Robotics Market is predicted to reach USD 214.60 billion at a CAGR of 22.80% during the forecast period

Robotics Market is predicted to reach USD 214.60 billion at a CAGR of 22.80% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “Global Robotics Market”.


MRFR recognizes the following companies as the key players in the global Robotics Market — Universal Robots A/S (Denmark), Kawasaki Heavy Industries Ltd. (China), BOSTON DYNAMICS (US), iROBOT Corporation (US), Nachi-Fujikoshi Corp (Japan), Honda Motor Co. Ltd (Japan), Mitsubishi Electric Corporation (Japan), ABB Limited (Switzerland), Sony Corporation (Japan), Northrop Grumman Corporation(US), Kuka AG (Germany), Omron Corporation(Japan), FANUC CORPORATION(Japan), Yaskawa Electric Corporation(Japan), and Denso Corporation (Japan).


Market Highlights


The global Robotics Market is accounted to register a CAGR of 22.80% during the forecast period and is estimated to reach USD 214.60 billion by 2030.


the robotics market was rapidly expanding and evolving across various industries and applications. Robotics refers to the interdisciplinary field involving the design, construction, operation, and use of robots. These robots can range from industrial robots used in manufacturing to service robots used in healthcare, agriculture, logistics, and more.


Segment Analysis


The global Robotics Market has been segmented based on Type, Mobility, and End-Users.


The robotics market segmentation, based on type, includes SCARA, cartesian, articulated, cylindrical, parallel, and others. The articulated segment held the majority share in 2021 of the robotics market revenue because articulated joint robots can conduct circular motion, which is more advantageous than other motions. A robot with rotating joints is an articulated robot (e.g., a legged robot or an industrial robot). Simple two-jointed constructions of systems with ten or more interacting joints and materials are all examples of articulating robots. Many other sources, including electric motors, are used to power them.


The robotics market segmentation, based on mobility, includes fixed robots and mobile robots. The mobile robots segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period 2022-2030. An automated machine with the ability to move about is called a mobile robot. The fields of robotics and information engineering are typically considered to include mobile robotics as a subject. Mobile robots are not confined to a single physical area and can move around in their surroundings. Mobile robots are capable of being "autonomous" (AMR, autonomous mobile robot), which means they can move around freely without any mechanical or electrical guiding systems, positively impacting the market growth.


The robotics market data has been bifurcated by end-users into medical, entertainment, field, logistics, defense, public safety, manufacturing, and others. The manufacturing segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period 2022-2030. Robots are employed in manufacturing to do repetitive activities, streamlining the workflow of the entire assembly process. Robots and humans work together to produce products. Numerous tasks are hazardous or involve large amounts of materials, which can be risky for human employees. From 2010 to 2019, the annual installation of industrial robots increased exponentially. Due to great production, constant speed & quality, enhanced workplace safety, and better floor space utilization, industrial robot installation reached up to 381 thousand units globally.


Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Robotics Market Research Report


Regional Analysis


The global Robotics Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific market accounted for USD 18.22 billion in 2021 and is expected to exhibit a significant CAGR growth during the study period. Due to the widespread deployment of robotics, the Asia-Pacific region is predicted to have a sizable market share. Furthermore, due to the extensive deployment of the electronic and automotive manufacturing industries, South Korea and China are prominent in using robots. Further, the major countries studied in the market report are: The U.S., Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


North America robotics market accounts for the second-largest market share. Due to the expansion of small factories and industrial automation, the North American Region was the first to use industrial robots. Due to its higher rate of robot adoption, the United States is the top nation. Further, the US robotics market held the largest market share, and the Canada robotics market was the fastest-growing market in the North America region.


The Europe Robotics Market is expected to grow at the fastest CAGR from 2022 to 2030. Europe's regional market is expanding due to the continent's rapid adoption of robotics in the home and industrial sectors. The rapid growth and development of cutting-edge robotics technology drive the regional market. Moreover, the Germany robotics market held the largest market share, and the UK robotics market was the fastest-growing market in the European region.


Key Findings of the Study



  • The global Robotics Market is expected to reach USD 214.60 billion by 2030, at a CAGR of 22.80% during the forecast period.

  • The Europe Robotics Market is expected to grow at the fastest CAGR from 2022 to 2030. Europe's regional market is expanding due to the continent's rapid adoption of robotics in the home and industrial sectors.

  • The robotics market segmentation, based on type, includes SCARA, cartesian, articulated, cylindrical, parallel, and others. The articulated segment held the majority share in 2021 of the robotics market revenue because articulated joint robots can conduct circular motion, which is more advantageous than other motions.

  • Universal Robots A/S (Denmark), Kawasaki Heavy Industries Ltd. (China), BOSTON DYNAMICS (US), iROBOT Corporation (US), Nachi-Fujikoshi Corp (Japan), Honda Motor Co. Ltd (Japan), Mitsubishi Electric Corporation (Japan), ABB Limited (Switzerland), Sony Corporation (Japan), Northrop Grumman Corporation(US), Kuka AG (Germany), Omron Corporation(Japan), FANUC CORPORATION(Japan), Yaskawa Electric Corporation(Japan), and Denso Corporation (Japan)

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