Robotics Market Research Report: Information By Type (Autonomous Mobile Robots (AMRs), Automated Guided Vehicles (AGVs), Articulated Robots, Humanoids, Collaborative Robots (Cobots) and Others), By Environment (Aerial, Ground and Marine) By Mobility (Mobi

Robotics Market Research Report: Information By Type (Autonomous Mobile Robots (AMRs), Automated Guided Vehicles (AGVs), Articulated Robots, Humanoids, Collaborative Robots (Cobots) and Others), By Environment (Aerial, Ground and Marine) By Mobility (Mobile Robotics and Fixed Robotics) By Application (Material Handling, Assembling & Disassembling, Welding & Soldering, Dispensing & Processing, Security & Inspection, Cleaning & Sanitization, Personal Assistance and Others), By End User (Domestic/Household, Industrial, Medical & Healthcare, Farming and Agriculture, Retail and Hospitality, Logistics & Warehousing, Military & Defense, Construction & Infrastructure, Marine, Education, Sports & Entertainment and Others), And By Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) Industry Forecast Till 2032

In 2023, the robotics market was estimated to be worth USD 71,196.4 million. With a compound annual growth rate (CAGR) of 18.4% from 2024 to 2032, the robotics market is expected to increase from USD 74,120.7 million in 2024 to USD 286,798.3 million by 2032. Due to a number of factors, the robotics market is anticipated to increase significantly throughout the forecast period. Key factors include the rise in medical robots, the expansion of industrial robotics adoption, and the advancement of artificial intelligence technology are anticipated to propel the robotics market's growth. However, it is anticipated that elements like high beginning costs and technical complexity will limit market expansion.

By accelerating the delivery of supplies and disinfection and freeing up professionals' time to interact with patients, Rbots are completely changing the way medical procedures are carried out. In addition to the operating room, clinical settings are now using robots to assist medical staff and enhance patient care.

Market Segment Insights:
The robotics market is divided into several types, including articulated robots, humanoids, collaborative robots (cobots), autonomous mobile robots (AMRs), automated guided vehicles (AGVs), and others.
The market is divided into three segments based on the environment: marine, ground, and aerial.
Mobile robotics and fixed robotics are included in the robotics market segmentation based on mobility.
Material handling, assembly and disassembly, welding and soldering, dispensing and processing, security and inspection, cleaning and sanitization, personal assistance, and others are all included in the market segmentation based on application.

Domestic/Household, Industrial, Medical & Healthcare, Farming & Agriculture, Retail & Hospitality, Logistics & Warehousing, Military & Defense, Construction & Infrastructure, Marine, Education, Sports & Entertainment, and Others are the segments of the robotics market based on end-users.

Local Perspectives
With a 50.4% revenue share in 2023, Asia-Pacific led the robotics market and is anticipated to continue to do so throughout the forecast period. The biggest robotics market is Asia-Pacific. The region has drawn foreign investors since it has more financial institutions than any other. The Asia-Pacific market is dominated by local firms, creating significant barriers to entrance. Furthermore, South Korea and China are leading the way in the use of robotics due to the substantial deployment of the electronics and automotive production industries.

Because of the rapid adoption of smart factories and industrial automation, North America was among the first regions to use industrial robotics. After Europe and Asia, the region is also one of the top markets for automobile manufacture. The rise of the medical and healthcare sectors is one of the main factors propelling the North American robotics industry.

Because of this factor, the robots market in Europe is growing quickly. Since Germany is the world leader in robotics, more developments in this field are observed there. The highest robot-to-employee ratio in Europe is seen in Germany's manufacturing sector. In this area, generative AI is being used to create novel robot systems, enhance robot control, and create new robotics applications.

Key Players
The market's leading companies are Omron Corporation, FANUC Corporation, Kuka AG, Yaskawa Electric Corporation, Denso Corporation, Kawasaki Heavy Industries, Ltd., Honda Motor Co. Ltd., ABB Limited, Sony Corporation, Mitsubishi Electric Corporation, Northrop Grumman Corporation, Geekplus Technology Co., Ltd., Boston Dynamics, iRobot Corporation, Nachi-Fujikoshi Corp., and Universal Robots A/S.