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Robot Market Size

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

Robot Market Size

The global robot market was valued at USD 47.9 billion in 2024 and is anticipated to grow at a CAGR of 16.6% between 2025 to 2034.

 

Robots are advanced technological systems designed to perform complex physical tasks autonomously or semi-autonomously. They consist of programmable mechanical structures integrated with sophisticated sensing, processing, and actuating capabilities. The global robotic ecosystem includes mechanized platforms that execute repetitive, precision-critical, dangerous, or strategically complex operations across various sectors such as manufacturing, healthcare, defense, logistics, agriculture, and emerging service domains. These intelligent machines interact with physical environments, process real-time data, make contextual decisions, and adapt to dynamic operational conditions using embedded artificial intelligence, machine learning algorithms, and advanced sensor technologies.
 

The market is primarily driven by strategic imperatives including labor productivity enhancement, operational efficiency optimization, workplace safety improvement, technological innovation, and the ongoing digital transformation of global industrial ecosystems.
 

Global market is driven by rapid advancements in artificial intelligence (AI), machine learning, and automation. These technologies enhance robot capabilities that are more efficient, adaptable, and cost-effective. Industries are increasingly adopting robots to improve productivity, reduce labor costs, and increase precision across sectors such as manufacturing, healthcare, logistics, and agriculture. Labor shortages, particularly in developed economies, are prompting businesses to automate repetitive and dangerous tasks, further increasing robot demand.
 

The growth of e-commerce and the need for efficient supply chains are driving automation in logistics and warehousing. Government initiatives and funding for robotics research and development, along with the push for smart manufacturing under Industry 4.0, contribute to market growth. The focus on sustainability, safety, and the need for robots in hazardous or challenging environments is stipulating the demand of the robot across various industries, in turn, augmenting robot industry growth over the anticipated years.

Authors: Suraj Gujar, Saptadeep Das

Frequently Asked Questions (FAQ) :

The global market size for robot was valued at USD 47.9 billion in 2024 and is anticipated to reach USD 211.1 billion by 2034, driven by a CAGR of 16.6% from 2025 to 2034.

On-premises robotics accounted for a 75.2% market share in 2024, driven by the need for enhanced control, security, and real-time data processing in manufacturing, logistics, and warehousing.

The U.S. market accounted for 76.7% of the North America robot industry in 2024, driven by technological advancements, industrial automation needs, and significant investments from both private and public sectors.

Major players in the industry include ABB Ltd., Aethon, Anki (Digital Dream Labs), Boston Dynamics, Blue Ocean Robotics, Clearpath Robotics, DJI, Ecovacs Robotics, Ekso Bionics, and Fanuc Corporation.

Robot Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 24
  • Tables & Figures: 453
  • Countries covered: 22
  • Pages: 206
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