What is the global market size of Cloud Robotics Market?

Cloud Robotics Market size was valued at USD 5.86 billion in 2021 and is poised to grow from USD 7.51 billion in 2022 to USD 54.45 billion by 2030, growing at a CAGR of 28.1% in the forecast period (2023-2030).

Who are the key vendors in the Cloud Robotics Market?

The competitive environment of the Cloud Robotics market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry. 'Fanuc Corporation (Japan)', 'Yaskawa Electric Corporation (Japan)', 'ABB Ltd. (Switzerland)', 'Kuka AG (Germany)', 'Kawasaki Heavy Industries Ltd. (Japan)', 'Mitsubishi Electric Corporation (Japan)', 'Denso Corporation (Japan)', 'Nachi-Fujikoshi Corp. (Japan)', 'Omron Corporation (Japan)', 'Universal Robots A/S (Denmark)', 'FANUC America Corporation (US)', 'Epson Robotics (Japan)', 'Staubli International AG (Switzerland)', 'YRG Inc. (US)', 'Comau S.p.A. (Italy)', 'Northrop Grumman Corporation (US)', 'Honda Motor Co., Ltd. (Japan)', 'Seiko Epson Corporation (Japan)', 'Yamaha Motor Co., Ltd. (Japan)', 'Adept Technology, Inc. (US)'.

Cloud Robotics Market Size, Share, Growth Analysis, By Component(Software, Services (Consulting Services, Implementation Services, Training and Support Services)), By Service Model(Infrastructure-As-A-Service, Platform-As-A-Service, Software-As-A-Service), By Application(Industrial Robots, Consumer Robots, Military Robots, Commercial Robots), By Deployment Model(Public Cloud, Private Cloud, Hybrid Cloud), By End-User(Verticals (Manufacturing, Defense, Banking, Financial Services), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45A2215 | Region: Global | Published Date: October, 2024
Pages: 197 | Tables: 121 | Figures: 77

Cloud Robotics Market News

In August 2022, Hyundai Motor Group made a tremendous contribution of USD 400 million closer to the status quo of the Boston Dynamics AI Institute, aiming to propel improvements in AI and robotics. The institute's middle assignment revolves round fostering essential development in synthetic intelligence, robotics, and wise machine technology. Its strategic recognition is on cognitive AI, athletic AI, and organic hardware design, every committed to pushing the limits of fairly state-of-the-art machines. This vast investment underscores Hyundai's commitment to riding innovation in AI and robotics, aiming to liberate new frontiers in technological development and gadget talents.

In August 2022, Max Super Speciality Hospital in Mohali delivered the Da Vinci Xi Surgical Robot, showcasing modern-day generation in India's healthcare landscape. This groundbreaking addition aligns with healthcare providers' commitment to prioritize affected person-targeted care, granting sufferers entry to top-tier scientific treatment. The incorporation of the Da Vinci Xi Surgical Robot represents a giant soar forward in imparting patients advanced and specific scientific interventions, underscoring a dedication to enhancing healthcare standards and leveraging contemporary era for progressed affected person effects.

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Cloud Robotics Market size was valued at USD 7.6 billion in 2022 and is poised to grow from USD 9.77 billion in 2023 to USD 72.6 billion by 2031, growing at a CAGR of 28.50% during the forecast period (2024-2031).

The competitive environment of the global cloud robotics market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry. 'Amazon Robotics (US) ', 'Google (US) ', 'Huawei (China) ', 'IBM (US) ', 'Microsoft (US) ', 'C2RO (Canada) ', 'Cloudminds (China) ', 'Hit Robot Group (China) ', 'V3 Smart Technologies (Canada) ', 'Rapyuta Robotics (Japan) ', 'Ortelio (US) ', 'Tend (US) ', 'ABB Ltd. (Switzerland) ', 'NVIDIA Corporation (US) ', 'KUKA AG (Germany) ', 'Omron Corporation (Japan) ', 'Robot Operating System (ROS) - Open Source (Global) ', 'Fetch Robotics, Inc. (US) ', 'SoftBank Robotics (Japan) ', 'Blue Ocean Robotics (Denmark) ', 'Cyberdyne Inc. (Japan) ', 'Yaskawa Electric Corporation (Japan)'

The evolution of cloud computing, big statistics analytics, and other emergent technologies has facilitated a large integration between cloud technology and robotic systems. This integration has unlocked the functionality to craft multi-robotic systems boasting incredible performance and complexity. The burgeoning adoption of the Internet of Things (IoT) and full-size investments in robotics have emerged as principal catalysts propelling the enlargement of industrial robotics.

The fast progress in AI and system studying has heralded a new technology of opportunities in the robotics market. Integrating these contemporary technologies with robots has revolutionized their competencies, permitting them to execute difficult duties with incredible precision and efficiency. This integration has paved the manner for a transformative shift, empowering robots to adopt complex operations that had been once deemed difficult or unfeasible. Particularly, the emergence of collaborative robots, referred to as cobots, has substantially extended the spectrum of applications in which robots can be efficiently deployed.

During the forecast length, North America is projected to assert the dominant proportion within the cloud robotics market, normally thanks to several key elements. The region's prominence stems from web hosting a majority of leading carriers like IBM, Microsoft, Google, and Amazon Robotics, pivotal players renowned for his or her contributions to cloud robotics. Additionally, North America is anticipated to spearhead the marketplace due to its standing as the most advanced area in cloud infrastructure, synthetic intelligence (AI), and machine getting to know technology.

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