Robot Market

Robot Market Size

The global robot market was valued at USD 47.8 billion in 2024 and is estimated to grow at a CAGR of 16.6% to reach USD 211.1 billion by 2034. The growth of the robot industry is driven by the key factors including the surge in e-commerce and logistics demands, as well as increasing labor costs and labor shortages.

The rising development of robotics, AI, and machine learning is revolutionizing eCommerce in the supply chain and in customer-facing interfaces. Intelligent robotic picking systems are equipped with a range of holistic sensors, advanced motion and grip planning, and computer vision. Robots can handle anything by adjusting their angle, speed, and grip or suction force. Robots assists companies to efficiently manage and handle growing order volumes, particularly during periods of high e-commerce order promotion. In November 2024, Hellmann Worldwide Logistics has effectively deployed Geekplus robots automated storage solutions at its e-commerce center in Dubai CommerCity.  The robots solution boost storage capacity, boost operational effectiveness, and shorten delivery times for local companies. Hellmann intends to implement more robots solutions to boost the effectiveness and scalability of its fulfillment operations globally. Thereby, the surge in e-commerce and logistics demand is acting as a catalyzing factor for the market growth across the globe.

In addition, warehouses are constantly under pressure to meet growing customer demands for more accurate, faster order fulfillment, a wider range of products, and customized orders, which is creating range of complexities.  Workers at manually operated facilities have to comply with these demands while enduring challenging circumstances such as heavy lifting, prolonged walking, and working close to potentially hazardous machinery. Consequently, many of warehouse operations have issues finding and keeping enough employees to keep everything functioning properly. Labor shortages are becoming an ongoing problem that is impacting supply chains all around the world. Warehouses are constantly under pressure to satisfy growing customer demands for more tailored orders, a wider range of products, and faster order fulfilment maintaining flawless accuracy. The difficulty increases when peak season sales are considered. Labors are required meet these standards in manually operated facilities while enduring challenging circumstances such as heavy lifting, prolonged walking, and working close to potentially hazardous machinery. Consequently, many of warehouse operations have issues finding and keeping enough employees to keep everything functioning properly.

As per the Instawork survey as of 2024, approximately 40% of participants stated they still lack enough warehouse employees to meet demand. Also, according to the Employment cost index, in December 2024, benefit costs soared 0.8 percent while wages and salaries increased 0.9 percent since September 2024. Accordingly, robotics has become the ideal alternative for companies aiming to reduce expenses as well as enhance operational efficiency, such as fulfillment and warehousing.

Companies operating in this market should focus on developing a secured system to enable secure robot-to-robot and robot-to-human interactions, ensuring data integrity, authentication, and real-time decision traceability.

Robot Market Trends

• The rising trend towards the industry automation is a major trend that is representing a growth trajectory of the global robot industry. Industry automation leads to the development of smart factories and smart production, which is bolstering the demand for industrial robots. The aim to improve productivity, flexibility, and quality, personalize on-demand production, lower costs, and shorten time-to-market are the main drivers of the growing demand for robots.  According to the International Federation of Robotics, the annual installation of industrial robots in 2023 is accounted at 541 thousand units, which is projected to increase and reach 602 thousand units by 2027.  Accordingly, the implementation of end-to-end integrated multi-robotics systems for machine builders, OEMs, integrators, and end users as a robust partner in digital transformation and advanced automation is acts as major catalysts for robot market expansion.
  
• Additionally, the rise in use of AI-powered robots is transforming business operations by performing tasks autonomously or with minimal human intervention. Robots can select actions based on comprehension of their surroundings and experiences. With AI, robots can learn languages, solve problems, and even perceive a situation like humans do. The application of AI robots in various sectors is propelled due to automation and effective data handling. Using AI robots to automate complicated manufacturing assembly lines minimizes manpower expenses and maximizes output. In the medical field, they assist in surgeries and patient care by providing accuracy and enhancing recovery times. Increased consumption of robotic technology and its use in daily activities like home assistant and teaching aid is also increasing demand. They are used to increase safety, improve precision, and expedite processes in a variety of industries, including manufacturing, healthcare, automotive, and services. Thereby, the stipulating demand for AI-powered robots across various industries is augmenting the robot market growth in the forecast period.
  
