Robotics Market Projected to Reach at USD 214.60 billion, at a CAGR of 22.80% by 2030 | Growing Prevalence of service robots to boost market growth
Research Reports
Mar 13, 2023
According to MRFR analysis, the global Robotics Market is expected to register a CAGR of 22.80% from 2022 to 2030 and hold a value of over USD 214.60 billion by 2030.
The study’s focus is restricted to robotics utilized in commercial operations for cleaning, shelf scanning, RFID scanning, delivery, security & inspection, and advertising. Robots that perform surface disinfection are used to clean the surfaces of items that are maintained nearby. Robots that scan RFID tags and shelves are also used to control inventories. Additionally, delivery robots are employed to move items and packages from one location to another. Additionally, security and inspection robots are utilized to monitor a facility’s inside and external environments. The COVID-19 pandemic created a challenging scenario since it affected the supply chain system. When the production hubs were shut down for a longer period, the Robotics Market was also negatively impacted. This element has a clear effect on the value chain hub. Due to the lockdown, the raw material supply was delayed, which further hampered production and delivery to the industrial verticals. But as the use of robotic solutions grew in several industrial sectors, including the automotive industries, the market soon saw a large surge in demand. During the post-pandemic phase, the market will experience healthy expansion and will make up for the loss with stronger demand.
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Key Players
Some of the key market players are.
- Universal Robots A/S
- Kawasaki Heavy Industries Ltd
- BOSTON DYNAMICS
- iROBOT Corporation
- Nachi-Fujikoshi Corp
- Honda Motor Co. Ltd
- Mitsubishi Electric Corporation
- ABB Limited
- Sony Corporation
- Northrop Grumman Corporation
- Kuka AG
- Omron Corporation.
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Report Scope:
|
Report Attribute/Metric |
Details |
|
Market Size in 2030 |
USD 214.60 billion |
|
Growth rate: |
CAGR of 22.80% from 2022 to 2030 |
|
Forecast Period |
2022-2030 |
|
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Robotics Market Regional Analysis
The largest market share over the past few years has been observed in Asia Pacific. The North American Region was the first to use industrial robots. Due to its higher rate of robot adoption, the U.S. is the top nation. The demand for service robots, industrial robots, interactive entertainment robots, and instructional robots was also seen in the European region. The top four industrial robot-using nations in Europe are Germany, Sweden, Italy, and Denmark. Europe’s regional market is expanding as a result of the continent’s rapid adoption of robotics in both the home and industrial sectors.
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Robotics Market Segmentation
The Global Robotics market has been segmented into Types, Mobility, and End-Users.
Based on the Types, the market has been segmented into SCARA, Cartesian, Articulated, Cylindrical, Parallel, and Others.
Based on Mobility, the market has been segmented into Fixed Robots, Mobile Robots.
Based on the End-Users, the market has been segmented into Medical, Entertainment, Logistics, Field, Defense, Public Safety, Manufacturing, and Others.
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