North America Commercial Robots Market Size, Share & Industry Trends Analysis Report By Application (Medical & Healthcare, Defense & Security, Agriculture & Forestry, Marine and Others), By Type, By Country and Growth Forecast, 2023 - 2029
The North America Commercial Robots Market would witness market growth of 19.2% CAGR during the forecast period (2023-2029).
The increased recognition of the advantages of medical robotics in the healthcare industry has also accelerated the sector's growth. The healthcare sector strongly favors technological advancement. The main drivers of the market's expansion have been the IoT sector and robotics investments. Several basic operations are managed by robots in commercial applications, which emphasizes the importance of robotics. Demand for commercial robotics has increased during the previous ten years.
This is because robotics and artificial intelligence including localization, probabilistic inference, tracking, planning & search, and control are becoming convergent. Due to their advantages, including enemy tracking, use in combat zones for reconnaissance of uncharted areas or structures, force protection, assistance in the search for missing or hurt soldiers, and a real-time view of various missions, UAVs and drones are being adopted by the defense and military sectors. In addition, several cooperation between emerging countries for developing unmanned aerial vehicles is also being seen in the business.
Increased awareness of crop quality and innovative initiatives to bring innovation to the industry are two key trends in the regional market. The Precision Agricultural Connectivity Act was passed in 2018 to address the connectivity requirements of the precision agriculture industry in the US. The regulatory body assembled a task force to conduct research and make suggestions for policy regarding how to increase broadband internet connectivity in croplands. Also, the region has seen a surge in government incentives for employing cutting-edge agricultural technologies and an infrastructure upgrade. As a result of all these factors, the market is growing in the North America region.
The US market dominated the North America Commercial Robots Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $12,329 million by 2029. The Canada market is poised to grow at a CAGR of 21.9% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 20.9% during (2023 - 2029).
Based on Application, the market is segmented into Medical & Healthcare, Defense & Security, Agriculture & Forestry, Marine and Others. Based on Type, the market is segmented into Autonomous Guided Robotics, Medical Robots, Drones, Field Robots and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google LLC (Alphabet, Inc.), Omron Corporation, Boston Dynamics (Hyundai Motor Company), Northrop Grumman Corporation, iRobot Corporation (Amazon.com, Inc.), Kuka AG (Midea Investment Holding Co., Ltd.), Yaskawa Electric Corporation, Honda Motor Co. Ltd., Accuray Incorporated and AeroVironment, Inc.
Scope of the Study
Market Segments covered in the Report:
By Application
Medical & Healthcare
Defense & Security
Agriculture & Forestry
Marine
Others
By Type
Autonomous Guided Robotics
Medical Robots
Drones
Field Robots
Others
By Country
US
Canada
Mexico
Rest of North America
Companies Profiled
Google LLC (Alphabet, Inc.)
Omron Corporation
Boston Dynamics (Hyundai Motor Company)
Northrop Grumman Corporation
iRobot Corporation (Amazon.com, Inc.)
Kuka AG (Midea Investment Holding Co., Ltd.)
Yaskawa Electric Corporation
Honda Motor Co. Ltd.
Accuray Incorporated
AeroVironment, Inc.
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Commercial Robots Market, by Application
- 1.4.2 North America Commercial Robots Market, by Type
- 1.4.3 North America Commercial Robots Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition & Scenario
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.3 Top Winning Strategies
- 3.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2020, Aug – 2023, Mar) Leading Players
- Chapter 4. North America Commercial Robots Market by Application
- 4.1 North America Medical & Healthcare Market by Country
- 4.2 North America Defense & Security Market by Country
- 4.3 North America Agriculture & Forestry Market by Country
- 4.4 North America Marine Market by Country
- 4.5 North America Others Market by Country
- Chapter 5. North America Commercial Robots Market by Type
- 5.1 North America Autonomous Guided Robotics Market by Country
- 5.2 North America Medical Robots Market by Country
- 5.3 North America Drones Market by Country
- 5.4 North America Field Robots Market by Country
- 5.5 North America Others Market by Country
- Chapter 6. North America Commercial Robots Market by Country
- 6.1 US Commercial Robots Market
- 6.1.1 US Commercial Robots Market by Application
- 6.1.2 US Commercial Robots Market by Type
- 6.2 Canada Commercial Robots Market
- 6.2.1 Canada Commercial Robots Market by Application
- 6.2.2 Canada Commercial Robots Market by Type
- 6.3 Mexico Commercial Robots Market
- 6.3.1 Mexico Commercial Robots Market by Application
- 6.3.2 Mexico Commercial Robots Market by Type
- 6.4 Rest of North America Commercial Robots Market
- 6.4.1 Rest of North America Commercial Robots Market by Application
- 6.4.2 Rest of North America Commercial Robots Market by Type
- Chapter 7. Company Profiles
- 7.1 Google LLC (Alphabet, Inc.)
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Research & Development Expense
- 7.1.5 Recent strategies and developments:
- 7.1.5.1 Acquisition and Mergers:
- 7.1.6 SWOT Analysis
- 7.2 Omron Corporation
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental and Regional Analysis
- 7.2.4 Research & Development Expenses
- 7.2.5 Recent strategies and developments:
- 7.2.5.1 Product Launches and Product Expansions:
- 7.2.6 SWOT Analysis
- 7.3 Boston Dynamics (Hyundai Motor Company)
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 Research & Development Expense
- 7.3.5 Recent strategies and developments:
- 7.3.5.1 Partnerships, Collaborations, and Agreements:
- 7.3.5.2 Product Launches and Product Expansions:
- 7.4 Northrop Grumman Corporation
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental and Regional Analysis
- 7.4.4 Research and Development Expense
- 7.4.5 Recent strategies and developments:
- 7.4.5.1 Partnerships, Collaborations, and Agreements:
- 7.4.5.2 Acquisition and Mergers:
- 7.5 iRobot Corporation (Amazon.com, Inc.)
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Regional Analysis
- 7.5.4 Research & Development Expense
- 7.5.5 Recent strategies and developments:
- 7.5.5.1 Product Launches and Product Expansions:
- 7.6 Kuka AG (Midea Investment Holding Co., Ltd.)
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Segmental and Regional Analysis
- 7.6.4 Research & Development Expense
- 7.6.5 Recent strategies and developments:
- 7.6.5.1 Partnerships, Collaborations, and Agreements:
- 7.6.5.2 Product Launches and Product Expansions:
- 7.7 Yaskawa Electric Corporation
- 7.7.1 Company Overview
- 7.7.2 Financial Analysis
- 7.7.3 Segmental and Regional Analysis
- 7.7.4 Recent strategies and developments:
- 7.7.4.1 Product Launches and Product Expansions:
- 7.8 Honda Motor Co. Ltd.
- 7.8.1 Company Overview
- 7.8.2 Financial Analysis
- 7.8.3 Segmental and Regional Analysis
- 7.8.4 Research & Development Expense
- 7.8.5 Recent strategies and developments:
- 7.8.5.1 Partnerships, Collaborations, and Agreements:
- 7.9 Accuray Incorporated
- 7.9.1 Company Overview
- 7.9.2 Financial Analysis
- 7.9.3 Regional Analysis
- 7.9.4 Research & Development Expenses
- 7.9.5 Recent strategies and developments:
- 7.9.5.1 Product Launches and Product Expansions:
- 7.10. AeroVironment, Inc.
- 7.10.1 Company Overview
- 7.10.2 Financial Analysis
- 7.10.3 Segmental and Regional Analysis
- 7.10.4 Research & Development Expenses
- 7.10.5 Recent strategies and developments:
- 7.10.5.1 Product Launches and Product Expansions:
- 7.10.5.2 Acquisition and Mergers:
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