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Robotics Market

Global Robotics Market Size, Share, Trends, Report, Growth: By Type: Industrial Robotics, Service Robotics; By Application: Household, Entertainment, Military and Defence, Field and Logistics, Healthcare, Infrastructure, Mobile Platform, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032

Global Robotics Market Outlook

The global robotics market size is aided by the growth of the global industrial robotics market, which attained USD 28.31 billion in 2023. The global industrial robotics market is expected to grow at a CAGR of 11% in the forecast period of 2024-2032 to reach USD 72.41 billion by 2032.

 

Robotics refers to a branch of technology which is associated with the design, operation, construction, and application of robots in various fields. The field overlaps with electronics, computer science, artificial intelligence, mechatronics, nanotechnology, and bioengineering.

 

One of the earliest recorded designs for a humanoid robot was made by Leonardo da Vinci. Around 1495, he sketched plans for a mechanical knight, a human-like machine capable of sitting up, waving its arms, and moving its head and jaw.

 

AI is often integrated into robotics to enhance the autonomy and decision-making capabilities of robots, which include machine learning, computer vision, and natural language processing. The future of robotics promises even more integration with AI increased collaboration between humans and robots (cobots), advancements in soft robotics, and broader application in various fields, including autonomous vehicles and smart homes.

 

Global Robotics Market

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Robotics Market Segmentation

On the basis of type, the market is divided into:

  • Industrial Robotics
  • Service Robotics

 

The industrial robotics is further divided on the basis of types into articulated robots, SCARA robots, cartesian robots, and cylindrical robots, among others, whereas service robotics is further divided into personal and domestic robots, and professional robots, among others.

 

The demand for industrial robotics has been increasing steadily, driven by several key factors. One of the primary drivers of industrial robotics is the growing need for automation in manufacturing. Robots can perform repetitive, precise tasks more efficiently and consistently than human workers, leading to increased productivity, higher-quality products, and reduced manufacturing time.

 

In many developed countries, industries face labour shortages, especially in tasks that are dangerous, dull, or dirty. Robots help mitigate these labour shortages. Additionally, although the initial investment in robotics can be high, they can reduce long-term labour costs, contributing to cost savings for companies.

 

Advancements in technology, such as improved sensors, machine learning, and artificial intelligence, have made industrial robots more capable, flexible, and easy to integrate with other digital systems. This increases their utility and application in various industrial processes.

 

By application, the market is segmented into:

  • Household
  • Entertainment
  • Military and Defence
  • Field and Logistics
  • Healthcare
  • Infrastructure
  • Mobile Platform
  • Others

 

Global Robotics Market By Region

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The robotics market growth in the military and defence sector is substantial and continuously growing, driven by several key factors. Robotics plays a crucial role in performing tasks that are dangerous for human personnel, such as bomb disposal, reconnaissance in hostile territories, and surveillance of high-risk areas. By using robots, the risk to human soldiers is significantly reduced.

 

Continuous advancements in technology, such as improved sensors, AI, and autonomous systems, have increased the capabilities of military robots, making them more efficient and versatile. These advancements allow for more complex and sensitive operations to be carried out by robots.

 

Robots can operate in environments and conditions where humans might struggle, such as extreme weather, hazardous materials, and challenging terrains. This capability enhances the operational efficiency of military missions. Furthermore, the use of unmanned aerial vehicles (UAVs or drones), unmanned ground vehicles (UGVs), and unmanned maritime vehicles (UMVs) in surveillance, reconnaissance, and targeted operations has become a significant aspect of modern warfare and defence strategies.

 

The report also covers the major regional markets for robotics, which are as follows:

  • North America
  • Europe
  • Asia Pacific 
  • Latin America
  • Middle East and Africa

 

Robotics Market Analysis

The market is driven by continuous advancements in technology, including AI, machine learning, sensor technology, and computer vision. These innovations are some of the crucial robotics market trends that enhance the capabilities of robots, making them more autonomous, efficient, and adaptable.

 

The increasing need for efficiency, precision, and cost reduction in various industries is driving the demand for robotic automation. The push for automation is particularly strong in manufacturing, logistics, and healthcare. The Asia Pacific region, particularly countries like China, Japan, and South Korea, is leading in terms of robotics adoption, largely due to the strong manufacturing sector. North America and Europe also have significant markets, driven by advanced technology adoption and research and development.

 

Ongoing technological transformations to aid the market growth

The robotics market demand is expected to be supported by the major transformation of robots and their use as surgical assistants, personal assistants, autonomous vehicles, exoskeletons, delivery vehicles, and crewless aerial vehicles, among many other uses. The technological transformations associated with interaction, cognition, and manipulation, have led to the growing attraction of robots across the globe. Technology and various component providers are upgrading their existing systems, enhancing the robotics market value.

 

Further, after the COVID-19 outbreak, technology is seen as a significant medium which helps contain the spread of this virus and is currently helping deal with the existing cases. Many hospitals across the globe have adopted robotics to aid both the healthcare staff and patients. All these factors are expected to positively influence the market growth of robotics over the forecast period.

 

Global Robotics Market By Region

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Regional Insights

Significant contribution from the Asia Pacific region to aid the market growth

The Asia Pacific region occupies a significant robotics market share. The region is expected to witness the highest growth rate over the forecast period. Within Asia Pacific, China is expected to lead the market growth as the country is adopting robotics as a result of the country’s developing electronic and automotive manufacturing sectors.

 

Further, as these sectors are growing at a rapid speed in other countries like India, there is a large potential for market growth. Moreover, the market growth is invigorated by the ageing population in countries within the Asia Pacific region, like China and Japan, consequently aiding the medical technology sector, and helping generate a huge market for service robots in the region.

