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PUBLISHER: IMARC | PRODUCT CODE: 1236983
PUBLISHER: IMARC | PRODUCT CODE: 1236983
Robotics Technology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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The global robotics technology market size reached US$ 88.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 171.8 Billion by 2028, exhibiting a growth rate (CAGR) of 10.9% during 2023-2028.
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 2023-2028. 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, Staubli International AG and Yaskawa Electric Corporation.
Key Questions Answered in This Report:
- 1. What was the size of the global robotics technology market in 2022?
- 2. What is the expected growth rate of the global robotics technology market during 2023-2028?
- 3. What are the key factors driving the global robotics technology market?
- 4. What has been the impact of COVID-19 on the global robotics technology market?
- 5. What is the breakup of the global robotics technology market based on the component?
- 6. What is the breakup of the global robotics technology market based on the robot type?
- 7. What are the key regions in the global robotics technology market?
- 8. Who are the key players/companies in the global robotics technology market?
Product Code: SR1523A248_Report
Table of Contents
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
- 9.1.1 United States
- 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
- 9.2.1 China
- 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
- 9.3.1 Germany
- 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
- 9.4.1 Brazil
- 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 Staubli 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
- 14.3.1 ABB Ltd.
Product Code: SR1523A248_Report
List of Figures
- Figure 1: Global: Robotics Technology Market: Major Drivers and Challenges
- Figure 2: Global: Robotics Technology Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Robotics Technology Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Robotics Technology Market: Breakup by Component (in %), 2022
- Figure 5: Global: Robotics Technology Market: Breakup by Robot Type (in %), 2022
- Figure 6: Global: Robotics Technology Market: Breakup by Application (in %), 2022
- Figure 7: Global: Robotics Technology Market: Breakup by Region (in %), 2022
- Figure 8: Global: Robotics Technology (Hardware) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Robotics Technology (Hardware) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Robotics Technology (Software) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Robotics Technology (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Robotics Technology (Services) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Robotics Technology (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Robotics Technology (Traditional Industrial Robots) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Robotics Technology (Traditional Industrial Robots) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Robotics Technology (Cobots) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Robotics Technology (Cobots) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Robotics Technology (Professional Service Robots) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Robotics Technology (Professional Service Robots) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Robotics Technology (Other Robot Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Robotics Technology (Other Robot Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Robotics Technology (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Robotics Technology (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Robotics Technology (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Robotics Technology (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Robotics Technology (Aerospace and Defence) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Robotics Technology (Aerospace and Defence) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Robotics Technology (Media and Entertainment) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Robotics Technology (Media and Entertainment) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Robotics Technology (Logistics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Robotics Technology (Logistics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Robotics Technology (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Robotics Technology (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: North America: Robotics Technology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: North America: Robotics Technology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: United States: Robotics Technology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: United States: Robotics Technology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Canada: Robotics Technology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Canada: Robotics Technology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Asia-Pacific: Robotics Technology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Asia-Pacific: Robotics Technology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: China: Robotics Technology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: China: Robotics Technology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Japan: Robotics Technology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Japan: Robotics Technology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: India: Robotics Technology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: India: Robotics Technology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: South Korea: Robotics Technology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: South Korea: Robotics Technology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Australia: Robotics Technology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Australia: Robotics Technology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Indonesia: Robotics Technology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Indonesia: Robotics Technology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Others: Robotics Technology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Others: Robotics Technology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Europe: Robotics Technology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Europe: Robotics Technology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Germany: Robotics Technology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Germany: Robotics Technology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: France: Robotics Technology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: France: Robotics Technology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: United Kingdom: Robotics Technology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: United Kingdom: Robotics Technology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Italy: Robotics Technology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Italy: Robotics Technology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Spain: Robotics Technology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Spain: Robotics Technology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Russia: Robotics Technology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Russia: Robotics Technology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Others: Robotics Technology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Others: Robotics Technology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Latin America: Robotics Technology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Latin America: Robotics Technology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Brazil: Robotics Technology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Brazil: Robotics Technology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Mexico: Robotics Technology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Mexico: Robotics Technology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Others: Robotics Technology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Others: Robotics Technology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Middle East and Africa: Robotics Technology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 81: Middle East and Africa: Robotics Technology Market: Breakup by Country (in %), 2022
- Figure 82: Middle East and Africa: Robotics Technology Market Forecast: Sales Value (in Million US$), 2023-2028
- 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, 2022 and 2028
- Table 2: Global: Robotics Technology Market Forecast: Breakup by Component (in Million US$), 2023-2028
- Table 3: Global: Robotics Technology Market Forecast: Breakup by Robot Type (in Million US$), 2023-2028
- Table 4: Global: Robotics Technology Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 5: Global: Robotics Technology Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Robotics Technology Market: Competitive Structure
- Table 7: Global: Robotics Technology Market: Key Players
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