the incomparable international showpiece will be more influential than ever this time around – presenting an expanded events programme that transforms the UAE into an AI universe epicentre.
Under the theme “Global Collaboration to Forge a Future AI Economy”, GITEX GLOBAL 2024 welcomes the world’s largest technology enterprises alongside governments, investors, experts, startups, academia, and researchers.  
Expand North Star, the world’s largest startup and investment show, runs concurrently at Dubai Harbour from 13-16 October – hosted by Dubai Chamber of Digital Economy and organised by DWTC.
With over 6,500 exhibiting companies, 1,800 startups, and 1,200 investors from more than 180 countries participating across 38 halls of innovation and business opportunities, these blockbuster events will see the UAE “strategically propel the next generation of AI-driven technologies”.
Trixie LohMirmand, Executive Vice President of DWTC, the organiser of GITEX GLOBAL and Expand North Star, said: “At GITEX GLOBAL in Dubai, we shall close the year with significant manoeuvres from our tech community by doubling down on global collaborations and intensive engagements amongst all involved. Through these efforts, we shall forge competitive advantages in the race towards regional and international digital supremacy.
“With international participation in GITEX GLOBAL 2024 rocketing by almost 40 per cent, it’s a barometer of the unstoppable ambitions of many young rising digital nations who are now confidently forging their ways into the future global AI economy through GITEX. As the world’s most global tech event brand with events in Germany, Singapore, Morocco, and Nigeria alongside Expand North Star, we are committed to strategically propelling the next generation of AI-driven technologies via startups, scale-ups and unicorns.”
A global agenda for tomorrow’s AI economy
According to Fortune Business Insights, the global AI market is projected to reach $621 billion in 2024 and soar to $2.7 trillion by 2032. Given its influence and impact now and in the future, the technology takes centre stage at GITEX GLOBAL 2024 with over 3,500 enterprises presenting the latest breakthrough innovations in AI, IoT, data, and the cloud.
Amongst them is TECOM Group PJSC, which celebrates its 25th successive year at GITEX GLOBAL next week. Ahead of the event, Ammar Al Malik, Executive Vice President of Commercial at TECOM Group PJSC and Managing Director of Dubai Internet City, said: “Dubai’s pro-innovation frameworks are the bedrock of tech advancements that serve a greater purpose. GITEX GLOBAL is a springboard to unlock this potential, and as the region’s leading tech hub, Dubai Internet City has been a proud partner for decades in its mission towards a brighter future. Our community is pleased to connect innovators from more than 3,500 companies across fields like artificial intelligence (AI), Web3, digital transformation, and beyond to realise this vision.”
Abu Dhabi’s most influential companies and organisations, including the Advanced Technology Research Council (ATRC) and G42 Group with its leading enterprises Presight and Khazna, will reinforce the Emirate’s position as an emerging global AI nexus. Other tech giants participating are Adobe, Alibaba Cloud, AWS, Builder Ai, Dell, Google, Honeywell, Huawei, IBM, Lenovo, Microsoft, Nvidia, Oracle, Salesforce, SAS, solutions by STC, and Tech Destination Pakistan.
Presenting the year’s largest AI event, GITEX GLOBAL will deliver 120-plus hours of AI and deep tech-focused content across various topics, facilitating discussions on the implications of AI in Future Health, Digital Finance, and EdTech. Following the wildfire pace of AI adoption and the unprecedented growth in data storage demand, the event is also launching the region’s largest Data Centre Symposium in 2024, featuring the industry leaders Datalec, Kerno, Khazna, Legrand, NTT Data, Schneider Electric, Vertiv, among many others.
The programme will build anticipation ahead of the all-new AI Everything Global 2025. This event – taking place in Abu Dhabi (4 February) and Dubai (5-6 February) will gather some of the world’s most visionary AI tech companies to construct an innovative, fair, and responsible AI industry of the future.
Fast-tracking the next generation of startups
The world’s largest startup and investment event, Expand North Star will foster the next frontier of tech and innovation. In another record-breaking edition, the event will connect the most innovative global founders with new markets, enterprise customers, and an influential pool of investors and venture capitalists with over $1.2 trillion in Assets Under Management (AUM). These include SOSV, Bessemer Ventures, Lightrock, Sinovation Ventures, and the European Innovation Fund.
Additionally, Expand North Star will seek to redefine the future of money, blockchain, and creativity through leading co-located events GITEX Impact, Fintech Surge, Future Blockchain Summit, and Marketing Mania. Accelerating the next generation of scaleups, the world’s largest start-up pitch competition, Supernova Challenge 2.0, also graces GITEX GLOBAL with the winners claiming a share of the $200,000 prize pool.
