The global robotics technology market size reached USD 108.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 237.0 Billion by 2033, exhibiting a growth rate (CAGR) of 9.13% during 2025-2033. The rising investments and government support to boost robotics research and development are stimulating the market. Asia Pacific currently dominates the robotics technology market due to high industrial automation demand, strong manufacturing base, government support, and rapid adoption across sectors.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
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USD 108.0 Billion |
Market Forecast in 2033
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USD 237.0 Billion |
Market Growth Rate 2025-2033 | 9.13% |
Growing Demand for Automation and Smart Devices
The rising dependence on automation and safety protocols in companies is influencing the robotics technology market trends. Robotics technology fulfills essential business requirements by optimizing processes, minimizing human mistakes, and boosting efficiency. Businesses are automating different processes to reduce expenses, enhance efficiency, and provide superior-quality products, all of which are crucial for staying competitive in the market. Moreover, the growing need for smart home devices is fueling progress in robotics, as these gadgets seek to enhance user convenience and aid urban development and economic expansion. In 2025, SwitchBot introduced the K20+ Pro, a multifunctional home robot that integrates vacuuming, air purification, security, and delivery into a single platform. Co-founder Richard Mou highlighted the company's ecosystem strategy and announced intentions for a robotic arm and AI-enabled hub to improve functionality. This signifies progress toward SwitchBot’s goal of “Smart Home 2.0: Embodied AI.” The increasing use of these technologies underscores the expanding presence of robotics in everyday life, driving growth and innovation in the robotics technology industry.
Increasing Applications of Robotics in Healthcare
The application of robotics in healthcare is expanding at a remarkable pace, particularly in the areas of surgery, rehabilitation, and patient support. Robots are increasingly utilized in hospitals to perform essential tasks, such as room cleaning and the transportation of medical supplies, thereby enhancing operational efficiency and supporting healthcare professionals in delivering high-quality patient care. In July 2024, LG Business Solutions USA unveiled the LDLIM31 autonomous robot, an AI-powered, door-type model designed as part of their CLOIi ServeBot product line. This robot was specifically developed to offer efficient delivery services in both hospitality and healthcare settings, further streamlining operations in these industries. As per the robotics technology market analysis report, such innovations are playing a pivotal role in bolstering the robotics technology market growth. These advancements are key drivers shaping the current robotics technology market trends, influencing broader applications across multiple sectors.
Rising Popularity of AI-Driven Robotics
The integration of AI into robotics significantly enhances their ability to make autonomous decisions and solve complex problems with advanced capabilities. AI-powered robots are capable of analyzing vast amounts of data, learning from their experiences, and continuously improving their performance over time, which contributes to greater operational efficiency and adaptability. This advanced functionality opens up new possibilities across various industries, where robots can perform tasks that were once considered too complex for automation. In September 2024, Pudu Robotics, a leading global player in the service robotics industry, unveiled the PUDU MT1, an AI-powered robotic sweeper specifically designed for large-scale environments. This innovative robot was equipped with advanced AI algorithms that enabled it to navigate large spaces with precision and efficiency, making it a valuable addition to industries requiring high levels of cleanliness and operational efficiency, such as hospitality and commercial sectors.
Adoption of Collaborative Robots (Cobots)
The adoption of collaborative robots (cobots) by small and medium-sized enterprises (SMEs) is increasing, attributed to their advanced safety features, which enable them to perform tasks in close proximity to human workers without the need for complex or costly safety protocols. This characteristic makes cobots an appealing solution for businesses seeking to enhance productivity while maintaining a safe working environment. The market for cobots continues to experience substantial growth, driven by the growing focus of leading players in improving functionality. In September 2024, Kawasaki Robotics unveiled its new CL Series of intelligent collaborative robots at the International Manufacturing Technology Show (IMTS). This new series was engineered to support a broad range of payloads, with capacities ranging from 3 kg and a reach of 590 mm to 10 kg with a reach of 1000 mm, thereby enhancing the versatility and potential applications of cobots across various industrial sectors.
IMARC Group provides an analysis of the key trends in each segment of the market, along with the robotics technology market forecast at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on component, robot type, and application.
