The global robotics market size is estimated to grow from USD 64.8 billion in the current year to USD 375.82 billion by 2035, at a CAGR of 17.33% during the forecast period, till 2035.
Opportunities in the robotics market have been analyzed across the following segments:
Type of Component
- Hardware
- Actuators
- Communication Systems
- Control Systems
- Power Supply
- Sensors
- Software
- Service
Mode of Deployment
- Cloud-based
- On-Premise
Type of Product
- Articulated Robots
- Automated Guided Vehicles (AGVs)
- Autonomous Mobile Robots (AMRs)
- Cartesian Robots
- Collaborative Robots (Cobots)
- Humanoids Robots
- Delta Robots
- SCARA Robots
Type of Technology
- AI-powered Robots
- Autonomous Robots
- IoT Robots
- Remote Controlled Robots
- Others
Type of Environment
- Aerial
- Ground
- Marine
Type of Mobility
- Fixed Robotics
- Mobile Robotics
Type of Application
- Assembling & Disassembling
- Cleaning & Sanitization
- Dispensing & Processing
- Entertainment
- Last Mile Mobility
- Logistics
- Manufacturing Production and Automation
- Material Handling
- Medical Devices
- Personal Assistance
- Security & Inspection
- Welding & Soldering
End User
- Aerospace and Defense
- Agriculture
- Automotive
- Construction/Mining
- Consumer Goods
- Education and Research
- Electronics and Semiconductors
- Energy and Utilities
- Food and Beverage
- Healthcare
- Hospitality
- Logistics and Warehousing
- Pharmaceuticals and Biotechnology
- Retail
- Others
Geography
- North America
- US
- Canada
- Mexico
- Other North American countries
- Europe
- Austria
- Belgium
- Denmark
- France
- Germany
- Ireland
- Italy
- Netherlands
- Norway
- Russia
- Spain
- Sweden
- Switzerland
- UK
- Other European countries
- Asia
- China
- India
- Japan
- Singapore
- South Korea
- Other Asian countries
- Latin America
- Brazil
- Chile
- Colombia
- Venezuela
- Other Latin American countries
- Middle East and North Africa
- Egypt
- Iran
- Iraq
- Israel
- Kuwait
- Saudi Arabia
- UAE
- Other MENA countries
- Rest of the World
- Australia
- New Zealand
- Other countries
ROBOTICS MARKET: GROWTH AND TRENDS
Over the past decade, the growing expansion of technology, including artificial intelligence has brought robotics to the next level in terms of ability to handle complex situations, efficiency, accuracy, and functionality. Historically, the term robotic is derived from the word Robot which was first used by Karel Capek. However, the writer Issac Asimov used the term Robotic first time in his creation of the Three Laws of Robotics in 1940.
Robotics is an interdisciplinary sector of computer science and engineering that involves the construction, design, and use of mechanical robots. The purpose of the robotic field is to build intelligent devices and machines that can perform a variety of tasks using different types of methods either autonomously or under human control. These designed machines or robots function by doing repetitive tasks with higher efficacy and accuracy than humans.
Further, the robotics industry has a wide range of categories, such as industrial robotics, service robotics, agricultural robotics, and educational robotics that are used in specific applications. With the increasing industrial automation around the world, the demand for industrial robots as well as other robots has spiked, as these are capable of performing repetitive tasks. They can be designed as robotic arms, humanoid robots, or collaborative robots (Cobots). The advantages of robotics technology in finishing tasks quickly, precisely, and accurately spike in demand for robots in several industries like manufacturing, healthcare, and automotive for higher production and efficacy.
Moreover, such benefits of robotics streamline processes, optimize usage, and enhance overall operational efficacy. Consequently, by leveraging robotics technology, organizations can persistently complete tasks with a greater level of accuracy and minimize human errors and variations which aid in improved product quality and standardized process. Considering these factors, the industry is likely to witness lucrative opportunities with the growing adoption of advanced technology such as artificial intelligence and machine learning which will expand the potential growth of the robotics market.
Overall, the inflating demand for smart solutions and services in product manufacturing, agriculture, medical, and defense sectors is projected to generate new possibilities for the growth of the robotics market.
ROBOTICS MARKET: KEY SEGMENTS
Market Share by Type of Component
Based on the type of component, the global robotics market is segmented into hardware (actuators, communication systems, control Systems, power supply, sensors), software, and services. According to our estimates, currently, hardware segment captures the majority share of the market. This can be attributed to the surge in demand for hardware elements such as sensors, actuators, and robotic arms, owing to their performance, precision, efficiency, and functionality in industrial robotics.
Market Share by Mode of Deployment
Based on modes of deployment, the robotics market is segmented into cloud / remote and on-premises. According to our estimates, currently, cloud / remote segment captures the majority share of the market. This can be attributed to the scalability and flexibility offered by cloud-based robotics, which can easily adjust to changing demands. Cloud deployment typically incurs lower initial expenses as it eliminates the need for extensive on-site hardware and maintenance, making it a preferred choice for robotic process automation software and services.
Market Share by Type of Product
Based on type of product, the robotics market is segmented into autonomous mobile robots (AMRs), automated guided vehicles (AGVs), articulated robots, cartesian, collaborative robots (Cobots), delta, humanoids, SCARA, and others. According to our estimates, currently, articulated robots capture the majority share of the market. This can be attributed to the versatility and efficiency of articulated robots in performing diverse tasks, which leads to enhanced productivity and lower operational costs.
