Cloud Robotics Market Analysis

Cloud Robotics Market Overview

The Cloud Robotics Market size is projected to grow from USD 3.56048 Billion in 2024 to USD 15.36 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 20.05% during the forecast period (2024 - 2032). Additionally, the market size for Cloud Robotics was valued at USD 2.89 Billion in 2023.

Robotics is increasingly using linked services and sharing information for offloaded computation, and teamwork is the key market driver enhancing market growth.

Figure1: Cloud Robotics Market, 2018 - 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Cloud Robotics Market Trends

Growing industry demand for automation is driving the market growth

Market CAGR for cloud robotics is growing due to increase in automation. Robotic automation replaces several industrial activities, including welding, assembling, material handling, painting, and machining. These robots outperform humans in accuracy, speed, and precision by using electrical, mechanical, and software systems to carry out the assigned work. Due to its great precision and speed in organized industry environments, automation in industrial robots has also proven highly successful. These robots must be coupled with network technology to be used in surroundings without clear organization. As a result, robots are now being connected through the cloud, allowing them to access datasets to support various operations remotely. Thus, it is anticipated that throughout the projected period, industry automation will fuel the growth of the worldwide cloud robotics market.

Robots and sensor networks work together to create an environment that collects data, which cloud robotics employs to store information and reuse as needed. An operating system for robots has several nodes. The driver for infrared sensors can function as a node that broadcasts sensor information as a stream of messages. Several additional network nodes make use of these messages.

The market is projected to be driven by developments in mobile cloud robotics. In the upcoming years, the industry is projected to experience tremendous growth due to the increased demand for 5G. The need for cloud robots is anticipated to increase across various sectors, including manufacturing, automotive, logistics, healthcare, and more. The warehouse management application of cloud robots will drive the demand. The Robot as a Service (RaaS), which can seamlessly integrate robots and embedded devices in the cloud environment, is also anticipated to gain popularity. Thus, driving the Cloud Robotics market revenue.

Cloud Robotics Market Segment Insights

Cloud Robotics Type Insights

The cloud robotics market segmentation, based on type, includes peer-based, proxy-based, clone based. The peer-based segment dominated the market, accounting for 35% of market revenue. Every robot and virtual machine (VM) is regarded as a separate computing unit on the cloud. This network of robots and virtual machines (VMs) is completely dispersed. A job can be broken up into smaller modules and run on a portion of the computing mesh's nodes.

Figure 2: Cloud Robotics Market, by Type, 2022 & 2032 (USD billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Cloud Robotics Connectivity Insights

Based on connectivity, the cloud Robotics market segmentation includes Wi-Fi, Bluetooth, 3G, 4G, 5G, RF, and Infrared. The Wi-Fi category generated the most income. Using a Wi-Fi connection to cloud-based services, a robot may detect objects in its environment using a vast database of recognized objects. The performance of a robot in tasks like sorting, cleaning, and running appliances is aided by object recognition.

Cloud robotics Application Insights

Based on application, the cloud robotics market data includes defense, manufacturing, retail, agriculture, and healthcare. The healthcare segment held the majority share in 2022, contributing around ~33% concerning the Cloud robotics market revenue. It is used for various things, including maintaining electronic medical records, keeping tabs on patients' health, providing analytics services, providing clinical solutions, etc. To offer patients clinical help, the robot may connect to the cloud. Moreover, it can offer cooperation services by facilitating information exchange between patients and clinicians.

Cloud Robotics Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American, Cloud Robotics market will dominate this market. Most retailers, including IBM, Microsoft, Google, and Amazon Robotics, are based in North America, which explains the situation. The area is regarded as the most extraordinary district in terms of cloud, AI, and AI advances and is also predicted to constitute a sizeable share of the entire sector. The region witnesses various R&D projects in cloud robotic technology for advancing distributed computing, artificial intelligence, robotics technology, and AI advancements.

Further, the major countries studied in the market report are The U.S., South Korea, German, the UK, Italy, Spain, China, Japan, France, India, Australia, Canada, and Brazil.

Figure 3: CLOUD ROBOTICS MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe's Cloud Robotics market accounts for the second-largest market share because the automobile sector is seeing increased demand for robotic automation. Growing investments are being made in the robotics sector in Europe. The strong industry growth in Germany and France likely boost the market growth. Further, the German Cloud Robotics market held the largest market share, and the UK Cloud Robotics market was the fastest-growing market in the region.

The Asia-Pacific Cloud Robotics Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the increased use of automation, robots, and cloud computing. Chinese and American businesses collaborate on robotics projects because of the rising need for improved automobile production. The development of cloud services in China may aid the expansion of the Asia-Pacific cloud robotics industry. Moreover, China’s Cloud Robotics market held the largest market share, and the Indian Cloud Robotics market was the fastest-growing market in the Asia-Pacific region.

