Micro Robots Market Summary
As per Market Research Future Analysis, the Global Micro Robots Market was valued at USD 30.20 billion in 2022 and is projected to reach USD 104.53 billion by 2030, growing at a CAGR of 16.79% from 2023 to 2030. The market growth is driven by the increasing applications of micro-robots in various industries and the rising demand for minimally invasive surgical procedures. The semi-autonomous segment dominated the market in 2022, while the bio-hybrid material type is expected to grow the fastest during the forecast period. North America held the largest market share in 2022, with significant growth anticipated in the Asia-Pacific region due to chronic disease prevalence and an aging population.
Key Market Trends & Highlights
Key trends driving the Micro Robots Market include advancements in surgical robotics and increasing demand for minimally invasive procedures.
- Market size in 2022: USD 30.20 billion; projected to reach USD 104.53 billion by 2030.
- CAGR during 2023-2030: 16.79%; driven by technological advancements and increasing surgical applications.
- Semi-autonomous segment held majority share in 2022; autonomous robots expected to grow fastest.
- North America accounted for the largest market share in 2022; Asia-Pacific projected to grow at the fastest rate.
Market Size & Forecast
| 2022 Market Size | USD 30.20 Billion |
| 2023 Market Size | USD 35.27 Billion |
| 2030 Market Size | USD 104.53 Billion |
| CAGR (2023-2030) | 16.79% |
Major Players
Key players include Thermo Fisher Scientific (US), Seiko Epson Corporation (Japan), QinetiQ (UK), and Medtronic (Ireland).
Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review