• Furthermore, the rising inclination towards humanoid and collaborative robots is another key trend that is resulting in the rapid market expansion. Humanoid robots are learning and adapting at an increasing rate. They utilize AI models that recognize, conceptualize, plan, and execute multi-layered tasks independently and in different surroundings. These robots are able to walk, talk, and navigate autonomously, matching human movements by using advanced actuators, sensors, on-robot computing, and sophisticated software. To prepare them for the unpredictable situations of the real world, robots are trained to perform a variety of movements and reactions in simulated environments. Whereas, collaborative robots are designed to safely operate in a shared workspace with human employees. A human worker performs more complicated and cognitively demanding activities, whereas a collaborative robot handles repetitive, menial duties in the majority of applications. The precision, reliability, and consistency of collaborative robots are intended to enhance human workers' intelligence and problem-solving abilities. The designs of collaborative robots are very different from those of industrial robots. Collaborative robots have rounded edges, force constraints, and light weights in order to prevent collisions with human workers. Hence, the rising benefits of humanoid and collaborative robots in industry operations is augmenting the market expansion.
  

Robot Market Analysis

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Based on type, the market is divided into industrial and service.

• The industrial segment is expected to account for 52.8% of the global robot industry in 2024 owing to the increased workplace safety and efficiency. Furthermore, the adoption of more ecologically friendly and energy-efficient robotic systems is a result of the increased emphasis on sustainable and eco-friendly production techniques. The rising focus on moral and socially conscious corporate practices also has an impact on this change in customer preference.
  
• In 2034, the service segment accounted for USD 113.5 billion owing to the increasing need for robots in sectors including retail, hospitality, and healthcare. The demand for additional precautions, less human interaction, and increased efficiency is driving the segment growth. Additionally, the need for assistive robots to help with everyday work and offer older people company is growing as a result of the aging populations in many nations. International Federation of Robotics' (IFR) 2024 World Robotics Service Robots report, the sales of professional service robots increased by 30% globally. In 2023, IFR's statistics section registered about 205,000 units. With 162,284 sold, the Asia-Pacific area accounted for nearly 80% of the robots. The Americas sold 8,927 units, followed by Europe with 33,918 units.
  

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Based on components the market is segmented into hardware (controllers, sensors (e.g., LiDAR, Cameras), actuators, end effectors), software, and services (integration services, maintenance and support).

• Hardware segment accounted for USD 24.9 billion in 2024. The segment is expanding because to the surging adoption of collaborative robots by manufacturing industry, rise in advancements in controllers, actuator and end effectors. Also, robotic sensors are necessary to allow robots to sense their surroundings, improve precision, and carry out activities on their own. The need for more complex robotic systems for tasks like assembly, inspection, and navigation is driving up demand for advanced sensors such as vision, force/torque, proximity, and touch sensors. Thereby, these factors are leading to the segment dominance across the globe.
  

• Software accounted as the fastest growing segment that is likely to grow at a CAGR of 22.4% by 2034. This is dues to the factors such as increase in artificial intelligence adoption, higher speed, improved quality, lower labor costs, improved accuracy, and production scalability are propelling the robot software segment. The market for robotics software is expected to develop due to the increasing usage of robots in a variety of end-user industries, including manufacturing, electrical and electronics, automotive, food and beverage, and process controls. Robots are increasingly being used in a variety of end-user sectors to help meet customized demand and save labor costs. 
  

Based on the deployment, the market is divided into cloud-based robotics and on-premises robotics.

• The on-premises robotics segment is expected to account for 70% of the global robot market in 2024. On-premises robotics contributes to the expansion of the on-premise segment by providing the advantages of customized solutions, low latency, operational control, data protection, and task adaptability. Market players are emphasising on assisting customers and meeting their demand. For instance, in January, 2025, Ambarella, Inc. announced at CES the N1-655 edge GenAI system-on-chip (SoC), which can decode 12 simultaneous 1080p30 video streams on-chip while processing the video and executing a hybrid of multiple, multimodal vision-language models (VLMs) and conventional CNNs. Large-language models (LLMs) and the majority of popular multimodal VLMs are supported by this SoC's excellent AI processing performance, which uses only 20 watts of power, which is 10–100 times less than cloud processors. Without requiring an internet connection, the N1-655 consistently execute the Phi, Gemma, LLaVA-OneVision, and Llama models on data inputs like speech and images in applications like autonomous mobile robots (AMRs), smart-city surveillance video recorders, and on-premise AI boxes.
  
• The cloud-based robots segment accounted for CAGR of 18% in 2034 because they offer high storage capacities, real-time computational dynamics, and intelligent communication tools. The capabilities of cloud robotics are anticipated to be improved by the growing use of networked devices, artificial intelligence, machine learning, and the internet of things. It provides real-time data transfer by lowering the task duration, and it is expected to increase demand for cloud-based robotics. Moreover, the rising innovations in mobile cloud robots propel the segment growth.
  

