PUBLISHER: Grand View Research | PRODUCT CODE: 1588419
PUBLISHER: Grand View Research | PRODUCT CODE: 1588419
The global robotic platform market size was estimated at USD 9.97 billion in 2023 and is projected to grow at a CAGR of 5.9% from 2024 to 2030. The shift towards cloud-based robotic solutions is gaining momentum as businesses seek to enhance their operational efficiency and reduce costs. Cloud technology allows for centralized data storage and processing, enabling robots to leverage real-time analytics and machine learning capabilities. This transition facilitates easier updates and maintenance of robotic systems, reducing downtime and operational disruptions. As more companies adopt cloud solutions, the demand for robotic platforms that integrate seamlessly with cloud technologies is expected to rise, driving market growth.
The integration of artificial intelligence (AI) and machine learning (ML) into robotic platforms is transforming their functionality and adaptability. These technologies enable robots to learn from their environment, improve their performance over time, and make autonomous decisions based on data analysis. Incorporating AI and ML enhances the capabilities of robotic platforms in various applications, from industrial automation to service robots in healthcare settings. As businesses recognize the value of intelligent robotics, the demand for AI-driven robotic solutions is anticipated to grow significantly.
The demand for service robots designed to assist humans in non-manufacturing settings is growing rapidly. These robots have advanced software platforms that enhance their capabilities and enable more intelligent interaction with their environment and users. Service robots incorporate features like natural language processing, machine learning, and advanced navigation, making them suitable for patient care, surgical assistance, and medical supply distribution. As service robots become more affordable and their capabilities expand, their use is expected to extend to other sectors, such as education, hospitality, and personal assistance.
There has been a significant rise of robotic platforms within fixed systems, enabling remote monitoring and maintenance capabilities. These systems provide precise motion control, simulation, programming, sensor integration, user-friendly interfaces, machine learning, and AI integration. Robotic platforms in fixed systems contributes to increased efficiency, productivity, quality, and flexibility in industrial and manufacturing environments. As businesses seek to optimize their operations and reduce downtime, the demand for robotic platforms in fixed systems is expected to grow.
Emerging markets are witnessing a rapid expansion of robotics adoption, driven by economic growth and increasing industrialization. Countries in Asia-Pacific, Latin America, and parts of Africa are investing heavily in automation technologies to enhance productivity and competitiveness. The rising labor costs in these regions are prompting businesses to explore robotic solutions to maintain efficiency while controlling expenses. As these markets continue to develop, the demand for robotic platforms tailored to local needs is expected to surge, creating new opportunities for growth in the global robotics market.
Global Robotic Platform Market Report Segmentation
This report forecasts and estimates revenue growth at the global, regional, and country levels along with analyzes the latest market trends and opportunities in each one of the sub-segments from 2018 to 2030. For this study, Grand View Research has further segmented the global robotic platform market report based on robot, deployment, type, end use, and region.