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Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global robotics market reached a value of US$ 33.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 87.2 Billion by 2027, exhibiting a CAGR of 17.6% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Robotics is an interdisciplinary branch of artificial intelligence (AI) that studies the conception, operation, design and manufacturing of robots. It involves different fields of electrical and mechanical engineering and computer science. Robots refer to multifunctional, automatic and re-programmable industrial machines, which can be embedded with a variety of high-tech devices, such as visual, tactile and audio sensors. They are designed to perform several tasks automatically with speed, intelligence and accuracy. The essential components of a robot are body or frame, control system, manipulators and drivetrain. The R&D in the field of robotics enables the development of versatile robots that can perform tasks across various industries, including healthcare, aerospace, defense and automotive. The emergence of this technology has facilitated producers and service providers across the globe with convenience, increased output level, reduced human errors, enhanced quality and process automation.

 

 
 

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Over the past few years, market players have been introducing high-quality, innovative robotic technologies in the industrial sector, where these are used for warehousing, manufacturing, and assembling applications. Some of these innovations include underwater robotics, human-robot interaction, legged mobility, machine learning (ML), and self-driving vehicles. Besides this, there has been a significant increase in cybersecurity threats as robots are becoming more connected with internal data systems. Owing to this, organizations and firms across the globe have been investing heavily in research and development (R&D) activities to address the current vulnerabilities while ensuring safe, secure and reliable production. Furthermore, AI and robotic technologies are largely used in the healthcare sector on account of the rising need of surgical robotics, and growth in lab and pharmacy automation. Also, there has been an escalating demand for collaborative robots to avoid any possible errors. These robots can operate alongside humans and are considerably cheaper than their industrial counterparts. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global robotics market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type.

Breakup by Product Type:

 

 
 

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  • Industrial
    • Breakup by Type
      • Articulated
      • Cartesian
      • SCARA
      • Cylindrical
      • Others 
  • Service
    • Breakup by Type
      • Personal and Domestic
      • Professional
    • Breakup by Application
      • Household Applications
      • Entertainment Applications
      • Defence Applications
      • Field Applications
      • Logistics Applications
      • Healthcare Applications
      • Infrastructure Applications
      • Mobile Platform Applications
      • Cleaning Applications
      • Others


At present, service robots are the most popular in the industry.

Regional Insights:

 

 
 

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  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa


On the basis of regions, Asia Pacific represents the biggest market for robotics, accounting for the majority of the total market share.

Competitive Landscape:

