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

Market Overview:

The global robotics technology market size reached US$ 78.75 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 155.52 Billion by 2027, exhibiting a growth rate (CAGR) of 11.30% 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.

The field of robotics technology involves the fusion of technologies and engineering disciplines, such as mechanical engineering, computer science, electronics, and electrical engineering, to produce machines called robots that resemble human beings. An AI robot can mimic human behavior or be a robot application, like robotic process automation (RPA), which simulates how humans interact with software to accomplish repetitive, rules-based tasks. Robotics technology aims to create Intelligent machines that enhance an organization's performance and produce better results.  New applications for service robots are being developed due to their numerous advantages, such as increased productivity, streamlined processes, and greater workplace safety. Furthermore, robotic technology allows for a reduction in operational costs and a high return on investment.

Robotics Technology Market Trends:

The market is majorly driven by the increasing adoption of robots in various end-use industries, such as automotive, manufacturing, food and beverage, and electronics. This can be attributed to the escalating demand for customized business operation solutions. Furthermore, the rapid adoption of robotics technology in telesurgery, parenteral nutrition and disabled patient care in the healthcare sector is resulting in a higher product update. Apart from this, the growing usage of robotics in military and defense sectors for monitoring, bomb dispersal, and mine detection is providing an impetus to the market. In line with this, a significant shift towards the implementation of artificial intelligence, machine learning, industrial internet of things (IIoT), and human-machine interface technology is impacting the market positively. Some of the other factors contributing to the market growth include continual developments in inventive, energy-efficient and cost-effective robots, rapid urbanization and industrialization, the widespread product adoption in SMEs, increasing penetration of high-speed internet, and extensive research and development (R&D) activities.

Key Market Segmentation:

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

Breakup by Component:

  • Hardware
  • Software
  • Services
     

Breakup by Robot Type:

  • Traditional Industrial Robots
  • Cobots
  • Professional Service Robots
  • Others
     

Breakup by Application:

  • Manufacturing
  • Healthcare
  • Aerospace and Defence
  • Media and Entertainment
  • Logistics
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Component, Robot Type, Application, Region
Region 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 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)

 

Key Questions Answered in This Report:

  • How has the global robotics technology market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global robotics technology market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the robot type?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global robotics technology market and who are the key players?
  • What is the degree of competition in the industry?

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 Technology Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Component
    6.1    Hardware
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Software
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Services
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Robot Type
    7.1    Traditional Industrial Robots
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Cobots
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Professional Service Robots
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by Application
    8.1    Manufacturing
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Healthcare
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Aerospace and Defence
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Media and Entertainment
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Logistics
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Others
        8.6.1 Market Trends
        8.6.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    ABB Ltd.
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    DENSO Corporation
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
           14.3.2.4 SWOT Analysis
        14.3.3    FANUC Corporation
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    Kawasaki Heavy Industries Ltd.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    KUKA AG (Midea Group)
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    Mitsubishi Electric Corporation
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    OMRON Corporation
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    Seiko Epson Corporation
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Stäubli International AG
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    Yaskawa Electric Corporation
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials 

List of Figures

Figure 1: Global: Robotics Technology Market: Major Drivers and Challenges
Figure 2: Global: Robotics Technology Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Robotics Technology Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Robotics Technology Market: Breakup by Component (in %), 2021
Figure 5: Global: Robotics Technology Market: Breakup by Robot Type (in %), 2021
Figure 6: Global: Robotics Technology Market: Breakup by Application (in %), 2021
Figure 7: Global: Robotics Technology Market: Breakup by Region (in %), 2021
Figure 8: Global: Robotics Technology (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Robotics Technology (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Robotics Technology (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Robotics Technology (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Robotics Technology (Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Robotics Technology (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Robotics Technology (Traditional Industrial Robots) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Robotics Technology (Traditional Industrial Robots) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Robotics Technology (Cobots) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Robotics Technology (Cobots) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Robotics Technology (Professional Service Robots) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Robotics Technology (Professional Service Robots) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Robotics Technology (Other Robot Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Robotics Technology (Other Robot Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Robotics Technology (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Robotics Technology (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Robotics Technology (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Robotics Technology (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Robotics Technology (Aerospace and Defence) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Robotics Technology (Aerospace and Defence) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Robotics Technology (Media and Entertainment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Robotics Technology (Media and Entertainment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Robotics Technology (Logistics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Robotics Technology (Logistics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Robotics Technology (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Robotics Technology (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: North America: Robotics Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: North America: Robotics Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: United States: Robotics Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: United States: Robotics Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Canada: Robotics Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Canada: Robotics Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Asia-Pacific: Robotics Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Asia-Pacific: Robotics Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: China: Robotics Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: China: Robotics Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Japan: Robotics Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Japan: Robotics Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: India: Robotics Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: India: Robotics Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: South Korea: Robotics Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: South Korea: Robotics Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Australia: Robotics Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Australia: Robotics Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Indonesia: Robotics Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Indonesia: Robotics Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Others: Robotics Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Others: Robotics Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Europe: Robotics Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Europe: Robotics Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Germany: Robotics Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Germany: Robotics Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: France: Robotics Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: France: Robotics Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: United Kingdom: Robotics Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: United Kingdom: Robotics Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Italy: Robotics Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Italy: Robotics Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Spain: Robotics Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Spain: Robotics Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Russia: Robotics Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Russia: Robotics Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Robotics Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Robotics Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Latin America: Robotics Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Latin America: Robotics Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Brazil: Robotics Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Brazil: Robotics Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Mexico: Robotics Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Mexico: Robotics Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Others: Robotics Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Others: Robotics Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Middle East and Africa: Robotics Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Middle East and Africa: Robotics Technology Market: Breakup by Country (in %), 2021
Figure 82: Middle East and Africa: Robotics Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Global: Robotics Technology Industry: SWOT Analysis
Figure 84: Global: Robotics Technology Industry: Value Chain Analysis
Figure 85: Global: Robotics Technology Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Robotics Technology Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Robotics Technology Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Robotics Technology Market Forecast: Breakup by Robot Type (in Million US$), 2022-2027
Table 4: Global: Robotics Technology Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Robotics Technology Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Robotics Technology Market: Competitive Structure
Table 7: Global: Robotics Technology Market: Key Players


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