Historic international involvement
GITEX GLOBAL 2024 will welcome the highest international attendance in its history, welcoming over 400 government and digital development agencies from around the world. Alongside GITEX GLOBAL regulars, the new nations debuting this year will showcase their latest groundbreaking tech innovations.
Next week marks the largest European participation at GITEX GLOBAL with over 35 European countries exhibiting alongside 1,000-plus SMEs and 450-plus startups from debuting countries, including Austria, Bosnia and Herzegovina, Ireland, Latvia, Lithuania, Portugal, Serbia, and Slovenia.
Many rising digital nations from Latin America are also behind the record-breaking international involvement, as are those from Central and Southeast Asia. Joining long-time GITEX GLOBAL participants such as China, Japan, South Korea, and India are several debutants – Singapore, Malaysia, Kazakhstan, and Kyrgyzstan amongst them.
While promoting international business development, entrepreneurship, and investment engagements to benefit enterprises, organisations, and SMEs alike, GITEX GLOBAL welcomes the European Innovation Council for the first time, Europe’s biggest deep-tech investor.
It will also see significant collaborations with global organisations from all continents, such as the European Innovation Council, Tech Destination Pakistan, IE University, University College London (UCL), Johns Hopkins University, the Massachusetts Institute of Technology (MIT), and key corporate ventures from leading tech enterprises such as Sony, Honda, Standard Chartered, QIC, and many more.
An action-packed agenda
Throughout its six-day duration, GITEX GLOBAL will become a microcosm of the world, launching industry-defining programmes such as GITEX Editions, an exclusive platform for late-stage advanced tech companies and a premier hub for unicorns, soonicorns and rhinos. In 2024, the event will connect 59 top global unicorns, such as Axelera, DeepL, Insilico Medicine, and Synthesis AI.
The World Future Economy Digital Leaders Summit is another must-attend show with global innovators and influential leaders set to address critical priorities shaping the future of technology. Additionally, GITEX Cyber Valley is this year’s most anticipated cybersecurity showcase – hosted by the UAE Cyber Security Council. With specialists forecasting that damage costs could reach $10.5 trillion annually by 2025, the show will present a power-packed conference agenda as the world’s most influential CISOs, CIOs, and GRC leaders to discuss the risks of global cybercrime.  
Leo Chen, Corporate Senior Vice President & President of Enterprise Sales at Huawei, which will be present with a flagship stand at the event, commented on the possibilities unlocked at the event for the industry: “GITEX GLOBAL offers a unique platform for us to engage in meaningful dialogues with industry peers about the trends and perspectives on industrial intelligence. We look forward to sharing our insights and learning from others to explore the endless possibilities of industrial digital and intelligent transformation.”
For more information on GITEX GLOBAL 2024 and to secure your passes, please visit www.gitex.com.
Follow GITEX Global on social media: Facebook  |Instagram  |X  |LinkedIn  |Youtube
Hashtag: #GITEXGLOBAL
About GITEX GLOBAL
GITEX GLOBAL, the world’s largest tech event, is returning for its 44th edition at Dubai World Trade Centre from 14-18 October 2024. The 2024 edition will feature 6,500 exhibitors, and welcome 200,000 tech executives from 180 countries, converging the best minds, future-focused government leaders, and the most visionary enterprises and start-ups to scrutinise, challenge, define, and empower the digital agendas of the world. Independently rated globally as the world’s best tech show, GITEX GLOBAL’s continued expansion is amplified by the launch of GITEX EUROPE Berlin, GITEX ASIA Singapore, and GITEX NIGERIA in 2025, as well as the growth of GITEX AFRICA Morocco leading up to its third record-breaking edition. More information: www.gitex.com
About Dubai World Trade Centre
A global business facilitator since 1979, Dubai World Trade Centre (DWTC) is home to the region’s leading purpose-built convention and exhibition centre. DWTC provides a platform for connecting people, products, innovation and ideas from around the world through a dynamic calendar of international trade exhibitions and its own roster of sector leading mega events. As a designated free zone, complemented by award-winning commercial real estate, DWTC plays an integral role in Dubai and the region’s growth story. Since its inauguration, DWTC has hosted over 6,000 events, with an estimated economic output of AED 248 billion, attracting over 38 million business visitors to Dubai.
Photo – https://mma.prnewswire.com/media/2529327/GITEX_GLOBAL_2024.jpg