Market Share by Type of Technology
Based on type of technology, the robotics market is segmented into AI-powered robots, remote-controlled robots, autonomous robots, IoT and others. According to our estimates, currently, autonomous robot technology captures the majority share of the market. This can be attributed to the rising demand for autonomous mobile robots (AMRs) and automated guided vehicles (AGVs), both of which are ground-based robots
Market Share by Type of Environment
Based on type of environment, the robotics market is segmented into aerial, ground, and marine. According to our estimates, currently, ground robotics capture the majority share of the market. This can be attributed to their capacity to enhance operational efficiency, reduce labor costs, and improve task accuracy across a wide range of applications and industries, such as warehousing, material handling, and manufacturing processes. However, the market for aerial robotics segment is anticipated to grow at a higher CAGR during the forecast period.
Market Share by Mobility
Based on mobility, the robotics market is segmented into mobile robotics and fixed robotics. According to our estimates, currently, mobile robotics capture the majority share of the market. This can be attributed to their capability to move within various environments, supported by sensors and navigation software that allows them to operate efficiently with integrated artificial intelligence.
Further, mobile robots are categorized into autonomous and non-autonomous types. Autonomous mobile robots utilize advanced sensors for real-time object recognition and navigate with minimal external guidance. Given the role of mobile robotics in enhancing artificial technology, this segment is anticipated to experience significant growth during the forecast period.
Market Share by Application
Based on application, the robotics market is segmented into material handling, assembling & disassembling, welding & soldering, dispensing & processing, security & inspection, manufacturing production and automation, cleaning & sanitization, personal assistance, logistics, last mile mobility, medical devices, and entertainment. According to our estimates, currently, manufacturing production segment captures the majority share of the market. This can be attributed to the growing requirement for heightened efficiency, precision, and cost-effectiveness across diverse industrial manufacturing operations. However, the medical device sector is anticipated to grow at a higher CAGR during the forecast period.
Market Share by Type of End User
Based on type of end user, the robotics market is segmented into electronics and semiconductors, automotive, healthcare, food and beverage, logistics and warehousing, aerospace and defense, consumer goods, agriculture, construction / mining, pharmaceuticals and biotechnology, retail, education and research, energy and utilities, and hospitality. According to our estimates, currently, automotive sector segment captures the majority share of the market. This can be attributed to the increasing demand for high-volume production, precision, and consistency within the automotive sector. However, the healthcare sector is anticipated to grow at a higher CAGR during the forecast period.
Market Share by Geography
Based on geography, the robotics market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and Rest of the World. According to our estimates, currently, North America captures the majority share of the market. This can be attributed to the early adoption of advanced technologies alongside a high demand for industrial automation. Additionally, the presence of major stakeholders and their continuous investments in research and development for innovative technologies, as well as competitive strategies, contribute to market expansion. However, market in Asia is anticipated to experience the highest CAGR during the forecast period
Sample Players in Robotics Market, Profiled in the Report Include:
- ABB
- Blue Ocean Robotics
- Brain Corporation
- Dematic
- DJI
- Fanuc
- Honeywell International
- Intuitive Surgical Operations
- iRobot
- Kawasaki
- Kuka AG
- Mitsubishi
- Omron Adept
- RoboAds
- Roborock
- Simbe Robotics
- SMP Robotics
- Xenex Disinfection Services
- Zebra Technologies
ROBOTICS MARKET: RESEARCH COVERAGE
The report on the robotics market features insights on various sections, including:
- Market Sizing and Opportunity Analysis: An in-depth analysis of the robotics market, focusing on key market segments, including type of component, mode of deployment, type of product, type of technology, type of environment, and type of mobility, type of application, end user, and geographical regions.
- Competitive Landscape: A comprehensive analysis of the companies engaged in the robotics market, based on several relevant parameters, such as year of establishment, company size, location of headquarters, ownership structure.
- Company Profiles: Profiles of prominent players engaged in the robotics market, providing details on location of headquarters, company size, company mission, company footprint, management team, contact details, financial information, operating business segments, robotics portfolio, moat analysis, recent developments, and an informed future outlook.
KEY QUESTIONS ANSWERED IN THIS REPORT
- How many companies are currently engaged in robotics market?
- Which are the leading companies in this market?
- What factors are likely to influence the evolution of this market?
- What is the current and future market size?
- What is the CAGR of this market?
- How is the current and future market opportunity likely to be distributed across key market segments?
REASONS TO BUY THIS REPORT
- The report provides a comprehensive market analysis, offering detailed revenue projections of the overall market and its specific sub-segments. This information is valuable to both established market leaders and emerging entrants.
- Stakeholders can leverage the report to gain a deeper understanding of the competitive dynamics within the market. By analyzing the competitive landscape, businesses can make informed decisions to optimize their market positioning and develop effective go-to-market strategies.
- The report offers stakeholders a comprehensive overview of the market, including key drivers, barriers, opportunities, and challenges. This information empowers stakeholders to stay abreast of market trends and make data-driven decisions to capitalize on growth prospects.
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB
- Blue Ocean Robotics
- Brain Corporation
- Dematic
- DJI
- Fanuc
- Honeywell International
- Intuitive Surgical Operations
- iRobot
- Kawasaki
- Kuka AG
- Mitsubishi
- Omron Adept
- RoboAds
- Roborock
- Simbe Robotics
- SMP Robotics
- Xenex Disinfection Services
- Zebra Technologies
Methodology
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