Market Research Future (MRFR) has published on the “Global Robotics Market”.
The Robotics market is estimated to register a CAGR of 16.73% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the global Robotics market— Yamaha Motor Company Ltd, Suzuki Motor Usa, LLC, RevZilla, Triumph Motorcycles, Kawasaki Heavy Industries, Ltd, Harley Davidson, Vega Auto Accessories Ltd, Studds Accessories Ltd, Motorsport Aftermarket Group, Indian Motorcycle International, LLC, Steelbird, YF Protector Co. Ltd, AltRider LLC., Cobra USA Inc., and Rizoma S.r.l.
Market Highlights
The global Robotics market is accounted for to register a CAGR of 16.73% during the forecast period and is estimated to reach USD 2,86,509.3 million by 2032.
Robotics is the intersection of science, engineering and technology that produces machines, called robots, that substitute for (or replicate) human actions. These robots are used by various end-users which includes medical, entertainment, field, logistics, defense and others. The robots market includes various types of robots, such as industrial robots, service robots, medical robots, agricultural robots, and autonomous vehicles. Industrial robots are used in manufacturing processes to automate tasks such as assembly, welding, and material handling. Service robots are designed to assist humans in various tasks, such as cleaning, caregiving, and customer service. Medical robots are used in healthcare settings for surgical procedures, rehabilitation, and diagnostics. Agricultural robots help with tasks like crop monitoring, harvesting, and livestock management. Autonomous vehicles, including self-driving cars and drones, are also part of the robots market.
Segment Analysis
The global Robotics market has been segmented based on Type, Environment, Mobility, Application and End Users.
Based on Type, the global Robotics market segmentation includes Autonomous Mobile Robots (AMRs), Automated Guided Vehicles (AGVs), Articulated Robots, Humanoids, Collaborative Robots (Cobots), Others. The Articulated Robots will be the majority share in 2022, contributing around 43.7% to the market revenue.
Based on the Environment, the global Robotics market segmentation is Aerial, Ground, Marine. Ground Applications dominated the market in 2022.
Based on Mobility, the global Robotics market segmentation includes Mobile Robotics and Fixed Robotics. Mobile Robotics held the majority share in 2022.
Based on Application, the global Robotics market segmentation includes Material Handling, Assembling & Disassembling, Welding & Soldering, Dispensing & Processing, Security & Inspection, Cleaning & Sanitization, Personal Assistance, Others. The Material Handling held the majority share in 2022.
Based on End-User, the global Robotics market segmentation includes (Domestic/Household {Floor Cleaning, Lawn Cleaning, Pool Cleaning, Window Cleaning, Others} Industrial {Automotive, Electrical & Electronics, Food & Beverages, Pharmaceuticals & Biotech, Cosmetics, Dairy, Metals & Machinery, Plastics, Rubbers, & Chemicals, Others}, Medical & Healthcare, Farming & Agriculture, Retail & Hospitality, Logistics & Warehousing, Military & Defense, Construction & Infrastructure, Marine, Education, Sports & Entertainment, Others). Based on Industrial, the market is further divided Automotive, Electrical & Electronics, Food & Beverages, Pharmaceuticals and Biotech, Cosmetics, Dairy, Metals & Machinery, Plastics, Rubbers, & Chemicals, and Others.
Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Robotics Market Research Report
Regional Analysis
By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East and Africa and South America. The North America Robotics market accounted for ~16.2% in 2022. It is expected to exhibit a significant CAGR growth during the study period. North America is one of the earliest adopters of industrial robotics due to the due to the swift adoption of smart factories and industrial automation. The region is also one of the leading automotive manufacturing markets after Europe and Asia. One of the primary drivers of growth in the North American robotics market can be attributed to expansions in the medical and healthcare industries. Robotic surgery, remote surgical procedures, remote consultation, and emergency services employing robotic arms have spurred the expansion of the robotics industry in North America.
Key Findings of the Study
- The global Robotics market is expected to reach USD 2,86,509.3 million by 2032, at a CAGR of 16.73% during the forecast period.
- The APAC region accounted for the fastest-growing global market
- Universal Robots A/S, Boston Dynamics, iRobot Corporation, Nachi-Fujikoshi Corp, Kawasaki Heavy Industries, Ltd., Honda Motor Co. Ltd, ABB Limited, Sony Corporation, Mitsubishi Electric Corporation, Northrop Grumman Corporation, Geekplus Technology Co., Ltd, Omron Corporation, FANUC Corporation, Kuka AG, Yaskawa Electric Corporation, and Denso Corporation.
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Companies Covered | 15 |
Pages | 128 |
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