Cloud Robotics Key Market Players & Competitive Insights

Leading industry companies are making significant R&D investments to diversify their product offerings, which will expand the Cloud Robotics market. Key market developments include new product releases, agreements, acquisitions and mergers, higher investments, and collaboration with other companies. Market participants also engage in several strategic actions to increase their footprint. The Cloud Robotics industry must provide a good price to grow and thrive in an increasingly fiercely competitive market environment.

Producing locally to reduce operating costs is one of the primary business strategies manufacturers adopt in the Cloud Robotics industry to serve customers and expand the market sector. The Cloud Robotics industry has recently provided some of the most important advantages. Major players in the Cloud Robotics market, including Amazon, Zebra Technologies, Ekso Bionics, Erle Robotics, FANUC Corporation, and others, are attempting to increase market demand by investing in research and development operations.

A worldwide technology business based in the United States, Amazon.com, Inc. heavily invests in digital streaming, cloud computing, online advertising, and artificial intelligence. One of the most valuable brands in the world, it has been called "one of the most significant economic and cultural forces in the globe. In November 2021, To make it simpler for businesses to develop and deploy apps that allow fleets of robots to cooperate and to address challenges in automation, robotics, and industrial internet of Things (IoT) technologies, Amazon launched AWS IoT RoboRunner, a new robotics service-designed incubator program in partnership with nonprofit MassRobotics.

Zebra Technologies Company's American firm specializes in technology that can perceive, examine, and respond in real-time. The business produces and retails computer printing, tracking, and marking technology. Mobile computers, tablets, software, thermal barcode label and receipt printers, RFID smart label printers, encoders, fixed & portable readers, antennas, autonomous mobile robots (AMR's), machine vision (MV), and fixed industrial scanning hardware & software are among its products. In August 2021, Fetch Robotics was purchased by Zebra Technologies, an innovative front-line business leader with a U.S. base and partners, for an unknown sum. The purchase aims to boost the companies' operations by using their current enterprise asset intelligence vision and the advancement of intelligent industrial automation by adopting new workflow empowerment modalities. A California-based company, Fetch Robotics, offers a wide selection of robots for automation in warehouse and manufacturing settings.

Key Companies in the Cloud Robotics market include

• ABB Group (Switzerland)


• Yaskawa Electric Corporation (Japan)


• Rapyuta Robotics Co. Ltd. (Japan)


• Kuka AG (Germany)


• Fanuc Corporation (Japan)


• Calvary Robotics (U.S.)


• Rockwell Automation, Inc. (U.S.)


• Ortelio Ltd. (UK)


• Motion Controls Robotics (U.S.)

Cloud Robotics Industry Developments

November 2021: With its Datamatics TruBot Robotic Process Automation (RPA) System, Western Bainoona Group has successfully adopted Datamatics' Intelligent Automation Products, Digital Solutions, Technology, and Business Process Management (BPM) solutions (WBG). The Middle East and Africa's leading engineering and construction company is WBG (MEA). Four crucial tasks were digitalized at the early stage of RPA and Internet of Things (IoT) adoption to ensure a seamless and error-free flow of data and payment processing.

September 2021: Many robotics suppliers are showcasing their newest solutions at Pack Expo this week to assist in fulfilling the demands of warehouses and distribution facilities. According to Vecna Robotics, the Mark 3 upgrade to its cloud software may increase an AMR fleet's performance by a factor of two. The Waltham, Massachusetts-based business claimed that while maintaining industry safety requirements, the new edition enables enterprises to increase productivity and throughput.

June 2021: Determined AI will be acquired by Hewlett-Packard Enterprise. This San Francisco-based company's open-source machine learning (ML) platform offers a strong and durable software stack for building AI models of any size. ML engineers in virtually any sector can create and train machine learning models with the help of HPE's world-class AI and high-performance computing (HPC) services. This will allow them to gain faster and more accurate insights from their data.

Cloud Robotics Market Segmentation

Cloud Robotics Type Outlook

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  Peer Based

  
  


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  Proxy Based

  
  


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  Clone Based

  
  

Cloud Robotics Connectivity Outlook

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  Wi-Fi

  
  


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  Bluetooth

  
  


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  3G

  
  


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  4G

  
  


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  5G

  
  


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  RF

  
  


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  Infrared

  
  

Cloud Robotics Application Outlook

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  Defense

  
  


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  Manufacturing

  
  


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  Retail

  
  


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  Agriculture

  
  


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  Healthcare

  
  

Cloud Robotics Regional Outlook