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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Robotics Technology Market Growth
The growing technological advancements and the increasing shift towards automation are the major factors driving the robotics technology industry growth. In addition, the industry is predicted to grow significantly during the forecast period driven by advantages such as improved quality, cost reduction, and increased production efficiency, among others. In the rapidly changing industry, robots provide services more efficiently with reduced wastage. The rising demand from small and medium scale enterprises in developing countries is expected to contribute to the robotics technology market value.
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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124