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Global Robotics Technology Market: By Component: Hardware, Software, Services; By Robot Type: Traditional Industrial Robots, Cobots, Professional Service Robots, Others; By Application; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: Swot Analysis; Competitive Landscape; Industry Events and Developments

Global Robotics Technology Market Outlook

The global robotics technology market stood at a value of around USD 71.2 billion in 2020. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 14.2% to reach USD 144 billion by 2026.

 

Healthcare Segment Predicted to Hold a Significant Share of the Robotics Technology Industry over the Forecast Period

Based on application, the healthcare segment is predicted to hold a significant market share during the forecast period. In the healthcare sector, robots are employed for various applications such as diagnostics, surgery, physical and mental therapy, and patient care, among others.

 

Global Robotics Technology Market

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This is expected to drive the growth of the segment in the forecast period. Meanwhile, the applications of service robots in the logistic industry are predicted to witness a considerable growth in the forecast period. The rising e-commerce industry is the primary growth driver for the demand for robotics technology in the logistics industry.

 

Robotics Technology Industry in the Asia Pacific Expected to Grow Significantly During the Forecast Period

Geographically, the Asia Pacific market is predicted to grow considerably over the forecast period, with China as a major contributor due to the rapid deployment of robots in the electronics and automotive sectors. Moreover, the economic expansion in other nations, such as India, is creating favourable conditions for the robotics technology industry growth in the region. Moreover, the adoption of big data technology and artificial intelligence with the introduction of Industry 4.0 in various sectors is anticipated to enhance the global robotics technology industry growth in the coming years.

 

Robotics Technology: Industry Definition and Segmentation

Robotics technology is the intersection of science, engineering, and technology for producing robots, which are used to imitate human actions. Some robots are even able to perform simple decision-making using artificial intelligence tools. Robots can perform tasks that are either monotonous or too dangerous for a human to conduct safely.

By component, the industry can be segmented into:

  • Hardware
  • Software
  • Services

Based on robot type, the industry can be divided into:

  • Traditional Industrial Robots 
  • Cobots 
  • Professional Service Robots
  • Others

On the basis of application, the industry can be categorised into:

  • Manufacturing
  • Healthcare
  • Aerospace and Defence
  • Media and Entertainment
  • Logistics
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Growing Shift towards Automation and the Increased Focus on Enhancing Production Efficiency to Bolster the Growth of the Global Robotics Technology Industry

The growing technological advancements and the increasing shift towards automation are the major factors driving the robotics technology industry growth. In addition, the industry is predicted to grow significantly during the forecast period driven by advantages such as improved quality, cost reduction, and increased production efficiency, among others. In the rapidly changing industry, robots provide services more efficiently with reduced wastage. The rising demand from small and medium scale enterprises in developing countries is expected to propel the growth of the robotics technology industry globally.

 

Key Industry Players in the Global Robotics Technology Market

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

  • ABB Ltd. 
  • DENSO Corporation 
  • FANUC America Corporation 
  • Kawasaki Heavy Industries, Ltd. 
  • KUKA Aktiengesellschaft  
  • Mitsubishi Electric Corporation 
  • Omron Corporation
  • Others

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

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Component, Robot Type, Application, Region
Breakup by Component Hardware, Software, Services
Breakup by Robot Type Traditional Industrial Robots, Cobots, Professional Service Robots, Others
Breakup by Application Manufacturing, Healthcare, Aerospace and Defence, Media and Entertainment, Logistics, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered ABB Ltd., DENSO Corporation, FANUC America Corporation, Kawasaki Heavy Industries, Ltd., KUKA Aktiengesellschaft, Mitsubishi Electric Corporation, Omron Corporation, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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    Industry Opportunities and Challenges
8    Global Robotics Technology Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Robotics Technology Historical Market (2017-2021) 
    8.3    Global Robotics Technology Market Forecast (2022-2027)
    8.4    Global Robotics Technology Market by Component
        8.4.1    Hardware
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Software
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Services
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
    8.5    Global Robotics Technology Market by Robot Type
        8.5.1    Traditional Industrial Robots
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Cobots
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Professional Service Robots
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Others
    8.6    Global Robotics Technology Market by Application
        8.6.1    Manufacturing
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Healthcare
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Aerospace and Defence
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Media and Entertainment
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2017-2021)
            8.6.4.3    Forecast Trend (2022-2027)
        8.6.5    Logistics 
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2017-2021)
            8.6.5.3    Forecast Trend (2022-2027)
        8.6.6    Others
    8.7    Global Robotics Technology Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    ABB Ltd.
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    DENSO Corporation
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    FANUC America Corporation
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Kawasaki Heavy Industries, Ltd.
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    KUKA Aktiengesellschaft
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Mitsubishi Electric Corporation
            11.2.6.1    Company Overview
            11.2.6.2    Product Portfolio
            11.2.6.3    Demographic Reach and Achievements
            11.2.6.4    Certifications
        11.2.7    Omron Corporation 
            11.2.7.1    Company Overview
            11.2.7.2    Product Portfolio
            11.2.7.3    Demographic Reach and Achievements
            11.2.7.4    Certifications
        11.2.8    Others
12    Industry Events and Developments

 

List of Figures and Tables

1.    Global Robotics Technology Market: Key Industry Highlights, 2016 and 2026
2.    Global Robotics Technology Historical Market: Breakup by Component (USD Billion), 2017-2021
3.    Global Robotics Technology Market Forecast: Breakup by Component (USD Billion), 2022-2027
4.    Global Robotics Technology Historical Market: Breakup by Robot Type (USD Billion), 2017-2021
5.    Global Robotics Technology Market Forecast: Breakup by Robot Type (USD Billion), 2022-2027
6.    Global Robotics Technology Historical Market: Breakup by Application (USD Billion), 2017-2021
7.    Global Robotics Technology Market Forecast: Breakup by Application (USD Billion), 2022-2027
8.    Global Robotics Technology Historical Market: Breakup by Region (USD Billion), 2017-2021
9.    Global Robotics Technology Market Forecast: Breakup by Region (USD Billion), 2022-2027
10.    North America Robotics Technology Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    North America Robotics Technology Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Europe Robotics Technology Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Europe Robotics Technology Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Asia Pacific Robotics Technology Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Asia Pacific Robotics Technology Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Latin America Robotics Technology Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Latin America Robotics Technology Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Middle East and Africa Robotics Technology Historical Market: Breakup by Country (USD Billion), 2017-2021
19.    Middle East and Africa Robotics Technology Market Forecast: Breakup by Country (USD Billion), 2022-2027
20.    Global Robotics Technology Market Structure

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