Based on mobility, the robot market is segmented into fixed robots, mobile robots, and humanoid robots.

• Fixed robots segment dominated the market accounting for USD 20.2 billion in 2024. The increasing innovations in robotics including development of articulated, SCARA, and Cartesian robots is bolstering the growth of the fixed robots segment. The growing use of 4K UHD in professional disciplines such as video production and post production, which is resulting into the segment growth during the estimated period. Fixed robots allow for precision in welding, assembly, and machining for automotive and electronics industries, alongside performing dangerous tasks that enhance operational safety.
  

• Mobile robots segment will grow at a CAGR of 17.7% during the forecast period. The mobile robots are propelled by the growing developments in AI, machine learning, and sensor technology that improve the robots' interaction and navigational capabilities. The growing need for automation in industries like manufacturing, logistics, and healthcare where mobile robots increase productivity and cut costs is a key growth driver. In particular, the rise in e-commerce has accelerated the deployment of autonomous mobile robots (AMRs) in warehouses for order fulfillment and inventory management. The emergence of collaborative robots (cobots), which can safely operate alongside humans, and robotics-as-a-service (RaaS) models, which enable companies to use robotics without incurring significant upfront expenses, which is driving the segment growth at a substantial rate.
  

Based on application, the robot market is bifurcated into assembly & production, inspection & quality control, material handling, welding & soldering, packaging & palletizing, and others.

• The assembly & production dominated the market, accounting for USD 13.3 billion in 2024 owing to the growing labor costs, the continuous trend toward automation to improve competitive advantage, and strict quality standards that demand extreme precision in manufacturing processes, are propelling the market for assembly line robots. Furthermore, the escalating demand for consumer electronics and electric vehicles (EVs) calls for the implementation of adaptable and effective assembly methods that can manage intricate and fragile parts.
  
• Inspection & Quality Control segment is expected to register highest growth during the forecast period, growing at a CAGR of 18.7% for 2025 to 2034. The rising use of inspection & quality control robots in a variety of industries as well as their severe safety restrictions. The use of inspection & quality control robots also helps to increase their efficiency by lowering the time and resources needed to finish inspections. In addition to lowering the possibility of human error. Quality control, structural inspection, tank inspection, and pipeline inspection are a few of the main uses for inspection robots. These robots are used in a variety of settings, including dangerous and challenging-to-reach areas. Moreover, the growing industrialization and massive investments in consumer product quality analysis brought on by strict government regulations is leading to the segment growth.
  

Based on end-use industry, the market is divided into manufacturing & industrial (automotive, electronics & semiconductor, food & beverage, pharmaceuticals, metal & machinery), healthcare, defense, agriculture, and others.

• The manufacturing & industrial segment is expected to account for 48.9% of the global robot market in 2024 that is primarily driven by the growing use of automation solutions to improve manufacturing processes as well as the rapid growth of digital automation and artificial intelligence (Al). Furthermore, the growing automation in the electronics manufacturing sector is anticipated to present lucrative growth prospects for the market players. One of the main factors fuelling the industrial robots market's expansion is the introduction of Industry 4.0 and Industry 5.0 technologies. Automation, connection, and real-time process optimization using cutting-edge digital technologies like artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT) are the main factors of digital transformation in the manufacturing sector.
  
• In 2034, the healthcare segment accounted for USD 36.5 billion owing to the rising advancements in medical robotics technology, the growing need for healthcare automation, improvements in healthcare funding and infrastructure brought on by an aging population, the rise in chronic diseases, and the need to reduce medication errors. Moreover, the aging population and the rise in chronic illnesses, technical developments, better reimbursement conditions, and improvements in healthcare funding and infrastructure are the primary factors propelling the medical robots market's expansion.
  

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In 2024, the U.S. robot market accounted for USD 3.1 billion. United States market is likely to be driven by the rising advancements in technology, increasing adoption of automation, coupled with the growing emphasis on precision in manufacturing processes. The market for robotics is also expanding as a result of the growing trend toward smart homes and the incorporation of AI and robotics into household equipment. Additionally, the use of robotics in healthcare is growing in popularity for functions like surgery and patient care, emphasizing the potential for robotics to revolutionize the sector. In US, the manufacturing firms have made significant investments in increased automation; in 2023, the total number of industrial robot installations increased by 12% to 44,303 units. The automotive industry is the most prominent adopter, followed by the electronics and electrical industries. The International Federation of Robotics (IFR) declared "The United States has one of the most advanced manufacturing industries worldwide."

