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Cloud Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 143 Pages
  • May 2023
  • Region: Global
  • IMARC Group
  • ID: 5820706

Quick Summary:

As we move into the increasingly digital and automated era, the global cloud robotics market has emerged as a promising avenue that accelerates the digital transformation of organizations. This revolutionary confluence of robots, automation systems, cloud computing, big data, and IoT significantly eliminates conventional maintenance and updates overheads, reduces dependence on custom middleware and drives a high level of human-robot interaction across industries.

Enhancing this human-robot interactive eco-system is the ability of the robotics cloud to harness vast amounts of processing power and data to execute compute-intensive tasks like image processing, voice recognition, and learning new skills instantly. A growing adoption in the automotive field has seen this transformative technology driving innovations in areas like indexing maps, enhancing spatial localization and better decision making. The rising interest in autonomous cars has merited significant attention to cloud robotics in the industry. Also, the advent of innovative solutions that can handle computationally tasking functions and creates a room for cognitive collaboration is set to widen the application scope of cloud robotics in the healthcare, agriculture and construction fields, among others.

The global cloud robotics market size reached US$ 6.0 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 19.7 Billion by 2028, exhibiting a growth rate (CAGR) of 19.6% during 2023-2028.

Cloud robotics is a robotics field involving robots, automation systems, cloud computing, deep learning, big data, the internet of things (IoT), and other emerging technologies that focus on centralized infrastructure and shared services. It allows robots to benefit from the storage and communications resources of modern data centers, share data and code, and perform computation. It also helps remove maintenance and updates overhead and reduce dependence on custom middleware. Nowadays, organizations worldwide are increasingly relying on cloud robotics as it enables a high level of human-robot interaction and learning and contributes to digital transformation.

Cloud Robotics Market Trends:

Cloud robotics allows robots to access vast amounts of processing and rapidly increasing data transfer to offload compute-intensive tasks like image processing, voice recognition, and downloading new skills instantly. This, in confluence with the rising focus on industrial automation and digitization of businesses, represents one of the primary factors impelling the market growth. Apart from this, the rising traction of autonomous cars is driving the adoption of cloud robotics in the automotive industry to index maps, images, and data on prior driving trajectories, weather, and traffic; determine spatial localization; and make decisions. Moreover, cloud robotics is gaining widespread adoption to enable warehouse and logistics automation using mobile platforms and a local network to move pallets, coordinate platforms, and share updates in real-time. Furthermore, key players are launching innovative solutions that can handle computationally heavy tasks, enable power and cognitive collaboration, and increase the available data to share with other machines and humans. This, in turn, is anticipated to expand the application of cloud robotics in the healthcare, mining, agriculture, and construction industries across the globe.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global cloud robotics market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, connectivity, deployment mode and application.

Breakup by Component:

  • Hardware
  • Software
  • Services

Breakup by Connectivity:

  • 3G
  • Bluetooth
  • Wi-Fi
  • 4G
  • 5G
  • RF
  • Infrared

Breakup by Deployment Mode:

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

Breakup by Application:

  • Industrial Cloud Robotics
  • Service Cloud Robotics
  • Personal Service Cloud Robotics

Breakup by Region:

North America

  • United States
  • Canada

Asia-Pacific

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others

Europe

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others

Latin America

  • Brazil
  • Mexico
  • Others

Middle East and Africa


Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Group, Calvary Robotics, CloudMinds, FANUC Corporation, inVia Robotics Inc., Kuka AG (Midea Group), Ortelio Ltd, Rapyuta Robotics Co. Ltd., Universal Robots A/S (Teradyne Inc.), V3 Smart Technologies and Yaskawa Electric Corporation.

Key Questions Answered in This Report:

  • What was the size of the global cloud robotics market in 2022?
  • What is the expected growth rate of the global cloud robotics market during 2023-2028?
  • What has been the impact of COVID-19 on the global cloud robotics market?
  • What are the key factors driving the global cloud robotics market?
  • What is the breakup of the global cloud robotics market based on the component?
  • What is the breakup of the global cloud robotics market based on the connectivity?
  • What is the breakup of the global cloud robotics market based on the deployment mode?
What is the breakup of the global cloud robotics market based on the application?
  • What are the key regions in the global cloud robotics market?
  • Who are the key players/companies in the global cloud robotics market?
Frequently Asked Questions about the Global Cloud Robotics Market

What is the estimated value of the Global Cloud Robotics Market?

The Global Cloud Robotics Market was estimated to be valued at $6 Billion in 2022.

What is the growth rate of the Global Cloud Robotics Market?

The growth rate of the Global Cloud Robotics Market is 21.9%, with an estimated value of $19.7 Billion by 2028.

What is the forecasted size of the Global Cloud Robotics Market?

The Global Cloud Robotics Market is estimated to be worth $19.7 Billion by 2028.

Who are the key companies in the Global Cloud Robotics Market?

Key companies in the Global Cloud Robotics Market include ABB Group, Calvary Robotics, CloudMinds, FANUC Corporation, inVia Robotics Inc., Kuka AG (Midea Group), Ortelio Ltd, Rapyuta Robotics Co. Ltd., Universal Robots A/S (Teradyne Inc.) and V3 Smart Technologies and Yaskawa Electric Corporation..

