The U.S. in North America is projected to account for 90.3% of the market share by obtaining a value of US$ 285.4 million in 2023.

Rockville, Jan. 31, 2023 (GLOBE NEWSWIRE) -- The global spherical robot market is estimated to exceed US$ 1,647.0 Million by the end of 2023, by growing at an impressive CAGR of 7.6% over the assessment period of 2023-2033.

A spherical robot is a ball-shaped mobile robot with a spherical outer shape. A cylindrical shell serves as the body of a spherical robot, and an internal unit that drives, or the robot's IDU, gives it the ability to move. The majority of spherical mobile robots roll across the terrain.

Explosive inventory growth in developing countries is accelerating market growth. The increase in demand in the industry has a positive effect on the growth of the market. The market is also driven by the growth of start-up companies offering robotic solutions for warehouse automation.

The Europe regional market accounted for a significant portion due to increased adoption in end-user industries such as film and television, surveillance production, and broadcast automation.

Download a Free Sample Copy of this Report - https://www.factmr.com/connectus/sample?flag=S&rep_id=8286

Report Attributes	Details
Spherical Robot Market Size (2022A)	US$ 1,521.8 Million
Estimated Market Value (2023E)	US$ 1,647.0 Million
Forecast Market Value (2033F)	US$ 3,426.2 Million
Global Market Growth Rate (2023-2033)	7.6% CAGR
North America Market Share (2023)	19.2%
No. of Pages	170 Pages
No. of Tables	140 Tables
No. of Figures	119 Figures

Market Development

With the increasing use of robots, the industrial ecosystem is also looking for effective robots so that they are equipped with the required capabilities. Several types of spherical robots now have sensors, cameras, welding torches, collision sensors, etc., and are experiencing a surge in demand in a variety of applications.

Moreover, the presence of key players continuously engaged in research and development activities will boost product demand in the region during the forecast period estimated from 2023 to 2033.

Key Companies Profiled

• Midwest Engineered Systems.
• KUKA AG
• FANUC America Corporation
• SuperDroid Robots Inc.

Get Customization on this Report for Specific Research Solutions – https://www.factmr.com/connectus/sample?flag=RC&rep_id=8286

Key Takeaways from Study

• Global spherical robots market is poised to reach the valuation of US$ 3,426.2 Million by the end of 2033.
• The global spherical robots market witnessed a healthy CAGR of 5.4% during 2018 to 2022.
• By operation segment, autonomous operation is likely to account for 68.3% of revenue share by obtaining a valuation of US$ 1,124.2Million in 2023.
• South Asia & Oceania region is expected to register a CAGR of 9.7% over the forecast period, as it will be valued at US$ 200.9 Million by 2023 end.
• Under end use industry segment, electrical & electronics spherical robots is estimated to account for approximately a 28.5% share of aftermarket sub-segment in 2023.
• Germany in Europe region provides more revenue generation opportunities and is expected to capture a market share of 31.0% in 2023.

“Demand for autonomous spherical robot will rise in the future leading to consistent revenue generation” says a Fact.MR analyst

Segmentation of Spherical Robot Industry Research

• By Type :
  • Electric
  • Pneumatic
  • Hydraulic

• By Operation :
  • Autonomous
  • Remotely Piloted

• By Application :
  • Packaging
  • Palletizing
  • Material handling
  • Painting
  • Welding
  • Assembly
  • Inspection & Surveillance
  • Cutting
  • Dispensing

• By End-Use Industry :
  • Aerospace and Defense
  • Automotive
  • Chemicals & Materials
  • Electrical & Electronics
  • Food and Beverage
  • Healthcare
  • Mining & Oil & Gas
  • Retail & e-Commerce
  • Logistics & Warehousing
  • Packaging
  • Others

• By Region :
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and Oceania
  • Middle East & Africa

Explore Our Safe & Secure Payment Options for Quick Buy – https://www.factmr.com/checkout/8286

More Valuable Insights

Fact.MR, in its new offering, presents an unbiased analysis of the global Spherical Robots market, presenting historical demand data (2018-2022) and forecast statistics for the period of 2023-2033.

The study divulges essential insights on the market on the basis of type (electric, pneumatic, hydraulic), operation (e autonomous, remotely piloted), application (packaging, palletizing, material handling, painting, welding, assembly, inspection, cutting, dispensing), end use industry (aerospace and defense, automotive, chemicals & materials, electrical & electronics, food and beverage, healthcare, mining & oil & gas, retail & e-commerce, logistics & warehousing, packaging, others) and across six major regions (North America, Latin America, Europe, East Asia, South Asia and Oceania, The Middle East & Africa).

Check out more related studies published by Fact.MR Research: 

Robot Control System Market: The robot control system market is estimated to reach valuation of US$ 6.8 Billion in 2023 and will top US$ 19.9 Billion by 2033, growing with a CAGR of around 11.2% from 2023-2033. In 2023, the global robot market is estimated to be valued around US$ 38,654 million. Robot control systems is a vital part of the total robot market. In terms of value, sales of robot control systems accounted for nearly 17.8% share of the global robot market at the end of 2022.

Robot Kit Market: The global robot kits market is set to surpass a valuation of US$ 964.1 million in 2023 and further expand at a CAGR of 10.2% to reach US$ 2,546.5 million by the end of 2033. Sales of robot kits accounted for around 2.5% of the overall global robots market at the end of 2022.

DIY Robot Arm Market: The global DIY robot arm market will reach a valuation of US$ 928.5 million in 2023 and expected to progress at a CAGR of 8.2% to reach US$ 2,042 million by the end of 2033. Grippers segment will value around US$ 522.4 million in 2023. By capturing 28.5% market share of overall DIY robot arm market, 6 axes under the robot axes segment will value around US$ 264.6 million in 2023.

Robotic Hair Transplant System Market: Alopecia or hair loss is a chronic dermatology disease in which there is either partial or complete loss of hair from the scalp and other parts of the body. According to the National Alopecia Areata Foundation, approximately 6.8 million people in the United States and 147 million worldwide have developed alopecia at some point of time. A strong family history is one of the main reasons contributing towards pattern baldness or androgenic alopecia in both males and females.

Robot Cell Market: The global robot cell market will reach a valuation of US$ 42,567 million in 2023 and expected to progress at a CAGR of 10.2% to reach US$ 112,431.8 million by the end of 2033. Aluminium type of material will value around US$ 22,262.5 million and it will capture the market share 52.3% by 2023. By capturing 18.3% market share of overall robot cell market, material handling sub-segment under robotic application will value around US$ 7,772.7 million in 2023.

About Us:

We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client’s satisfaction.

Specialties: Competition Tracking, Customized Research, Syndicated Research, Investment Research, Social Media Research, Business Intelligence, Industry Analysis, Thought Leadership.

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Connect to Analyst: Shubham Patidar
Email : shubham@factmr.com   
Sales Team : sales@factmr.com
Follow Us: LinkedIn | Twitter | YouTube