The Germany robot market is expected to grow at a CAGR of 8.2% during the forecast period. The rising automation adoption, rising demand for effective production methods, and technological improvements are the primary factors that are bolstering market growth. Also, the inclination towards collaborative robots is exhibiting a positive influence on market growth. For instance, in July 2023, Cobot Lift and EuroTECH Collaborate for Exclusive Distribution in Germany. According to euroTECH Vertriebs GmbH, a collaborative robot and cutting-edge vacuum technology can reduce worker fatigue during lifting activities. Cobot Lift claimed that by raising the integrated UR10 robot's payload from 10 to 45 kg (22 to 99.2 lb.), it has improved the system's performance. According to the company, this is made feasible via a vacuum tube lifter that bears the majority of the weight. Thereby, the these aforementioned factors is resulting into the high demand of market in Germany.

China robot market is expected to grow at a CAGR of 10% during the forecast period. Factors such as growing focus on digitalization, as well as proactive support like robotics development such as Robotics Industry Development Plan, lack of skilled labor, and surge in demand for collaborative robots are primarily attributed to the regional market growth during the estimated period. Automation and robotics solutions are becoming increasingly more in demand in China as the country's population ages and the need for labor-intensive industries declines. The government's support for technological advancement and acceptance is another factor driving this market expansion across the region. In addition, the increase in industrial automation is propelling the demand for robots which is associated with the market growth in the region. As per the International Federation of Robotics, there are 1,755,132 industrial robots operating in Chinese enterprises, a 17% increase. In 2023, there were 276,288 units installed annually. At 51% of global demand, this was the second-highest amount ever recorded.  

In 2024, Japan is expected to account for a share of 15.4% of the robot market in Asia Pacific. The rising investments by the government of Japan, increasing R&D investment, and rising technological developments across the region is acting as a major catalyst for the demand of Robot. The market is expected to increase as a result of Japan's robust technological infrastructure and government programs encouraging the use of robotics across a range of industries. Additionally, the nation's aging population and lack of trained workers have raised demand for automation and robotics solutions, which is propelling the market's expansion.

According to the International Trade Administration, Japan is home to some of the top robotics and manufacturing companies in the world. 45% of all industrial robots worldwide as of 2022 were initially created or manufactured by Japanese businesses. Japanese firms placed a record $7.35 billion worth of orders for industrial robots in 2022, a 1.6% increase over the previous year. 5.6% growth in production was also a record. In industries including food, medicines, and logistics, there has been an increasing trend toward automation in packaging and transportation. In 2021, Japan's manufacturing sector employed 631 robots for every 10,000 people. The United States, in contrast, had 274 robots for every 10,000 people.

South Korea robot market accounted for USD 454.6 million in 2024. The rapid population aging and rising labor expenses are the key factors leads to an increased demand for advanced Robot across the region. Because of this, the use of robots for jobs like food delivery, cleaning, and caregiving is becoming more and more popular. The nation's concentration on technology and innovation is also reflected in the growing interest in humanoid robots for amusement and companionship. This market sector is anticipated to develop even more as South Korea continues to adopt automation and robotics.

Robot Market Share

The robot industry is a significant level of fragmented owing to the many players working in various application areas and businesses. Companies such as ABB Ltd., Fanuc Corporation, KUKA AG, Universal Robots, and Boston Dynamics are holding highest numbers of market shares of nearly 26%.  The market for robot is continuously developing with new product innovations that are tailored for advancing robot capabilities, along with entered a strategic alliance. For instance, in January 2025, Teradyne Robotics and Analog Devices, Inc. (ADI) established a strategic cooperation to boosts the research and use of advanced robotics. ADI's collaborative automation initiative aims to improve safety, efficiency, and optimize fabrication and backend operations through automation, will be supported by eradyne Robotics, which includes Universal Robots (UR) and Mobile Industrial Robots (MiR). The two companies will collaborate to develop and implement robots, AI, and software.  The partnership will enable providing cutting-edge technologies that promote efficiency and innovation across the semiconductor lifecycle. Along with deploying edge-based AI and machine learning, the alliance will concentrate on incorporating ADI's cutting-edge technology into Teradyne Robotics' products. Teradyne Robotics' sophisticated robotics portfolio will perform and be able to do more thanks to this integration, especially for applications in the semiconductor industry.

