The global micro-robots market is expected to grow progressively with a CAGR of 65.1% during 2018-2024. The growth is primarily attributed to the increasing demand for surgical micro-robots, technological advancements in manufacturing sector, and increasing usage of smart phones and tablets. Electronic devices such as smart phones require precision manufacturing to perform detail-oriented tasks, which has led to the rapid increase in the adoption of micro-robots. Moreover, increasing adoption of robotic technology in medical field is further boosting the market growth.
The years used for the assessment are as follows:
- Historical year : 2014, 2015 and 2016
- Base year : 2017
- Forecast period : 2018 – 2024
RESEARCH METHODOLOGY
The research and analysis is based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are:
- Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources
- Interacting with key opinion leaders of the market and developing data points based on interaction with them
- Study of past trends in the market and their year on year impact on the market size and share
- Analyzing the collected data points
- Bridging the data points to calculate the total micro-robots market and it various segments
- Anticipating potential risks
- Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the global micro-robots market.
- Finalizing the overall size and share for the global micro-robots market
OBJECTIVES:
- To classify the global micro-robots market into segments on the basis of mode of operation, manufacturing material, applications, end-use, and region and analyze their growth prospects individually
- To analyze market trends, opportunities, drivers and restraints associated with the global micro-robots market
- Profiling key companies operating in the global micro-robots market
- To study market response with respect to the mergers and acquisitions in the industry
MARKET SCOPE
The research scope for global micro-robots market is as follows:
By Mode of Operation
- Semi-Autonomous
- Autonomous
- Tele-Operated
- Others
By Manufacturing Material
- Bio compatible hydrogels
- Magnetic nano-particles
By Application
- Equipment Maintenance
- Surface Defect Detection
- Mobile Sensor Networks
- Monitoring/ Surveillance
- Search and Rescue
- Sophisticated Manufacturing
- Surgeries
- Telemetry
- Material Removal
- Targeted Therapy
- Controllable Structure
- Others
By End-Use
- Military
- Medical & Healthcare
- Automotive
- Others
By Region
- North America
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- South Korea
- Rest of APAC
- Rest of the World (RoW)
- Central and South America
- Middle East and Africa