Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

The global robotics market reached a value of US$ 23.6 Billion in 2020. Robotics is an interdisciplinary branch of artificial intelligence (AI) that studies the conception, operation, design and manufacturing of robots. It involves different fields of electrical and mechanical engineering and computer science. Robots refer to multifunctional, automatic and re-programmable industrial machines, which can be embedded with a variety of high-tech devices, such as visual, tactile and audio sensors. They are designed to perform several tasks automatically with speed, intelligence and accuracy. The essential components of a robot are body or frame, control system, manipulators and drivetrain. The R&D in the field of robotics enables the development of versatile robots that can perform tasks across various industries, including healthcare, aerospace, defense and automotive. The emergence of this technology has facilitated producers and service providers across the globe with convenience, increased output level, reduced human errors, enhanced quality and process automation.

Over the past few years, market players have been introducing high-quality, innovative robotic technologies in the industrial sector, where these are used for warehousing, manufacturing, and assembling applications. Some of these innovations include underwater robotics, human-robot interaction, legged mobility, machine learning (ML), and self-driving vehicles. Besides this, there has been a significant increase in cybersecurity threats as robots are becoming more connected with internal data systems. Owing to this, organizations and firms across the globe have been investing heavily in research and development (R&D) activities to address the current vulnerabilities while ensuring safe, secure and reliable production. Furthermore, AI and robotic technologies are largely used in the healthcare sector on account of the rising need of surgical robotics, and growth in lab and pharmacy automation. Also, there has been an escalating demand for collaborative robots to avoid any possible errors. These robots can operate alongside humans and are considerably cheaper than their industrial counterparts. On account of the aforementioned factors, the publisher expects the global robotics market to exhibit strong growth during the next five years.

Breakup by Product Type:

Industrial
Service

At present, service robots are the most popular in the industry.

Regional Insights:

North America
Europe
Asia Pacific
Latin America
Others

On the basis of regions, North America represents the biggest market for robotics, accounting for the majority of the total market share. This can be attributed to the growing investments in automation, rapid adoption of new technologies, and the rising demand for industrial production and manufacturing.

Competitive Landscape:

The report has also analyzed the competitive landscape of the market. Some of the key players operating in the market include ABB Group, KUKA AG, FANUC Corporation and Yaskawa Electric Corporation.

Key Questions Answered in This Report:

How has the global robotics market performed so far, and how will it perform in the coming years?
What has been the impact of COVID-19 on the global robotics market?
What are the key regions in the market?
Which are the popular product types in the market?
What are the various stages in the value chain of the global robotics market?
What are the key driving factors and challenges in the global robotics market?
What is the structure of the global robotics market, and who are the key players?
What is the degree of competition in the global robotics market?
How are robotics manufactured?

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview
4.2 Key Industry Trends

5 Global Robotics Market

5.1 Market Overview
5.2 Key Market Drivers and Success Factors
5.3 Market Performance
5.3.1 Historical and Current Market Trends
5.3.2 Market Breakup by Product Type
5.3.3 Market Breakup by Region
5.3.4 Market Forecast
5.4 Impact of COVID-19
5.5 SWOT Analysis
5.5.1 Overview
5.5.2 Strengths
5.5.3 Weaknesses
5.5.4 Opportunities
5.5.5 Threats
5.6 Value Chain Analysis
5.7 Porter’s Five Forces Analysis
5.7.1 Overview
5.7.2 Bargaining Power of Buyers
5.7.3 Bargaining Power of Suppliers
5.7.4 Degree of Competition
5.7.5 Threat of New Entrants
5.7.6 Threat of Substitutes

