Global Robotics Market Report by Industrial Robotics Market & Volume (Automotive Industry and Forecast, Electrical and Electronics Industry and Forecast, Metal and Machinery Industry and Forecast, Plastic and Chemical Products, Food Industry and Forecast, Others) Service Robotics Market & Volume (Transportation & Logistics, Professional Cleaning, Medical Robotics, Hospitality, Agriculture & Field) Countries and Company Analysis, 2024-2032

They are also employed to improve human life quality in fields including surgery, prosthetics, and rehabilitation. Furthermore, robotics is essential to research and development since it helps scientists discover new areas and solve challenging issues. Robotics is predicted to transform many industries as technology develops, bringing about more productivity, better quality of life, and more opportunities for human-machine cooperation.

Driving forces of Global Robotics Market -

Growing Robotics Adoption in the Logistics Industry:

One of the main factors propelling the expansion of the robotics market is the increasing use of robots in the logistics industry. The International Federation of Robotics (IFR), for example, projects that the market for professional service robots will grow to 12% by 2020. In addition, professional service robot sales increased by 37% globally in 2021, reaching over 121,000 units. These figures demonstrate how robotics solutions have significantly increased revenue, especially in the logistics industry. The emergence of mobile, intelligent, autonomous, and smart robots customized for supply chain and warehouse operations is a sign of the robotics industry's ongoing technical breakthroughs. These cutting-edge technologies assist logistics companies in meeting new demands so they may manage costs, maximize performance, and address the labour crisis.

Additionally, the growing trend of e-commerce has changed the landscape of the logistics sector by pushing logistics firms to identify technologically sound solutions that meet the end-user needs of online consumers. Supply networks are difficult to operate, particularly in the modern world. Here is where robots’ technology may be applied to reduce bottlenecks caused by supply chain complexity, improving the flow of goods and expediting order fulfilment procedures.

Government programs and financial support:

Government financing is sought after by the automotive industry, and this has a significant positive impact on global robotics research and development. This is made possible by the funding and assistance that different governments provide, which greatly expands the potential for expansion and innovation in the worldwide robotic systems industry. For example, in 2022, the Chinese government allocated a substantial 43 million dollars in investment in an attempt to raise its credit rating. A separate announcement has announced the allocation of $5 million USD (315 million CNY) for the "Key Special Program on Intelligent Robots." This investment highlights China's ambition to adopt all technological advancements, particularly in the field of robots.

While information on other programs is difficult to come by, there are indications of high beginning costs, suggesting that the government is actively working to advance the area of robotics. Moreover, because to its investments in the Moonshot Research and Development Program, Japan has emerged as the world leader in robotics innovation and advancement. In particular, this initiative allocates a total of 440 million USD (50 billion JPY) for robotics-related projects over the course of five years, from 2020 to 2025. Additionally, the Japanese government supported robotics efforts in 2022 with around 930.5 million USD (105.7 billion JPY). These significant expenditures demonstrate Japan's commitment to developing robotics technology and preserving its standing as the world leader in this area.

North America Robotics Market

The rise in the medical and healthcare sectors is one of the main factors propelling the North American robotics industry. The robotics sector in North America has grown as a result of advances in robotic surgery, remote surgical operations, robotic consulting, and robotic arms used in emergency services.

The United States, Canada, and Mexico are the next three countries with the greatest adoption rates of robots. North America has a favorable prognosis for robotics due to a number of factors, including favorable government regulations, technically advanced consumers, and rapid technological innovation. The federal government is investing in the US robotics industry, which is predicted to grow in the future because to the benefits it will provide to the nation's economy overall and its competitiveness abroad. In 2021, the United States established the Innovations in Integration of Robotics (NRI-3.0) program as part of the National Robotics Initiative to provide funding for robotic research in the area. The program provides funding for studies that advance robot integration and advance human welfare.

Europe Robotics Market

The demand for robotics products and services in the Europe market is growing at a faster rate, this was boosted by Germany and Italy.

Germany is the leading country in Europe in robotics industry with wide adoption of industrial automation and high technology manufacturing processes. Automotive, aerospace and electronics industries are the primary sectors in the country, which make it one of the leading players in robotics innovation around the world. German industries are key players in advances technologies in industrial automation machinery such as cooperative robots and systems that incorporate artificial intelligence in production processes to improve on productivity and organizational efficiency in numerous production industries in Germany.

Italy for instance is another major contributor and has advanced robotics usage especially in manufacturing and handling. There are several segments that Italian firms highlight and these include the automobile, textile as well as food processing segment. Italy’s robotics market is highly focused on robotics application in the traditional industries where robotics is used to increase the precision of operations and as a tool to enhance productivity. Germany and Italy commit to funding for R&D to keep up with the modern robotics technology market in Europe and globally.

