Global Robotics Market Size By Type (Service, Industrial), By End-User (Electronics, Logistics, Automobile, Military And Defense, Medical And Healthcare), By Geographic Scope And Forecast

Robotics Market Size And Forecast

Robotics Market size was valued at USD 25.54 Billion in 2021 and is projected to reach USD 123.55 Billion by 2030, growing at a CAGR of 18.2% from 2023 to 2030.

The growth of robotics is fueled by several factors that contribute to its expansion. Technological advancements in cognition, interaction, and manipulation have significantly enhanced the appeal of robots. The Global Robotics Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Robotics Market Definition

A robot is an automated machine capable of executing a series of intricate actions, typically programmable by a computer. Robotics is a field of technology that encompasses the design, construction, operation, and application of robots. Robots find extensive use in industries like automobile manufacturing, where they perform repetitive tasks and undertake hazardous activities on behalf of humans. Artificial intelligence plays a significant role in many aspects of robotics, aiding in decision-making processes. While today’s industrial robots do not resemble humans, a robot with a human-like body structure is known as an android. Robots exhibit superior precision and resource efficiency compared to humans when performing tasks. Robotics, as a branch of technology and engineering, focuses on creating intelligent machines that can interact with the physical world.

By integrating disciplines such as mechanical engineering, electrical engineering, computer science, and artificial intelligence, robots are developed to serve diverse applications across various industries, including manufacturing, healthcare, agriculture, space exploration, transportation, and entertainment. These robots can assume various forms, ranging from humanoid robots mimicking humans to industrial robots deployed in factories and robotic arms assisting in surgical procedures.

The capabilities of robots span a wide spectrum, encompassing simple repetitive tasks as well as complex decision-making and problem-solving abilities. Advancements in robotics have given rise to autonomous robots capable of perceiving their surroundings, making decisions, and adapting to changing conditions. These robots employ sensors, actuators, and advanced algorithms to gather information, process data, and execute tasks with accuracy and efficiency. Additionally, the field of robotics has fostered the development of collaborative robots, also known as cobots, which work alongside humans to enhance productivity and safety in various industries.

Global Robotics Market Overview

The growth of robotics is fueled by several factors that contribute to its expansion. Technological advancements in cognition, interaction, and manipulation have significantly enhanced the appeal of robots. Moreover, the integration of artificial intelligence (AI) with robots further amplifies their performance capabilities, serving as a major driving force for the market.

The automotive industry’s increased investments also contribute to the growth of the Robotics Market, as robots play various roles in assisting the manufacturing process of automobiles. The COVID-19 pandemic has also played a role in boosting the demand for robotics. With human workers restricted from accessing certain workplaces, robots have been deployed to carry out production processes despite the lockdowns and restrictions imposed by the pandemic. This has further accelerated the adoption of robotics.

However, there are some restraining factors for the market, including the high initial deployment costs and the lack of expertise in implementing robotics systems. Despite these challenges, the overall trajectory of the Robotics Market is characterized by significant growth and potential. Advancements in technology, automation needs, customization demands, research and development efforts, investments, and the impact of the COVID-19 pandemic are driving the growth of the robotics industry. These factors are transforming industries across various sectors and paving the way for the continued expansion of robotics applications.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Robotics Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in Global Robotics Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Global Robotics Market Segmentation Analysis

The Global Robotics Market is Segmented on the basis of Type, End User, and Geography.

Robotics Market, By Type

• Service
• Industrial

Based on Type, The market is segmented into Service and Industrial. A service robot typically performs useful tasks for humans just not in an industrial environment. This excludes robots in manufacturing facilities but not in settings such as healthcare, logistics, and even the military. Industrial robots are often suited to a particular task in a familiar setting.

Robotics Market, By End User

• Electronics
• Logistics
• Automobile
• Military and Defense
• Medical and Healthcare
• Others

Based on End User, The market is segmented into Electronics, Logistics, Automobile, Military and Defense, Medical and Healthcare, and Others. Robots are deployed in various electronic goods-producing industries where they solder and design circuit boards. The logistics and automobile industries have a wide range of deployment of robots for various purposes such as transportation and assembling. Military and defense are using robots for weaponization as it reduces human casualties. Medical and healthcare are deploying robots for various human surgeries which can be performed from one part of the world to an operation room at another location controlling robots.

Robotics Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

On the basis of Geography, the Global Robotics Market is segmented into North America, Europe, Asia Pacific, and the Rest of the world. In Europe, known for its advanced manufacturing capabilities, Germany has a high demand for robotics, particularly in the automotive and engineering sectors. The country is focused on leveraging robotics to enhance production efficiency and maintain its competitive edge in industrial manufacturing. In the APAC region, south Korea has made significant investments in robotics and automation, with a particular emphasis on areas such as manufacturing, electronics, and healthcare. The government has been actively promoting the adoption of robotics to drive economic growth and technological advancement.

Key Players

The “Global Robotics Market” study report will provide valuable insight with an emphasis on the global market including some of the major Nachi Robotics Systems Inc, Staubli International AG, Panasonic Corporation, Toshiba Corporation, Kawasaki Heavy Industries Ltd, Kuga AG, Fanuc Corporation, Denso Corporation, Yaskawa Electric Corporation, ABB Ltd.. Our market analysis also entails a section solely .

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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