- Static Robotics
- Exoskeleton
- Mobile Robotics
- Vision Systems
- Brake Systems
- Sensors
- Control Units
- Actuators
- Construction/Mining
- Medical
- Entertainment
- Research
- Logistics
- Personal
- Last Mile Mobility
- Military
- Agriculture
-
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
- 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
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)
Global Robotics Market is expected to reach USD 150946.59 million by 2030 with CAGR of 10.3% between 2024 and 2030
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.
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
Global Robotics Market : Components Type
Robotics Market: Application
Geographical analysis of Robotics Market:
Global Robotics Market Report delivers a comprehensive analysis of the following parameters:
Report Coverage
| Parameters | Details |
|---|---|
Base Year |
2023 |
Historical Data |
2018-2023 |
Forecast Data |
2024-2030 |
Base Year Value (2023) |
USD 75996.7 million |
Forecast Value (2030) |
USD 150946.59 million |
CAGR (2022 to 2028) |
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 compounded annual growth rate (CAGR) of 10.3% between 2024 to 2030.
Yes, the report includes COVID 19 impact on the market.
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