6 Global Robotics Market by Product Type

6.1 Introduction
6.1.1 Industrial Robots and Service Robots
6.1.2 Key Market Trends and Developments
6.2 Global Industrial Robotics Market
6.2.1 Market Overview
6.2.2 Historical and Current Market Trends
6.2.3 Market Breakup by Type
6.2.3.1 Articulated Robots
6.2.3.1.1 Historical and Current Market Trends
6.2.3.1.2 Market Forecast
6.2.3.2 Cartesian Robots
6.2.3.2.1 Historical and Current Market Trends
6.2.3.2.2 Market Forecast
6.2.3.3 SCARA Robots
6.2.3.3.1 Historical and Current Market Trends
6.2.3.3.2 Market Forecast
6.2.3.4 Cylindrical Robots
6.2.3.4.1 Historical and Current Market Trends
6.2.3.4.2 Market Forecast
6.2.3.5 Others
6.2.3.5.1 Historical and Current Market Trends
6.2.3.5.2 Market Forecast
6.2.4 Market Forecast
6.2.5 Trade Data
6.3 Global Service Robotics Market
6.3.1 Market Overview
6.3.2 Historical and Current Market Trends
6.3.3 Market Breakup by Type
6.3.3.1 Personal and Domestic Robots Market
6.3.3.1.1 Historical and Current Market Trends
6.3.3.1.2 Market Forecast
6.3.3.2 Professional Robots Market
6.3.3.2.1 Historical and Current Market Trends
6.3.3.2.2 Market Forecast
6.3.4 Market Breakup by Applications
6.3.4.1 Household Applications
6.3.4.1.1 Historical and Current Market Trends
6.3.4.1.2 Market Forecast
6.3.4.2 Entertainment Applications
6.3.4.2.1 Historical and Current Market Trends
6.3.4.2.2 Market Forecast
6.3.4.3 Defence Applications
6.3.4.3.1 Historical and Current Market Trends
6.3.4.3.2 Market Forecast
6.3.4.4 Field Applications
6.3.4.4.1 Historical and Current Market Trends
6.3.4.4.2 Market Forecast
6.3.4.5 Logistics Applications
6.3.4.5.1 Historical and Current Market Trends
6.3.4.5.2 Market Forecast
6.3.4.6 Healthcare Applications
6.3.4.6.1 Historical and Current Market Trends
6.3.4.6.2 Market Forecast
6.3.4.7 Infrastructure Applications
6.3.4.7.1 Historical and Current Market Trends
6.3.4.7.2 Market Forecast
6.3.4.8 Mobile Platform Applications
6.3.4.8.1 Historical and Current Market Trends
6.3.4.8.2 Market Forecast
6.3.4.9 Cleaning Applications
6.3.4.9.1 Historical and Current Market Trends
6.3.4.9.2 Market Forecast
6.3.4.10 Others
6.3.4.10.1 Historical and Current Market Trends
6.3.4.10.2 Market Forecast
6.3.5 Market Forecast

7 Global Robotics Market by Region

7.1 North America
7.1.1 Market Overview
7.1.2 Historical and Current Market Trends
7.1.3 Market Breakup by Product Type
7.1.4 Market Forecast
7.2 Europe
7.2.1 Market Overview
7.2.2 Historical and Current Market Trends
7.2.3 Market Breakup by Product Type
7.2.4 Market Forecast
7.3 Asia Pacific
7.3.1 Market Overview
7.3.2 Historical and Current Market Trends
7.3.3 Market Breakup by Product Type
7.3.4 Market Forecast
7.4 Latin America
7.4.1 Market Overview
7.4.2 Historical and Current Market Trends
7.4.3 Market Breakup by Product Type
7.4.4 Market Forecast
7.5 Other Markets
7.5.1 Market Overview
7.5.2 Historical and Current Market Trends
7.5.3 Market Breakup by Product Type
7.5.4 Market Forecast

8 Competitive Landscape

8.1 Market Structure
8.2 Market Breakup by Key Players
8.3 Key Player Profiles

List of Figures

Figure 1: Robots: Basic Components of a Robot and their Functionality
Figure 2: Global: Robotics Market: Sales Volume (in ‘000 Units), 2015-2020
Figure 3: Global: Robotics Market: Breakup by Product Type (in %), 2020
Figure 4: Global: Robotics Market: Breakup by Region (in %), 2020
Figure 5: Global: Robotics Market Forecast: Sales Volume (in ‘000 Units), 2021-2026
Figure 6: Global: Robotics Industry: SWOT Analysis
Figure 7: Global: Robotics Industry: Value Chain Analysis
Figure 8: Global: Robotics Market: Porter’s Five Forces Analysis
Figure 9: Global: Robotics Market: Types of Robots
Figure 10: Global: Industrial Robotics Market: Sales Volume (in Units), 2015-2020
Figure 11: Global: Industrial Robots Market: Breakup by Type (in %), 2020
Figure 12: Global: Industrial (Articulated) Robots Market: Sales Volume (in Units), 2015-2020
Figure 13: Global: Industrial (Articulated) Robots Market Forecast: Sales Volume (in Units), 2021-2026
Figure 14: Global: Industrial (Cartesian) Robots Market: Sales Volume (in Units), 2015-2020
Figure 15: Global: Industrial (Cartesian) Robots Market Forecast: Sales Volume (in Units), 2021-2026
Figure 16: Global: Industrial (SCARA) Robots Market: Sales Volume (in Units), 2015-2020
Figure 17: Global: Industrial (SCARA) Robots Market Forecast: Sales Volume (in Units), 2021-2026
Figure 18: Global: Industrial (Cylindrical) Robots Market: Sales Volume (in Units), 2015-2020
Figure 19: Global: Industrial (Cylindrical) Robots Market Forecast: Sales Volume (in Units), 2021-2026
Figure 20: Global: Industrial (Other Types) Robots Market: Sales Volume (in Units), 2015-2020
Figure 21: Global: Industrial (Other Types) Robots Market Forecast: Sales Volume (in Units), 2021-2026
Figure 22: Global: Industrial Robotics Market Forecast: Sales Volume (in Units), 2021-2026
Figure 23: Global: Industrial Robots Market: Breakup by Type (in %), 2026
Figure 24: Global: Industrial Robotics Market: Export Volume Breakup by Country (in %)
Figure 25: Global: Industrial Robotics Market: Import Volume Breakup by Country (in %)
Figure 26: Global: Service Robots Market: Sales Volume (in ‘000 Units), 2015-2020
Figure 27: Global: Service Robots Market: Breakup by Robot Type (in %), 2020
Figure 28: Global: Service (Personal and Domestic) Robots Market: Sales Volume (in ‘000 Units), 2015-2020
Figure 29: Global: Service (Personal and Domestic) Robots Market Forecast: Sales Volume (in ‘000 Units), 2021-2026
Figure 30: Global: Service (Professional) Robots Market: Sales Volume (in Units), 2015-2020
Figure 31: Global: Service (Professional) Robots Market Forecast: Sales Volume (in ‘000 Units), 2021-2026
Figure 32: Global: Service (Personal and Domestic) Robotics Market: Breakup by Applications (in %), 2020
Figure 33: Global: Service (Professional) Robots Market: Breakup by Applications (in %), 2020
Figure 34: Global: Service (Professional) Robots Market: Key Segments Market Shares (in %), 2015-2020
Figure 35: Global: Service Robots Market (Household Applications): Sales Volume (in ‘000 Units), 2015-2020
Figure 36: Global: Service Robots Market Forecast (Household Applications): Sales Volume (in ‘000 Units), 2021-2026
Figure 37: Global: Service Robots Market (Entertainment Applications): Sales Volume (in ‘000 Units), 2015-2020
Figure 38: Global: Service Robots Market Forecast (Entertainment Applications): Sales Volume (in ‘000 Units), 2021-2026
Figure 39: Global: Robotics Market (Defence Applications): Sales Volume (in Units), 2015-2020
Figure 40: Global: Robotics Market Forecast (Defence Applications): Sales Volume (in Units), 2021-2026
Figure 41: Global: Robotics Market (Field Applications): Sales Volume (in Units), 2015-2020
Figure 42: Global: Robotics Market Forecast (Field Applications): Sales Volume (in Units), 2021-2026
Figure 43: Global: Robotics Market (Logistics Applications): Sales Volume (in Units), 2015-2020
Figure 44: Global: Robotics Market Forecast (Logistics Applications): Sales Volume (in Units), 2021-2026
Figure 45: Global: Robotics Market (Healthcare Applications): Sales Volume (in Units), 2015-2020
Figure 46: Global: Robotics Market Forecast (Healthcare Applications): Sales Volume (in Units), 2021-2026
Figure 47: Global: Robotics Market (Infrastructure Applications): Sales Volume (in Units), 2015-2020
Figure 48: Global: Robotics Market Forecast (Infrastructure Applications): Sales Volume (in Units), 2021-2026
