Robotics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2021-2031

The Global Robotics Market is projected to expand significantly, growing from USD 68.56 Billion in 2025 to USD 121.13 Billion by 2031 at a compound annual growth rate (CAGR) of 9.95%. This sector involves the engineering, manufacturing, and implementation of programmable automated systems that function with varying levels of autonomy. The market's upward trajectory is fundamentally supported by structural necessities rather than temporary technological trends; these include the critical need to address global labor shortages, the demand for improved operational efficiency, and strict requirements for ensuring worker safety in hazardous environments. Underscoring this growth, the International Federation of Robotics reported that a total of 542,000 industrial robots were installed globally in 2024.

Despite these favorable drivers, the industry faces a major obstacle in the form of high initial capital expenditures required for deployment. The substantial costs associated with purchasing robotic hardware, along with expenses for system integration, programming, and specialized personnel training, can be prohibitive for small and medium-sized enterprises. This financial barrier often delays the return on investment and limits access for resource-constrained organizations, acting as a significant restraint on the broader expansion of the robotics sector.

Market Drivers

The integration of Artificial Intelligence (AI) and Advanced Machine Learning is fundamentally transforming the Global Robotics Market by shifting systems from static execution to adaptive, cognitive autonomy. This technological evolution allows automated units to optimize workflows in real-time and navigate unstructured environments, significantly broadening their utility beyond traditional manufacturing. The urgency of this adoption is highlighted by Rockwell Automation's '9th Annual State of Smart Manufacturing Report' from March 2024, which indicates that 83% of manufacturers plan to utilize Generative AI in their operations within the year. This influx of intelligent capabilities enables the deployment of self-correcting robotic fleets, directly addressing the demand for enhanced efficiency in complex settings.

Concurrently, rising global labor costs and critical workforce shortages serve as a primary structural catalyst, compelling industries to adopt automation as a vital measure for business continuity. As demographic shifts reduce the available talent pool, organizations are increasingly reliant on robotics to maintain production output. The National Association of Manufacturers noted in their 'Manufacturers’ Outlook Survey First Quarter 2024' that over 65% of industrial respondents cited the inability to attract and retain employees as their top challenge. This workforce deficit has accelerated the accumulation of automated assets, with the International Federation of Robotics reporting in September 2024 that the global operational stock of industrial robots reached a record 4,281,585 units.

Market Challenges

The high initial capital expenditures necessary for deployment constitute a formidable barrier hampering the growth of the Global Robotics Market. This financial challenge encompasses not only the standalone cost of robotic hardware but also significant expenses for systems integration, peripheral safety equipment, and the training of specialized personnel. For small and medium-sized enterprises, these cumulative upfront costs often exceed available liquidity, effectively locking them out of automation opportunities despite the clear long-term operational advantages. Consequently, the high investment threshold delays the return on investment and forces many budget-constrained organizations to defer modernization initiatives.

The restrictive impact of these capital demands is evident in market performance when investment climates tighten. The inability to secure affordable capital for such intensive projects leads to immediate contractions in procurement. According to the Association for Advancing Automation, robot orders in North America decreased by approximately 8 percent in the first half of 2024 compared to the same period in the previous year. This decline underscores how financial barriers directly impede market momentum, preventing the sector from realizing its full expansion potential.

Market Trends

The commercialization and pilot testing of general-purpose humanoid robots represent a major evolution in hardware form factors, transitioning units from research labs to functional deployment in industrial facilities. This trend targets the automation of tasks within human-centric infrastructures, allowing bi-pedal machines to operate in existing environments without requiring costly physical retrofits. The momentum behind this development is underscored by substantial capital injections aimed at scaling manufacturing capabilities; for instance, Figure AI announced in a February 2024 press release that it secured $675 million in funding at a $2.6 billion valuation to accelerate the timeline for bringing its humanoid workers to commercial markets.

Simultaneously, the widespread deployment of Autonomous Mobile Robots (AMRs) in intralogistics is reshaping supply chain fulfillment strategies. Moving beyond fixed-path navigation, these systems utilize advanced mapping to dynamically transport goods in unstructured warehouse environments, significantly increasing throughput for e-commerce operators. The operational scale of this technology has reached unprecedented levels as retailers prioritize speed and accuracy. According to a May 2024 announcement by Locus Robotics, their global fleet of AMRs surpassed the 3 billion units picked milestone, demonstrating the critical volume of tasks now managed by mobile robotic fleets in real-world logistics operations.

Key Players Profiled in the Robotics Market

• ABB
• Blue Ocean Robotics
• Brain Corporation
• Dematic
• DJI
• Fanuc
• Honeywell International
• Intuitive Surgical Operations
• iRobot
• Kawasaki

Report Scope

In this report, the Global Robotics Market has been segmented into the following categories:

Robotics Market, by Component:

• Hardware
• Software

Robotics Market, by Type:

• Articulated
• Cartesian
• SCARA
• Cylindrical
• Others

Robotics Market, by Application:

• Disinfection
• Shelf Scanning
• RFID Scanning
• Delivery
• Security & Inspection

Robotics Market, by Industry Vertical:

• Manufacturing
• Automotive
• Retail
• Healthcare
• Electronics
• Others

Robotics Market, by Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Robotics Market.

Available Customization

The analyst offers customization according to your specific needs. The following customization options are available for the report:

• Detailed analysis and profiling of additional market players (up to five).

This product will be delivered within 1-3 business days.