Robotics Market Analysis & Forecast 2024-2030

Robotics Market by Model Type( Static Robotics, Exoskeleton, Mobile Robotics) by Components( Vision Systems, Brake Systems, Sensors, Control Units, Actuators) by Application /End User (Construction/Mining, Medical, Entertainment and Research, Logistics, Personal, Last Mile Mobility, Military, Agriculture) by Industry Analysis, Volume, Share, Growth, Challenges, Trends and Forecast 2024-2030, Regional Outlook ( North America, Europe, Asia-Pacific, Middle-East, Africa)

Report Code: PSMR- 51013          Category: Technology & Media          Region :  Global         Report Format :                  

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 Table of Contents

Global Robotics Market is expected to reach USD 150946.59 million by 2031 with CAGR of 10.3 % between 2025 and 2031

Robotics is study of robots and is responsible for construction, design, operation, and application of robots. A robot is an electro-mechanical device which is programmed to follows a set of instructions to carry out required tasks without the help or aid of any human involvement. Robots can perform required tasks repeatedly in exactly the same way once programmed. Asia Pacific is largest market for robotics market in 2023 and is expected to remain the largest market during forecast period. North America play a vital role in global robotics market and is anticipated to show a relatively higher growth in the upcoming years.
 

Robotics Market

Robots were primarily used for a set of operations to be performed which were repetitive in nature but as robotics technology is improving day per day, robots are started playing an important role in everyone's life in every field. Hence, non-industrial robots accounted for 70% global robotics market in 2023, growing from a 64% share in 2023. This growth is driven due to increasing penetration of robotics technology in consumer, enterprise, healthcare, military, unmanned aerial vehicles (UAVs), and autonomous vehicles segment.
 

Labor-intensive industries are highly adopting automation due to rising labor costs and lack of skilled workforce issues. Better equipped robots to interact with humans are improving job performance and productivity. Hence, robotics technology is nowadays used for research where it's impossible for humans to reach at that location, agriculture, construction/mining, entertainment, medical, logistics, personal and defense. But high cost and frequent high maintenance cost along with the high procurement cost are proving to be barrier for growth of this market.
 

Robotics Market : Model Type

  • Static Robotics
  • Exoskeleton
  • Mobile Robotics

Global Robotics Market : Components Type

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

Robotics Market: Application

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

Geographical analysis of Robotics Market:

  • North America
    • U.S.A
    • Canada
  • Europe
    • France
    • Germany
    • Spain
    • UK
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South East Asia
  • Latin America
    • Brazil
  • Middle East and Africa

Global Robotics Market Report delivers a comprehensive analysis of the following parameters:

  • Market Forecast for 2024-2030
  • Market growth drivers
  • Challenges and Opportunities
  • Emerging and Current market trends
  • Market player Capacity, Production, Revenue (Value)
  • Supply (Production), Consumption, Export, Import analysis
  • End user/application Analysis

Report Coverage

Parameters Details

Base Year

2024

Historical Data

2018-2023

Forecast Data

2024-2030

Base Year Value (2024)

USD 75996.7 million

Forecast Value (2031)

USD 150946.59 million

CAGR (2025-2030)

10.3 %

Regional Scope

North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW


Frequently Asked Questions (FAQ)


Robotics Market was valued at around USD 75996.7 million in 2023 & estimated to reach USD 150946.59 million by 2030.




Robotics Market is likely to grow at Compound Annual Growth Rate (CAGR) of 10.3% between 2024 to 2030.




Robotics Market is dominated by the Logistics segment and the Asia-Pacific region holds the highest market share in 2023.



Some of the top key players in the Robotics Market are Yaskawa, Fanuc Corporation, ABB, Denso, Mitsubishi Electric, Omron Corporation, Kawasaki, Boston Dynamics.




Primary driving factors for the growth of the Robotics Market include Increasing penetration of robotics technology in consumer, enterprise, healthcare, military, unmanned aerial vehicles (UAVs), and autonomous vehicles segment.




Yes, the report includes COVID 19 impact on the market.



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