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Report Overview
The global robotics market was valued at USD 28.31 Billion in 2024. It is expected to grow at a CAGR of 11.00% from 2025 to 2034, reaching approximately USD 80.38 Billion by 2034. The global robotics market is expanding rapidly, driven by advancements in technology and increasing demand across various industries. Robotics has emerged as a key driver of automation in sectors such as manufacturing, healthcare, and entertainment. The market for medical robots, including robotic surgery systems, has grown significantly due to the rising demand for precision in the healthcare industry. Additionally, industrial robotics in robotics market, including robotic arms, continues to see a surge in demand with the adoption of Industry 4.0 practices. The integration of artificial intelligence into robotics is enhancing machine capabilities, enabling robots to perform complex tasks with higher accuracy and efficiency. Despite the market's promising growth, challenges such as high initial costs and technical complexity continue to limit widespread adoption. According to the latest forecasts, the robotics market is expected to grow at a robust CAGR during the forecast period, with entertainment robots also contributing to this rapid expansion.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
Robotics Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the market attained a value of nearly USD 28.31 Billion.
The market is assessed to grow at a CAGR of 11.00% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach about USD 80.38 Billion by 2034.
The global robotics market is expanding rapidly, driven by advancements in technology and increasing demand across various industries.
The robotics market demand is expected to be supported by the major transformation of robots and their use as surgical assistants, personal assistants, autonomous vehicles, exoskeletons, delivery vehicles, and crewless aerial vehicles, among many other uses.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major types of robotics in the market are service robotics, industrial robotics, autonomous mobile robots (AMRs), automated guided vehicles (AGVs), articulated robots, humanoids, and collaborative robots (Cobots), among others.
The significant applications of robotics are material handling, assembling & disassembling, welding & soldering, dispensing & processing, security & inspection, cleaning & sanitization, and personal assistance, among others.
The key players in the global robotics market are FANUC Corporation, ABB Ltd, Denso Corporation, Toshiba Infrastructure Systems & Solutions Corporation, Mitsubishi Electric Corporation, Yaskawa Electric Corporation, Universal Robots A/S, Sony Corporation, Kawasaki Heavy Industries, Ltd., Boston Dynamics, iRobot Corporation, Nachi-Fujikoshi Corp, Honda Motor Co. Ltd, Northrop Grumman Corporation, Geekplus Technology Co., Ltd, Omron Corporation, and Kuka AG, among others.
Asia Pacific had the largest share of the global market.
The articulated robots category dominated the market.
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