The report has also analyzed the competitive landscape of the market. Some of the key players operating in the market include ABB Group, KUKA AG, FANUC Corporation and Yaskawa Electric Corporation.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product Type, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered ABB Group, KUKA AG, FANUC Corporation and Yaskawa Electric Corporation
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Robotics Market
    5.1    Market Overview
    5.2    Key Market Drivers and Success Factors
    5.3    Market Performance
        5.3.1    Historical and Current Market Trends
        5.3.2    Market Breakup by Product Type
        5.3.3    Market Breakup by Region
        5.3.4    Market Forecast
    5.4    Impact of COVID-19
    5.5    SWOT Analysis
        5.5.1    Overview
        5.5.2    Strengths
        5.5.3    Weaknesses
        5.5.4    Opportunities
        5.5.5    Threats
    5.6    Value Chain Analysis
    5.7    Porter’s Five Forces Analysis
        5.7.1    Overview
        5.7.2    Bargaining Power of Buyers
        5.7.3    Bargaining Power of Suppliers
        5.7.4    Degree of Competition
        5.7.5    Threat of New Entrants
        5.7.6    Threat of Substitutes
6   Global Robotics Market by Product Type
    6.1    Introduction
        6.1.1    Industrial Robots and Service Robots
        6.1.2    Key Market Trends and Developments
    6.2    Global Industrial Robotics Market
        6.2.1    Market Overview
        6.2.2    Historical and Current Market Trends
        6.2.3    Market Breakup by Type
            6.2.3.1 Articulated Robots
                6.2.3.1.1 Historical and Current Market Trends
                6.2.3.1.2 Market Forecast
            6.2.3.2 Cartesian Robots
                6.2.3.2.1 Historical and Current Market Trends
                6.2.3.2.2 Market Forecast
            6.2.3.3 SCARA Robots
                6.2.3.3.1 Historical and Current Market Trends
                6.2.3.3.2 Market Forecast
            6.2.3.4 Cylindrical Robots
                6.2.3.4.1 Historical and Current Market Trends
                6.2.3.4.2 Market Forecast
            6.2.3.5 Others 
                6.2.3.5.1 Historical and Current Market Trends
                6.2.3.5.2 Market Forecast
        6.2.4    Market Forecast
        6.2.5    Trade Data
    6.3    Global Service Robotics Market
        6.3.1    Market Overview
        6.3.2    Historical and Current Market Trends
        6.3.3    Market Breakup by Type
          6.3.3.1 Personal and Domestic Robots Market
               6.3.3.1.1    Historical and Current Market Trends
               6.3.3.1.2    Market Forecast
          6.3.3.2 Professional Robots Market
               6.3.3.2.1    Historical and Current Market Trends
               6.3.3.2.2    Market Forecast
        6.3.4    Market Breakup by Applications
          6.3.4.1 Household Applications
               6.3.4.1.1    Historical and Current Market Trends
               6.3.4.1.2    Market Forecast
          6.3.4.2 Entertainment Applications
               6.3.4.2.1    Historical and Current Market Trends
               6.3.4.2.2    Market Forecast
          6.3.4.3 Defence Applications
               6.3.4.3.1    Historical and Current Market Trends
               6.3.4.3.2    Market Forecast
          6.3.4.4 Field Applications
               6.3.4.4.1    Historical and Current Market Trends
               6.3.4.4.2    Market Forecast
          6.3.4.5 Logistics Applications
               6.3.4.5.1    Historical and Current Market Trends
               6.3.4.5.2    Market Forecast
          6.3.4.6 Healthcare Applications
               6.3.4.6.1    Historical and Current Market Trends
               6.3.4.6.2    Market Forecast
          6.3.4.7 Infrastructure Applications
               6.3.4.7.1    Historical and Current Market Trends
               6.3.4.7.2    Market Forecast
          6.3.4.8 Mobile Platform Applications
               6.3.4.8.1    Historical and Current Market Trends
               6.3.4.8.2    Market Forecast
          6.3.4.9 Cleaning Applications
               6.3.4.9.1    Historical and Current Market Trends
               6.3.4.9.2    Market Forecast
          6.3.4.10 Others
               6.3.4.10.1    Historical and Current Market Trends
               6.3.4.10.2    Market Forecast
        6.3.5    Market Forecast
7   Global Robotics Market by Region
    7.1    North America
        7.1.1    Market Overview
        7.1.2    Historical and Current Market Trends
        7.1.3    Market Breakup by Product Type
        7.1.4    Market Forecast
    7.2    Europe
        7.2.1    Market Overview
        7.2.2    Historical and Current Market Trends
        7.2.3    Market Breakup by Product Type
        7.2.4    Market Forecast
    7.3    Asia Pacific
        7.3.1    Market Overview
        7.3.2    Historical and Current Market Trends
        7.3.3    Market Breakup by Product Type
        7.3.4    Market Forecast
    7.4    Latin America
        7.4.1    Market Overview
        7.4.2    Historical and Current Market Trends
        7.4.3    Market Breakup by Product Type
        7.4.4    Market Forecast
    7.5    Middle East and Africa
        7.5.1    Market Overview
        7.5.2    Historical and Current Market Trends
        7.5.3    Market Breakup by Product Type
        7.5.4    Market Forecast
8   Competitive Landscape
    8.1    Market Structure
    8.2    Market Breakup by Key Players
    8.3    Key Player Profiles

