Robotics Market

Labor shortages in various sectors are prompting businesses to turn to robotics as a viable solution, thereby influencing the Global Robotics Market Industry. As the workforce ages and fewer individuals enter certain trades, companies are increasingly relying on robots to fill gaps in labor. For instance, in agriculture, robotic systems are being deployed for tasks such as harvesting and planting, which are becoming harder to staff. This trend is likely to continue, as organizations seek to maintain productivity levels despite workforce challenges, further driving the market's expansion.

The Global Robotics Market Industry is projected to experience substantial growth, with estimates indicating a market value of 74.1 USD Billion in 2024 and a remarkable increase to 476.0 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate of 18.42% from 2025 to 2035, reflecting the increasing adoption of robotics across various sectors. The market's expansion is driven by factors such as technological advancements, rising automation demand, and labor shortages, which collectively create a favorable environment for robotics innovation and deployment.

The Global Robotics Market Industry is experiencing rapid technological advancements that enhance the capabilities and efficiency of robots. Innovations in artificial intelligence, machine learning, and sensor technologies are driving the development of more sophisticated robotic systems. For instance, collaborative robots, or cobots, are increasingly being adopted in manufacturing settings to work alongside human workers, improving productivity and safety. As these technologies evolve, they are expected to contribute significantly to the market's growth, with projections indicating a market value of 74.1 USD Billion in 2024, potentially reaching 476.0 USD Billion by 2035.

There is a growing demand for automation across various industries, which is a key driver for the Global Robotics Market Industry. Industries such as manufacturing, healthcare, and logistics are increasingly adopting robotic solutions to enhance operational efficiency and reduce labor costs. For example, automated guided vehicles are being utilized in warehouses to streamline inventory management. This trend is likely to accelerate, with a projected compound annual growth rate of 18.42% from 2025 to 2035, indicating a robust shift towards automation and the integration of robotics in everyday operations.

The optimization of global supply chains is increasingly reliant on robotic solutions, which serves as a major driver for the Global Robotics Market Industry. Companies are adopting robotics to improve efficiency, accuracy, and speed in their supply chain operations. For instance, robotic process automation is being utilized to streamline order fulfillment and inventory management. This trend is expected to gain momentum as businesses seek to enhance their competitiveness in a globalized market. The integration of robotics into supply chains is likely to contribute to the projected market growth, aligning with the overall trend towards automation.

Investment in research and development is a crucial factor propelling the Global Robotics Market Industry forward. Governments and private entities are allocating substantial resources to innovate and enhance robotic technologies. For example, initiatives aimed at developing autonomous vehicles and drones are gaining traction, supported by funding from various national programs. This influx of investment not only fosters innovation but also encourages collaboration between academia and industry, leading to breakthroughs that could redefine the robotics landscape. As a result, the market is poised for significant growth in the coming years.

By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. In terms of revenue, Asia-Pacific held the largest share of 50.4% in the Robotics market in 2023 and is expected to maintain its dominance during the forecast period. The Asia-Pacific is the largest market for Robotics. Because it has more financial institutions than any other, the region has attracted international investors. Local players dominate the Asia-Pacific market, resulting in severe entry hurdles. Furthermore, owing to significant electronic and automobile manufacturing industry deployment, South Korea and China are prominent in robotics adoption.

Asia is the world's largest market for industrial robotics, with nearly three quarters of all newly deployed robots installed there in 2022. The Japanese government declared financing for the development of eldercare robots in order to meet a projected 380,000 trained workforce shortage by 2025.Recent robotic trends in Japan include relaxing traffic laws to enable food delivery robots and the increased use of elder care robots at nursing homes. Robots are also expected to help Japan solve the problem of Labor shortages.

South Korea is one of the leading countries in the use of industrial robots worldwide, with the International Federation of Robotics listing it as having the world's second most automated manufacturing industry .The region is also known for robots used in the healthcare sector. Hyundai Motor Works with Medical Centers in Korea to Utilize Its Wearable Robot ‘X-ble MEX’ for Patient Rehabilitation. Advancements are also seen in the food industry using robots for various processes. ABB Robotics and Korean food company Pulmuone are exploring  AI-based automation to develop lab-grown sea food.

Hospitality robots are seen in development by key players in the industry in many South Korean hotel chains.

China's automotive sector has grown tremendously, and it now plays a critical role in the global automotive market. The Chinese government considers the automobile industry, particularly the auto components business, to be one of the country's primary pillar industries. The central government of China expects that the country's automobile output will reach around 35 million units by 2025. China-based Humanoid Robots has unveiled Qinglong, a life-size general-purpose humanoid robot at the World Artificial Intelligence Conference (WAIC) 2024.The region has also guidelines for future humanoid development.

Figure3:ROBOTICS MARKET SIZE BY REGION 2023&2032

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

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

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.

ABB is investing $20 million to expand its North American robotics headquarters and manufacturing facility in Auburn Hills. This expansion aims to increase production capacity and strengthen ABB's leadership in the US robotics market. Many key players have their robotics and automation facilities in this region including FANUC America its new 650,000-square-foot as announced latest. Companies are focusing on AMR robots, medical robots. Autonomous Mobile Robots (AMRs) streamline material handling and logistics in dynamic environments like warehouses.

Robotics companies are leveraging advanced vision systems powered by AI to enhance perception capabilities Industrial robots dominate manufacturing processes, performing tasks such as welding, assembly, and packaging with high precision and efficiency.

The European robotics market is expanding rapidly due to this aspect. Germany is the leading country for robots and hence more advancements in robotics is seen in this region. Germany's manufacturing industry has the highest robot to employee density in Europe. Generative AI for the development of new robot systems, improvement of robot control and development of new robotics applications is seen in this region. Amazon has announced over €700 million investment in robotics and AI powered technologies across Europe.

The industrial revolution is about to begin in nations like the United Kingdom because data is being used extensively for production and integrated with several manufacturing systems throughout the supply chain.

With a strong presence across different verticals and geographies, the Robotics market is highly competitive and dominated by established, pure-play vendors. Over 30 vendors cater to this market, and they continually innovate their solutions to meet the evolving needs of businesses by adopting new technologies to make business more effective. These vendors have a robust geographic footprint and partner ecosystem to cater to diverse customer segments. The Robotics market is highly competitive, with many vendors offering similar products and services.

The major players in the market include 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. FANUC focuses a high priority on research and development to generate product innovation. The company invests extensively in new technology and is continually looking for ways to improve its products and processes.

FANUC Corporation leads in industrial robots and factory automation systems, renowned for their precision and reliability across manufacturing processes. Their robust robots cater to diverse industries including automotive and electronics, focusing on enhancing efficiency through advanced automation solutions.

ABB Ltd stands at the forefront of digital transformation with a comprehensive portfolio integrating AI, digital twins, and advanced robotics. Their innovations like the OmniCore control platform and diverse robot portfolio such as the IRB 7710 and IRB 7720 optimize operations across sectors, boosting productivity and sustainability.

The Robotics Market is a consolidated market due to increasing competition, acquisitions, mergers, and other strategic market developments and decisions to improve operational effectiveness.