The Global Robotics Market was valued at around USD 34 billion in 2022 and is expected to grow USD 89.27 Billion by 2030 at a CAGR of around 27.7% between 2022 and 2030.

Browse 215 market data Tables and 96 Figures spread through 312 Pages and in-depth TOC on "Robotics Market Size, Share & Trends Estimation Report By Outlook, By Region, And Segment Forecasts, 2022 - 2030" View detailed Table of Content here-https://www.contrivedatuminsights.com/product-report/robotics-market-248701/

The global robotics market is a rapidly growing industry that includes the development, manufacturing, and sales of robots across various sectors such as industrial, commercial, and personal use. 

The increasing demand for automation and the adoption of advanced technologies, such as artificial intelligence (AI) and machine learning (ML), are driving the growth of the robotics market. The market is also being driven by factors such as increasing labor costs, the need for precision and accuracy in manufacturing, and the rising demand for robots in industries such as healthcare and defense.

Market Dynamics

Automation: The need for automation in various industries, including manufacturing, healthcare, and logistics, is driving the demand for robots. Robotics helps improve efficiency, reduce errors, and increase productivity.

Advances in technology: The development of advanced technologies such as artificial intelligence, machine learning, and computer vision is enabling the development of robots that can perform complex tasks and make decisions based on real-time data.

Rising labor costs: As labor costs continue to rise, many companies are turning to automation and robotics as a way to reduce costs and improve efficiency.

High cost of robotics: The high cost of robotics is a significant barrier to adoption, especially for small and medium-sized businesses that may not have the resources to invest in expensive equipment.

Lack of skilled labor: Robotics requires specialized skills in programming, maintenance, and repair, which can be a challenge for companies that do not have access to skilled labor.

Resistance to change: Implementing robotics in the workplace requires significant changes in processes and workflows, which can be met with resistance from employees who may fear job losses or feel uncomfortable working alongside robots.

Lack of standards: There is a lack of global standards for robotics, which can lead to interoperability issues and compatibility problems between different robots and systems.

Ethical considerations: As robots become more advanced, there are ethical considerations around the use of robotics, including issues related to privacy, safety, and accountability.

Human-machine collaboration: As robots become more integrated into the workforce, there are concerns around the impact on human workers and how to ensure effective collaboration between humans and robots.

Industry 4.0: The fourth industrial revolution, or Industry 4.0, is characterized by the integration of advanced technologies such as robotics, AI, and the Internet of Things (IoT). Robotics is a key enabler of Industry 4.0, and companies that adopt robotics can gain a competitive advantage over those that do not.

Healthcare: The healthcare industry presents significant opportunities for robotics, including surgical robots, rehabilitation robots, and robotic exoskeletons. Robotics can improve the quality of care, reduce the risk of errors, and provide support to patients and healthcare workers.

Defense and Security is being used in defense and security applications, including unmanned aerial vehicles (UAVs) and ground robots for surveillance and reconnaissance. The use of personal robots, such as companion robots for the elderly and disabled, educational robots for children, and entertainment robots for consumers, is increasing.

Environmental Monitoring and Disaster Response is being used in environmental monitoring and disaster response applications, including search and rescue robots, underwater drones, and unmanned aerial vehicles for mapping and surveying. Construction is being used in construction to automate tasks such as bricklaying and concrete pouring, reducing labor costs and improving efficiency. Energy is being used in the energy industry for tasks such as inspection and maintenance of oil rigs and wind turbines.

Retail and Hospitality industry is using robotics for tasks such as customer service, cleaning, and inventory management. The aerospace and defense industry uses robotics for tasks such as inspection, assembly, and maintenance of aircraft and spacecraft. Logistics and Warehousing is being used in logistics and warehousing to improve efficiency and reduce costs, with applications such as automated guided vehicles (AGVs), drones, and robotic arms.

Agriculture is being used in agriculture to automate tasks such as planting, harvesting, and spraying, improving efficiency and reducing labor costs. Construction is being used in construction to automate tasks such as bricklaying and concrete pouring, reducing labor costs and improving efficiency. Energy is being used in the energy industry for tasks such as inspection and maintenance of oil rigs and wind turbines.

Regional Analysis

The industrial robotics segment dominates the market, accounting for the largest share in terms of revenue. This is due to the increasing use of robots in industries such as automotive, electronics, and food and beverages. The commercial robotics segment, which includes service robots used in healthcare, retail, and hospitality, is also expected to witness significant growth in the coming years.

The European market for robotics is driven by increasing adoption of robotics in manufacturing, healthcare, and logistics industries, and government initiatives to support the adoption of robotics.

The Asia-Pacific market for robotics is the fastest-growing, driven by the presence of major manufacturing hubs, increasing adoption of automation and robotics in various industries, and government initiatives to promote the use of robotics. The Latin American market for robotics is driven by increasing adoption of robotics in various industries, such as automotive and manufacturing. The Middle East and Africa market for robotics is driven by increasing adoption of robotics in various industries, such as oil and gas, construction, and logistics.

Competitive Analysis

Yaskawa is a Japanese robotics company that provides robots for various applications, including manufacturing, healthcare, and entertainment. Kuka is a German robotics company that provides robots and automation solutions for various industries, including automotive, electronics, and aerospace. Mitsubishi Electric is a Japanese multinational electronics company that provides robots, automation systems, and solutions for various industries.

Universal Robots is a Danish robotics company that provides collaborative robots (cobots) for various industries, including manufacturing and healthcare. Nachi-Fujikoshi is a Japanese company that provides robots, automation solutions, and machine tools for various industries. Denso is a Japanese multinational automotive components manufacturer that provides robots and automation solutions for various industries, including automotive and electronics.

In 2020, Softbank Group Corp. completed its acquisition of Boston Dynamics, a leading robotics company known for its agile and humanoid robots. In 2021, NVIDIA acquired DeepMap, a startup that provides high-definition mapping and localization technology for autonomous vehicles. In 2020, Amazon acquired Canvas Technology, a startup that provides autonomous carts and robots for use in warehouses and other logistics operations.

In 2021, Siemens acquired Atlas 3D, a company that provides software for additive manufacturing, which uses robotics to build parts layer by layer. In 2021, Boston Scientific acquired Intelligent Medical Robotics, a startup that provides robotics technology for minimally invasive surgeries. In 2020, Hyundai Motor Group announced a $1.1 billion investment in Boston Dynamics to support the development of robotics technology for various applications. In 2021, Softbank Vision Fund invested $300 million in Automation Anywhere, a leading provider of robotic process automation (RPA) technology.

Segmentation Analysis of The Global Robotics Market 2016-2030

The report forecasts revenue growth at global, regional, and country matrics and analyzes the latest industry trends in each of the sub-segments ranging from 2016-2030. For this, CDI has segmented the global robotics market report based on capacity, vehicle, application, and propulsion type along with regional analysis. 

By application

• Disinfection
• Shelf scanning
• RFID Scanning
• Delivery
• Security & Inspection
• Advertising

By End user

• Automotive
• Retail
• Healthcare
• Electronic

Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
  • Germany
  • France
  • Italy
  • Spain
  • UK
  • Nordic Countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America