Moreover, market players are focusing customer’s demand by expanding their fulfilling the customer’s needs and demands. For instance, in February 2025, Norwegian robotics company 1X unveiled the launch of Neo Gamma, the newest house robot from. Neo Gamma depicts a more empathic aspect of the humanoid industry. With a friendlier design and a knitted nylon outfit, 1X has constructed the robot to be hospitable. The latter aims to lessen the harm that could result from human-robot contact.

Robot Market Companies

Leading companies in the robot industry comprise:

• ABB Ltd.
• Fanuc Corporation
• KUKA AG
• Universal Robots
• Boston Dynamics
  

ABB Ltd. is one of the leading suppliers of robotics and machine automation that integrats portfolio such as robots, autonomous mobile robots, and machine automation solutions, which are planned and coordinated by the company’s software. Also, the company assist businesses of all sizes and industries from electronics and shipping to the automotive industry and performs better by becoming more adaptable, robust, and efficient.

FANUC corporation provides the robotics expertise and products assisting businesses in reaching their production targets and more than 100 robot models. The company is prepared to tackle any manufacturing difficulty in any sector. FANUC robots for production are simple to use and offer total versatility because of their easy integration, weights up to 2,300 kg, maximum reaches up to 4.7m, and a variety of application-specific choices.

KUKA AG provides a wide variety of industrial robots that precisely, adaptably, and efficiently handle a wide range of applications. The company offers automation for new robotic solutions or low-cost options from inventory of secondhand robots. KUKA presents a wide range of mobile robots that spans the whole value creation chain and precisely satisfies production and intralogistic needs in the new networked industry. Modern battery technology, no-code programming, sophisticated sensor technology, and increased energy density enable autonomous mobile robotics to navigate on its own, identify hazards, avoid them, and forge new paths. Modern Li-ion batteries are installed in all KUKA vehicles to ensure the steady, uninterrupted operation of mobile robots. These batteries are available 24/7 in inductive charging mode.

Robot Industry News

• In February 2025, Delta has announced its participation in ELECRAMA 2025 under the theme of Smart Manufacturing with the launch of its new D-Bot series Collaborative Robots (Cobots) in the Indian market. These 6-axis cobots are made to enable sectors with more intelligent and effective manufacturing processes, including electronics assembly, packaging, material handling, and even welding with payloads of up to 30 kg and speeds of up to 200 degrees per second. Delta further demonstrate its dedication to energy saving and the creation of sustainable communities throughout India by introducing its new 240kW DC Fast EV Charger and the Industrial Power-protect Transformer-based UPS at the event.
  
• In October 2024, Kuka announced the introduction of a new line of SCARA (Selective Compliance Assembly Robot Arm) robots with payloads of up to 60 kg. The new robots' "special features" include their rapid speed and repetition precision, the business continues. The KR 20's A1 axis's high-precision planetary gear is increases rigid and facilitates more steady operation. This is especially useful for applications where high accuracy is required.
  
• In December 2024, Apptronik declared the company’s partnership with Google DeepMind robotics to advance humanoid robots that benefit by combining new technology, embodied intelligence, and foremost artificial intelligence. Under this partnership, the companies are developing intelligent, adaptable, and safe robots that change industries and enhance people's lives by fusing the advanced robotics platform from Apptronik with the unmatched AI experience of the Google DeepMind robotics team.
  

This robot market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) from 2021 to 2034, for the following segments:

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Market, By Type

• Industrial Robots
  • Articulated Robots
  • SCARA Robots
  • Cartesian Robots
  • Delta Robots
  • Collaborative Robots (Cobots)
  • Parallel Robots
• Service Robots
  • Personal Service Robots
  • Professional Service Robots

Market, By Component

• Hardware
  • Controllers
  • Sensors (e.g., LiDAR, Cameras)
  • Actuators
  • End Effectors
• Software
• Services
  • Integration Services
  • Maintenance and Support

Market, By Deployment

• Cloud-based Robotics
• On-premises Robotics

Market, By Mobility

• Fixed Robots
• Mobile Robots
• Humanoid Robots

Market, By Deployment

• Assembly & Production
• Inspection & Quality Control
• Material Handling
• Welding & Soldering
• Packaging & Palletizing
• Others

Market, By End Use Industry

• Manufacturing & Industrial
  • Automotive
  • Electronics & Semiconductor
  • Food & Beverage
  • Pharmaceuticals
  • Metal & Machinery
• Healthcare
• Defense
• Agriculture
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ 
• Latin America
  • Brazil
  • Mexico
• MEA
  • UAE
  • Saudi Arabia
  • South Africa