Global Commercial Robotics Market to Reach $34.2 Billion by 2027
Amid the COVID-19 crisis, the global market for Commercial Robotics estimated at US$8.8 Billion in the year 2020, is projected to reach a revised size of US$34.2 Billion by 2027, growing at a CAGR of 21.4% over the analysis period 2020-2027. Medical Robots, one of the segments analyzed in the report, is projected to record a 23.3% CAGR and reach US$14.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Autonomous Guided Robots segment is readjusted to a revised 19.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.6 Billion, While China is Forecast to Grow at 20.8% CAGR
The Commercial Robotics market in the U.S. is estimated at US$2.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.9 Billion by the year 2027 trailing a CAGR of 20.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19.2% and 18% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.8% CAGR.
Drones Segment to Record 21.7% CAGR
In the global Drones segment, USA, Canada, Japan, China and Europe will drive the 21.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.2 Billion in the year 2020 will reach a projected size of US$4.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4 Billion by the year 2027.
Select Competitors (Total 41 Featured):
Amid the COVID-19 crisis, the global market for Commercial Robotics estimated at US$8.8 Billion in the year 2020, is projected to reach a revised size of US$34.2 Billion by 2027, growing at a CAGR of 21.4% over the analysis period 2020-2027. Medical Robots, one of the segments analyzed in the report, is projected to record a 23.3% CAGR and reach US$14.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Autonomous Guided Robots segment is readjusted to a revised 19.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.6 Billion, While China is Forecast to Grow at 20.8% CAGR
The Commercial Robotics market in the U.S. is estimated at US$2.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.9 Billion by the year 2027 trailing a CAGR of 20.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19.2% and 18% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.8% CAGR.
Drones Segment to Record 21.7% CAGR
In the global Drones segment, USA, Canada, Japan, China and Europe will drive the 21.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.2 Billion in the year 2020 will reach a projected size of US$4.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4 Billion by the year 2027.
Select Competitors (Total 41 Featured):
- 3D Robotics, Inc. (3DR)
- Accuray, Inc.
- Amazon Robotics
- Honda Motor Co., Ltd.
- Intuitive Surgical, Inc.
- iRobot Corporation
- KUKA AG
- Omron Adept Technologies, Inc.
- Yaskawa Electric Corporation
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Commercial Robotics Market on a High Growth Trajectory
- Impact of Covid-19 and a Looming Global Recession
- Few Mergers and Acquisitions of Select Players
- Increase in Industrial Automation Investments to Bode Well for Market Growth
- Exhibit 1: Five Largest Funding Investments in Robotics: August 2018
- Exhibit 2: Total Robotic Stock in Thousands by Select Countries: 2000-2016
- Efficiency of Robots in Solving Wide Range of World Problems, Ranging From Food to Crime to Bode Well for Market Growth
- Robotics in Healthcare
- A Prelude into Agricultural Robots
- Innovations to Spur Market Growth
- Table 1: World Current & Future Analysis for Commercial Robotics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 2: World 7-Year Perspective for Commercial Robotics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027
- Table 3: World Current & Future Analysis for Medical Robots by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 4: World 7-Year Perspective for Medical Robots by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- Table 5: World Current & Future Analysis for Autonomous Guided Robots by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 6: World 7-Year Perspective for Autonomous Guided Robots by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- Table 7: World Current & Future Analysis for Drones by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 8: World 7-Year Perspective for Drones by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- Table 9: World Current & Future Analysis for Field Robots by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 10: World 7-Year Perspective for Field Robots by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- Table 11: World Current & Future Analysis for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 12: World 7-Year Perspective for Other Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- Table 13: World Current & Future Analysis for Defense, Rescue, & Security by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 14: World 7-Year Perspective for Defense, Rescue, & Security by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- Table 15: World Current & Future Analysis for Agriculture & Forestry by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 16: World 7-Year Perspective for Agriculture & Forestry by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- Table 17: World Current & Future Analysis for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 18: World 7-Year Perspective for Healthcare by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- Table 19: World Current & Future Analysis for Marine by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 20: World 7-Year Perspective for Marine by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- Table 21: World Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 22: World 7-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- UNITED STATES
