Robotics Market Trends

Global Robotics Market Overview

Robotics Market Size was valued at USD 71,196.4 Million in 2023. The Robotics market industry is projected to grow from USD 74,120.7 Million in 2024 to USD 286,798.3 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 18.4% during the forecast period (2024 - 2032). The Robotics Market is expected to grow significantly over the forecast period due to several factors. The growth of the Robotics Market is expected to be driven by key factors such as growth in medical robots, growth in the adoption of industrial robotics and development of artificial intelligence technology. However, factors such as high initial cost and technical complexity are expected to restrict market growth. On the other hand, rising demand for entertainment robots in retail for customer engagement, advancement of robotics in healthcare industry and industry 4.0 is expected to open lucrative opportunities for the market for Robotics pose lucrative opportunities for the Global market.

Analyst Comment: “The revolution of digitization and Industry 4.0 has driven growth in automation across industries; hence, there has been a resulting need for advanced and automated solutions by way of adoption, such as robotics, in optimizing production processes. The robotics sector comprises some of the significant components illuminated in Industry 4.0, including connectivity and data. Advanced robots with improved functionality have been continuously developed through technological advancements and innovations, further fueling market growth.”

Figure1:Robotics Market, 2018 - 2032 (USD Million)

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

Robotics Market Opportunity

Advancement Of Robotics in Healthcare Industry

Robots are revolutionizing the way medical procedures are conducted by expediting supply delivery and disinfection and freeing up time for clinicians to connect with patients. Robots are now being employed in clinical areas to aid healthcare personnel and improve patient care, in addition to the operating room. To assist decrease exposure to bacteria during the COVID-19 pandemic, hospitals and clinics began deploying robots for a larger range of jobs. It has become obvious that the operational efficiency and risk reduction afforded by health robots contribute value in a variety of ways. In healthcare, robots have several benefits.

Furthermore, the expanding usage of robots in healthcare delivery indicates that the employment of robots will become routine soon. Due to its numerous uses and benefits, robotics in healthcare has the potential to revolutionize the industry. It benefits both healthcare providers and patients. The following are the advantages of robots in the healthcare sector:

Minimally invasive operations, personalized and regular monitoring for patients with chronic conditions, intelligent medicines, and social engagement for the elderly can all be aided by medical robots. Nurse robots can accomplish activities comparable to human nurses without tiring. While nurse robots do minor or less urgent chores, nurses and carers may concentrate on more vital activities while simultaneously emphasizing human connection and empathy, enhancing the patient's long-term well-being. Therefore, with the adoption of robots in sectors like healthcare and its allied fields, the application and capabilities of Robots are improving, and rapid expansion of healthcare industry will provide an opportunity for the growth of robotics over the forecast period.

Robotics Market Component Segment Insights:

Robotics Type Insights

Based on Type, the Robotics Market segmentation includes Autonomous Mobile Robots (AMRs), Automated Guided Vehicles (AGVs), Articulated Robots, Humanoids, Collaborative Robots (Cobots) and Others. The Articulated Robots segment held the majority share in 2023, contributing around ~40.5% to the market revenue. Robots with rotating joints are referred to as articulated robots. In the area of robotics, these joints are frequently referred to as axes. Servo motors are commonly used to power articulated robots, which can range in complexity from a two-axis design to ones with ten or more axes. Six axes are the most common number of axes on industrial robots, which typically feature four to six.

Compared to other robot types, articulated robots have the most degrees of freedom, which is why manufacturers frequently use them. They are the perfect alternatives for manufacturing lines because of their increased range of motion, which closely resembles that of a person. They also give production processes additional flexibility. They are better able to adjust to changes in the manufacturing process or workpieces since they can perform a variety of movements. The robot's work envelope is expanded by enhanced motion, allowing it to handle a wider range of objects, from small to large. Through the variety of tasks, they may perform, they also offer versatility. Arc welding is one of several uses here, along with material handling, assembly, part transfer, pick and place, packing, machine loading, and palletizing. Many articulated robots, like the FANUC R-2000ib/125L, are built to handle a variety of tasks.

