Robotics Market Analysis

Global Robotics Market Overview

Robotics Market Size was valued at USD 71,196 Million in 2023. The Robotics industry is projected to grow from USD 83108.37 Million in 2024 to USD 286509.3 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 16.73% during the forecast period (2024 - 2032). Robotics is the intersection of science, engineering and technology that produces machines, called robots, that substitute for (or replicate) human actions. These robots are used by various end-users which includes medical, entertainment, field, logistics, defense and others. The robots market includes various types of robots, such as industrial robots, service robots, medical robots, agricultural robots, and autonomous vehicles. Industrial robots are used in manufacturing processes to automate tasks such as assembly, welding, and material handling. Service robots are designed to assist humans in various tasks, such as cleaning, caregiving, and customer service. Medical robots are used in healthcare settings for surgical procedures, rehabilitation, and diagnostics. Agricultural robots help with tasks like crop monitoring, harvesting, and livestock management. Autonomous vehicles, including self-driving cars and drones, are also part of the robots market.

FIGURE 1: ROBOTICS MARKET SIZE 2024-2032 (USD MILLION)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Robotics Market Trends

• 
  

  GROWTH IN THE ADOPTION OF INDUSTRIAL ROBOTICS

  
  

The robotics industry is witnessing rapid growth, fuelled by the increased adoption in the industrial sector. Many enterprises are predicted to adopt robots owing to trends in automation and innovative technological advancements. The development of robots with voice and language recognition, quick communication, learning capabilities, mobility, portability, and dexterity will further enhance the market size. The adoption of industrial robots is likely to increase sort and fill prescriptions, pick-and-pack warehouse orders, and sort, inspect, process, and handle fruits and vegetables.

Robot programming has transformed with simpler user interfaces resulting in unmanned aerial vehicles (UAVs) and autonomous vehicles. Industrial Robotics are being embraced in the construction industry for commercial construction, renovation, and demolition purposes. Industrial robots can produce high-quality products with precision and generate high returns on investments for the investors and improve safety in the workplace. The market is expanding as a result of rising demand from manufacturers for industrial robots for jobs that can be automated, improvements in worker safety, and high total production output with little waste and high running costs. According to the International Federation of Robotics (IFR), about 486,800 industrial robot units will be sold globally in 2022, representing a 27% increase over the previous year.

Robotics Market Segment Insights

Robotics Type Insights

Based on Type, the Robotics Market segmentation includes Autonomous Mobile Robots (AMRs), Automated Guided Vehicles (AGVs), Articulated Robots, Humanoids, Collaborative Robots (Cobots), Others. The Articulated Robots will be the majority share in 2022, contributing around 43.7% to the market revenue. Autonomous Mobile Robots, or AMRs, are robotic systems equipped with onboard sensors, navigation capabilities, and decision-making algorithms that allow them to move and operate in various environments without external guidance. These robots are designed to perform tasks autonomously, such as material handling, transportation, and inspection, in dynamic and changing environments like warehouses, factories, and hospitals. AMRs use technologies like computer vision, LiDAR, and SLAM (Simultaneous Localization and Mapping) to navigate and avoid obstacles. IT is a type of robot that can comprehend and navigate its surroundings on its own.

FIGURE 2: ROBOTICS MARKET, BY Type, 2022 VS 2032 (USD MILLION)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Robotics Environment Insights

Based on the Environment, the Robotics Market segmentation is Aerial, Ground, Marine. Ground Applications dominated the market in 2022. In ground applications, robots and autonomous vehicles are used for tasks such as land surveying, soil sampling, and monitoring environmental conditions in difficult terrains. These robots can be equipped with sensors and cameras to collect data and perform environmental assessments. A vehicle that works while in physical touch with the ground and without a human operator is referred to as an unmanned ground vehicle (UGV). UGVs can be employed in a variety of situations where having a human operator present might be difficult, risky, or impossible. Typically, a vehicle will include a collection of sensors to examine its surroundings and make decisions about how to behave either on its own or by relaying information to a human operator at a remote place who will teleoperate to manage the vehicle.