- Table 23: USA Current & Future Analysis for Commercial Robotics by Type - Medical Robots, Autonomous Guided Robots, Drones, Field Robots and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 24: USA 7-Year Perspective for Commercial Robotics by Type - Percentage Breakdown of Value Sales for Medical Robots, Autonomous Guided Robots, Drones, Field Robots and Other Types for the Years 2020 & 2027
- Table 25: USA Current & Future Analysis for Commercial Robotics by Application - Defense, Rescue, & Security, Agriculture & Forestry, Healthcare, Marine and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 26: USA 7-Year Perspective for Commercial Robotics by Application - Percentage Breakdown of Value Sales for Defense, Rescue, & Security, Agriculture & Forestry, Healthcare, Marine and Other Applications for the Years 2020 & 2027
- CANADA
- Table 27: Canada Current & Future Analysis for Commercial Robotics by Type - Medical Robots, Autonomous Guided Robots, Drones, Field Robots and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 28: Canada 7-Year Perspective for Commercial Robotics by Type - Percentage Breakdown of Value Sales for Medical Robots, Autonomous Guided Robots, Drones, Field Robots and Other Types for the Years 2020 & 2027
- Table 29: Canada Current & Future Analysis for Commercial Robotics by Application - Defense, Rescue, & Security, Agriculture & Forestry, Healthcare, Marine and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 30: Canada 7-Year Perspective for Commercial Robotics by Application - Percentage Breakdown of Value Sales for Defense, Rescue, & Security, Agriculture & Forestry, Healthcare, Marine and Other Applications for the Years 2020 & 2027
- JAPAN
- Table 31: Japan Current & Future Analysis for Commercial Robotics by Type - Medical Robots, Autonomous Guided Robots, Drones, Field Robots and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 32: Japan 7-Year Perspective for Commercial Robotics by Type - Percentage Breakdown of Value Sales for Medical Robots, Autonomous Guided Robots, Drones, Field Robots and Other Types for the Years 2020 & 2027
- Table 33: Japan Current & Future Analysis for Commercial Robotics by Application - Defense, Rescue, & Security, Agriculture & Forestry, Healthcare, Marine and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 34: Japan 7-Year Perspective for Commercial Robotics by Application - Percentage Breakdown of Value Sales for Defense, Rescue, & Security, Agriculture & Forestry, Healthcare, Marine and Other Applications for the Years 2020 & 2027
- CHINA
- Table 35: China Current & Future Analysis for Commercial Robotics by Type - Medical Robots, Autonomous Guided Robots, Drones, Field Robots and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 36: China 7-Year Perspective for Commercial Robotics by Type - Percentage Breakdown of Value Sales for Medical Robots, Autonomous Guided Robots, Drones, Field Robots and Other Types for the Years 2020 & 2027
- Table 37: China Current & Future Analysis for Commercial Robotics by Application - Defense, Rescue, & Security, Agriculture & Forestry, Healthcare, Marine and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 38: China 7-Year Perspective for Commercial Robotics by Application - Percentage Breakdown of Value Sales for Defense, Rescue, & Security, Agriculture & Forestry, Healthcare, Marine and Other Applications for the Years 2020 & 2027
- EUROPE
- Table 39: Europe Current & Future Analysis for Commercial Robotics by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 40: Europe 7-Year Perspective for Commercial Robotics by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020 & 2027
- Table 41: Europe Current & Future Analysis for Commercial Robotics by Type - Medical Robots, Autonomous Guided Robots, Drones, Field Robots and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 42: Europe 7-Year Perspective for Commercial Robotics by Type - Percentage Breakdown of Value Sales for Medical Robots, Autonomous Guided Robots, Drones, Field Robots and Other Types for the Years 2020 & 2027
- Table 43: Europe Current & Future Analysis for Commercial Robotics by Application - Defense, Rescue, & Security, Agriculture & Forestry, Healthcare, Marine and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 44: Europe 7-Year Perspective for Commercial Robotics by Application - Percentage Breakdown of Value Sales for Defense, Rescue, & Security, Agriculture & Forestry, Healthcare, Marine and Other Applications for the Years 2020 & 2027
- FRANCE
- Table 45: France Current & Future Analysis for Commercial Robotics by Type - Medical Robots, Autonomous Guided Robots, Drones, Field Robots and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 46: France 7-Year Perspective for Commercial Robotics by Type - Percentage Breakdown of Value Sales for Medical Robots, Autonomous Guided Robots, Drones, Field Robots and Other Types for the Years 2020 & 2027
- Table 47: France Current & Future Analysis for Commercial Robotics by Application - Defense, Rescue, & Security, Agriculture & Forestry, Healthcare, Marine and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 48: France 7-Year Perspective for Commercial Robotics by Application - Percentage Breakdown of Value Sales for Defense, Rescue, & Security, Agriculture & Forestry, Healthcare, Marine and Other Applications for the Years 2020 & 2027