Figure 49: Global: Robotics Market (Mobile Platform Applications): Sales Volume (in Units), 2015-2020
Figure 50: Global: Robotics Market Forecast (Mobile Platform Applications): Sales Volume (in Units), 2021-2026
Figure 51: Global: Robotics Market (Cleaning Applications): Sales Volume (in Units), 2015-2020
Figure 52: Global: Robotics Market Forecast (Cleaning Applications): Sales Volume (in Units), 2021-2026
Figure 53: Global: Robotics Market (Other Applications): Sales Volume (in Units), 2015-2020
Figure 54: Global: Robotics Market Forecast (Other Applications): Sales Volume (in Units), 2021-2026
Figure 55: Global Service Robotics Market Forecast: Sales Volume (in ‘000 Units), 2021-2026
Figure 56: Global: Service Robots Market: Breakup by Robot Type (in %), 2026
Figure 57: Global: Robotics Market: Breakup by Region (in %), 2020 & 2026
Figure 58: North America: Robotics Market: Sales Volume (in ‘000 Units), 2015-2020
Figure 59: North America: Robotics Market: Breakup by Product Type (in %), 2020
Figure 60: North America: Industrial Robotics Market: Sales Volume (in Units), 2015-2020
Figure 61: North America: Industrial Robotics Market Forecast: Sales Volume (in Units), 2021-2026
Figure 62: North America: Service Robotics Market: Sales Volume (in ‘000 Units), 2015-2020
Figure 63: North America: Service Robotics Market Forecast: Sales Volume (in ‘000 Units), 2021-2026
Figure 64: North America: Robotics Market Forecast: Sales Volume (in ‘000 Units), 2021-2026
Figure 65: Europe: Robotics Market: Sales Volume (in ‘000 Units), 2015-2020
Figure 66: Europe: Robotics Market: Breakup by Product Type (in %), 2020
Figure 67: Europe: Industrial Robotics Market: Sales Volume (in Units), 2015-2020
Figure 68: Europe: Industrial Robotics Market Forecast: Sales Volume (in ‘000 Units), 2021-2026
Figure 69: Europe: Service Robotics Market: Sales Volume (in ‘000 Units), 2015-2020
Figure 70: Europe: Service Robotics Market Forecast: Sales Volume (in ‘000 Units), 2021-2026
Figure 71: Europe: Robotics Market Forecast: Sales Volume (in ‘000 Units), 2021-2026
Figure 72: Asia Pacific: Robotics Market: Sales Volume (in ‘000 Units), 2015-2020
Figure 73: Asia Pacific: Robotics Market: Breakup by Product Type (in %), 2020
Figure 74: Asia Pacific: Industrial Robotics Market: Sales Volume (in Units), 2015-2020
Figure 75: Asia Pacific: Industrial Robotics Market Forecast: Sales Volume (in Units), 2021-2026
Figure 76: Asia Pacific: Service Robotics Market: Sales Volume (in ‘000 Units), 2015-2020
Figure 77: Asia Pacific: Service Robotics Market Forecast: Sales Volume (in ‘000 Units), 2021-2026
Figure 78: Asia Pacific: Robotics Market Forecast: Sales Volume (in ‘000 Units), 2021-2026
Figure 79: Latin America: Robotics Market: Sales Volume (in Units), 2015-2020
Figure 80: Latin America: Robotics Market: Breakup by Product Type (in %), 2020
Figure 81: Latin America: Industrial Robotics Market: Sales Volume (in Units), 2021-2026
Figure 82: Latin America: Industrial Robotics Market Forecast: Sales Volume (in Units), 2021-2026
Figure 83: Latin America: Service Robotics Market: Sales Volume (in Units), 2015-2020
Figure 84: Latin America: Service Robotics Market Forecast: Sales Volume (in Units), 2021-2026
Figure 85: Latin America: Robotics Market Forecast: Sales Volume (in Units), 2021-2026
Figure 86: Other Markets: Robotics Market: Sales Volume (in Units), 2015-2020
Figure 87: Other Markets: Robotics Market: Breakup by Product Type (in %), 2020
Figure 88: Other Markets: Industrial Robotics Market: Sales Volume (in Units), 2015-2020
Figure 89: Other Markets: Industrial Robotics Market Forecast: Sales Volume (in Units), 2021-2026
Figure 90: Other Markets: Service Robotics Market: Sales Volume (in Units), 2015-2020
Figure 91: Other Markets: Service Robotics Market Forecast: Sales Volume (in Units), 2021-2026
Figure 92: Other Markets: Robotics Market Forecast: Sales Volume (in Units), 2021-2026

List of Tables

Table 1: Global: Robotics Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Robotics Industry: Services Offered at the Various Levels of the Value Chain
Table 3: Global: Industrial Robots Market: Key Industry Highlights, 2020 and 2026
Table 4: Global: Industrial Robotics Market: Export Data of Major Countries
Table 5: Global: Industrial Robotics Market: Import Data of Major Countries
Table 6: Global: Service Robots Market: Key Industry Highlights, 2020 and 2026
Table 7: Global: Robotics Market: Regional Highlights, 2020 and 2026
Table 8: Global: Robotics Market: Competitive Structure
Table 9: Global: Robotics Market: Key Players