Reports

Robotics Technology Market

Global Robotics Technology Market Size, Share, Trends: By Component: Hardware, Software, Services; By Robot Type: Traditional Industrial Robots, Cobots, Professional Service Robots, Others; By Application: Manufacturing, Healthcare, Aerospace and Defence, Media and Entertainment, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Robotics Technology Market Outlook

The global robotics technology market stood at a value of around USD 106.05 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 12.9% to reach USD 319.42 billion by 2032.           

 

Global Robotics Technology Market

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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.

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: Market 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.

 

Global Robotics Technology Market by Segment

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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.

 

Global Robotics Technology Market by Region

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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 market based on the Porter's five forces model along with giving a SWOT analysis.

 

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- 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, 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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    Opportunities and Challenges in the Market
8    Global Robotics Technology Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Robotics Technology Historical Market (2018-2023) 
    8.3    Global Robotics Technology Market Forecast (2024-2032)
    8.4    Global Robotics Technology Market by Component
        8.4.1    Hardware
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Software
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Services
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
    8.5    Global Robotics Technology Market by Robot Type
        8.5.1    Traditional Industrial Robots
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Cobots
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Professional Service Robots
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Others
    8.6    Global Robotics Technology Market by Application
        8.6.1    Manufacturing
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Healthcare
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Aerospace and Defence
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Media and Entertainment
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Logistics 
            8.6.5.1    Historical Trend (2018-2023)
            8.6.5.2    Forecast Trend (2024-2032)
        8.6.6    Others    
    8.7    Global Robotics Technology Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Robotics Technology 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 Technology 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 Technology 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 Technology 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 Technology 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    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    ABB Ltd.
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    DENSO Corporation
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    FANUC America Corporation
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Kawasaki Heavy Industries, Ltd.
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    KUKA Aktiengesellschaft
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Mitsubishi Electric Corporation
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Omron Corporation
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

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

Key Questions Answered in the Report

What was the global robotics technology market size in 2023?

In 2023, the global robotics technology market attained a value of nearly USD 106.05 billion.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 12.9% between 2024 and 2032.

What are the major industry drivers?

Improved quality, cost reduction, improved workplace health, and increased production efficiency, rising demand from small and medium scale enterprises in developing countries, economic expansion, adoption of big data technology and artificial intelligence, introduction of Industry 4.0 in various sectors, and rising e-commerce industry are the major drivers for the growth of the market.

What are the key industry trends of the global robotics technology market?

The key market trends guiding the industry's growth include the growing technological advancements and the increasing shift towards automation.

What are the major regional markets of global robotics technology market, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with Asia Pacific accounting for the largest share in the market.

What are the significant components in the market?

Software, hardware, and services are the major components in the market.

What are the major robot types in the market?

Traditional industrial robots, cobots, and professional service robots, among others are the major robot types in the market.

What are the various applications of the market?

The various applications include manufacturing, healthcare, aerospace and defence, media and entertainment, and logistics, among others.

Who are the key industry players, according to the report?

The major players in the industry are ABB Ltd., DENSO Corporation, FANUC America Corporation, Kawasaki Heavy Industries, Ltd., KUKA Aktiengesellschaft, Mitsubishi Electric Corporation, and Omron Corporation, among others.

Analyst Review

The global robotics technology market attained a value of USD 106.05 billion in 2023, driven by the increasing shift towards automation. Aided by rising demand from small and medium scale enterprises in developing countries and growing technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 12.9%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its component, the robotics technology industry can be segmented into software, hardware, and services. Based on robot type, the robotics technology industry can be segmented into traditional industrial robots, cobots, and professional service robots, among others. Based on application, the robotics technology industry can be segmented into manufacturing, healthcare, aerospace and defence, media and entertainment, and logistics, among others. The major regional markets for robotics technology are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with Asia Pacific accounting for the largest share of the market. The key players in the above market include ABB Ltd., DENSO Corporation, FANUC America Corporation, Kawasaki Heavy Industries, Ltd., KUKAAktiengesellschaft, Mitsubishi Electric Corporation, and Omron Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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