Figure2:Robotics Market, by Type, 2023 & 2032 (USD Million)

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

Robotics Market Vehicle Environment Segment Insights:

Robotics Vehicle Environment Insights

Based on Environment, the Robotics Market segmentation includes Aerial, Ground and Marine. The Ground segment held the majority share in 2023 contributing around ~73.1% to the market revenue. In ground applications, robots and autonomous vehicles are used for tasks such as land surveying, soil sampling, and monitoring environmental conditions in difficult terrains. These robots can be equipped with sensors and cameras to collect data and perform environmental assessments. A vehicle that works while in physical touch with the ground and without a human operator is referred to as an unmanned ground vehicle (UGV). UGVs can be employed in a variety of situations where having a human operator present might be difficult, risky, or impossible. Typically, a vehicle will include a collection of sensors to examine its surroundings and make decisions about how to behave either on its own or by relaying information to a human operator at a remote place who will teleoperate to manage the vehicle.

Marine robotic vehicles, such as remotely operated underwater vehicles (ROVs), autonomous underwater vehicles (AUVs), and unmanned surface vessels (USVs), are practical subaquatic tools with a wide range of applications, including mapping the seafloor, inspecting shipwrecks, and monitoring ecosystems. In marine applications, underwater robots, or autonomous underwater vehicles (AUVs) have been employed for tasks like oceanographic research, underwater exploration, and monitoring marine ecosystems. These robots are designed to navigate underwater environments and collect data on water quality, marine life, and underwater structures.

Robotics Market Mobility Segment Insights:

Robotics Mobility Insights

Based on Mobility, the Robotics Market segmentation includes Mobile Robotics and Fixed Robotics. By Mobility, Mobile Robotics segment hold the majority market share in 2023 contributing 66.1% of the market share. Mobile robots are automatic machines that can move around in their environment. These robots are generally controlled by sensors and software to identify the surroundings. Mobile robots combine artificial intelligence with physical robot movement, which allows them to navigate their surroundings. Autonomous and non-autonomous are the two types of mobile robotics. Autonomous mobile robots (AMR) can explore the environment without external guidance. AMRs are equipped with complex sensors to detect objects in real-time. The field of mobile robotics is vital for companies to utilize AI technology correctly. With the development of mobile hoover cleaners, which have nearly full autonomy, mobile robotics has made its way into common household applications. Artificial intelligence advancements and their applications are expected to significantly increase the usefulness and use of mobile robots in the future

Fixed robots cannot move their base away from the area of their operation. Fixed robots are also called industrial robots that work in a well-defined environment implemented for robots. Fixed robots are attached to a stable mount on the ground; hence, they can compute their position based on the internal state whereas mobile robots have to rely on the perception of the environment. Some advantages of fixed robots are increased efficiency, higher quality, improved working environment, and increased profitability. Six-axis robots and SCARA are the two types of fixed robots.

Robotics Market Application Segment Insights:

Robotics Application Insights

Based on Application, the Robotics Market segmentation includes Material Handling, Assembling & Disassembling, Welding & Soldering, Dispensing & Processing, Security & Inspection, Cleaning & Sanitization, Personal Assistance, and Others. By Application, Material Handling segment hold the majority market share in 2023 contributing 26.6% of the market share. The robot's basic capacity to move things is used for material handling (MH). The robot may carry products from one place to another with efficiency and accuracy by equipping it with the proper end-of-arm equipment (such as a gripper). Kawasaki's material handling robots can eliminate the requirement of hazardous, tedious, or fatiguing labor in an industrial environment. 52 versions with payload capacities ranging from 2 to 1500 kg are included in the list of Kawasaki MH robots. Conveyor tracking, collision detection, and servo-controlled end-of-arm tooling are just a few of the possibilities the Kawasaki robot controllers provide to help with MH applications. These MH robots can communicate with many pieces of machinery, including carousels, guided vehicles, automated storage and retrieval systems, conveyors, and containers.

Robots designed specifically for cleaning, sanitization, and disinfection are created and programmed to keep the surroundings clean. They sanitize, clean, and even mop and hoover the floors. Each disinfection robot is unique; some offer both sanitation and cleaning, while others solely provide sanitation. Disinfection Robots are automated robots that are employed in a variety of settings, including hospitals, clinics, research labs, etc., to disinfect or clean furniture, walls, equipment, etc. These robots offer outstanding defense against the spread of bacteria, viruses, and other microorganisms. When compared to human errors, they are simpler, more convenient, and impossible to make. Disinfecting agents such as UV-C light, hydrogen peroxide vapor, and other technologies are utilized by self-contained devices known as disinfection robots to get rid of dangerous germs on surfaces and in the air.