List of Figures

Figure 1: Robots: Basic Components of a Robot and their Functionality
Figure 2: Global: Robotics Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Robotics Market: Breakup by Product Type (in %), 2021
Figure 4: Global: Robotics Market: Breakup by Region (in %), 2021
Figure 5: Global: Robotics Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 6: Global: Robotics Industry: SWOT Analysis
Figure 7: Global: Robotics Industry: Value Chain Analysis
Figure 8: Global: Robotics Industry: Porter’s Five Forces Analysis
Figure 9: Global: Robotics Market: Types of Robots
Figure 10: Global: Industrial Robotics Market: Sales Value (in Million US$), 2016-2021
Figure 11: Global: Industrial Robots Market: Breakup by Type (in %), 2021
Figure 12: Global: Industrial (Articulated) Robots Market: Sales Value (in Million US$), 2016-2021
Figure 13: Global: Industrial (Articulated) Robots Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Industrial (Cartesian) Robots Market: Sales Value (in Million US$), 2016-2021
Figure 15: Global: Industrial (Cartesian) Robots Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Industrial (SCARA) Robots Market: Sales Value (in Million US$), 2016-2021
Figure 17: Global: Industrial (SCARA) Robots Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Industrial (Cylindrical) Robots Market: Sales Value (in Million US$), 2016-2021
Figure 19: Global: Industrial (Cylindrical) Robots Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Industrial (Other Types) Robots Market: Sales Value (in Million US$), 2016-2021
Figure 21: Global: Industrial (Other Types) Robots Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Industrial Robotics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Industrial Robots Market Forecast: Breakup by Type (in %), 2027
Figure 24: Global: Industrial Robotics Market: Export Value Breakup by Country (in %)
Figure 25: Global: Industrial Robotics Market: Import Value Breakup by Country (in %)
Figure 26: Global: Service Robots Market: Sales Value (in Million US$), 2016-2021
Figure 27: Global: Service Robots Market: Breakup by Type (in %), 2021
Figure 28: Global: Service (Personal and Domestic) Robots Market: Sales Value (in Million US$), 2016-2021
Figure 29: Global: Service (Personal and Domestic) Robots Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Service (Professional) Robots Market: Sales Value (in Million US$), 2016-2021
Figure 31: Global: Service (Professional) Robots Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Service (Personal and Domestic) Robotics Market: Breakup by Applications (in %), 2021
Figure 33: Global: Service (Professional) Robots Market: Breakup by Applications (in %), 2021
Figure 34: Global: Service (Professional) Robots Market: Key Segments Market Shares (in %), 2016-2021
Figure 35: Global: Service Robots Market (Household Applications): Sales Value (in Million US$), 2016-2021
Figure 36: Global: Service Robots Market Forecast (Household Applications): Sales Value (in Million US$), 2022-2027
Figure 37: Global: Service Robots Market (Entertainment Applications): Sales Value (in Million US$), 2016-2021
Figure 38: Global: Service Robots Market Forecast (Entertainment Applications): Sales Value (in Million US$), 2022-2027
Figure 39: Global: Robotics Market (Defence Applications): Sales Value (in Million US$), 2016-2021
Figure 40: Global: Robotics Market Forecast (Defence Applications): Sales Value (in Million US$), 2022-2027
Figure 41: Global: Robotics Market (Field Applications): Sales Value (in Million US$), 2016-2021
Figure 42: Global: Robotics Market Forecast (Field Applications): Sales Value (in Million US$), 2022-2027
Figure 43: Global: Robotics Market (Logistics Applications): Sales Value (in Million US$), 2016-2021
Figure 44: Global: Robotics Market Forecast (Logistics Applications): Sales Value (in Million US$), 2022-2027
Figure 45: Global: Robotics Market (Healthcare Applications): Sales Value (in Million US$), 2016-2021
Figure 46: Global: Robotics Market Forecast (Healthcare Applications): Sales Value (in Million US$), 2022-2027
Figure 47: Global: Robotics Market (Infrastructure Applications): Sales Value (in Million US$), 2016-2021
Figure 48: Global: Robotics Market Forecast (Infrastructure Applications): Sales Value (in Million US$), 2022-2027
Figure 49: Global: Robotics Market (Mobile Platform Applications): Sales Value (in Million US$), 2016-2021
Figure 50: Global: Robotics Market Forecast (Mobile Platform Applications): Sales Value (in Million US$), 2022-2027
Figure 51: Global: Robotics Market (Cleaning Applications): Sales Value (in Million US$), 2016-2021
Figure 52: Global: Robotics Market Forecast (Cleaning Applications): Sales Value (in Million US$), 2022-2027
Figure 53: Global: Robotics Market (Other Applications): Sales Value (in Million US$), 2016-2021
Figure 54: Global: Robotics Market Forecast (Other Applications): Sales Value (in Million US$), 2022-2027
Figure 55: Global: Service Robotics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Global: Service Robots Market Forecast: Breakup by Type (in %), 2027
Figure 57: Global: Robotics Market: Breakup by Region (in %), 2021 & 2027
Figure 58: North America: Robotics Market: Sales Value (in Million US$), 2016-2021
Figure 59: North America: Robotics Market: Breakup by Product Type (in %), 2021
Figure 60: North America: Industrial Robotics Market: Sales Value (in Million US$), 2016-2021
Figure 61: North America: Industrial Robotics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: North America: Service Robotics Market: Sales Value (in Million US$), 2016-2021
Figure 63: North America: Service Robotics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: North America: Robotics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Europe: Robotics Market: Sales Value (in Million US$), 2016-2021
Figure 66: Europe: Robotics Market: Breakup by Product Type (in %), 2021
Figure 67: Europe: Industrial Robotics Market: Sales Value (in Million US$), 2016-2021
Figure 68: Europe: Industrial Robotics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Europe: Service Robotics Market: Sales Value (in Million US$), 2016-2021
Figure 70: Europe: Service Robotics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Europe: Robotics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Asia Pacific: Robotics Market: Sales Value (in Million US$), 2016-2021
Figure 73: Asia Pacific: Robotics Market: Breakup by Product Type (in %), 2021
Figure 74: Asia Pacific: Industrial Robotics Market: Sales Value (in Million US$), 2016-2021
Figure 75: Asia Pacific: Industrial Robotics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Asia Pacific: Service Robotics Market: Sales Value (in Million US$), 2016-2021
Figure 77: Asia Pacific: Service Robotics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Asia Pacific: Robotics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Latin America: Robotics Market: Sales Value (in Million US$), 2016-2021
Figure 80: Latin America: Robotics Market: Breakup by Product Type (in %), 2021
Figure 81: Latin America: Industrial Robotics Market: Sales Value (in Million US$), 2022-2027
Figure 82: Latin America: Industrial Robotics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Latin America: Service Robotics Market: Sales Value (in Million US$), 2016-2021
Figure 84: Latin America: Service Robotics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Latin America: Robotics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Middle East and Africa: Robotics Market: Sales Value (in Million US$), 2016-2021
Figure 87: Middle East and Africa: Robotics Market: Breakup by Product Type (in %), 2021
Figure 88: Middle East and Africa: Industrial Robotics Market: Sales Value (in Million US$), 2016-2021
Figure 89: Middle East and Africa: Industrial Robotics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 90: Middle East and Africa: Service Robotics Market: Sales Value (in Million US$), 2016-2021
Figure 91: Middle East and Africa: Service Robotics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 92: Middle East and Africa: Robotics Market Forecast: Sales Value (in Million US$), 2022-2027

