How big is the Robotics Market?

The Robotics Market size is expected to reach USD 89.68 billion in 2024 and grow at a CAGR of 12.17% to reach USD 159.28 billion by 2029. Read More

What is the current Robotics Market size?

In 2024, the Robotics Market size is expected to reach USD 89.68 billion. Read More

Who are the key players in Robotics Market?

ABB Ltd, Yaskawa Electric Corporation, Denso Corporation, Fanuc Corporation and KUKA Aktiengesellschaft are the major companies operating in the Robotics Market. Read More

Which is the fastest growing region in Robotics Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Robotics Market?

In 2024, the Asia Pacific accounts for the largest market share in Robotics Market. Read More

What years does this Robotics Market cover, and what was the market size in 2023?

In 2023, the Robotics Market size was estimated at USD 78.77 billion. The report covers the Robotics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Robotics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the key factors driving the growth of the Robotics Market?

The growth of the robotics market is primarily driven by increasing automation in industries, advancements in artificial intelligence and machine learning, and the need for improved productivity and efficiency. Read More

What are the key trends shaping the Robotics Market?

Key trends shaping the robotics market include: a) Integration of collaborative robots (cobots) b) Rise of autonomous mobile robots (AMRs), and c) Increasing use of robots in the service industries Read More

Robotics Industry - Market Size & Growth

Robotics Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Robotics Industry is Segmented by Type (Industrial, Service), End-User (End-Users of Industrial Robots (Automotive, Food & Beverage, Electronics, Other End-Users of Industrial Robots), End-Users of Service Robots (Logistics, Military and Defense, Medical and Healthcare, Other End-Users of Service Robots), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Robotics Industry Overview

In the robotics market, global and regional players vie for dominance in a fiercely competitive arena. Competition hinges on factors like pricing, product offerings, and market share, as well as the vigor with which firms engage in the market. Leading companies wield significant influence through their R&D and consolidation efforts. However, the market is marked by high penetration and growing fragmentation.

Innovation is key to securing a lasting competitive edge in this landscape. Established players strategically focus on product differentiation and expand their market reach to maintain their positions. Acquisitions, partnerships with industry participants, and new product/service rollouts have been key competitive strategies exhibited by vendors in the market.

Some of the major players in the market are ABB Ltd, Yaskawa Electric Corporation, Denso Corporation, Fanuc Corporation, and KUKA AG, among others. Competition hinges on factors like pricing, product offerings, and market share, as well as the vigor with which firms engage in the market. Leading companies wield significant influence through their R&D and consolidation efforts.