PUBLISHER: Market Research Future | PRODUCT CODE: 1601600
PUBLISHER: Market Research Future | PRODUCT CODE: 1601600
Global Robotics Market Research Report: Information By Type (Autonomous Mobile Robots (AMRs), Automated Guided Vehicles (AGVs), Articulated Robots, Humanoids, Collaborative Robots (Cobots) and Others), By Environment (Aerial, Ground and Marine) By Mobility (Mobile Robotics and Fixed Robotics) By Application (Material Handling, Assembling & Disassembling, Welding & Soldering, Dispensing & Processing, Security & Inspection, Cleaning & Sanitization, Personal Assistance and Others), By End User (Domestic/Household, Industrial, Medical & Healthcare, Farming and Agriculture, Retail and Hospitality, Logistics & Warehousing, Military & Defense, Construction & Infrastructure, Marine, Education, Sports & Entertainment and Others), And By Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) -Forecast Till 2032
In 2023, the robotics market was valued at USD 71,196.4 million. The Robotics market is expected to increase from USD 74,120.7 million in 2024 to USD 286,798.3 million in 2032, with a compound yearly growth rate (CAGR) of 18.4% over the forecast period (2024-2032). Several factors are predicted to drive considerable growth in the Robotics Market during the forecast period. The growth of the Robotics Market is predicted to be driven by key factors such as medical robots, industrial robotics usage, and artificial intelligence technology development. However, high beginning costs and technical complexity are projected to limit industry expansion.
Rbots are changing the way medical operations are performed by accelerating supply delivery and disinfection while freeing up professionals' time to connect with patients. Robots are now being used in clinical settings to assist healthcare staff and improve patient care, in addition to the operating room.
The Robotics Market is segmented by type, including autonomous mobile robots (AMRs), automated guided vehicles (AGVs), articulated robots, humanoids, collaborative robots (Cobots), and others.
The market is segmented by environment into aerial, ground, and marine.
The Robotics Market is divided into two segments based on mobility: mobile robots and fixed robots.
Material Handling, Assembling and Disassembling, Welding and Soldering, Dispensing and Processing, Security and Inspection, Cleaning and Sanitation, Personal Assistance, and Others are the market segments based on application.
The Robotics Market is divided into End-User segments: Domestic/Household, Industrial, Medical & Healthcare, Farming and Agriculture, Retail and Hospitality, Logistics & Warehousing, Military & Defense, Construction & Infrastructure, Marine, Education, Sports & Entertainment, and Others.
Regional insights
Asia-Pacific had the highest revenue share of 50.4% in the Robotics market in 2023 and is likely to maintain its dominance throughout the forecast period. The Asia-Pacific region is the greatest market for robotics. The region has drawn international investors due to its high concentration of financial institutions. Local players dominate the Asia-Pacific market, creating significant entry barriers. Furthermore, due to major electronic and automobile manufacturing industry deployment, South Korea and China are leaders in robotics adoption.
North America was one of the first users of industrial robotics due to the rapid development of smart factories and industrial automation. After Europe and Asia, the area ranks as one of the leading car production markets. Medical and healthcare industry expansions have been a major driver of growth in the North American robotics market.
This feature is driving the rapid expansion of the European robotics sector. Germany is the leading country for robots, therefore additional breakthroughs in robotics are expected in this region. Germany's manufacturing business has the greatest robot-to-employee ratio in Europe. In this region, generative AI is being used to construct novel robot systems, improve robot control, and create new robotics applications.
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 are the market's major players.