List of Tables

Table 1: Global: Robotics Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Robotics Industry: Services Offered at the Various Levels of the Value Chain
Table 3: Global: Industrial Robots Market: Key Industry Highlights, 2021 and 2027
Table 4: Global: Industrial Robotics Market: Export Data of Major Countries
Table 5: Global: Industrial Robotics Market: Import Data of Major Countries
Table 6: Global: Service Robots Market: Key Industry Highlights, 2021 and 2027
Table 7: Global: Robotics Market: Regional Highlights, 2021 and 2027   
Table 8: Global: Robotics Market: Competitive Structure
Table 9: Global: Robotics Market: Key Players

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Key Questions Answered in This Report

The global robotics market was valued at US$ 33.2 Billion in 2021.

We expect the global robotics market to exhibit a CAGR of 17.6% during 2022-2027.

The continuous emergence of high-quality, innovative robotic technologies for warehousing,
manufacturing, and assembling applications, is currently driving the global robotics market.

The sudden outbreak of the COVID-19 pandemic has led to the escalating demand for robotic
technologies across several end-use industries, to ensure safe, secure, and reliable production
process with minimized risk of the coronavirus infection upon human interaction.

Based on the product type, the global robotics market can be bifurcated into industrial and service.
Currently, service robots account for the majority of the total market share.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle
East and Africa, and Latin America, where Asia Pacific currently dominates the global market.

Some of the major players in the global robotics market include ABB Group, KUKA AG, FANUC
Corporation, and Yaskawa Electric Corporation.

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