Global Assistive Robotics Market to Reach $49.3 Billion by 2030
The global market for Assistive Robotics estimated at US$26.2 Billion in the year 2023, is expected to reach US$49.3 Billion by 2030, growing at a CAGR of 9.4% over the period 2023-2030. Stationary Robotics, one of the segments analyzed in the report, is expected to record 8.9% CAGR and reach US$28.3 Billion by the end of the analysis period. Growth in the Mobile Robotics segment is estimated at 10.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $8 Billion, While China is Forecast to Grow at 8.7% CAGR
The Assistive Robotics market in the U.S. is estimated at US$8 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.4 Billion by the year 2030 trailing a CAGR of 8.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.7% and 7.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.
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