Robot Market Size By Product (UVC Disinfection Robots [Fully Autonomous, Semi-Autonomous], Delivery Robots [Serving Robots, Indoor Delivery Robots], Guide Robots, Security Robots), By Vertical (Retail, Hospitality, Education & Scientific Research, Healthc

Robot Market Size By Product (UVC Disinfection Robots [Fully Autonomous, Semi-Autonomous], Delivery Robots [Serving Robots, Indoor Delivery Robots], Guide Robots, Security Robots), By Vertical (Retail, Hospitality, Education & Scientific Research, Healthcare, Residential, Public, Food & Beverage), COVID-19 Impact Analysis, Growth Potential, Regional Outlook, Competitive Market Share & Forecast, 2023 - 2032


Global Robot Market is anticipated to experience robust growth between 2023 and 2032, primarily owing to a steady demand for security robots and guide robots in Europe and in North America. The scarcity of skilled and semi-skilled labor in countries such as France and Germany is affecting routine jobs including security surveillance, resulting in increasing engagement of robots. For instance, in June 2021, Westland Real Estate Group deployed Knightscope’s autonomous security robot at an apartment complex in Las Vegas, U.S.

In addition, the key market providers are also engaging into meaningful partnerships, joint ventures, and acquisitions to strengthen their position in the robot market. To cite an instance, in April 2022, GreyOrange, a global supplier of mobile robots, announced extending its partnership with Sistemo, a South American consulting firm, for smart fulfilment solutions. The partnership would enable the firms to expand their services and solutions in Latin America.

Overall, the robot market is segmented in terms of product, vertical, and region.

In terms of product, the robot market is likely to be characterized by the security robots segment, which was valued at more than USD 2.5 billion in 2022. The demand for security robots is increasing due to their long-term cost-effectiveness and overall performance. To cater to the increasing demand for security robots, startups such as Cobalt have made robot security guards, which are used to patrol offices. If these robots find any anomaly, they communicate the same to the office worker.

On the basis of vertical, the education and scientific research segment is anticipated to reach more than USD 1 billion, in terms of valuation, by 2032 end. The growth can be attributed to the increasing number of robots that are deployed in education centers to deliver food and drinks to the staff and the students.

In the regional context, the robot market is set to grow rapidly in the North America region, where it held more than 45% market share in 2022. The regional market expansion is attributable to the increasing usage of UV disinfecting robots in hotels and restaurants and delivery robots. Besides, robots are getting increasingly hired as Covid-19-led economic disruptions and remote work setting has accelerated more technical hires.

According to a report by A3 (Association for Advancing Automation), from January 2021 to September 2021, factories and industries in North America ordered a record number of 29,000 robots, which is a 37% increase from the statistics of the last year.