Table of Contents

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 Cloud Robotics Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Hardware
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Software
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Services
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Connectivity
7.1 3G
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Bluetooth
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Wi-Fi
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 4G
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 5G
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 RF
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Infrared
7.7.1 Market Trends
7.7.2 Market Forecast
8 Market Breakup by Deployment Mode
8.1 Public Cloud
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Private Cloud
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Hybrid Cloud
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Application
9.1 Industrial Cloud Robotics
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Service Cloud Robotics
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Personal Service Cloud Robotics
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 ABB Group
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Calvary Robotics
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 CloudMinds
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 FANUC Corporation
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 inVia Robotics Inc.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Kuka AG (Midea Group)
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Ortelio Ltd
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Rapyuta Robotics Co. Ltd.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Universal Robots A/S (Teradyne Inc.)
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 V3 Smart Technologies
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11 Yaskawa Electric Corporation
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
List of Figures
Figure 1: Global: Cloud Robotics Market: Major Drivers and Challenges
Figure 2: Global: Cloud Robotics Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Cloud Robotics Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Cloud Robotics Market: Breakup by Component (in %), 2022
Figure 5: Global: Cloud Robotics Market: Breakup by Connectivity (in %), 2022
Figure 6: Global: Cloud Robotics Market: Breakup by Deployment Mode (in %), 2022
Figure 7: Global: Cloud Robotics Market: Breakup by Application (in %), 2022
Figure 8: Global: Cloud Robotics Market: Breakup by Region (in %), 2022
Figure 9: Global: Cloud Robotics (Hardware) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Cloud Robotics (Hardware) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Cloud Robotics (Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Cloud Robotics (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Cloud Robotics (Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Cloud Robotics (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Cloud Robotics (3G) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Cloud Robotics (3G) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Cloud Robotics (Bluetooth) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Cloud Robotics (Bluetooth) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Cloud Robotics (Wi-Fi) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Cloud Robotics (Wi-Fi) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Cloud Robotics (4G) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Cloud Robotics (4G) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Cloud Robotics (5G) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Cloud Robotics (5G) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Cloud Robotics (RF) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Cloud Robotics (RF) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Cloud Robotics (Infrared) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Cloud Robotics (Infrared) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Cloud Robotics (Public Cloud) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Cloud Robotics (Public Cloud) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Cloud Robotics (Private Cloud) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Cloud Robotics (Private Cloud) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Cloud Robotics (Hybrid Cloud) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Cloud Robotics (Hybrid Cloud) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Cloud Robotics (Industrial Cloud Robotics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Cloud Robotics (Industrial Cloud Robotics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Cloud Robotics (Service Cloud Robotics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Cloud Robotics (Service Cloud Robotics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Cloud Robotics (Personal Service Cloud Robotics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Cloud Robotics (Personal Service Cloud Robotics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: North America: Cloud Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: North America: Cloud Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: United States: Cloud Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: United States: Cloud Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Canada: Cloud Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Canada: Cloud Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Asia-Pacific: Cloud Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Asia-Pacific: Cloud Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: China: Cloud Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: China: Cloud Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Japan: Cloud Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Japan: Cloud Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: India: Cloud Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: India: Cloud Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: South Korea: Cloud Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: South Korea: Cloud Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Australia: Cloud Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Australia: Cloud Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Indonesia: Cloud Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Indonesia: Cloud Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Others: Cloud Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Others: Cloud Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Europe: Cloud Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Europe: Cloud Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Germany: Cloud Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Germany: Cloud Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: France: Cloud Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: France: Cloud Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: United Kingdom: Cloud Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: United Kingdom: Cloud Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Italy: Cloud Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Italy: Cloud Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Spain: Cloud Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Spain: Cloud Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Russia: Cloud Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Russia: Cloud Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Others: Cloud Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Others: Cloud Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Latin America: Cloud Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Latin America: Cloud Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Brazil: Cloud Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Brazil: Cloud Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Mexico: Cloud Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Mexico: Cloud Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Others: Cloud Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Others: Cloud Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Middle East and Africa: Cloud Robotics Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Middle East and Africa: Cloud Robotics Market: Breakup by Country (in %), 2022
Figure 89: Middle East and Africa: Cloud Robotics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 90: Global: Cloud Robotics Industry: SWOT Analysis
Figure 91: Global: Cloud Robotics Industry: Value Chain Analysis
Figure 92: Global: Cloud Robotics Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Cloud Robotics Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Cloud Robotics Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: Cloud Robotics Market Forecast: Breakup by Connectivity (in Million US$), 2023-2028
Table 4: Global: Cloud Robotics Market Forecast: Breakup by Deployment Mode (in Million US$), 2023-2028
Table 5: Global: Cloud Robotics Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 6: Global: Cloud Robotics Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Cloud Robotics Market: Competitive Structure
Table 8: Global: Cloud Robotics Market: Key Players

Companies Mentioned

  • ABB Group
  • Calvary Robotics
  • CloudMinds
  • FANUC Corporation
  • inVia Robotics Inc.
  • Kuka AG (Midea Group)
  • Ortelio Ltd
  • Rapyuta Robotics Co. Ltd.
  • Universal Robots A/S (Teradyne Inc.)
  • V3 Smart Technologies and Yaskawa Electric Corporation.

Methodology

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