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Huawei Showcases Intelligent Technologies at InnoTrans 2024

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BERLIN, Oct. 12, 2024 /PRNewswire/ — The 14th InnoTrans took place in Berlin, Germany from September 24 to 27. The theme of the event is “The future of mobility”. At this trade fair, with a focus on digital and intelligent transformation trends in rail transportation, Huawei showcased innovative applications of FRMCS(Future Railway Mobile Communication System), AI, cloud computing, IoT, and other cutting-edge technologies in the rail industry.

Railway, as a complex and huge system that always puts safety first, needs a unified digital and intelligent foundation alongside an industry ecosystem that consists of partners specializing in diverse domains to go digital and intelligent.
Jacky Wang, Vice President of Smart Transportation BU, Huawei, said that the global rail transportation industry is striding toward an era of broadband, cloud, and intelligence. “Aligning with this trend, Huawei has launched a One Cloud, One Network, Multi-Hub Solution to help the railway industry address challenges in network bandwidth, information system integration, and digital and intelligent transformation.”
Leveraging large models, AI, big data, and intelligent algorithms, this solution promotes intelligent upgrades across a wide range of professional domains, including train operation, locomotive, rolling stock. The goal is to help customers build safe, efficient, and green integrated transportation hubs, improving overall railway transportation quality and efficiency.
Jacky Wang emphasized that the reliable FRMCS features high bandwidth, wide coverage, and low latency, and is crucial for implementing broadband across rail transportation. He went on to explain that migrating services to the cloud is becoming increasingly popular as it allows for centralized use of IT resources and unified O&M, which can reduce investment costs.
“Big data and AI technologies tailored to specific scenarios will enhance the value of data, bolster service security, and increase efficiency in production management,” said Jacky Wang.
Currently, the solution has been deployed in various service scenarios like intelligent freight train inspection, intelligent scheduling in EMU depots, and smart railway perimeter detection, resulting in substantial benefits. Huawei’s scenario-specific solutions and partners are going global, too. They are continuously addressing the challenges faced by railway customers and generating value for the industry.
Up to now, Huawei has served more than 300 urban rail lines across 70 cities and more than 180,000 km of railways worldwide.

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Nomination Committee for the ASSA ABLOY 2025 Annual General Meeting

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STOCKHOLM, Oct. 11, 2024 /PRNewswire/ — The following representatives of ASSA ABLOY AB’s shareholders will be members of the Nomination Committee for the 2025 Annual General Meeting:

– Johan Menckel, Investment AB Latour, Chairman of the Nomination Committee
– Mikael Ekdahl, Melker Schörling AB
– Marianne Nilsson, Swedbank Robur Fonder
– Yvonne Sörberg, Handelsbanken Fonder
– Carina Silberg, Alecta
The Chairman of the Board, Johan Hjertonsson, has been co-opted to the Nomination Committee.
The Nomination Committee shall prepare proposals for the Annual General Meeting in 2025 regarding the election of Chairman of the General Meeting, members of the Board of Directors, Chairman of the Board, Vice Chairman of the Board, auditor, fees for the members of the Board including division between the Chairman, the Vice Chairman and the other Board members as well as fees for committee work, fees to the company’s auditor and, if necessary, changes to the instructions for the Nomination Committee.
The Annual General Meeting will be held on 23 April 2025, in Stockholm, Sweden.
Shareholders who wish to submit proposals to the Nomination Committee should send an email to [email protected].
For more information, please contact:Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72 Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68
About ASSA ABLOY
The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 61,000 employees and sales of SEK 141 billion. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA ABLOY’s innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world. 
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/assa-abloy/r/nomination-committee-for-the-assa-abloy-2025-annual-general-meeting,c4050379
The following files are available for download:
https://mb.cision.com/Main/7333/4050379/3050532.pdf
Press release (PDF)
 

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