Robotics Mobility Insights

Based on Mobility, the Robotics Market segmentation includes Mobile Robotics and Fixed Robotics. Mobile Robotics held the majority share in 2022. Mobile robots are automatic machines that can move around in their environment. These robots are generally controlled by sensors and software to identify the surroundings. Mobile robots combine artificial intelligence with physical robot movement, which allows them to navigate their surroundings. Autonomous and non-autonomous are the two types of mobile robotics. Autonomous mobile robots (AMR) can explore the environment without external guidance. AMRs are equipped with complex sensors to detect objects in real-time. The field of mobile robotics is vital for companies to utilize AI technology correctly.

Robotics Application Insights

Based on Application, the Robotics Market segmentation includes Material Handling, Assembling & Disassembling, Welding & Soldering, Dispensing & Processing, Security & Inspection, Cleaning & Sanitization, Personal Assistance, Others. The Material Handling held the majority share in 2022. The robot's basic capacity to move things is used for material handling (MH). The robot may carry products from one place to another with efficiency and accuracy by equipping it with the proper end-of-arm equipment (such as a gripper). Kawasaki's material handling robots can eliminate the requirement of hazardous, tedious, or fatiguing labor in an industrial environment. 52 versions with payload capacities ranging from 2 to 1500 kg are included in the list of Kawasaki MH robots. Conveyor tracking, collision detection, and servo-controlled end-of-arm tooling are just a few of the possibilities the Kawasaki robot controllers provide to help with MH applications. These MH robots can communicate with many pieces of machinery, including carousels, guided vehicles, automated storage and retrieval systems, conveyors, and containers.

Robotics End-User Insights

Based on End-User, the Robotics Market segmentation includes (Domestic/Household {Floor Cleaning, Lawn Cleaning, Pool Cleaning, Window Cleaning, Others} Industrial {Automotive, Electrical & Electronics, Food & Beverages, Pharmaceuticals & Biotech, Cosmetics, Dairy, Metals & Machinery, Plastics, Rubbers, & Chemicals, Others}, Medical & Healthcare, Farming & Agriculture, Retail & Hospitality, Logistics & Warehousing, Military & Defense, Construction & Infrastructure, Marine, Education, Sports & Entertainment, Others). Based on Industrial, the market is further divided Automotive, Electrical & Electronics, Food & Beverages, Pharmaceuticals and Biotech, Cosmetics, Dairy, Metals & Machinery, Plastics, Rubbers, & Chemicals, and Others.

A mechanical device that has been designed to automatically carry out production-related duties in industrial settings is referred to as an industrial robot. Due to their reprogramming ability and versatility in terms of robotic applications, industrial robots are regarded as a type of flexible automation. Robots are increasingly becoming the preferred automation option for businesses because of their outstanding ability to boost output, produce goods of the highest quality, and cut costs.

Robotics Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East and Africa and South America. The North America Robotics market accounted for ~16.2% in 2022. It is expected to exhibit a significant CAGR growth during the study period. North America is one of the earliest adopters of industrial robotics due to the due to the swift adoption of smart factories and industrial automation. The region is also one of the leading automotive manufacturing markets after Europe and Asia. One of the primary drivers of growth in the North American robotics market can be attributed to expansions in the medical and healthcare industries. Robotic surgery, remote surgical procedures, remote consultation, and emergency services employing robotic arms have spurred the expansion of the robotics industry in North America.

The United States is the country with the highest rate of robot adoption, followed by Canada and Mexico. Rapid technological advancement, the existence of technically advanced customers, and supporting government regulations are all important elements contributing to North America's favourable outlook for robots. The US robotics sector is expected to develop in the future, and the federal government is investing in it because of the positive effects it will have on the country's economy as a whole and its ability to compete internationally. As part of the National Robotics Initiative, the United States created the Innovations in Integration of Robotics (NRI-3.0) program in 2021 to fund robotic research in the region. The program funds research that promotes robot integration and benefits humanity.

FIGURE 3: ROBOTICS MARKET SIZE BY REGION 2022 VS 2032

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Further, the major countries studied in the market report are the U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, South Korea, and Brazil.

Robotics Key Market Players & Competitive Insights

The Robotics Market has witnessed significant growth over the forecast period due to Growth in industrial robots, and the developing Artificial Intelligence (AI) technology. There are several domestic, regional, and global players operating in the Robotics Market who continuously strive to gain a significant share of the overall market. During the study, MRFR has analyzed some of the major players in the Robotics Market who have contributed to the market growth. These include Universal Robots A/S, Boston Dynamics, iRobot Corporation, Nachi-Fujikoshi Corp, Kawasaki Heavy Industries, Ltd., Honda Motor Co. Ltd, ABB Limited, Sony Corporation, Mitsubishi Electric Corporation, Northrop Grumman Corporation, Geekplus Technology Co., Ltd, Omron Corporation, FANUC Corporation, Kuka AG, Yaskawa Electric Corporation, and Denso Corporation.

Among these, FANUC Corporation, ABB Limited, Kawasaki Heavy Industries, Yaskawa Electric Corporation, and Denso Corporation are among the top 5 prominent players in the Robotics Market. These players focus on expanding and enhancing their product portfolio and services to remain competitive and increase their customer base. Additionally, these players are focusing on partnerships & collaborations to expand their business and customer base to enhance their market position.

Key Companies in the Robotics market include.

• Universal Robots A/S


• Boston Dynamics


• iRobot Corporation


• Nachi-Fujikoshi Corp


• Kawasaki Heavy Industries, Ltd


• Honda Motor Co. Ltd


• ABB Limited


• Sony Corporation


• Mitsubishi Electric Corporation


• Northrop Grumman Corporation


• Geekplus Technology Co., Ltd


• Omron Corporation


• FANUC CORPORATION


• Kuka AG


• Yaskawa Electric Corporation


• Denso Corporation

Robotics Industry Developments

• In March 2023, Universal Robots, the Danish producer of collaborative robots (cobots) announced a new partnership with Denali Advanced Integration, a leading services and global technology integrator. Denali has become Universal Robots’ biggest Certified Solution Partner (CSP).


• In April 2023, ABB Robotics won the contract to supply Nobia - the leading kitchen specialist in Europe - with robots for their new factory in Jönköping, Sweden. By securing the contract, ABB Robotics furthers its expansion

Robotics Market Segmentation:

Robotics Type Outlook

• Autonomous Mobile Robots (AMRs)


• Automated Guided Vehicles (AGVs)


• Articulated Robots


• Humanoids


• Collaborative Robots (Cobots)


• Others

Robotics Environment Outlook

• Aerial


• Ground


• Marine

Robotics Mobility Outlook

• Mobile Robotics


• Fixed Robotics

Robotics Application Outlook

• Material Handling


• Assembling & Disassembling


• Welding & Soldering


• Dispensing & Processing


• Security & Inspection


• Cleaning & Sanitization


• Personal Assistance


• Others

Robotics End- User Outlook

• Domestic/Household
  
  
  
  • Floor Cleaning
  
  
  • Lawn Cleaning
  
  
  • Pool Cleaning
  
  
  • Window Cleaning
  
  
  • Others
  
  
  
  


• Industrial
  
  
  
  • Automotive
  
  
  • Electrical & Electronics
  
  
  • Food & Beverages
  
  
  • Pharmaceuticals & Biotech
  
  
  • Cosmetics
  
  
  • Dairy
  
  
  • Metals & Machinery
  
  
  • Plastics, Rubbers, & Chemicals
  
  
  • Others
  
  
  
  


• Medical & Healthcare


• Farming & Agriculture


• Retail & Hospitality


• Logistics & Warehousing


• Military & Defense


• Construction & Infrastructure


• Marine


• Education


• Sports & Entertainment


• Others

Robotics Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  • Mexico
  
  
  
  


• Europe
  
  
  
  • UK
  
  
  • Germany
  
  
  • France
  
  
  • Italy
  
  
  • Spain
  
  
  • Netherlands
  
  
  • Switzerland
  
  
  • Denmark
  
  
  • Poland
  
  
  • Austria
  
  
  • Norway
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • South Korea
  
  
  • Taiwan
  
  
  • Australia
  
  
  • Indonesia
  
  
  • Thailand
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Middle East & Africa
  
  
  
  • UAE
  
  
  • Saudi Arabia
  
  
  • Qatar
  
  
  • South Africa
  
  
  • Rest of Middle East & Africa
  
  
  
  


• South America
  
  
  
  • Brazil
  
  
  • Argentina
  
  
  • Chile
  
  
  • Rest of South America