Breakup by Component:
Among these, hardware currently holds the largest robotics technology market share
The report has provided a detailed breakup and analysis of the market based on the component. This includes hardware, software, and services. According to the report, hardware represented the largest market segmentation.
Key components, such as sensors, actuators, power supplies, and control systems, drive the hardware segment. For instance, improved sensors and actuators are critical in industrial robotics for achieving precision and efficiency on assembly lines. Companies, such as FANUC and ABB, are market leaders in robotic hardware for industries such as automotive and electronics. This is elevating the robotics technology market outlook.
Breakup by Robot Type:
Currently, traditional industrial robots hold the largest robotics technology market demand
The report has provided a detailed breakup and analysis of the market based on the robot type. This includes traditional industrial robots, cobots, professional service robots, and others. According to the report, traditional industrial robots represented the largest market segmentation.
As per the robotics technology market outlook report, traditional industrial robots have considerable market dominance, particularly in sectors, such as automotive and electronics manufacturing. These robots, including articulated robots, SCARA robots, and Cartesian robots, are commonly employed for welding, assembling, and material handling. Companies, such as KUKA and Yaskawa, are well-known for their classic industrial robots, which improve manufacturing efficiency and precision.
Breakup by Application:
The report has provided a detailed breakup and analysis of the market based on the application. This includes manufacturing, healthcare, aerospace and defence, media and entertainment, logistics, and others.
In manufacturing, robots, such as FANUC's industrial arms, automate assembly lines and boost efficiency in automotive and electronics production. In healthcare, surgical robots, such as Intuitive Surgical's da Vinci system, are quickly being adopted to improve precision and recovery periods during minimally invasive treatments. In aerospace and military, robots are utilized for aircraft maintenance and inspection, as demonstrated by GE Aviation's robotic systems that tackle delicate operations. Furthermore, in media and entertainment, robots are used for camera work and special effects, boosting film and live event production capabilities. Logistics primarily relies on autonomous mobile robots (AMRs), such as those from KION Group, to streamline warehouse management and order fulfilment.
Breakup by Region:
Asia-Pacific currently dominates the market
The robotics technology market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia-Pacific accounted for the largest market penetration.
As per the robotics technology market segmentation, Asia-Pacific exhibits a clear dominance in the market driven by the region's strong manufacturing base and increasing automation requirements. Furthermore, government initiatives, such as the "Intelligent Robot Industry Development Strategy," continue to push the robotics sector forward.
The robotics technology market forecast report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major market robotics technology companies have also been provided. Some of the key players in the market include:
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
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Components Covered | Hardware, Software, Services |
Robot Types Covered | Traditional Industrial Robots, Cobots, Professional Service Robots, Others |
Applications Covered | Manufacturing, Healthcare, Aerospace and Defence, Media and Entertainment, Logistics, Others |
Regions Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | ABB Ltd., DENSO Corporation, FANUC Corporation, Kawasaki Heavy Industries Ltd., KUKA AG (Midea Group), Mitsubishi Electric Corporation, OMRON Corporation, Seiko Epson Corporation, Stäubli International AG, Yaskawa Electric Corporation., etc. |
Customization Scope | 10% Free Customization |
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) |
The global robotics technology market was valued at USD 108.0 Billion in 2024.
We expect the global robotics technology market to exhibit a CAGR of 9.13% during 2025-2033.
The rising adoption of robotics technology, as it aids in developing intelligent machines that enhance the performance of organizations and produce better results, is primarily driving the global robotics technology market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing deployment of robotics technology across numerous industries, such as manufacturing, healthcare, automotive, etc., to prevent the further transmission of the coronavirus infection upon human intervention.
Based on the component, the global robotics technology market has been categorized into hardware, software, and services. Currently, hardware accounts for the majority of the total market share.
Based on the robot type, the global robotics technology market can be segregated into traditional industrial robots, cobots, professional service robots, and others. Among these, traditional industrial robots exhibit a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global robotics technology market include ABB Ltd., DENSO Corporation, FANUC Corporation, Kawasaki Heavy Industries Ltd., KUKA AG (Midea Group), Mitsubishi Electric Corporation, OMRON Corporation, Seiko Epson Corporation, Stäubli International AG, and Yaskawa Electric Corporation.