Robotics Market End-User Segment Insights:

Robotics End-User Insights

Based on End-User, the Robotics Market segmentation includes Domestic/Household, Industrial, Medical & Healthcare, Farming and Agriculture, Retail and Hospitality, Logistics & Warehousing, Military & Defense, Construction & Infrastructure, Marine, Education, Sports & Entertainment, and Others. By End-User, Industrial segment hold the majority market share in 2023 contributing 32.4% of the market share. 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.

A mechanical device that has been designed to automatically carry out production-related duties in industrial settings is referred to as an industrial robot. Due to their reprogramming ability and versatility in terms of robotic applications, industrial robots are regarded as a type of flexible automation. Robots are used in rubber industries, plastic, and chemical industries. Companies like ABB, FANUC, and KUKA are creating robots that are used in the rubber and plastics industry. Others include Textiles and Apparel, Paper and Pulp, Renewable Energy, and many others. Robotics can be employed in textile and apparel manufacturing for tasks like material handling, sewing, cutting, and quality control. Robotics can be utilized in paper and pulp manufacturing processes for tasks like material handling, sorting, and quality control. Robotics is used in the renewable energy sector, such as in wind turbine installation and maintenance, solar panel manufacturing, and hydroelectric power plant operations.

Robotics Regional Insights

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.

Robotics Key Market Players & Competitive Insights

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.

Key Companies in the Robotics 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


• Denso Corporation

Robotics Industry Developments

• In April 2024, Siemens, Universal Robots (UR), and Zivid have collaborated to introduce a next-generation solution for intra-logistics fulfillment, integrating advanced vision technology and collaborative robotics


• In May 2023, Universal Robots, the Danish producer of collaborative robots (cobots) announced a new partnership with Denali Advanced Integration, a leading services and global technology integrator. Denali has become Universal Robots’ biggest Certified Solution Partner (CSP).


• In June 2023, Boston Dynamics has enhanced its Spot robot with new inspection capabilities and safety features, alongside a partnership with Levatas to integrate AI-driven industrial inspection systems.

Robotics Market Segmentation:

Robotics Type Outlook

• Autonomous Mobile Robots (AMRs)


• Automated Guided Vehicles (AGVs)


• Articulated Robots


• Humanoids


• Collaborative Robots (Cobots)


• Others

Robotics Environment Outlook

• Aerial


• Ground


• Marine

Robotics Mobility Outlook

• Mobile Robotics


• Fixed Robotics

Robotics Application Outlook

• Material Handling


• Assembling & Disassembling


• Welding & Soldering


• Dispensing & Processing


• Security & Inspection


• Cleaning & Sanitization


• Personal Assistance


• Others

Robotics End User Outlook

• Domestic/Household
  
  
  
  • Floor Cleaning
  
  
  • Lawn Cleaning
  
  
  • Pool Cleaning
  
  
  • Window Cleaning
  
  
  • Others
  
  
  
  


• Industrial
  
  
  
  • Automotive
  
  
  • Electrical & Electronics
  
  
  • Food & Beverages
  
  
  • Pharmaceuticals and Biotech
  
  
  • Cosmetics
  
  
  • Dairy
  
  
  • Metals & Machinery
  
  
  • Plastics, Rubbers, & Chemicals
  
  
  • Others
  
  
  
  


• Medical & Healthcare


• Farming and Agriculture


• Retail and Hospitality


• Logistics & Warehousing


• Military & Defense


• Construction & Infrastructure


• Marine


• Education


• Sports & Entertainment


• Others

Robotics Regional Outlook

• North America


• US


• Canada


• Mexico


• Europe


• Germany


• UK


• France


• Russia


• Italy


• Spain


• Rest of Europe


• Asia-Pacific


• China


• Japan


• India


• South Korea


• Malaysia


• Indonesia


• Thailand


• Rest of Asia-Pacific


• Middle East & Africa


• GCC Countries


• South Africa


• Rest of Middle East & Africa


• South America


• Brazil


• Argentina

Rest of South America