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Global Robotics Technology Market Size, Share, Analysis: 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 14.2% to reach USD 350.34 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.

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: 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 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	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 14.2% between 2024 and 2032.

What are the major market drivers?

The major drivers of the market include the rising utilisation of robotics technology in small and medium-sized enterprises, the increasing attempts to enhance production efficiency in various end-use sectors, and the growing adoption of big data technology and artificial intelligence.

What are the key trends of the market?

The key trends guiding the market growth include the introduction of Industry 4.0 in various sectors, the robust growth of the e-commerce sector, the shift towards automation, and technological advancements and innovations.

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

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

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 robotics technology?

The various applications of robotics technology are manufacturing, healthcare, aerospace and defence, media and entertainment, and logistics, among others.

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

The major players in the market 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 14.2%.

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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