 

Many governments in the Asia Pacific region have initiated policies and investments to promote the development and adoption of robotics. For example, China's "Made in China 2025" plan includes a significant focus on robotic technology. Similarly, Japan and South Korea have substantial government-backed initiatives to advance their robotics sectors.

 

In several Asia Pacific countries, labour costs have been rising, and there is a growing concern about an ageing workforce. Robotics offers a solution to these challenges by automating tasks and compensating for labour shortages, especially in countries like Japan. The logistics and supply chain sector in the region is also rapidly adopting robotics to increase efficiency and accuracy in warehouses and distribution centres, driven by the e-commerce boom.

 

Key Players in the Market

The report gives a detailed analysis of the following key players in the global robotics market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

 

  • FANUC Corporation
  • ABB Ltd
  • Denso Corporation
  • Toshiba Infrastructure Systems & Solutions Corporation
  • Mitsubishi Electric Corporation
  • Yaskawa Electric Corporation
  • Others

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Application
  • Region
Breakup by Type
  • Industrial Robotics
  • Service Robotics
Breakup by Application
  • Household
  • Entertainment
  • Military and Defence
  • Field and Logistics
  • Healthcare
  • Infrastructure
  • Mobile Platform
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • FANUC Corporation
  • ABB Ltd
  • Denso Corporation
  • Toshiba Infrastructure Systems and Solutions Corporation
  • Mitsubishi Electric Corporation
  • Yaskawa Electric Corporation
  • Others

 

Robotics Market Report Snapshots

Robotics Market Size

Robotics Market Analysis

Robotics Market Regional Analysis

Robotics Companies

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Robotics Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Robotics Historical Market (2018-2023) 
    8.3    Global Robotics Market Forecast (2024-2032)
    8.4    Global Robotics Market by Type 
        8.4.1    Industrial Robotics
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
            8.4.1.3    Breakup by Type
                8.4.1.3.1    Articulated Robots
                    8.4.1.3.1.1    Historical Trend (2018-2023)
                    8.4.1.3.1.2    Forecast Trend (2024-2032)
                8.4.1.3.2    SCARA Robots
                    8.4.1.3.2.1    Historical Trend (2018-2023)
                    8.4.1.3.2.2    Forecast Trend (2024-2032)
                8.4.1.3.3    Cartesian Robots
                    8.4.1.3.3.1    Historical Trend (2018-2023)
                    8.4.1.3.3.2    Forecast Trend (2024-2032)
                8.4.1.3.4    Cylindrical Robots
                    8.4.1.3.4.1    Historical Trend (2018-2023)
                    8.4.1.3.4.2    Forecast Trend (2024-2032)
                8.4.1.3.5    Others
        8.4.2    Service Robotics
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
            8.4.2.3    Breakup by Type
                8.4.2.3.1    Personal and Domestic Robots
                    8.4.2.3.1.1    Historical Trend (2018-2023)
                    8.4.2.3.1.2    Forecast Trend (2024-2032)
                8.4.2.3.2    Professional Robots
                    8.4.2.3.2.1    Historical Trend (2018-2023)
                    8.4.2.3.2.2    Forecast Trend (2024-2032)
                8.4.2.3.3    Others
    8.5    Global Robotics Market by Application
        8.5.1    Household
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Entertainment
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Military and Defence
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Field and Logistics
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Healthcare
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Infrastructure
            8.5.6.1    Historical Trend (2018-2023)
            8.5.6.2    Forecast Trend (2024-2032)
        8.5.7    Mobile Platform
            8.5.7.1    Historical Trend (2018-2023)
            8.5.7.2    Forecast Trend (2024-2032)
        8.5.8    Others 
    8.6    Global Robotics Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023)
            8.6.5.2    Forecast Trend (2024-2032)
9    North America Robotics Market Analysis
    9.1    United States of America
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Robotics Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Robotics Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Robotics Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Robotics Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    FANUC Corporation
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    ABB Ltd
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Denso Corporation
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Toshiba Infrastructure Systems and Solutions Corporation
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Mitsubishi Electric Corporation
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Yaskawa Electric Corporation
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Robotics Market: Key Industry Highlights, 2018 and 2032
2.    Global Robotics Historical Market: Breakup by Type (USD Billion), 2018-2023
3.    Global Robotics Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.    Global Robotics Historical Market: Breakup by Application (USD Billion), 2018-2023
5.    Global Robotics Market Forecast: Breakup by Application (USD Billion), 2024-2032
6.    Global Robotics Historical Market: Breakup by Region (USD Billion), 2018-2023
7.    Global Robotics Market Forecast: Breakup by Region (USD Billion), 2024-2032
8.    North America Robotics Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    North America Robotics Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Europe Robotics Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    Europe Robotics Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Asia Pacific Robotics Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Asia Pacific Robotics Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Latin America Robotics Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Latin America Robotics Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Middle East and Africa Robotics Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Middle East and Africa Robotics Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Global Robotics Market Structure

Key Questions Answered in the Report

In 2023, the market attained a value of approximately USD 28.31 billion.

The market is projected to grow at a CAGR of 11% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 72.41 billion by 2032.

The major drivers of the market include the increasing geriatric population and the extensive applications of robotics.

The key trends of the market include the rising use of robots in the healthcare sector and growing demand from developing regions.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major types of robotics in the market are industrial robotics, and service robotics, among others.

The significant applications of robotics are household, entertainment, military and defence, field and logistics, healthcare, infrastructure, and mobile platform, among others.

The key players in the global robotics market are FANUC Corporation, ABB Ltd, Denso Corporation, Toshiba Infrastructure Systems & Solutions Corporation, Mitsubishi Electric Corporation, and Yaskawa Electric Corporation, among others.

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