- GERMANY
- Table 49: Germany Current & Future Analysis for Commercial Robotics by Type - Medical Robots, Autonomous Guided Robots, Drones, Field Robots and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 50: Germany 7-Year Perspective for Commercial Robotics by Type - Percentage Breakdown of Value Sales for Medical Robots, Autonomous Guided Robots, Drones, Field Robots and Other Types for the Years 2020 & 2027
- Table 51: Germany Current & Future Analysis for Commercial Robotics by Application - Defense, Rescue, & Security, Agriculture & Forestry, Healthcare, Marine and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 52: Germany 7-Year Perspective for Commercial Robotics by Application - Percentage Breakdown of Value Sales for Defense, Rescue, & Security, Agriculture & Forestry, Healthcare, Marine and Other Applications for the Years 2020 & 2027
- ITALY
- Table 53: Italy Current & Future Analysis for Commercial Robotics by Type - Medical Robots, Autonomous Guided Robots, Drones, Field Robots and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 54: Italy 7-Year Perspective for Commercial Robotics by Type - Percentage Breakdown of Value Sales for Medical Robots, Autonomous Guided Robots, Drones, Field Robots and Other Types for the Years 2020 & 2027
- Table 55: Italy Current & Future Analysis for Commercial Robotics by Application - Defense, Rescue, & Security, Agriculture & Forestry, Healthcare, Marine and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 56: Italy 7-Year Perspective for Commercial Robotics by Application - Percentage Breakdown of Value Sales for Defense, Rescue, & Security, Agriculture & Forestry, Healthcare, Marine and Other Applications for the Years 2020 & 2027
- UNITED KINGDOM
- Table 57: UK Current & Future Analysis for Commercial Robotics by Type - Medical Robots, Autonomous Guided Robots, Drones, Field Robots and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 58: UK 7-Year Perspective for Commercial Robotics by Type - Percentage Breakdown of Value Sales for Medical Robots, Autonomous Guided Robots, Drones, Field Robots and Other Types for the Years 2020 & 2027
- Table 59: UK Current & Future Analysis for Commercial Robotics by Application - Defense, Rescue, & Security, Agriculture & Forestry, Healthcare, Marine and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 60: UK 7-Year Perspective for Commercial Robotics by Application - Percentage Breakdown of Value Sales for Defense, Rescue, & Security, Agriculture & Forestry, Healthcare, Marine and Other Applications for the Years 2020 & 2027
- REST OF EUROPE
- Table 61: Rest of Europe Current & Future Analysis for Commercial Robotics by Type - Medical Robots, Autonomous Guided Robots, Drones, Field Robots and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 62: Rest of Europe 7-Year Perspective for Commercial Robotics by Type - Percentage Breakdown of Value Sales for Medical Robots, Autonomous Guided Robots, Drones, Field Robots and Other Types for the Years 2020 & 2027
- Table 63: Rest of Europe Current & Future Analysis for Commercial Robotics by Application - Defense, Rescue, & Security, Agriculture & Forestry, Healthcare, Marine and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 64: Rest of Europe 7-Year Perspective for Commercial Robotics by Application - Percentage Breakdown of Value Sales for Defense, Rescue, & Security, Agriculture & Forestry, Healthcare, Marine and Other Applications for the Years 2020 & 2027
- ASIA-PACIFIC
- Table 65: Asia-Pacific Current & Future Analysis for Commercial Robotics by Type - Medical Robots, Autonomous Guided Robots, Drones, Field Robots and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 66: Asia-Pacific 7-Year Perspective for Commercial Robotics by Type - Percentage Breakdown of Value Sales for Medical Robots, Autonomous Guided Robots, Drones, Field Robots and Other Types for the Years 2020 & 2027
- Table 67: Asia-Pacific Current & Future Analysis for Commercial Robotics by Application - Defense, Rescue, & Security, Agriculture & Forestry, Healthcare, Marine and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 68: Asia-Pacific 7-Year Perspective for Commercial Robotics by Application - Percentage Breakdown of Value Sales for Defense, Rescue, & Security, Agriculture & Forestry, Healthcare, Marine and Other Applications for the Years 2020 & 2027
- REST OF WORLD
- Table 69: Rest of World Current & Future Analysis for Commercial Robotics by Type - Medical Robots, Autonomous Guided Robots, Drones, Field Robots and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 70: Rest of World 7-Year Perspective for Commercial Robotics by Type - Percentage Breakdown of Value Sales for Medical Robots, Autonomous Guided Robots, Drones, Field Robots and Other Types for the Years 2020 & 2027
- Table 71: Rest of World Current & Future Analysis for Commercial Robotics by Application - Defense, Rescue, & Security, Agriculture & Forestry, Healthcare, Marine and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 72: Rest of World 7-Year Perspective for Commercial Robotics by Application - Percentage Breakdown of Value Sales for Defense, Rescue, & Security, Agriculture & Forestry, Healthcare, Marine and Other Applications for the Years 2020 & 2027
- Total Companies Profiled: 41
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