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Global Robotics Market: Snapshot

The global market for robotics is expected to display double-digit growth in the upcoming years, thanks to the increasing automation across industries. Automation is increasingly becoming the buzzword across labor-intensive industries that are grappling with rising labor costs and lack of skilled workforce issues. This has pushed the adoption of robotic technology to automate operations. Industrial robots, for instance, are deployed in manufacturing and production settings to perform an array of programmed tasks.

As per estimates of a report by Transparency Market Research (TMR), the global robotics market will attract a revenue worth US$147.26 bn by 2025 end rising at a healthy 17.4% CAGR over the forecast period from 2017 to 2025. The market was evaluated at US$35.23 bn in 2016. In terms of volume, the market is expected to reach an amount of 2,731.2 thousand units by 2025.

robotics market

Static Robotics Segment to Continue to Witness Significant Demand

The key segments of the worldwide robotics market depending upon type are mobile robotics, exoskeleton, and static robotics. Of them, in 2016, the segment of static robotics led the market in terms of both value and volume. Going ahead, the static robotics segment is anticipated to register the leading growth rate over the forecast period between 2017 and 2025.

The prime applications of robotic products include logistics, personal, military, last mile mobility, agriculture, construction/mining, entertainment, medical, research, and others. The other segment comprises automotive, aerospace, and food processing among others. The logistics segment has emerged as a significant application of robotic products and is anticipated to continue as the leading application segment in the next couple of years.

The leading component segments of the global robotics market considered in this study are sensors, control units, actuators, brake systems, vision systems, and others. In 2016, sensors led the market followed by vision systems. With the increasing demand for enhanced sensing capabilities of robots, sensors are anticipated to display significant growth over the forecast period.

Asia Pacific to Display Robust Growth Rate through 2025

The robotics market is classified on the basis of geography into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Asia Pacific held the leading share in the robotics market in 2016 and is anticipated to rise at a significant rate over the forecast period of 2017 to 2025. This is mainly because of incessant innovation and development in the field of robotics leading to its widespread application across industries. The Asia Pacific robotics market is also anticipated to gain from the advent of nano-technology in robotics in the future. Moreover, the introduction of collaborative robots that have substantially upped productivity in manufacturing, material handling, medical, and automotive sectors with less human labor will benefit the growth of this regional market over the forthcoming years.

 North America is estimated to display a relatively higher-paced growth in the upcoming years. The region being home to a large number of robot manufacturers, along with contracts from government agencies and defense forces, is leading to consistent innovation and development in robotics technologies, which is aiding the growth of North America robotics market. Further, the increasing uptake of service robots among consumers to reduce workload is also expected to benefit the North America robotics market in the next few years.

The report profiles leading players in the global robotics market, namely Fanuc Corporation, Clearpath Robotics Inc., Barrett Technology LLC, John Deere, Kuka AG, Honda Motor Co. Ltd., Boeing, Bossa Nova Robotics, Seegrid Corporation, Aetheon Inc., Google Inc., Swisslog, Northrop Grumman Corporation, iRobot Corporation, Lowe’s, Omron Adept Technologies, Amazon, Fetch Robotics Inc., and Savioke, Locus Robotics.

Robotics Market Set for Incredible Disruption with Human-Machine Collaboration in Industry 4.0

Inroads made by robotics have already opened new paradigms in industrial and consumer markets. Emerging technology trends in human-robot collaboration have opened several new technology trends in the robotics market. The trends have been the harbinger of new wave of automation for Industry 4.0. A variety of new cobots and robotic arms have enabled the logistics providers, warehouses, and supply chain ecosystem to meet the labor crunch.

In recent months, manufacturers of robotic systems are aggressively exploring this consumer value proposition in various manufacturing industries. The reason for this is the currently emerging Covid-19 pandemic-led lockdowns. The still-emerging pandemic has ravaged or disrupted all industries in some way, with manufacturing most uniformly affected due to labor crunch. This might set off new wave in the robotics, where companies will look for new cost-effective models for deploying robotics for new applications. This will increase the visibility of different types of robots in end-to-end manufacturing sector.

The rise of omnichannel retailers will spur new strategic moves focused toward acquisition among globally prominent e-commerce companies and robot manufacturers, opening new doors of opportunities in the robotics market. The use case areas are also broadening. Two cases in points are commercial drone deployment and in humanoids. Both these applications areas are being looked with high hopes by stakeholders in the robotics market. Large-scale deployment may also retailers, while mobile manipulators are expected to pick up pace.