Middle East Robotics Market

The robotics sector in the Middle East is evolving steadily at the moment, with the Kingdom of Saudi Arabia and the UAE leading the way.

Robotic system is a key area of interest for Saudi Arabia especially with its Vision 2030 targets meant to reduce the country’s reliance on oil. The country’s main focus includes areas such as use of automation in production, health facility, and transportation systems. Robotics plays a significant role today in the industries development and increase the efficiency of the works to be done across the required sectors such as the oil and gaseous sector and smart manufacturing sector.

Another important area, the UAE is also actively developing – robotics, this is due to the pursuance of ambitious goals in terms of technological development. However, robotics and AI have industries that are specifically focusing on and include; Dubai Robotics and Automation Conference. The UAE applies robotics to healthcare, retail, and infrastructure sectors in order to increase the performance of services provided and provided operational completion. As demonstrated by Automation and Robotics in industries both countries are using robotics to achieve industrial diversification and technology development.

Global Robotics Company Analysis:

Some leading Robotics companies are KUKA, iRobot Corporation, Intuitive Surgical, Inc., Panasonic Corporation, Fanuc, ABB Ltd, Stryker Corporation.

Global Robotics Company News:

May 2024: Doosan Robotics Inc, a South Korea-based collaborative robot or cobot maker launched its newest and most potent P-SERIES (PRIME-SERIES) at Automate 2024, that introduced the longest-reaching cobot in the world of robotics.

July 2024: In order to expand its portfolio, Zen Technologies along with its subsidiary AI Turing Technologies has come up with a number of new AI & defense products that include the robot called Prahasta. The robot captures real-time three-dimensional terrain maps for planning, navigating and to analyze threats in military operations through LiDAR technology and reinforcement learning techniques. This innovation has shown the kind of commitment to offering the customers improved solution through innovation.

July 2024: Rapyuta Robotics Inc. is introducing it new product, Rapyuta ASRS (Automated Storage and Retrieval Systems) in the United State market. The system exhibits applications of multi-agent coordination and control algorithms, new materials, and modularity among other attributes. They provide optimal performance for picking undertakings and accurate storage of the inventory with the added advantage of easy expansions or alterations of the layout to suit the business requirements in future.

April 2023: The contract to deliver robots to Nobia, the premier kitchen specialist in Europe, for their new facility located in Jönköping, Sweden, was awarded to ABB Robotics. Securing the contract allows ABB Robotics to continue growing.

March 2023: The world's foremost services and technology integrator, Denali Advanced Integration, has formed a new relationship with Universal Robots, the Danish manufacturer of collaborative robots, also known as cobots. Denali has grown to be the largest Certified Solution Partner (CSP) for Universal Robots.

October 2022: ABB unveiled the tiniest industrial robot it has ever made, opening up novel possibilities for the quicker, more adaptable, and higher-quality manufacture of wearable intelligent devices. Advanced watches, headphones, sensors, and health monitors were among the gadgets that electronics makers were able to extend their output of through automation thanks to the new IRB 1010's small size, class-leading payload, and unparalleled precision.

Key Questions Answered in This Report:

Question:    How big is the Robotics industry?

Question:    What is the Robotics industry growth rate?

Question:    Who are the key players in Robotics industry?

Question:    What are the factors driving the Robotics industry?

Question:    Which Region held the largest market share in the Robotics industry?

Industrial Robotics Market & Volume – Market has been covered from 6 viewpoints.

1. Automotive Industry and Forecast
2. Electrical and Electronics Industry and Forecast
3. Metal and Machinery Industry and Forecast
4. Plastic and Chemical Products
5. Food Industry and Forecast
6. Others

Service Robotics Market & Volume – Market has been covered from 5 viewpoints.

1. Transportation & Logistics
2. Professional Cleaning
3. Medical Robotics
4. Hospitality
5. Agriculture & Field

Countries – Market has been covered from 4 viewpoints:

America

• United States
• Canada
• Mexico
• Others

Europe

• France
• Germany
• Italy
• Spain
• Others

Asia Pacific

• China
• India
• Japan
• Republic of Korea
• Thailand
• Others

Rest of the World

Company Insights:

• Overview
• Recent Development & Strategy
• Product Portfolio
• Financial Insights

Key Players Analysis:

1. KUKA
2. iRobot Corporation
3. Intuitive Surgical, Inc.
4. Panasonic Corporation
5. Fanuc
6. ABB Ltd
7. Stryker Corporation

Report Details: