Dublin, Aug. 13, 2024 (GLOBE NEWSWIRE) -- The "Measuring Robots - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Measuring Robots was valued at an estimated US$1.3 Billion in 2023 and is projected to reach US$4 Billion by 2030, growing at a CAGR of 17.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the measuring robot market is driven by several factors. One of the primary drivers is the increasing demand for automation in manufacturing and quality control processes, spurred by the need to enhance precision and reduce operational costs. The growing complexity of modern products, particularly in the aerospace and automotive industries, necessitates the use of advanced metrology solutions, thereby driving the adoption of measuring robots. Additionally, the rise in Industry 4.0 and smart manufacturing initiatives has led to the increased integration of measuring robots with IoT and other digital technologies, creating new opportunities for market expansion.
Consumer demand for high-quality products and stringent regulatory standards for product safety and performance are also significant factors propelling market growth. Furthermore, the continuous investment in research and development by leading robotics companies and the increasing awareness of the benefits of automated measurement solutions are accelerating the adoption of measuring robots. These factors collectively contribute to the robust growth and widespread adoption of measuring robots across various industries.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Automotive End-Use segment, which is expected to reach US$1.5 Billion by 2030 with a CAGR of a 18.8%. The Electronics & Semiconductor End-Use segment is also set to grow at 17.6% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $342.1 Million in 2023, and China, forecasted to grow at an impressive 16.2% CAGR to reach $604.8 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Market Trends & Drivers:
- Advances in AI and Machine Learning Propel Growth in Measurement Accuracy
- Enhanced Sensor Technologies Strengthen Business Case for Measuring Robots
- Integration with Industry 4.0 and IoT Expands Addressable Market Opportunity
- Increasing Complexity of Products Drives Adoption in Aerospace and Automotive Sectors
- Rising Demand for Automation in Manufacturing Impacts Market Dynamics
- Stringent Regulatory Standards Generate Demand for High-Precision Measurement Solutions
- Innovations in 3D Laser Scanning Technology Accelerates Demand
- Reduction in Operational Costs Drives Adoption of Automated Solutions
- Increasing Awareness of Benefits of Automated Measurement Sustains Growth
- Adoption of Smart Manufacturing Practices Boosts Market Expansion
- Expansion in Electronics Sector Generates Demand for Precision Measurement
- Evolution of Robotics Software Enhances Functionality and Market Appeal
- Technological Convergence with AR and VR Creates New Measurement Capabilities
- Labor Shortages in Key Industries Propel Growth in Automated Solutions
Key Questions Answered:
- How is the Global Measuring Robots Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ABB Ltd., Automated Precision Inc (API), Canonical Robots, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors Featured:
- ABB Ltd.
- Automated Precision Inc (API)
- Canonical Robots
- Carl Zeiss GOM Metrology GmbH
- CMO-SYS GMBH
- DIATEST Hermann Koltgen GmbH
- Hexagon AB
- Hilti, Inc.
- Metrologic Group Services, Inc.
- Trimble Construction
- Wiest AG
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 131 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $1.3 Billion |
| Forecasted Market Value (USD) by 2030 | $4 Billion |
| Compound Annual Growth Rate | 17.4% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/e7kpxh
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