What are the Historical Developments and Current Growth Metrics of the Commercial Robots Market?
The commercial robots market has seen considerable growth due to a variety of factors.
• The commercial robots market has seen exponential growth in recent years. It is set to grow from $24.9 billion in 2024 to $30 billion in 2025, with a compound annual growth rate (CAGR) of 20.5%.
This growth is attributed to the rising demand for automation, the need for efficiency and productivity, growing concerns about safety, increased investment in research and development, the adoption of robotics-as-a-service (RaaS) models, and the growing use of collaborative robots (cobots) in industries like construction.
What Does Future Hold for The Commercial Robots Market By 2029?
The commercial robots market is expected to maintain its strong growth trajectory in upcoming years.
• The commercial robots market is projected to grow to $62.4 billion by 2029, at a CAGR of 20.1%.
The growth is driven by increasing demand for automation, awareness of robotics' healthcare benefits, logistics efficiency, investments in robotic startups, and rising demand for autonomous vehicles. Trends include AI and machine learning integration, IoT adoption, smart factories, collaborative robots, robotic process automation, and drone integration.
What Are The Primary Growth Drivers In The Commercial Robots Market?
The growth of industrialization is predicted to fuel the commercial robot market. Industrialization involves large-scale production and mechanization, and it is accelerating due to the expanding manufacturing sector. Commercial robots assist in replicating or replacing human tasks in various industries. For example, in October 2023, the National Bureau of Statistics (NBS) of China reported a 4.6% year-over-year increase in industrial output in 2023, which will support the commercial robot market.
What Is The Segmentation Of The Global Commercial Robots Market?
The commercial robots market covered in this report is segmented –
1) By Type: Field Robots, Medical Robots, Autonomous Guided Robotics, Drones, Other Types
2) By Technology: Automatic, Semi-Automatic, Manual
3) By Application: Medical And Healthcare, Defense And Security, Agriculture And Forestry, Marine, Other Applications
Subsegments:
1) By Field Robots: Agricultural Robots, Construction Robots, Mining Robots
2) By Medical Robots: Surgical Robots, Rehabilitation Robots, Diagnostic Robots
3) By Autonomous Guided Robotics: Automated Guided Vehicles (AGVs), Automated Material Handling Systems
4) By Drones: Commercial Drones for Delivery, Surveillance Drones, Inspection Drones
5) By Other Types: Cleaning Robots, Security Robots, Retail Robots
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How Are New Trends Impacting The Size Of The Commercial Robots Market?
Companies in the commercial robot market are advancing delivery services with third-generation autonomous robots. In October 2024, Serve Robotics launched its latest delivery robot in Los Angeles, featuring improvements in speed, capacity, battery life, and weather resistance, aiming to reduce delivery costs and create new job opportunities in the gig economy.
Who Are the Key Players In The Commercial Robots Market?
Major companies operating in the commercial robots market are:
• Honda Motor Co. Ltd.
• Northrop Grumman Corporation
• ABB Ltd.
• Omron Corporation
• Yaskawa Electric Corporation
• Kuka AG
• Teradyne Inc.
• SICK AG
• Techman Robot Inc.
• iRobot Corporation
• SoftBank Robotics Group
• UBTECH Robotics Corp Ltd.
• Pudu Technology Inc.
• Fourier Intelligence
• Boston Dynamics
• 3DR Inc.
• Sarcos Technology and Robotics Corporation
• inVia Robotics Inc.
• PickNik Inc.
• Wingcopter
• Vecow Co. Ltd.
• Robocath
• Agrobot
• Keenon Robotics Co. Ltd.
• Universal Robots A/S
What Are The Regional Insights Into The Commercial Robots Market?
North America was the largest region in the commercial robots market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the commercial robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
