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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Robotics Technology Market Competitive Landscape
The key players in the global robotics technology market include ABB Ltd., DENSO Corporation, FANUC America Corporation, Kawasaki Heavy Industries, Ltd., KUKA Aktiengesellschaft, Mitsubishi Electric Corporation, and Omron Corporation, among others.
ABB Group
- Digitalization: ABB's digital platform, ABB Ability™, integrates robotics with digital technologies to enable smart manufacturing and real-time monitoring.
- Global Expansion and Localization: Pursues global expansion by establishing new manufacturing facilities and R&D centres in key regions and localizes products to meet specific regional needs.
FANUC Corporation
- Innovative Product Development: Continuously develops new robotic solutions with advanced features and enhanced performance through significant R&D investment is increasing the robotics technology market revenue.
- Customer-Centric Solutions: Offers customized robotic solutions and comprehensive after-sales support, working closely with clients to meet their unique requirements.
- Integration of IoT and Big Data: Leverages IoT and big data analytics to create smart robotics solutions for real-time monitoring, predictive maintenance, and improved operational efficiency.
Yaskawa Electric Corporation
- Strategic Acquisitions and Partnerships: Expands market presence and enhances product portfolios through strategic acquisitions and collaborations, allowing entry into new market segments and increasing robotics technology demand globally.
- Customer-Centric Solutions: Prioritizes customer satisfaction by offering tailored robotic solutions and comprehensive after-sales support, closely collaborating with clients.
- Training and Support: Providing comprehensive training programs and customer support to ensure effective use of their robotics solutions.
Mitsubishi Electric Corporation
- Collaborations with Universities and Research Institutions: They often partner with academic institutions and research organizations to leverage the latest scientific advancements and integrate them into their products.
- Advanced Automation: Developing integrated automation solutions that combine robotics with other automation technologies such as programmable logic controllers (PLCs), human-machine interfaces (HMIs), and motion control systems.
KUKA AG
- Collaborative Robots (Cobots): Focus on the development of collaborative robots that can work alongside humans safely and efficiently. These cobots are designed to be easily programmable and adaptable to various industrial applications.
- KUKA Connect: A cloud-based platform that allows users to monitor and analyze the performance of their robots in real-time. This digitalization initiative aims to optimize maintenance, reduce downtime, and improve overall operational efficiency.
Robotics Technology Market Report Snapshots
Robotics Technology Market Size
Robotics Technology Market Growth
Robotics Technology Market Share
Robotics Technology Market Regional Analysis
*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 2023, the global robotics technology market attained a value of nearly USD 106.05 billion.
The market is projected to grow at a CAGR of 14.2% between 2024 and 2032.
The major drivers of the market include the rising utilisation of robotics technology in small and medium-sized enterprises, the increasing attempts to enhance production efficiency in various end-use sectors, and the growing adoption of big data technology and artificial intelligence.
The key trends guiding the market growth include the introduction of Industry 4.0 in various sectors, the robust growth of the e-commerce sector, the shift towards automation, and technological advancements and innovations.
The major regions in the robotics technology market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Software, hardware, and services are the major components in the market.
Traditional industrial robots, cobots, and professional service robots, among others are the major robot types in the market.
The various applications of robotics technology are manufacturing, healthcare, aerospace and defence, media and entertainment, and logistics, among others.
The major players in the market are ABB Ltd., DENSO Corporation, FANUC America Corporation, Kawasaki Heavy Industries, Ltd., KUKA Aktiengesellschaft, Mitsubishi Electric Corporation, and Omron Corporation, among others.
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