Advancements being made in artificial intelligence and sensors will open researchers to new learning methods for robotics, such as in voice recognition and gesture mechanisms. This will undoubtedly spur the commercial deployment. Most prominently, the likely emergence of new business models for deploying robotics for end-use industries will make the deployment attractive for them. For example, robots-as-a-service is attracting huge investment interest among end-use industries charting their growth in Industrial Internet of Things (IIoT). The advent of new communication platforms might also expand the capabilities for end users in the robotics market.

Global Robotics Market: Overview

Robotics is a branch of science and engineering that deals with designing, developing, construction and operation of a robot. Robotics includes mechanical, electrical and computer science engineering in order to control the operations of a robot. Robotics science is widely classified as industrial robots and service robots. The service robots is further broken down as personal robots, professional robots and domestic robots.

The implementation of robotic technology in almost every industries across the globe has led them to grow at huge pace. In the recent years, it has been noticed that, robots are also being implemented in the medical science and healthcare solutions. Due to their enhanced accuracy and efficiency in handling various operations in medical sector, the healthcare solution companies as well as hospitals are adopting these robotic technologies heavily, in order to serve the patients in highly efficient manner. The demand for robotic surgery is significantly growing in the developed countries and is gaining the pace in the developing countries. Other application of robots in medical sectors includes rehabilitation, disinfection, pharmacy automation, telepresence and medical logistics among others.

The emerging demand for workspace efficiency is resulting into the need for industrial robots globally. These robots are capable of moving inside the warehouse and factories without modifying layout. In addition these robots can autonomously re-plan their routes to avoid obstacles inside the factories. These factors are boosting the demand for such robots during the forecast period.

Global Robotics Market: Market Segmentation

The report on robotics market is segment on basis of various parameters such as types, application, components, and geography. The different types of robotics deployed in various industries includes mobile robotics, exoskeleton, and static robotics. Globally, the static robotics dominated the robotics market in 2016 and is estimated to retain its dominance in terms of revenue and volume during the forecast period. The demand for mobile robotics is significantly increasing across the globe and due to this, the segment is anticipated to be the fastest expanding segment over the period from 2017 to 2025, both in terms of revenue and volume consumed. The market for robotics is segmented on basis of application as logistics, personal, last mile mobility, military, agriculture, construction/mining, medical, entertainment, research and others. The others segment includes automotive, aerospace, food processing among others. Among the application, the military segment dominated the market for robotics in 2016, due to wide variety of application in defense forces across the globe. The logistics segment is estimated to be the fastest growing segment during the forecast period from 2017 to 2025. The growth of robotics in logistics is attributed to the fact that, the global logistics sector growing rapidly and the need to deliver the products in a faster and efficient way, the sector is adopting robotics technology heavily. The components segment in the global robotics market includes sensors, control units, actuators, brake systems, vision systems and others. Based on geography, the market for robotics is categorized as North America, Europe, Asia Pacific, Middle East and Africa and Latin America. The significant contribution of China in terms of revenue and volume in the robotics market, led Asia Pacific to have the upper hand in 2016. North America is anticipated to expand at a faster rate during the forecast period from 2017 to 2025.

Global Robotics Market: Competitive Analysis

On basis of strategic regions across the globe, the major manufacturers of robots are considered in this research. The major manufacturers includes iRobot Corporation, Barrette Technology LLC, Swisslog, John Deere, Fanuc Corporation, Honda Motor Co. Ltd., Boeing, Seegrid Corporation, Google Inc., Lowe’s, Fanuc Corporation, Northrop Grumman Corporation, Amazon, , Clearpath Robotics Inc., Kuka AG, Bossa Nova Robotics, Savioke, Fetch Robotics, Aetheon Inc., Locus Robotics and Omron Adept Technologies among others.

The segments covered in the global robotics market are as follows:

By Type

  • Mobile Robotics
  • Exoskeleton
  • Static Robotics

By Application

  • Logistics
  • Personal
  • Last Mile Mobility
  • Military
  • Agriculture
  • Construction/Mining
  • Medical
  • Entertainment
  • Research
  • Others

By Component

  • Sensors
  • Control Units
  • Actuators
  • Brake Systems
  • Vision Systems
  • Others

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K
    • Germany
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Middle East and Africa
    • South Africa
    • U.A.E.
    • Saudi Arabia
    • Rest of Middle East and Africa
  • Latin America
    • Brazil
    • Rest of Latin America

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