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Robot Market Share

Report ID: GMI5127
Published Date: Oct 2024
Report Format: PDF

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Robot Market Share

BAE Systems PLC and Kongsberg Gruppen, two major defense contractors that have entered the growing robot industry, hold a market share of over 35%. BAE Systems has developed a fully autonomous UV disinfection robot, the COVID-19 Disinfector, to sanitize healthcare facilities and other high-traffic areas. Kongsberg Gruppen, through its subsidiary Kongsberg Maritime, offers the SOFI robot, a mobile, autonomous UVC disinfection solution designed for hospitals, ships, offshore installations, and other environments requiring stringent disinfection protocols.

These defense giants are leveraging their expertise in autonomous systems and robotics to provide innovative solutions, tapping into the increasing demand for such technologies spurred by the COVID-19 pandemic and growing concerns over healthcare-associated infections.

Robot Market Companies

Major players operating in the robot industry are:

BAE Systems PLC
Kongsberg Gruppen
KUKA AG
FANUC
ABB LTD.
Yaskawa Electric
Universal Robots

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The global market size robot was valued at USD 83.5 billion in 2023 and is projected to reach USD 193.8 billion by 2032, driven by a CAGR of 10.1% from 2024 to 2032.

The retail segment held a 33.4% market share in 2023, due to innovations aimed at enhancing customer experience and operational efficiency.

The U.S. accounted for 71.4% of the North American market in 2023, driven by rising healthcare expenditure and stringent disinfection regulations.

Major players in the industry include BAE Systems PLC, Kongsberg Gruppen, KUKA AG, FANUC, ABB LTD., Yaskawa Electric, and Universal Robots.