What Has Been The Historical And Current Growth Of The Top Robotics Market?
The top robotics market has seen considerable growth due to a variety of factors.
• The size of the leading robotics market has experienced an incredible expansion recently. It is predicted to escalate from $128.54 billion in 2024 to reach $155.54 billion in 2025, suggesting a compound annual growth rate (CAGR) of 21.0%.
This growth in the historic period is linked to an increased focus on minimizing human error, governmental encouragement for robotics adoption, a rising demand for industrial robots, and heightened use of robots in both industrial and household sectors, all coupled with labor shortages.
What Is The Forecast For The Top Robotics Market By 2029?
The top robotics market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, substantial expansion is anticipated in the leading robotics market, which is projected to reach $318.12 billion by 2029, with a compound annual growth rate (CAGR) of 19.6%.
Factors contributing to this surge over the forecast period include rising demands for cleaning robots, governmental support in the face of worker shortages, expansion in e-commerce and logistics, incrementing implementation of robots in healthcare, focus on sustainability and efforts to decrease carbon footprints. The forecast period is expected to see significant trends such as collaborative robots (cobots), advancements in AI, industrial automation, humanoid and social robots, and the proliferation of Robotics-as-a-Service (raas).
Which Key Drivers Are Propelling The Top Robotics Market's Growth?
The surge in robotics utilization in the logistics industry is expected to stimulate the expansion of the premier robotics market in the upcoming years. Logistics is the entire process involving the purchasing, storage, and transportation of assets to their final location. Employing robotics in this field enables remote interactions with devices, allowing humans to monitor and control these robotic operations. It also leads to reduced logistics expenditures, expedited cargo readiness, and improved delivery accuracy. For example, the International Federation of Robotics, a U.S-based non-profit professional entity dedicated to supporting, enhancing, and safeguarding the robotics sector, reported a 1% increase in robot sales in the automotive sector, registering a record 14,678 robots installation in 2023. This followed a dramatic increase of 47% in installations in the preceding year, 2022, amounting to 14,472 units.
What Are The Key Segments Within The Global Top Robotics Market?
The top robotics market covered in this report is segmented –
1) By Type: Top Industrial Robotics, Top Services Robotics
2) By Application: Handling, Welding And Soldering, Assembling And Disassembling, Dispensing, Other Applications
3) By End Use Industry: Automotive, Electrical And Electronics, Metals And Machinery, Food And Beverages, Pharmaceuticals And Cosmetics, Other End Use Industries
Subsegments:
1) By Top Industrial Robotics: Articulated Robots, SCARA Robots, Delta Robots, Collaborative Robots (Cobots), Cartesian Robots, Welding Robots, Material Handling Robots
2) By Top Services Robotics: Healthcare Robots, Cleaning Robots, Logistics And Warehouse Robots, Agricultural Robots, Security And Surveillance Robots, Educational Robots, Companion Robots
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How Are New Trends Impacting The Size Of The Top Robotics Market?
Technological advancements are driving change in the leading robotics market. These advancements have led to manufacturers utilizing lightweight robots capable of performing multiple tasks and boosting productivity. Innovations such as artificial intelligence, machine learning, and other cutting-edge technology have been incorporated into these robots, allowing them to mimic human intelligence and take over certain human tasks. For instance, in June 2024, ABB Robotics, a robotics and machine automation supplier based in Switzerland, unveiled their next-gen robotics control platform known as OmniCore. This smart automation platform, which is quicker, more precise, and more sustainable, is designed to empower, enhance, and secure the future of businesses. The platform represents a significant evolution towards a modular and futureproof control design that allows for complete integration of AI, sensors, cloud, and edge computing systems, creating the most sophisticated and autonomous robotic applications.
Who Are the Key Players in the Top Robotics Market?
Major companies operating in the top robotics market include:
• ABB Ltd.
• The Yaskawa Electric Corporation
• FANUC Corporation
• KUKA AG
• Kawasaki Heavy Industries Ltd.
• Nachi-Fujikoshi Corp.
• Honda Motor Co. Ltd.
• Mitsubishi Electric Corporation
• Denso Corporation
• Seiko Epson Corporation
• Universal Robots
• Omron Adept Technology Inc.
• Stäubli
• Comau
• Yamaha Motor Co. Ltd.
• ST Robotics
• CMA Robotics S.P.A.
• Daifuku Co. Ltd.
• Neato Robotics
• SoftBank Robotics Group Corp.
• GE Inspection Robotics AG
• Starship Technologies
• Nuro Inc.
• Intuitive Surgical Inc.
• Dürr AG
• igm Robotersysteme AG
• Franka Emika GmbH
• iRobot Corporation
What are the Regional Insights into the Top Robotics Market?
Asia-Pacific was the largest region in the top robotics market in 2024. The regions covered in the top robotics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
